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...
Tag: financial market news
AbbVie cuts earnings forecast due to milestone payments
AbbVie Inc. executives lowered their outlook for the quarter and year in a filing with the Securities and Exchange Commission late Friday, which cited research and development expenses and milestone p...
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...
Opinion: Three value-stock investors favor these six picks for a rocky 2023
Analysts expect value stocks to maintain outperformance over growth stocks as interest rates rise and the economy falters. To find some of the best value names to consider, I recently checked in with ...
Investors who did this one thing survived the markets in 2022
Forget inflation. Forget oil prices. Forget Vladimir Putin’s invasion of Ukraine. Forget layoffs in the tech sector. Forget the yield curve. When I sat down to write about what worked for investors in...
Alibaba Stock Is Soaring. What’s Driving Its Big Move.
Alibaba stock was on a tear Wednesday amid signs that the tough regulatory landscape for Chinese tech stocks—one of two key headwinds facing the sector—is improving. Progress has put investors on a bu...
Opinion: It’s time to buy I-bonds again. Here are 3 ways to maximize your $10,000 inflation-fighting investment.
The once-obscure Treasury investment soared in popularity last year because of its enticing inflation-adjusted rate, which peaked at 9.62%. That leapfrogged bank deposit accounts and completely trounc...
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,...
Asian markets mostly rise ahead of Fed update
BEIJING — Asian stock markets rose Wednesday ahead of the release of minutes from a Federal Reserve meeting that investors hope might show the U.S. central bank is moderating its plans for more intere...
Dow futures jump more than 300 points as traders start 2023 on a bullish note
U.S. stock futures rose as investors returned from the festive break in a generally bullish mood. How are stock-index futures trading S&P 500 futures ES00, +0.84% advanced 41 points, or 1.1%, to 3...
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
U.S. stock-market futures rose Monday, suggesting gains ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, +0.22% jumped more than 200 points out of the gate, but initi...
For Battered Bonds, Threats of Further Losses Linger
The year 2022 marked a truly historic bust for the U.S. bond market. The question now is whether 2023 will produce any kind of meaningful rebound. Normally a safe investment, U.S. bonds delivered loss...
BP and Shell Are a Buy in 2023. Why They’re Cheaper Than U.S. Oil Giants.
It was a great year for oil companies such as Exxon Chevron Shell and BP But the giants of European energy are still trading at significantly lower valuations than their American counterparts, which m...
Opinion: Crypto insurance is nearly nonexistent, so you’ll have to rely on common sense
If only your bitcoin could catch on fire — literally — then it might have a chance of being covered by insurance. For property, fire is a straightforward hazard. But it’s probably the one big thing th...
Here’s a New Year’s resolution: resist the temptation to bet on the top mutual fund of 2022
Beating the stock market is not that big of a deal. What’s really impressive — and what you should be looking for when using performance scoreboards to choose a mutual fund — is one that has beaten th...
Why the consumer is ‘critical’ for investors to watch in 2023 as bear market ‘not yet complete’
The fate of the U.S. consumer is weighing on the outlook for markets in 2023. “The issue is that consumers are actually spending at a pace that is faster than their income growth, and have been for t...
These 3 Sectors Have Had a Good Run. They Still Look Strong for 2023.
Yes, the stock market can always get worse—and that means three of this year’s best-performing sectors could continue to outperform in 2023. After a punishing 2022, Wall Street isn’t expecting the sit...
The U.S. dollar surrendered its status as the world’s premier safe haven in Q4. Here’s how.
The U.S. dollar’s status as one of the few dependable safe havens for investors during this year’s market mayhem started to erode during the fourth quarter, even as the greenback posted its biggest ye...
Opinion: Roth IRA conversions: Take advantage of this limited-time offer to save on taxes
No one likes taxes, but everyone loves a sale. So the idea of a major blowout on Roth conversions in 2023 — a limited time offer, no less — might make it enticing to pay taxes now to avoid them in the...