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S&P 500 closes lower Wednesday after two days of strong gains
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S&P 500 closes lower Wednesday after two days of strong gains

U.S. stocks fell on Wednesday as Wall Street failed to hold on to the sharp gains from the last two sessions. The Dow Jones Industrial Average lost 42.45 points, or 0.14%, to 30,273.87. Earlier in the day, it was down 429.88 points. The S&P 500 lost 0.20% to close at 3,783.28, and the Nasdaq Composite...

OPEC+ imposes deep production cuts in a bid to shore up prices
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OPEC+ imposes deep production cuts in a bid to shore up prices

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices...

OPEC+ imposes deep production cuts in a bid to shore up prices
Post

OPEC+ imposes deep production cuts in a bid to shore up prices

Oil prices have fallen to roughly $80 from over $120 in early June amid growing fears about the prospect of a global economic recession. Bloomberg | Getty Images A group of some of the world’s most powerful oil producers on Wednesday agreed to impose deep output cuts, seeking to spur a recovery in crude prices...

Stock futures fall following a sharp two-day rally on Wall Street
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Stock futures fall following a sharp two-day rally on Wall Street

U.S. stock futures fell on Wednesday morning after the S&P 500 posted its best two-day gain in roughly two years. Dow Jones Industrial Average futures declined by 150 points, or 0.49%. S&P 500 and Nasdaq 100 futures dipped 0.53% and 0.55%, respectively. During the regular session Tuesday, the Dow jumped about 825 points, or 2.8%....

Stock futures fall following a sharp two-day rally on Wall Street
Post

Stock futures fall following a sharp two-day rally on Wall Street

U.S. stock futures fell on Wednesday morning after the S&P 500 posted its best two-day gain in roughly two years. Dow Jones Industrial Average futures declined by 150 points, or 0.49%. S&P 500 and Nasdaq 100 futures dipped 0.53% and 0.55%, respectively. During the regular session Tuesday, the Dow jumped about 825 points, or 2.8%....

Stock futures jump as traders try to build on Monday’s rally
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Stock futures jump as traders try to build on Monday’s rally

‘Cash is probably not trash,’ says BNY Mellon Investment Management Conventional wisdom suggests that holding cash in an inflationary environment is not recommended, but “cash is probably not trash anymore,” according to Aninda Mitra, head of Asia macro and investment strategy at BNY Mellon Investment Management. Asked if cash and Treasury bills look attractive given...