· 19h · on MSN
World shares gain after S&P 500 climbs to a record and Bank of Japan raises rates
Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
· 1d · on MSN
Stock market today: World shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
NEW YORK — U.S. stocks pulled back from their all-time high on Friday as they closed out a second straight winning week . The S&P 500 slipped 0.3% a day after setting a record. The Dow Jones Industrial Average dipped 140 points, or 0.3%, and the Nasdaq composite sank 0.5%.
U.S. stock indexes are drifting following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies
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Dow Drops 141, Nasdaq Sinks 99, S&P 500 Falls 17Wall Street edged back from its record on Friday. Trading was quiet through the day, aided by relative steadiness in the bond market, which has been driving much of the action on Wall Street lately. The post appeared first on TV News Check.
World stocks are mixed follow Wall Street’s mostly positive performance ahead of key U.S. inflation data that could influence the pace of the Federal Reserve’s rate cuts.
U.S. stocks are hanging near a record as they head for the close of a second straight winning week. The S&P 500 was flat in early trading Friday, a day after setting an all-time high. The Dow Jones Industrial Average slipped 66 points,
WSJ Pro Central Banking brings you central banking news, analysis and insights from WSJ's global team of reporters and editors. This newsletter was compiled by markets reporter Vicky Ge Huang in New York. Send your tips, suggestions and feedback to [[email protected]].
Top News Bank of Japan Resumes Hiking Rates as Economy Strengthens The Bank of Japan raised its target for the overnight call rate to 0.5% from 0.25%, making its third rate hike since ending its long-running negative interest-rate policy in March. The bank previously raised the policy rate to 0.25% in July and had kept it at that level since.
Backdrop: Japan had been mired in decades of weak prices and economic stagnation, and even as inflation impacted the globe in the aftermath of the COVID pandemic, BOJ policymakers largely viewed local price pressures as imported from elsewhere.
It is the highest level since October 2008 as the economy makes steady progress toward the bank’s goal of stable 2% inflation and wage-backed growth.
U.S. stocks rose to a record as Wall Street regained some of the momentum that catapulted it to 57 all-time highs last year. The S&P 500 rose 0.5% Thursday amid
U.S. stocks rose to their first all-time high of 2025 as Wall Street regained a bit of the momentum that catapulted it to 57 records last year. The S&P 500
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