NEW YORK, Jan 10 — Wall Street stocks fell early today on ongoing worries over shifting Federal Reserve policy as investors await key inflation data and corporate earnings later in the week.
Analysts pointed to lingering unease after stocks dropped last week following signals from the Federal Reserve of an accelerated effort to tighten monetary policy. The yield on the 10-year US Treasury note — a proxy for Fed interest rates — moved higher towards two per cent. This week’s economic calendar includes reports on consumer pricing and retail sales, as well as earnings from JPMorgan Chase and other banks.The broad-based S&P 500 shed 1.1 per cent to 4,626.99, while the tech-rich Nasdaq Composite Index dropped 1.7 per cent to 14,676.53.
Zynga jumped 46.3 per cent after it reached an agreement to be acquired by Take-Two Interactive for US$12.7 billion. Take-Two fell 12.8 per cent. —, Jan 10 —
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dollar ticks up as case for March Fed hike grows | Malay MailLONDON, Jan 10 — The dollar ticked up today amid rising bets US inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline US...
Source: malaymail - 🏆 1. / 86 Read more »
‘Spider-Man: No Way Home’ rules US box office again, ‘The 355’ misfires | Malay MailLOS ANGELES, Jan 10 — Jessica Chastain, Penelope Cruz, Lupita Nyong’o and the cast of Universal’s globe-trotting espionage thriller The 355 were no match for Spider-Man: No Way Home, which dominated at the box office in its fourth weekend. The latest Spidey adventure, starring Tom Holland as...
Source: malaymail - 🏆 1. / 86 Read more »
US dollar firm as inflation test looms | Malay MailSYDNEY, Jan 10 — The dollar started the week with support as traders bet US inflation data and appearances from several Federal Reserve officials would bolster the case for higher interest rates. After dipping on Friday, the greenback stood around its 200-day moving average against the euro at...
Source: malaymail - 🏆 1. / 86 Read more »
Asia shares subdued before US inflation test | Malay MailSYDNEY, Jan 10 — Asian share markets were muted today as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields and punishing tech stocks. The explosion in coronavirus cases globally also threatens to...
Source: malaymail - 🏆 1. / 86 Read more »
US comedian and 'Full House' star Bob Saget found dead aged 65 | Malay MailMIAMI, Jan 10 — Bob Saget, the US comedian who delighted millions as the star of television’s Full House in the 1980s and 1990s, has been found dead in a Florida hotel room, the local sheriff said yesterday. “Earlier today, deputies were called to the Ritz-Carlton Orlando, Grande Lakes for a...
Source: malaymail - 🏆 1. / 86 Read more »
Natural disasters cost insurers US$120b in 2021, Munich Re says | Malay MailFRANKFURT, Jan 10 — Marked by devastating hurricanes and cold snaps in the United States, 2021 proved the second-most costly year on record for the world’s insurers, Munich Re said today, warning that extreme weather was more likely with climate change. Insured losses from natural catastrophes...
Source: malaymail - 🏆 1. / 86 Read more »