Wall Street pointed higher in premarket trading Thursday ahead of employment and inflation data that may offer hints about how aggressive the Federal Reserve's next move will be in its battle against inflation.
The Fed has raised its benchmark interest rate six times since March, with its key rate now in a range of 3.75% to 4%, the highest in 15 years.
In Europe at midday, Germany’s DAX fell 0.2% and the CAC 40 in Paris inched down 0.1%. Britain’s FTSE 100 was flat. The Cabinet Office reported Thursday that the economy shrank at a 0.8% annual rate in July-September. That was better than minus 1.2% annual growth reported earlier.Australia’s S&P/ASX 200 sank 0.8% to 7,175.50 and South Korea’s Kospi dropped 0.5% to 2,371.08. Shares also fell in Bangkok, Mumbai and Taiwan.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US futures point to continued slump this week on Wall StreetWall Street futures edged lower Wednesday ahead of new employment and wholesale price data with the Federal Reserve gauging its next step in its fight to cool inflation. stocks wallst econony us kprc2 click2houston us inflation
Read more »
Stock Market News Today: Dow Drops 400 Points, Nasdaq and S&P 500 DownThe Dow fell more than 500 points, extending this week's declines on worries about the outlook for interest rates
Read more »
Stocks fall again on Wall Street, extending recent lossesStocks fell again on Wall Street, extending the market's recent string of losses
Read more »
The Averted National Rail Strike Is a Parable of Contemporary American CapitalismUnfolding in one of the country’s oldest and most far-flung industries is a story of prioritizing payments to wealthy stockholders over everything else—including serving the public interest.
Read more »
Citadel celebrates banner year at Disney as Wall Street nurses lossesFor much of Wall Street, trading this year has been like riding a wild roller coaster.
Read more »
Top Wall Street CEOs amplify recession warnings as bets of dismal 2023 swellThe CEOs of Goldman Sachs, JPMorgan Chase and Bank of America warned of an ugly outlook for the economy in 2023, raising the specter of a recession next year.
Read more »