NEW YORK, May 9 — Wall Street stocks fell early today, extending a rocky run from the end of last week as markets weigh ongoing worries about inflation and higher interest rates. Investors will focus especially this week on Wednesday’s consumer price report as the Federal Reserve doubles down...
NEW YORK, May 9 — Wall Street stocks fell early today, extending a rocky run from the end of last week as markets weigh ongoing worries about inflation and higher interest rates.
The yield on the 10-year US Treasury note climbed higher, pushing further above three per cent early today. “There are misgivings about the achievability of earnings growth estimates and the resiliency of the US consumer in the face of persistent inflation pressures and rising interest rates.”The broad-based S&P 500 shed 1.9 per cent to 4,045.07, while the tech-rich Nasdaq Composite Index dropped 2.1 per cent to 11,889.02.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US box office: ‘Doctor Strange 2’ debuts to heroic US$185m | Malay MailLOS ANGELES, May 9 — Doctor Strange and his questionably effective book of spells has summoned a blockbuster US$185 million (RM808.4 million) at North American movie theaters over the weekend, reaffirming the box office dominance of Disney’s Marvel Cinematic Universe after a shakier,...
Read more »
Ringgit opens lower on strong US dollar demand | Malay MailKUALA LUMPUR, May 9 — The ringgit was traded easier against the US dollar in the early session today amid stronger demand for the greenback, said an analyst. At 9.05am, the local note was pegged at 4.3745/3780 versus the greenback from Friday’s close of 4.3650/3680. Bank Islam...
Read more »
Ringgit ends lower against US dollar | Malay MailKUALA LUMPUR, May 9 — The ringgit ended lower against the US dollar today as the greenback continued to strengthen amid further monetary policy tightening by the US Federal Reserve (Fed), said an analyst. At 6pm, the local currency fell to 4.3830/3870 against the greenback from Friday’s close...
Read more »
Sri Lanka in talks for US$100m emergency funding from Beijing-backed bank | Malay MailCOLOMBO, May 8 — The China-backed Asian Infrastructure Investment Bank is considering granting US$100 million (RM437 million) in emergency support to Sri Lanka, the country’s finance ministry said today. Sri Lanka has requested foreign-exchange liquidity support for state banks from the lender,...
Read more »
New York subway shooting suspect indicted on terrorism charge | Malay MailMAY 8 — A US grand jury yesterday indicted a man for terrorism and other charges stemming from an April 12 gunfire and smoke bomb attack that injured 23 people on the New York City subway. The indictment in US District Court for the Eastern District of New York charged Frank James, 62, with a...
Read more »
G7 to phase out Russian oil, US sanctions Gazprombank execs over Ukraine war | Malay MailWILMINGTON, May 9 — Group of Seven (G7) nations committed on Sunday to ban or phase out imports of Russian oil and the United States unveiled sanctions against Gazprombank executives and other businesses to punish Moscow for its war against Ukraine. The move represents the latest attempt by the...
Read more »