Hints and tips:
...The S&P 500 was down 0.2 per cent, having spent much of the morning in positive territory, while the Nasdaq Composite was down 0.1 per cent....
...Wall Street’s benchmark S&P 500 added 1 per cent. The tech-heavy Nasdaq Composite gained 1.3 per cent, recouping losses from the previous session....
...The agreement this weekend between the White House and Republican congressional leaders on the US borrowing limit “relieve[s] a big piece of uncertainty about the economy”, she added....
...Fedspeak: Federal Reserve Bank of Philadelphia president Patrick Harker will speak on the economic outlook before the National Association for Business Economics monetary policy and outlook webinar....
...The shift in expectations — which was accompanied by a sharp rally in the S&P 500 — was propelled by fresh evidence that inflationary pressures are beginning to level off in some sectors....
...Andrew Harker, economics director at S&P Global, said the data “point to an economy in contraction during the third quarter”....
...Contracts tracking Wall Street’s blue-chip S&P 500 and those tracking the tech-heavy Nasdaq 100 rose 0.1 per cent ahead of the New York open. Five more stories in the news 1....
...The S&P 500 closed 0.3 per cent lower. In December, the Fed opted to slow the pace of rate rises since it had raised them significantly over a short period of time....
...The S&P 500 index finished 5.5 per cent higher — its biggest gain since April 6 2020. The Nasdaq Composite, which is dominated by technology and high-growth companies, closed up 7.4 per cent....
...Corporate giants resist making political spending disclosures Berkshire Hathaway, Tesla and CME Group are among more than two dozen S&P 500 companies that disclose no information about their political spending...
...Andrew Harker, economics director at S&P Global, said: “The twin headwinds of the cost of living crisis and the war in Ukraine started to bite on the UK service sector during April.”...
...The Philadelphia Fed’s Patrick Harker cautions that the Fed should not “ruin the economy” by being “too aggressive” on inflation....
...Patrick Harker, president of the Philadelphia branch of the Federal Reserve, said if the trend continues he would support more than three interest rate rises this year....
...Philadelphia Fed president Patrick Harker, who told the FT this week that he was open to more than three US rate rises this year, is also due to speak today....
...Patrick Harker, president of the Federal Reserve Bank of Philadelphia, told Nikkei that “markets are functioning well”. Emergency monetary stimulus “is no longer relevant”, he said....
...Crossword 16,395: David Micklethwait, London; Peter Tilford, Florida; David Westacott, Vienna Polymath 1,060: Liz Wicken, Cambridge, England Crossword 16,389: David Riddle, Woodford Green, Greater London; AH Harker...
...In March, Patrick Harker, president of the Philadelphia Fed, told the FT: “We have more than enough capacity to hand over demand,” he said, adding that demand had increased....
...US earnings With more than two-thirds of the companies listed on the S&P 500 having reported results already, the pace of earnings announcements slows next week....
...The S&P 500 failed to hold on to earlier gains and ended the day down 0.1 per cent....
...The S&P 500 ticked 0.1 per cent lower after drifting between gains and losses, with investors turning their attention to the central bank’s annual summit where chairman Jay Powell will speak on Friday....
...A prolific novelist, O’Connor is best known for his best-selling novel of the Irish famine, Star of the Sea, but 2010’s Ghost Light also centres around the theatre in telling the love story of Irish playwright...
...Both the S&P 500 and the Nasdaq Composite hit a record high at the open while the Dow fluctuated between modest losses and gains....
...Sir, Malcolm Harker (Letters, October 25) unaccountably fails to mention the inestimable contribution made by C S Forester’s Horatio Hornblower to Napoleon’s defeat....
...Two regional presidents of the Federal Reserve, Neel Kashkari and Patrick Harker, will also be speaking in the afternoon....
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