Wall Street's main indexes fell on Tuesday as better-than-expected housing data fueled worries of more interest rate hikes by the U.S. Federal Reserve, while Tesla climbed after Rivian agreed to adopt its charging standard.
in May to its highest in more than a year and permits issued for future construction also climbed, suggesting the housing market may be turning a corner.
"We saw housing starts and building permits come in much stronger than anticipated and it seems the economy remains stronger than expected despite all the calls for a potential recession," Sam Stovall, chief investment strategist at CFRA Research, said.
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.
Wall Street Buys More T-Bills, Parks Less at FedThe central bank’s reverse repo fell below $2 trillion for the first time in more than a year.
Read more »
Goldman joins Wall Street banks in cutting China's growth outlook as post-Covid bounce fadesGoldman Sachs sees further turbulence ahead for the Chinese economy as the recovery from its stringent Covid measures continue to disappoint.
Read more »
Asia stocks under pressure, tracking Wall Street's losses last weekAsian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of...
Read more »
Wall Street Sours on America’s DowntownsThe pessimism from investors who bet on office buildings and mass transit can be seen in market signals that are flashing red.
Read more »
Inside the Escalating Feud at One of Wall Street’s Biggest Hedge FundsA long-running rift atop one of the world’s largest hedge funds has burst into the open. “I’ve never seen anything like this.”
Read more »
Secretary Blinken Visits Beijing, Talks with Chinese Foreign MinisterSecretary of State Antony Blinken became the first American cabinet-level official to visit China since 2019 this weekend. See potential bias and similarities in coverage from guardian, WSJ, and DailyMail:
Read more »