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Wall Street’s ‘fear index’ surges by most in 10 months as Dow and S&P 500 set to tumble on COVID variant worries

A measure of implied volatility on Wall Street on Black Friday touched the highest level since around September as futures for the Dow Jones Industrial Average [: DJIA]
YMZ21,
+0.14%
and the S&P 500 index
SPX,
+1.32%
ESZ21,
+0.08%,
looked set to tumble amid concerns of a fast-spreading strain of coronavirus, which was identified in South Africa, Hong Kong and Israel and was already leading to travel restrictions. The CBOE Volatility Index
VIX,
-19.78%
jumped by about 40% Friday morning, trading around 25.4, which would mark the highest level for the index since around Sept. 20 and mark the

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Wall Street workers set for highest bonuses since 2009

A street sign, Wall Street, is seen outside New York Stock Exchange (NYSE) in New York City, New York, U.S., January 3, 2019. REUTERS/Shannon Stapleton

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NEW YORK, Nov 16 (Reuters) – Year-end bonuses for Wall Street staffers are set to be the highest since 2009 this year, with investment bankers and equities traders in line for the biggest bonuses, compensation firm Johnson Associates Inc said on Tuesday.

Overall, incentives at the end of this year, which include cash bonuses and equity awards, will be significantly higher compared with last year, when

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Wall Street bonuses are set to surge at least 20% this year

Compensation consulting firm Johnson Associates is predicting a surge in bonuses for financial service professionals from a year ago, a period where many on Wall Street took home less cash due to the impact the pandemic had on the global economy and dealmaking.

“Virtually all financial services industry segments, including investment banking, asset management and alternative investments are performing at record levels,” Alan Johnson, managing director of Johnson Associates, said in the report.

“This, in turn, will translate into incentive award increases we haven’t seen in the industry since before the Great Recession,” he added.

The biggest bonus jumps are … Read More

Wall Street is set for biggest bonus increases since 2009

The Wall St. sign is seen near the New York Stock Exchange (NYSE) in New York City, May 4, 2021.

Brendan McDermid | Reuters

Wall Street is set to see the biggest bonus increases since the Great Recession after a busy and profitable 2021, according to a report from pay consultancy Johnson Associates.

Booming deal activity, a hot IPO market and climbing equities mean bankers and traders are in line for outsized performance-based compensation, the report released Tuesday said.

But the sharp rebound in business activity this year has translated to unprecedented workloads for Wall Street professionals — and a

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ASX set to open lower as Wall Street wobbles

The Nasdaq edged up 0.12 points, or less than 0.1 per cent, to 15,235.84, and the Russell 2000 index of small companies took the heaviest losses, falling 43.58 points, or 1.9 per cent, to 2,252.49.

Long-term bond yields fell significantly and weighed down banks, which rely on higher yields to charge more lucrative interest on loans. The yield on the 10-year Treasury fell to 1.53 per cent from 1.61 per cent late Tuesday. JPMorgan Chase fell 2.1 per cent.

The yield on the 30-year Treasury fell below 2 per cent for the first time in a month to 1.96 per

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Wall Street banks set to profit again when Fed withdraws pandemic stimulus

A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New York City, New York, U.S., June 28, 2021. REUTERS/Andrew Kelly/File Photo

NEW YORK, Oct 15 (Reuters) – Wall Street banks have been among the biggest beneficiaries of the pandemic-era trading boom, fueled by the Federal Reserve’s massive injection of cash into financial markets.

With the central bank nearing the time when it will start winding down its asset purchases, banks are set to profit again as increased volatility encourages clients to buy and sell more stocks and bonds, analysts, investors and executives

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ASX set to slide lower as Wall Street fades; iron ore surges

Stocks closed broadly lower after a day of choppy trading on Wall Street on Monday (US time) as investors prepare for a busy week of corporate earnings and inflation updates.

The major indexes made early gains, but slowly fizzled as the day progressed. The S&P 500 fell 30.15 points, or 0.7 per cent, to 4,361.19. The benchmark index gained as much as 0.6 per cent in the early going.

Wall Street made a bright start to the session but lost steam in the afternoon.Credit:AP

The Dow Jones Industrial Average fell 250.19 points, or 0.7 per cent, to 34,496.06

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Report: Tino Anjorin Set for Lokomotiv Moscow Loan – Option to Buy & Buy-Back Clauses Included

Tino Anjorin is on the verge of joining Lokomotiv Moscow on loan with an option to buy, according to reports.

The 19-year-old is highly rated at Chelsea and by Thomas Tuchel but he is set to depart this summer, joining a crop of young talent to head for the exit doors. 

He has received plenty of interest from across Europe but Lokomotiv Moscow appear to have won the race.

As per Nizaar Kinsella of Goal, Anjorin is set to move to Russia for the 2021/22 campaign.

The deal will include an option to buy of £17 million

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Trevoh Chalobah ‘no longer available for loan’, set for contract extension

Trevoh Chalobah has been the homegrown breakout star of the summer, and it would appear that we’re not the only ones impressed.

According to Goal’s Nizaar Kinsella, Chalobah has been taken off the “loan list” at Thomas Tuchel’s behest, and is instead set for contract extension talks. The 22-year-old has two years left on the contract he signed last summer, just before going to Lorient in France on the third and evidently last of his three loan stints in the Loan Army.

Chalobah has garnered plenty of loan interest this summer as well, and he had also been linked with

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Wall Street set to bounce as Dow looks for another record

BY THE NUMBERS

IN THE NEWS TODAY

The seven-day average of new daily coronavirus cases in the U.S. reached 72,790 on Friday, surpassing the peak seen last summer, when the nation didn’t have a Covid vaccine, according to CDC data. As of Monday, the seven-day average was 85,459. The CDC said that 80% of all U.S. counties have high and substantial Covid transmission levels. (CNBC)

To combat the spike, Louisiana on Monday became the second state to revive its mask mandate, joining Nevada. San Francisco and neighboring counties reinstated mask mandates. McDonald’s (MCD), Target (TGT) and Kohl’s (KSS) were the

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