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...S&P said it originally expected the war would not last “more than six months” as it downgraded Israel’s sovereign credit rating from double A minus to A plus....
...The benchmark S&P 500 fell 0.2 per cent on Thursday afternoon, notching five straight daily losses for the first time since October....
...The S&P 500 declined on Thursday, headed for its fifth straight loss since October....
...Some of the biggest losers in the S&P index included Nvidia, down 10 per cent for its worst day since March 2020, and Facebook parent Meta, down 4.1 per cent....
...The energy sector was up 1.2 per cent during lunchtime trading, making it the best-performing sector in the S&P 500 on Monday....
...Paramount Global was the S&P 500’s best performer, soaring 15 per cent on news reports Skydance Media had reached a deal to acquire the entertainment group....
...Thursday’s small gain left the S&P 500 up 10.2 per cent this year, while the Nasdaq Composite has added 9 per cent....
...Chris Williamson, chief business economist at S&P Global Market Intelligence, said the UK’s recovery “continued to gain momentum” as improved growth in the services sector offset a renewed downturn in manufacturing...
...This is roughly comparable to average default rates observed in companies that receive a B credit rating from S&P (3.4 per cent) and a B3 from Moody’s (4 per cent)....
...Gains for stocks accelerated in the final hour of trading to leave the S&P 500 up 0.9 per cent....
...The benchmark S&P 500 was down 1.5 per cent in Friday afternoon trading....
...About nine in 10 S&P 500 stocks were trading lower as traders assessed US inflation data that was higher than expected for March....
...The inflows means America’s global dominance of global equity markets is now approaching the levels seen in the 1950s and 1960s, when the US led the postwar economic recovery and the Nifty Fifty grouping...
...Wall Street’s S&P 500 was down 0.1 per cent. Consumer discretionary, industrials and tech were the benchmark’s worst-performing sectors, down 0.5 per cent, 0.4 per cent and 0.3 per cent, respectively....
...The head of F1’s governing body told the FT last week it was “damaging the sport”....
...Wall Street’s S&P 500 was down 0.1 per cent on Monday....
...Overall, almost three-quarters of the S&P 500’s constituents fell, with pharmacy operator Walgreens Boots Alliance the worst performer with a 9.9 per cent drop....
...Gains for stocks accelerated in the final hour of trading to leave the S&P 500 up 0.9 per cent on Wednesday....
...S&P Global Ratings has made a hefty revision to its US economic forecast, citing a bigger than expected expansion at the end of last year and a labour market that looks more solid than a month ago....
...US stocks continued their soggy start to the second quarter, with the S&P 500 notching back-to-back losses that pulled it back from last week’s record high....
...The benchmark S&P 500 closed 0.7 per cent lower on Tuesday, its biggest one-day drop since early March....
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