U.S. stocks rally for second day ahead of U.S. midterms - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

U.S. shares rose in a broad-based rally that swept up small caps as well as blue-chip stocks, ahead of midterm elections and inflation data later this week. The dollar fell with Treasuries.

The S&P 500 closed near session highs, with all but three of the 11 industry groups advancing. The tech-heavy Nasdaq 100 also caught bids, while the Dow Jones Industrial Average outperformed, rising as much as 1.5 per cent with health-care names topping the leaderboard. The Russell 2000 rallied, reversing losses in afternoon trading. Stocks gained for a second day ahead of U.S. midterms.

Meanwhile, Facebook parent Meta Platforms Inc. rallied on plans to cut jobs. Tesla Inc. was the biggest drag on the S&P 500 as the stock continued to sell off in the wake of Chief Executive Officer Elon Musk’s purchase of Twitter Inc. Apple Inc. bounced back from earlier losses triggered by a report saying it expected to produce at least three million fewer iPhone 14 handsets than originally anticipated this year.

Swaps markets are leaning toward a 50 basis-point Fed rate increase in December, after a fourth consecutive jumbo hike to a target range of 3.75 per cent to 4 per cent at last week’s meeting. Rates are expected to peak slightly above 5 per cent around mid-2023.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

The Week Ahead: Rogers earnings; U.S. CPI - BNN BloombergA look at what investors will be watching in the upcoming week.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »

'The power has shifted': The helium industry is on the verge of change - BNN BloombergThe helium industry is still a niche market with no public spot price for the product. As more prospectors enter the growing space, they’re finding out that it’s a bit of a black market.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »