Wall Street scales to yet more record highs after Powell signals Fed will taper stimulus this year August 27, 2021 US markets were propelled to yet more record highs today after the chair of the US Federal Reserve indicated the central bank may start to wind down stimulus measures this year. The S&P 500 touched a record high today, before paring back slightly to rise 0.90 per cent to 4,510.49 points during early afternoon trading. [...]
FTSE 100 slides to reverse four day winning streak August 26, 2021 The FTSE 100 fell today after four straight sessions of gains as a clutch of miners and industrial heavyweights weighed on London’s premier index. The blue-chip index closed down 0.35 per cent at 7,124.98 points, with miners dragging the FTSE down. Having hit record highs yesterday amid a surge of takeover activity, the FTSE 250 [...]
Rallying retail stocks lift FTSE 250 to fresh record high August 25, 2021 A rally among retail and consumer goods stocks drove the mid-cap FTSE 250 to a fresh record high today. The domestically-focused mid-cap index pulled back slighlty from morning gains that saw it reach a new summit, but it registered its highest closing score ever, up 0.42 per cent today to 23,986.37 points. Over the last [...]
Global markets rally as Fed taper fears ease August 24, 2021 Global markets rallied today, driven by expectations that the US Federal Reserve will outline its plan to rein in the wave of monetary stimulus unleashed in response to the Covid crisis at Jackson Hole this week receding. The blue-chip S&P 500 rose 0.29 per cent to 4,492.46 points in early afternoon trading, while the Dow [...]
Female FTSE 100 directors earn 73 per cent less than male counterparts August 23, 2021 A recent investigation has found that female FTSE 100 directors on average earn 73 per cent less than their male counterparts. Research by New Street Consulting Group found that the average pay for female directors stands at £237,000, compared to £875,900 for male directors. The data reveals that the gender pay gap at the top [...]
Markets stumble as China throws sand into the gears of recovery August 19, 2021 European stocks have come under further pressure today, in sharp contrast to last week. The falls appear to be being driven by several factors, so you can pick your poison to a certain extent, however the prospect of a Fed taper is unlikely to one of the main factors, given that US yields are lower, [...]
Wall Street opens flat as investors await Fed minutes August 18, 2021 Wall Street’s main benchmarks opened broadly flat today as investors held back from making any sudden moves until after the publication of minutes from the Fed’s latest Federal Open Market Committee meeting. The blue-chip S&P 500 edged 0.07 per cent higher to 4,450.73 points, while the Dow Jones inched down 0.07 per cent to 35,321.59 [...]
Wall Street smashes records yet again August 13, 2021 Wall Street opened higher today to breach record highs once again driven by a string of strong earnings reports. The S&P 500 came out of the blocks quickly to hit an all-time high, but fell back slightly to rise 0.06 per cent to 4,463.75 points in the early afternoon session. Similarly, the Dow Jones sped [...]
US stocks climb to record highs as inflation clip higher than expected August 11, 2021 US stocks climbed to record highs today as investors were boosted by data showing inflation growth in America may have peaked. The Dow Jones hit a record high today, surging 0.57 per cent to 35,465 points. The blue-chip S&P 500 also trailed higher, up 0.19 per cent to 4,444 points. However, the tech-heavy Nasdaq dropped [...]
US stocks lifted by infrastructure bill’s safe passage August 10, 2021 Wall Street opened higher this morning as investors were boosted by news that President Joe Biden’s $1 trillion infrastructure bill had safely passed through the Senate. The blue-chip S&P 500 edged up 0.17 per cent to 4,439 points, while the Dow Jones climbed 0.5 per cent to 35,278 points. Tech shares lost ground as investors [...]