Rotten Tomato Stocks
No Result
View All Result
  • News
    Pending Home Sales Declined in April to Two-Year Low

    Pending Home Sales Declined in April to Two-Year Low

    Glencore Pays up to $1.5B to Resolve Corruption Claims

    Glencore Pays up to $1.5B to Resolve Corruption Claims

    Slumping Technology Stocks Pull Wall Street Lower

    Slumping Technology Stocks Pull Wall Street Lower

    Asian Shares Mostly Lower as Inflation Worries Cloud Outlook

    Asian Shares Mostly Lower as Inflation Worries Cloud Outlook

  • NYSE
    Gap stock drops as Old Navy’s struggles sink sales and outlook

    Gap stock drops as Old Navy’s struggles sink sales and outlook

    Consolidated Edison Inc. stock falls Thursday, underperforms market

    Consolidated Edison Inc. stock falls Thursday, underperforms market

    Molina Healthcare (NYSE:MOH) Stock Price Down 3.5% Following Analyst Downgrade

    Molina Healthcare (NYSE:MOH) Stock Price Down 3.5% Following Analyst Downgrade

    Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

    Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

  • NASDAQ
    Workday stock drops after earnings miss, slightly higher outlook

    Workday stock drops after earnings miss, slightly higher outlook

    Gilead Sciences Inc. stock falls Thursday, underperforms market

    Gilead Sciences Inc. stock falls Thursday, underperforms market

    NVIDIA (NASDAQ:NVDA) Shares Gap Down After Analyst Downgrade

    NVIDIA (NASDAQ:NVDA) Shares Gap Down After Analyst Downgrade

    Nutanix stock dives more than 30% after earnings include poor forecast

    Nutanix stock dives more than 30% after earnings include poor forecast

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

  • News
    Pending Home Sales Declined in April to Two-Year Low

    Pending Home Sales Declined in April to Two-Year Low

    Glencore Pays up to $1.5B to Resolve Corruption Claims

    Glencore Pays up to $1.5B to Resolve Corruption Claims

    Slumping Technology Stocks Pull Wall Street Lower

    Slumping Technology Stocks Pull Wall Street Lower

    Asian Shares Mostly Lower as Inflation Worries Cloud Outlook

    Asian Shares Mostly Lower as Inflation Worries Cloud Outlook

  • NYSE
    Gap stock drops as Old Navy’s struggles sink sales and outlook

    Gap stock drops as Old Navy’s struggles sink sales and outlook

    Consolidated Edison Inc. stock falls Thursday, underperforms market

    Consolidated Edison Inc. stock falls Thursday, underperforms market

    Molina Healthcare (NYSE:MOH) Stock Price Down 3.5% Following Analyst Downgrade

    Molina Healthcare (NYSE:MOH) Stock Price Down 3.5% Following Analyst Downgrade

    Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

    Snowflake stock slides after earnings as company says macro issues are impacting some customer activity

  • NASDAQ
    Workday stock drops after earnings miss, slightly higher outlook

    Workday stock drops after earnings miss, slightly higher outlook

    Gilead Sciences Inc. stock falls Thursday, underperforms market

    Gilead Sciences Inc. stock falls Thursday, underperforms market

    NVIDIA (NASDAQ:NVDA) Shares Gap Down After Analyst Downgrade

    NVIDIA (NASDAQ:NVDA) Shares Gap Down After Analyst Downgrade

    Nutanix stock dives more than 30% after earnings include poor forecast

    Nutanix stock dives more than 30% after earnings include poor forecast

  • OTC
    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    China Eastern Airlines 3Q Loss Widens on Low Travel Demand

    Corus Entertainment 4Q Profit Falls

    Corus Entertainment 4Q Profit Falls

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Nintendo Co. Ltd. ADR falls Monday, still outperforms market

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

    Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

  • TSX
    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    US Seeks to Fine Air Canada $25.5 Million Over Slow Refunds

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    S&P/TSX composite falls on drop in materials sector, loonie tops 81 cents US

    Bitcoin Is Falling: Should You Buy the Dip?

    Bitcoin Is Falling: Should You Buy the Dip?

    CN Rail Stock Is So Undervalued That it’s Absurd

    CN Rail Stock Is So Undervalued That it’s Absurd

No Result
View All Result
Rotten Tomato Stocks
No Result
View All Result

Asia Stock Markets Decline Amid Inflation, Oil Price Worries

Editorial Staff by Editorial Staff
November 24, 2021
0
Asia Stock Markets Decline Amid Inflation, Oil Price Worries

Asian shares are falling as worries about inflation set off expectations the U.S. Federal Reserve might accelerate its plans to raise interest rates.

TOKYO — Asian shares fell Wednesday as worries about inflation set off expectations the U.S. Federal Reserve might raise interest rates.

Japan’s Nikkei 225 dropped 1.1% to 29,436.73 in early trading, following a national holiday Tuesday. South Korea’s Kospi slipped 0.3% to 2,988.40. Australia’s S&P/ASX 200 edged down nearly 0.1% to 7,403.30. Hong Kong’s Hang Seng shed 0.3% to 24,588.48, while the Shanghai Composite fell 0.4% to 3,575.93.

“Markets continue to shift their expectations toward a tighter Fed monetary policy,” said Yeap Jun Rong, a market strategist at IG, adding that investors will be watching for U.S. data being released later in the day.

Some Asian central banks have already begun to raise interest rates to tamp down inflation. New Zealand’s raised its benchmark interest rate by 0.25% Wednesday to 0.75%.

In October the Reserve Bank raised it from a record low 0.25% to 0.5%, the first such hike in more than seven years, removing some support it put in place when the coronavirus pandemic began.

The Fed will release minutes later in the day from its October policy meeting, potentially giving investors more details on the central bank’s plan to start trimming bond purchases that have helped keep interest rates low.

Investors have been watching to see if pressure from rising inflation will goad the Fed into speeding up its plans for trimming bond purchases and raising its benchmark interest rate.

Wall Street closed out a wobbly day of trading, as gains in banks and energy companies tempered losses elsewhere in the market. The S&P 500 managed to rise 0.2% to 4,690.70 after wavering between small gains and losses for much of the day.

The Dow Jones Industrial Average rose 0.5% to 35,813.80, while the Nasdaq composite closed 0.5% lower, at 15,775.14. Small company stocks also lost ground. The Russell 2000 index fell 0.1% to 2,327.86.

More than 60% of the stocks in the S&P 500 rose. Gains in banks, energy stocks and household goods companies were tempered by losses in technology and communication stocks, and a mix of companies that rely on consumer spending.

Retailers were mixed ahead of the official start of the holiday shopping season. Discount retailer Dollar Tree jumped 9.2% for the biggest gain in the S&P 500. Starbucks rose 1.9%. Best Buy slumped 12.3%, the biggest drop in the S&P 500, as concerns about tighter margins outweighed solid earnings.

Technology and communications companies also weighed on the broader market. Adobe fell 1.3% and Intel dropped 1.5%.

Zoom Video sank 14.7% a day after the video conferencing company reported that its third-quarter revenue growth slowed.

The yield on the 10-year U.S. Treasury rose to 1.68% from 1.63% late Monday, but fell to 1.65% by midday Wednesday in Asia.

The price of U.S. crude oil rose 2.3% and wholesale gasoline rose 3.4% on Tuesday after President Joe Biden ordered 50 million barrels of oil released from the nation’s strategic reserve to help bring down energy costs. The move was made in concert with other big oil-consuming nations, including Japan.

Although Japan’s overall data has not shown an inflation problem on the scale of other nations, critics say it’s just not as blatantly visible, in sectors slammed by soaring energy prices, from businesses that rely on fuel to plastic bags that are a petroleum product.

The release of the oil reserves may not necessarily bring down oil prices, but analysts say it may serve as a message to OPEC.

In energy trading, benchmark U.S. crude rose 5 cents to $78.55 a barrel. Brent crude, the international standard, shed 21 cents to $81.12 a barrel.

Stocks are likely to see more mixed trading this week, with U.S. markets closing on Thursday for Thanksgiving and then closing early on Friday.

Wall Street will get a few pieces of economic data on Wednesday that could give investors a better sense of the economic recovery’s pace and breadth. The Labor Department will release its weekly report on unemployment benefits. The Commerce Department releases data on third-quarter gross domestic product and its new home sales report for October.

In currency trading, the U.S. dollar fell to 115.09 Japanese yen from 115.15 yen. The euro cost $1.1236, down from $1.1249.

Related Posts

Pending Home Sales Declined in April to Two-Year Low
News

Pending Home Sales Declined in April to Two-Year Low

May 26, 2022
Glencore Pays up to $1.5B to Resolve Corruption Claims
News

Glencore Pays up to $1.5B to Resolve Corruption Claims

May 26, 2022
Slumping Technology Stocks Pull Wall Street Lower
News

Slumping Technology Stocks Pull Wall Street Lower

May 24, 2022
Asian Shares Mostly Lower as Inflation Worries Cloud Outlook
News

Asian Shares Mostly Lower as Inflation Worries Cloud Outlook

May 23, 2022
Load More
Next Post
Is MiMedx Group (NASDAQ:MDXG) Using Debt Sensibly?

Is MiMedx Group (NASDAQ:MDXG) Using Debt Sensibly?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

POPULAR NEWS

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

CNH Industrial (NYSE:CNHI) Use Of Debt Could Be Considered Risky

April 14, 2021
10 Warning Signs That Should Tell You “This Stock is in Trouble”

10 Warning Signs That Should Tell You “This Stock is in Trouble”

November 11, 2019
Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

Ocado Group PLC Revenue of Ocado Retail in Q3 Fell 10.6%

September 14, 2021
CN Rail Stock Is So Undervalued That it’s Absurd

CN Rail Stock Is So Undervalued That it’s Absurd

May 2, 2021
Nektar, worst performing stock in S&P 500, gets booted from the index

Nektar, worst performing stock in S&P 500, gets booted from the index

November 12, 2019

EDITOR'S PICK

Why Virgin Galactic Stock Dropped on Monday

Why Virgin Galactic Stock Dropped on Monday

May 5, 2021
Here’s Why Core Laboratories (NYSE:CLB) Has A Meaningful Debt Burden

Here’s Why Core Laboratories (NYSE:CLB) Has A Meaningful Debt Burden

April 16, 2021
Intuit to Pay $141M Settlement Over ‘Free’ TurboTax Ads

Intuit to Pay $141M Settlement Over ‘Free’ TurboTax Ads

May 7, 2022
Why Bitcoin, Ethereum, and Other Cryptocurrencies Are Still Falling

Why Bitcoin, Ethereum, and Other Cryptocurrencies Are Still Falling

August 3, 2021

Stay Updated

Get breaking news delivered straight into your inbox

Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Rotten Tomato stocks is a wholly-owned subsidiary of Grainne Capital Limited.
While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

Rotten Tomato Stocks cover the companies and markets that are declining, failing or headed for disaster. We help investors spot the down tends and recognize when something smells rotten.

RECENT POSTS

Pending Home Sales Declined in April to Two-Year Low

Gap stock drops as Old Navy’s struggles sink sales and outlook

Consolidated Edison Inc. stock falls Thursday, underperforms market

POPULAR POSTS

Molina Healthcare (NYSE:MOH) Stock Price Down 3.5% Following Analyst Downgrade

Workday stock drops after earnings miss, slightly higher outlook

Gilead Sciences Inc. stock falls Thursday, underperforms market

© Copyright 2021 RottenTomatoStocks. All Rights Reserved 

Disclaimer | Privacy Policy

No Result
View All Result
  • HOME
  • NEWS
  • NYSE
  • NASDAQ
  • OTC
  • TSX

© 2021 RottenTomatoStocks.com

error: Content is protected !!
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.