Stocks

US stocks slip from records

Bloomberg US stocks halted a seven-day advance as data showing a rebound in consumer spending offset a wider selloff in commodities. Treasuries advanced amid month-end buying. The S&P 500 Index edged lower from an all-time high banks paced gains while energy producers slumped amid a retreat in crude. Tech shares lifted the Nasdaq 100 Index to a fresh record. The ...

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Hong Kong stocks cap longest monthly gains since 2013

Bloomberg Hong Kong’s benchmark stock index capped a fifth month of gains, its longest winning streak in more than four years, as improving earnings outweighed concerns about China’s campaign to cut leverage. The Hang Seng Index advanced 4.3 percent in May to be among Asia’s best performers. The gauge retreated 0.2 percent on Wednesday at the close. Geely Automobile Holdings ...

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Europe risks weigh on stocks, crude retreats

Bloomberg European stocks fell and the euro struggled against the dollar as investors were reminded of a few of the challenges still faced by the world’s biggest single market. Oil joined a wider selloff in commodities. The Stoxx Europe 600 Index declined a fourth day as data showed euro-area economic confidence fell for the first time this year, and as ...

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Stocks meander, pound rises in holiday-hit trading

Bloomberg Global stocks were mixed and the dollar edged lower amid thin trading as investors weighed the latest comments from a Fed official on the path of borrowing costs. The British pound advanced after a selloff. With markets in the UK, US and China all closed for public holidays, volumes were depressed across the board and most moves were muted. ...

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Short sellers resist covering as S&P 500 climbs

Bloomberg It usually doesn’t work this way: stocks vaulting to records, and bearish traders getting more aggressive. Lately, it has. The S&P 500 Index has climbed 7.9 percent since January, including its biggest gain since April in the just-completed week. At the same time, short interest as a proportion of total shares outstanding has also expanded, rising by 0.3 percentage ...

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Stocks, currencies on hold as traders wait for Fed

Bloomberg Markets were largely in a holding pattern on Wednesday, with European stocks struggling to maintain gains and the dollar edging lower as investors awaited fresh insight on the path for borrowing costs in the world’s biggest economy. China’s credit-rating downgrade sank industrial metals. The Stoxx Europe 600 Index erased most of its advance as auto makers fell in the ...

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US stocks, euro rise on economy optimism

Bloomberg US stocks edged to all-time highs and the euro strengthened after data from Germany and France signaled the region’s economic recovery remains on track. Brazilian assets stabilized. The S&P 500 Index’s fourth straight gain took it within two points of a record, while technology companies boosted Stoxx Europe 600 Index after Nokia Oyj settled a litigation with Apple Inc. ...

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US stocks rise as oil advances, dollar weakens

Bloomberg US stocks advanced for a third day as crude pushed above $50 a barrel before OPEC meets this week. The euro advanced after Angela Merkel said the “too weak” currency shared the blame for Germany’s trade surplus. The S&P 500 Index’s three-day climb topped 1 percent following its biggest selloff of the year as investors focused on corporate deals. ...

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US stocks fall, Brazil equities plunge

Bloomberg Brazilian equities plunged 10 percent before being halted as political crisis gripped the nation. Losses in US stocks were muted and the dollar rose for the first time in seven days as investors assessed the turmoil in Washington. The S&P 500 Index retreated 0.2 percent, with fresh revelations about undisclosed contacts between Donald Trump’s campaign and the Kremlin adding ...

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Caution reigns as US politics turmoil takes center stage

Bloomberg Growing concerns over the turmoil engulfing President Donald Trump’s administration weighed on risk appetite, boosting the yen and gold and sending stocks lower. Oil gained as more producers backed the extension of supply cuts. S&P 500 Index futures declined with European and Asian equities on reports that Trump asked FBI Director James Comey to drop an investigation into former ...

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