Gross domestic product

US manufacturing is slowing modestly; Excess stocks are a major concern

The manufacturing index fell to 52.8 in July from 53.0 in June Contract new orders, improve supplier deliveries slowing increases in input prices; Accumulation of stocks WASHINGTON (Reuters) – U.S. manufacturing activity slowed less-than-expected in July, and there were signs that supply constraints were easing, with a measure of prices paid for inputs from factories …

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S&P 500 and Nasdaq post biggest monthly gains since 2020

Apple sees continued strength in iPhone demand Amazon expects higher revenue in the third quarter Intel cuts annual forecasts, stocks slump Oil giants Exxon and Chevron jump after achieving record revenues Indices: Dow Jones rose 1%, Standard & Poor’s 500 rose 1.4%, Nasdaq rose 1.9%. NEW YORK (Reuters) – US stocks added to their latest …

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Global stocks eye the best month since late 2020, as the dollar drops

The MSCI World Index rose 0.3%; Almost 6% for the month The dollar fell 0.5% against a basket of its major peers Markets are betting on the US slowdown to ease interest rate tightening LONDON/SINGAPORE (Reuters) – Global stocks rose on Friday, on track for their best month since late 2020 as traders bet the …

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Wall St ends sharply for the second day; Amazon.com, Apple jump after hours

The US economy contracted in the second quarter Meta Platforms revenue drops for the first time Ford stock gains after the results Indices: Dow Jones rose 1%, Standard & Poor’s 500 rose 1.2%, Nasdaq rose 1.1%. NEW YORK (Reuters) – U.S. stocks rebounded on Thursday for a second day in a row, with all three …

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White House under fire after Biden adviser accused of ‘redefining recession’

The White House was accused of “redefining” the word “recession” on Wednesday after 2008 comments from the current White House economic adviser resurfaced – seemingly contradicting his statements on the matter only this week. On Tuesday, Brian Dees insisted that “two negative quarters of GDP growth are not the technical definition of a recession.” “This …

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The Federal Reserve revealed another big rate hike as signs of an economic slowdown grow

US Federal Reserve Chairman Jerome Powell takes questions during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – With the Federal Reserve expected to raise its key interest …

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The Dow Jones rose at the start of the big earnings week, and the big tech companies dragged the Nasdaq lower

Wells Fargo interrupts Microsoft PT Big Tech will announce its earnings later in the week The Federal Open Market Committee will begin a two-day policy meeting starting Tuesday Newmont miner drops after raising annual cost forecast The Dow Jones rose 0.32%, the Standard & Poor’s 0.26%, and the Nasdaq 0.22%. July 25 (Reuters) – The …

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Wall Street closed lower as ad technology and social media stocks fell

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register Snap Inc shares fall due to slowing growth Telecom services inventories led the sectoral declines AmEx raises revenue forecast on flexible card spending …

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Standard & Poor’s 500 and Nasdaq decline as social media shares decline

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, July 21, 2022. REUTERS/Brendan McDermid Register now to get free unlimited access to Reuters.com Register Twitter drops as revenue drops Snap shares fall amid slowing growth AmEx raises revenue forecast on flexible card spending Indices: Dow Jones is …

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S&P 500 and Nasdaq edge higher on Tesla’s gains

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, US, June 30, 2022. REUTERS/Brendan McDermid/File Photo Register now to get free unlimited access to Reuters.com Register Tesla shares rise as earnings rise to top expectations Energy stocks led sectoral declines AT&T retreats from the telecom services sector Indexes …

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