12h ago
U.S. stocks close lower after Fed’s first rate hike in over three years signals further tightening
The Federal Reserve raised interest rates on Sept 16 for the first time in more than three years and said more tightening is likely as it battles persistently high inflation. U.S. stocks finished lower, with the Dow Jones Industrial Average down 631.33 points and the S&P 500 off 33.59 points. In tech, semiconductor shares rose 0.6%, while Boeing fell 3.7% after the company flagged delays in stabilizing 737 MAX production.
12h ago
9-1
Wall Street ends Aug 31 lower as oil prices jump; major indexes still post monthly gains
U.S. stocks closed lower on Aug 31, with the Dow dropping 374 points to 53,185.90 as the S&P 500 and Nasdaq also slipped. A surge in oil prices driven by geopolitical conflict revived inflation concerns and pushed expectations for a 25-basis-point Fed rate hike in September above 65%. Energy stocks outperformed, with Halliburton and Valero Energy each up 1.9%. GameStop rose 2.9% after it said it would use cash to cover about 27% of a debt exchange, avoiding further share dilution.
9-1
8-28
ICE arabica coffee stocks fall to 224,011 bags on Aug 28, the lowest since May 2000
ICE data show arabica coffee inventories fell to 224,011 60kg bags on Aug 28, the lowest since May 2000, as dealers competed for scarce spot supply. The drawdown has helped keep benchmark arabica futures above US$3 per lb for the past couple of months. The market expects a global surplus of 8.2 million bags in the 2026/27 season, largely on hopes of a record Brazilian crop, but tight physical availability persists.
8-28