S&P 500 rises sharply as traders digest jobs, manufacturing data ahead of Fed minutes

S&P 500 rises sharply as traders digest jobs, manufacturing data ahead of Fed minutes

U.S. stocks were up Wednesday at midday as investors digest the latest jobs data and a fresh reading on manufacturing activity ahead of the Federal Reserve’s release of its policy meeting minutes. How stock indexes are trading The Dow Jones Industrial Average DJIA, +0.71% was up 246 points, or 0.7%, at 33,385. The S&P 500…

Chinese are snapping up flights abroad as Beijing drops more travel restrictions

Chinese are snapping up flights abroad as Beijing drops more travel restrictions

Chinese are rushing to book international trips as Beijing lifts restrictions on re-entering the country from abroad. Minutes after authorities this week announced they would end quarantine and testing requirements for inbound passengers, the country’s top travel sites were flooded with searches and bookings for overseas flights. The scramble for the exits comes as China…

Dow down over 200 points as investors digest mixed economic data ahead of Powell speech

Dow down over 200 points as investors digest mixed economic data ahead of Powell speech

U.S. stocks were mostly lower around midday Wednesday as traders looked ahead to a speech from the Federal Reserve chairman and digested a round of economic data, including a weaker-than-expected reading on private-sector payrolls and an upward revision to third-quarter economic growth. On Tuesday, the Dow eked out a gain of 3.07 points , the…

U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

U.S. stocks have worst day in nearly three weeks as hawkish Fed speak, China worries rattle markets

U.S. stocks had their worst day in nearly three weeks on Monday as protests in China raised global-growth risks and Federal Reserve officials said more interest-rate increases will be needed to subdue inflation. How stocks traded The Dow Jones Industrial Average DJIA, -1.45% finished down by 497.57 points, or 1.5%, at 33,849.46, not far from…

Why China’s COVID policies are rattling investors again

Why China’s COVID policies are rattling investors again

Investors in China-related assets who had expected a significant easing of COVID curbs were left disappointed this week as the country battles the worst wave of cases since Shanghai’s outbreak earlier this year.  China-related ETFs tumbled this week, with shares of the iShares MSCI China ETF MCHI, -1.82% losing 3.4%. The KraneShares CSI China internet…

Why China’s Communist Party Congress left investors unnerved

Why China’s Communist Party Congress left investors unnerved

Financial-market investors were craving economic policy guidance from the China’s Communist Party Congress, but when the ruling party wrapped up its twice-a-decade political gathering on Saturday to the tune of “The Internationale”, a socialist anthem, investors finally realized they didn’t hear what they wanted, and they saw the red flags.  “For investors the formal ending…

Hong Kong stocks suffer worst single-day rout since 2008 as Xi consolidates power

Hong Kong stocks suffer worst single-day rout since 2008 as Xi consolidates power

Hong Kong stocks suffered their worst single session since the 2008 financial crisis after Chinese leader Xi Jinping tightened his grip on power. The Hang Seng HSI, -6.36% ended more than 6% lower to a new 13-year low, with tech giants including JD.com 9618, -13.17% JD, -0.02%, Baidu 9888, -12.20% BIDU, -2.29%, Tencent 700, -11.43%…

Alibaba shares keep sliding in Hong Kong following delisting threat from SEC

Alibaba shares keep sliding in Hong Kong following delisting threat from SEC

Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be delisted. Alibaba shares fell as much as much as 5.1% in early trading in Hong Kong late Sunday night, Eastern time, though it had recently…