e-commerce

Major Wall Street indices closed mixed on Tuesday as a disparate set of corporate earnings dampened the existing euphoria over the possibility of a slowdown in rate hikes. Although the Dow Jones closed 0.31% higher, the Nasdaq Composite ended the session 0.27% lower and the S&P 500, too,...

Major Wall Street indices closed in the green on Monday as investors and traders began considering the possibility of a slowdown in the pace of the Federal Reserve’s rate hikes. A report in The Wall Street Journal indicated central bank officials are preparing to slow the rate hike pace for a...

Major Wall Street indices closed over 1.2% lower on Wednesday, dragged by renewed concerns of a recession as U.S. retail sales declined by the most in 12 months, down 1.1% in December as against expectations of a fall of 0.8%. This is the second straight monthly decline in the figure. The U.S...

Major Wall Street indices closed mixed on Tuesday, with the Dow Jones falling over 1%, pressured by Goldman Sachs Group Inc (NYSE: GS) earnings. The S&P 500 closed marginally lower at 0.2%, while the Nasdaq Composite ended the session 0.14% higher. Meanwhile, here are the five stocks that...

Alibaba Group Holdings, Ltd. - ADR (NYSE: BABA) is trading about 1% lower on Tuesday in consolidation after surging 35% between Dec. 30 and Friday. On Monday, it was reported activist investor Ryan Cohen had acquired a stake in the Chinese e-commerce and tech giant during the second half of...

Major Wall Street indices closed in the green on Thursday after U.S. December inflation fell in line with expectations. The consumer price index rose 6.5% in December, down from 7.1% in November, according to data from the Labor Department. Core inflation, which excludes volatile food and energy...

Major Wall Street indices closed in the green on Tuesday as investors and traders kept their eyes glued to the crucial consumer price inflation data due on Thursday. Federal Reserve Chair Jerome Powell did not specifically address policy outlook in his Tuesday speech but...

Amazon.com, Inc (NASDAQ: AMZN) is planning to terminate the services of more than 18,000 workers. What Happened: The staff reduction at Amazon is the highest in the past year at a major technology company, reported the Wall Street Journal. The layoffs are to begin over the coming week and are...

Major Wall Street indices closed in the green on Wednesday despite the Federal Reserve's meeting minutes indicating a continued hawkish tone from the central bank. According to the summary of the minutes, participants generally observed that a restrictive policy stance would need to be...

Amazon.com, Inc (NASDAQ: AMZN) opened higher on Wednesday, just under the top price of Tuesday’s range, before starting to sell off by about 1.4%. The e-commerce and streaming giant announced on Wednesday it has secured an $8-billion loan from several firms, including DBS Bank and Mizuho...

Major Wall Street indices closed in the red on Tuesday, the first trading day of 2023, as concerns over rising rates and inflation still seem to drive investor sentiments. The Nasdaq Composite closed 0.76% lower while the Dow Jones ended Tuesday’s session marginally in the red. The S&P...

U.S. markets witnessed another sell-off on Thursday, erasing all optimism surrounding a "Santa Claus" rally following a rebound in the previous session as investors and traders began considering the effects of a recession. Major Wall Street indices closed over 1% lower on...

U.S. markets soared on Wednesday as consumer confidence surged to an eight-month high in December following a drop in inflation and the labor market remaining strong. Twelve-month inflation expectations fell to their lowest level since Sept. 2021, at 6.7%, according to Reuters. At the same time,...

Major Wall Street indices closed in the green on Tuesday, albeit just marginally higher, ending a four-day losing streak as investors and traders are watching out for a much anticipated year-end rally. Surprisingly, market participants decided to shrug off a surprise move by the Bank of Japan to...

Major Wall Street indices had closed in the red on Friday in the wake of a continued sell-off following the hawkish stance asserted by the Federal Reserve. Friday witnessed volatile trading as a large number of options expired on the day, according to a CNBC report. There was $2.6 trillion worth of...