Bullish stock investors have gotten punched in the month so far this week, after a relatively cheery kickoff to 2023 following an ugly 2022. Cathie Wood, however, has some thoughts about what might tr...
Tag: DJIA
Stock Sell-Off Intensifies As Investors Quit Cheering On Bad Economic News
Topline Stocks slipped for a third consecutive session Thursday, with the Dow Jones Industrial Average wiping out all of its 2023 gains following a strong start to January, as the market continued to ...
U.S. stocks flash rare bull-market signal for first time in nearly 3 years, but some have their doubts
A technical signal that has portended previous turning points for the U.S. stock market has arrived for the first time in nearly three years, according to data supplied by its creator. But some on Wal...
Dow drops over 600 points, posts worst day of year after weak economic data, hawkish Fed remarks erase inflation cheer
U.S. stock indexes finished sharply lower on Wednesday, with both the Dow Jones Industrial Average and the S&P 500 index booking their worst day in over a month, after data on falling retail sales...
What JPMorgan and Other Banking Giants Are Saying About a Possible Recession
America’s banking giants are looking into their economic crystal balls, and not all of them like what they see. JPMorgan , Bank of America , and other top U.S. banks recently offered economic outlooks...
Tesla’s Profits Are at Risk From Price Cuts. It Could Get Bad.
Tesla is cutting its prices, so Wall Street is lowering its forecasts for earnings, fearing profit margins will be decimated. That makes 2023 a scary time for investors in the electric-vehicle company...
JPMorgan, Wells Fargo, Bank of America and Citi beat earnings expectations, but worries about headwinds remain
JPMorgan Chase & Co., Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. managed to beat Wall Street’s reduced expectations for their fourth-quarter profits as higher interest rates b...
Inflation Isn’t the Stock Market’s Biggest Problem Now. Deflation Is.
Generationally high inflation was the story of 2022. That’s not going to be the story of 2023. The boogeyman of disinflation—and even some deflation—is about to become the biggest risk to stocks, and ...
Virgin Galactic Shakes Up Management. The Stock Soars.
Space tourism startup Virgin Galactic has made changes at the top as it prepares to launch commercial space flight service later this year. The stock is taking off, but the management move probably is...
Why the stock market isn’t impressed with the first monthly decline in consumer prices in more than 2 years
Inflation data may no longer be the big catalyst for stocks that it once was. U.S. stocks bounced around to a higher close on Thursday, even though investors received some encouraging inflation news a...
Home prices to tumble over 25% from peak levels in ‘overheated’ markets, says Goldman
Credit researchers at Goldman Sachs now expect home prices in several “overheated” metro areas to fall over 25% from peak levels. Metro areas included in their forecast were San Jose, Austin, Phoenix ...
Why Thursday’s U.S. CPI report might kill stock market’s hope of inflation melting away
A mild stock market rally to kick off the new year will be put to the test Thursday when investors face a highly-awaited U.S. inflation reading which could well help determine the size of the Federal ...
Mercedes and Other European Car Markers Are Aiming for Tesla
Mercedes-Benz Group more than doubled sales of battery electric vehicles this past year. That’s just a start. The company, and its European peers, want to sell a lot more. Tesla had better pay attenti...
Fed’s Powell won’t stop rate hikes until he ‘terrifies’ the wealthiest of investors, says this CIO
Investors are waking up to a whiff of positivity where stocks are concerned for Monday, after last week’s first gain in five that was prompted by weak wage growth Alongside a bleak Institute for Suppl...
Why a stock market obsessed with the Fed’s inflation fight should focus on Main Street jobs in 2023
Fortunes on Wall Street this year could hinge less on what’s happening to high-paid workers in San Francisco’s reeling technology sector and more on a familiar part of American life: the working class...
Dow surges 700 points Friday, S&P 500 snaps four-week losing streak after employment report shows wage gains cooled in December
U.S. stocks ended sharply higher Friday, with the Dow jumping 700 points, after an employment report showed wage gains slowed in December. The report fueled hopes that the Federal Reserve’s interest r...
Tech stocks soar as investor weigh signs of wage growth easing
Technology stocks were soaring Friday amid a drop in Treasury yields after the latest employment report gave bullish investors hope that inflation is easing. Tech stocks were up 3% in late afternoon t...
The Stock Market Had a Great Start to 2023. Earnings Season Could Be a Problem.
Text size This coming Friday marks the start of fourth-quarter earnings season, with Jamie Dimon’s JPMorgan Chase helping to kick off the festivities. Ting Shen/Bloomberg Investors got their Goldilock...
Here are potential impacts of China’s reopening on markets, Goldman Sachs says
China, the world’s second-largest economy behind the U.S., is set to reopen in just a few days and one major Wall Street firm has boiled down the likely impact on financial markets. In a note released...
History shows odds favor a 20% stock-market return in 2023 after a brutal 2022, Fundstrat says
Historical data shows there is a high chance that the U.S. stock market may record a return of 20% or more this year after the three major indexes closed 2022 with their worst annual losses since 2008...
Financial markets ignore elephant in the room: December’s 223,000 job gains
Stocks and bonds rallied in response to Friday’s jobs data showing modest wage growth for December, while investors looked past a stronger than expected 223,000 rise in nonfarm payrolls. Friday’s pric...
Dow Posts Best Day Since November After Jobs Report Sparks Hope Of Fed Pivot
Topline Stocks surged Friday on news of a cooling labor market, a necessary condition for the Federal Reserve to stand down from its most aggressive monetary policy in decades which has sent stocks sp...
Treasury yields plummet after signs of broadening weakness in economy
Friday’s raft of U.S. economic data produced a cascading drop in rates across the Treasury market, pushing the policy-sensitive 2-year and benchmark 10-year yields to their lowest levels of the new ye...
Dow ends down nearly 350 points after jobs data, hawkish Fed comments hammer stocks
U.S. stock indexes ended another choppy session in the red on Thursday as investors digested a fresh batch of labor-market data and hawkish commentary from Federal Reserve officials, while looking ahe...
Fed to stock market: Big rallies will only prolong painful inflation fight
It was a “don’t make me come back there” moment from the Federal Reserve. A line from the minutes of the central bank’s December policy meeting released Wednesday afternoon was taken by analysts and e...
Boeing Stock Gets Bump as Analyst Sees Blowout Deliveries in December
Text size Boeing stock has begun 2023 in the green. Jason Alden/Bloomberg Boeing finished out 2022 strong and the new year is looking up, causing one analyst to hike his price target on the shares. He...
This analyst who forecast a double-digit drop in stocks for 2022 now says Jeff Bezos may return to helm Amazon
If Tuesday was any indication of how the market will behave this year, then buckle up, it looks like it will be a wild one. The Dow Jones Industrial Average DJIA, -0.21% had a 537-point trading range,...
The Dow takes ‘important first step’ toward a new bull market
Don’t dis the Dow Jones Industrial Average just because it’s made up of only 30 stocks, because if the stock market bounces back from last year’s selloff, it’ll be the Dow that leads it. With the Dow ...