Market Pulse - Usa
US close: Major indices end session lower despite tech reversal
Wall Street stocks closed lower on Tuesday despite big-name tech stocks staging a late reversal.
Fed's Mester and ex- NY Fed's Dudley diverge on policy views
The debate around whether the US central bank's policies were too 'accommodative' or not and the cost-benefit trade off attached to them was continued on Tuesday.
US open: Stocks head south as rotation out of tech stocks continues
Wall Street stocks opened lower on Tuesday as yesterday's tech sell-off continued for another session.
Chinese hotel chain Atour plans $2bn US IPO
China's Atour is looking into a potential initial public offering in the US that could value the hotel chain at $2bn.
Opec reiterates global oil demand forecast for 2021
Opec reiterated its 2021 forecasts for world oil demand on Tuesday, as it nudged its predictions for global economic growth higher.
NFIB small-business optimism index advances to pandemic-era high in April
Both small and large US businesses moved to increase wages and benefits as part of an effort to attract workers amid rising demand for their goods and services, according to the National Federation of Independent Business' small-business optimism index advancing 1. 6 points in April to a pandemic-era high of 99. 8.
Tesla halts purchase of Shanghai land over US-China tensions
US electric car maker Tesla halted plans to buy land in Shanghai to expand its plant and turn it into a global export hub due to the ongoing geopolitical tensions.
US pre-open: Futures in the red as tech sell-off continues
Wall Street futures had stocks opening lower ahead of the bell on Tuesday as yesterday's tech sell-off looked set to continue for another session.
Tech giants call for US funding of semiconductor chip production
Top tech giants Apple, Microsoft and Google joined top chip-makers in calling for the US government to subsidise chip manufacturing amid a global supply shortage.