The three major U.S. equity indexes closed mixed on Friday. The Dow Jones industrials added 0.2%, while the S&P 500 slipped by 0.16% and the Nasdaq fell by 0.5%. Six of 11 sectors ended the day lower, led by consumer cyclicals (1.7%) and communications services (1.2%). The energy sector rose by 2%, and the financial sector was up 0.7%. All […]

London (CNN Business)The US dollar has been on a tear this year. That’s good news for American tourists gallivanting around Europe, but bad news for pretty much every other country in the world. The greenback is up more than 10% in 2022 compared to other top currencies — near its highest level in two decades — as investors worried about […]

HONG KONG (Reuters) – China’s cutting of some of its few communication links with the U.S. military raises the risk of an accidental escalation of tension over Taiwan at a critical moment, according to security analysts, diplomats and U.S. officials.Slideshow ( 2 images )China called off planned formal talks involving theatre-level commands, defence policy co-ordination and military maritime consultations on […]

After ending the previous session firmly positive, treasuries showed a substantial move back to the downside during trading on Friday. Bond prices moved sharply lower in early trading and remained firmly negative throughout the session. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, surged 16.4 basis points to 2.840 percent. The sell-off by treasuries […]

Markets were somewhat mixed going into the close on Thursday. The Nasdaq was posting a decent gain of 0.3%, while the Dow Jones was down 0.2% and the S&P 500 was holding relatively flat. This all comes in anticipation of the July Employment report coming out on Friday morning. Looking ahead to the report, consensus estimates are calling for nonfarm […]