US EditionMiners Shine as ASX Jumps After Wall Street Rally
NEW YORK, AUG 4 – Investors bought stocks after a weak jobs report raised hopes for Federal Reserve interest rate cuts, driving the S&P 500 up 1.5% and the Dow Jones 1.3%, analysts said.
- In New York on Monday, Wall Street stocks rallied 1.3 per cent after Friday’s sell-off, as investors bought the dip.
- After the weak employment numbers on Friday, investors sold off following the disappointing jobs data, which raised expectations of Fed rate cuts, according to analysts.
- In notable stock moves, Wayfair climbed 12.7 per cent after reporting better spring growth, while Tesla rose 2.2 per cent after awarding Elon Musk 96 million shares valued at $46 billion.
- In overseas trading, indexes rose as the 10-year Treasury yield slipped to 4.19 per cent from 4.23 per cent late Friday, with South Korea’s Kospi up 0.9 per cent and France’s CAC 40 climbing 1.1 per cent.
- Looking toward autumn, analysts say Evercore ISI’s Julian Emanuel warns of a 7 to 15 percent sell-off into September, supporting market concerns.
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U.S. shares rose on Tuesday as Wall Street regained its balance after a turbulent week and processed the last wave of corporate performance. S&P 500 (^GSPC) advanced 0.2%, while the front-line Dow Jones Industrial Average (^DJI) rose 0.3%. Nasdaq Composite (^IXIC), for its part, retreated around 0.1%.These gains follow Monday's strong rebound, which occurred after markets fell on Friday for a series of events that shook the market, including a w…
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Stocks hold steadier on Wall Street following sharp swings
NEW YORK (AP) — Wall Street is holding steadier following its see-saw ride that bracketed the weekend. The S&P 500 was up 0.1% in early trading Tuesday. The index is coming off its best day since May, which followed its worst day since May.
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Total News Sources15
Leaning Left2Leaning Right2Center2Last UpdatedBias Distribution33% Left, 33% Center, 33% Right
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
33% Right
L 33%
C 33%
R 33%
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