Gains were however, limited as shares of Facebook extended their losses from Monday and fell 5.2% on reports that US Federal Trade. The S&P 500 .SPX gained 7.04 points, or 0.26 percent, to 2,719.96.
US stocks sank about 2 percent on Monday, with the Dow Jones Industrial Average shedding almost 400 points, as Facebook led a selloff in technology stocks on reports that the social media company's user information was misused.
The U.S. central bank as expected raised its policy rate to 1.50-1.75 percent, but disappointed currency traders who had bet it was prepared to raise rates four times this year as the jobs market approaches full employment. Facebook Inc. (FB) shares slumped 2.5% as global regulators turned up the heat on the social network company. The yen, typically bought during times of stress, rose to the day's high versus the dollar around 106.26. "But if we see retaliation, and significant trade disruptions, it's a different order of magnitude (which) could begin to affect global growth forecasts", said Andrew Milligan, head of global strategy at Aberdeen Standard Investments.
The tech selloff was a serious setback to markets just as they recovered from an early-February selloff, Milligan said, noting tech had been "the leading light of US and Asian equity markets for over a year". Names sensitive to higher rates such as utilities.SPLRCU, down 0.39 percent, and real estate.SPLRCR, off 0.93 percent, were under pressure.
Crude oil hit a six-week high after a surprise decline in USA inventories, strong compliance on OPEC production cuts, and persistent concern related to the Iran nuclear deal.
World shares fell on Wednesday and the United States dollar eased off three-week highs as markets awaited a likely increase in USA interest rates and guidance on how many more to expect for this year.
One worry among equity investors is faster rate hikes could dent the appeal of stocks relative to bonds as fixed income securities become less pricey than they've been in the low-rate era. Cambridge Analytica worked on Facebook ads with President Donald Trump's campaign in 2016.
The world's financial leaders were seeking to clearly endorse free trade and renounce protectionism amid concern that US tariffs on steel and aluminum and looming actions against China could trigger a trade war that would hurt global growth.
Benchmark 10-year note yields increased to 2.936 percent, the highest since March 12, before retracing to 2.894 percent.
Fears of a trade war have also weighed on commodity prices, though tensions in the Middle East supported oil, lifting Brent futures nearly half a percent. U.S. West Texas Intermediate (WTI) crude futures gained $1.63, or 2.6 percent, to settle at $65.17, their highest since February 2.
He made no mention of a possible Chinese response to any increase in US import controls. "We have more revenue than expenditure". China is capable of forestalling systemic financial risks, Li said here ruling out the possibility of such risks in the country.
Special assistant attorney general Paul Barnes argued the state has an interest in protecting maternal health and "unborn life". Gunn told the Associated Press he is proud that MS is taking steps to protect "the most vulnerable of human life"- the unborn.
In a statement to Time , the Finance Ministry denied involvement of any government officials in the creation of petro . Trump signed an executive order on Monday, banning American purchases and use of Venezuela's petro cryptocurrency .
Martin Hardware in Charlottesville was busy Wednesday morning with last minute shoppers gearing up with shovels and sleds. Some workers had been skeptical about the snow storm, and said not too many people came by Tuesday for winter supplies.
Abe on Monday accepted the blame for the scandal which involved the tampering of certain official documents. Roughly 3,000 LDP partisans from around Japan gather Sunday for the party's annual convention.
Theresa May's DUP allies are adamantly opposed to any deal creating a difference between Northern Ireland and the rest of the UK. During the transition period, agreements dating from the U.K.'s European Union membership would continue to apply.
She lauded the stars's accomplishments as an entertainer and activist, but maintained that she lacks experience to be governor. "I'm running for governor because I love this state", said Nixon in her remarks at a local church.
Later, at her daily press briefing, White House press secretary Sarah Sanders defended the president's handling of the call. Trump's overture to Putin was criticized by top senators in his own Republican party, who called Sunday's election a sham.
Could Aubrey O'Day's Song "DJT" Be About Donald Trump Jr?
US Magazine , the day after the 2016 election, reported on an O'Day tweet , its criticism and her cryptic clue to an affair. In 2013, Aubrey also released a song called " DJT ", which is about an affair, where the man returns to his former life.
United Kingdom inflation falls to 2.7 percent in February
Economists and the Bank believe inflation's upward march has run its course and will start to unwind over the coming months. Inflation cooled in February as the impact of the Brexit-hit pound on everyday prices began to "work through the system".
New 5-passenger Volkswagen Atlas Announced
Woebcken, president and chief exec of VWOA (Volkswagen of America) lauded the Atlas and its contribution to VW's marketing effort. Approximately US$340 million (about RM1.3 billion) will be invested by Volkswagen to bring the five-seat Atlas to market.
Reward offered for missing rugby player
The tournament reportedly was offering a $1,000 reward for information on Dombroski's location, according to NBC Philadelphia . We extend our deepest sympathies to the Dombroski family along with Mark's teammates, classmates and friends.