The market has been in full-on party mode in the 48 hours since Fed Chair Jerome Powell said the central bank was shifting to a data-dependent stance for deciding interest rates. That’s best seen in t...
Tag: NASDAQ Composite Index
Stock market’s post-Fed bounce is a ‘trap,’ warns Morgan Stanley’s Mike Wilson
“‘Ultimately, this will be a trap.’” — Mike Wilson, chief U.S. equity strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market’s 2022 swoon, isn’t convinc...
Surprise? How the stock market has reacted on day of each Fed rate hike in 2022
The Federal Reserve’s strategy of supersize interest rate hikes gets much of the blame for triggering a bear market in stocks in 2022, but investors might be surprised by a look back at how equites ha...
Here’s what Bill Ackman says Powell should tell traders about Fed rate-hike plans
“‘Tomorrow, Powell is likely to be asked: “Market pricing implies that the terminal FF rate will peak at 3.4% in 12/22 immediately declining thereafter to 2.7% by YE ‘23. What factors would cause the ...
Is the Stock Market Going Up? It Depends on the Definition of Recession.
Text size Tradersat the New York Stock Exchange. Seth Wenig/AP Not since Bill Clinton testified about the meaning of the word “is” has so much hinged on the meaning of one simple word. The word is “re...
Weekend reads: Prepare for a big week — a crucial Federal Reserve decision, tech-company earnings and a GDP report
It was mostly a week for stocks, particularly a rebound in the tech-heavy Nasdaq Composite Index, as companies topped expectations on second-quarter earnings. The coming week brings a heavy dose of t...
Will the Federal Reserve kill the stock-market bounce?
A summer rebound is stirring hopes the bear market in U.S. stocks has seen its lows, but a meeting of Federal Reserve policy makers this coming week might test the nerves of would-be bulls. “I expect ...
The Stock Market May Have Hit Bottom. Here’s Why.
Text size Commodity prices have tumbled in the past month, with oil and copper down 17% and 33%, respectively. Michael M. Santiago/Getty Images It never feels good when the stock market turns big gain...
Dow books biggest drop in more than two weeks after report about Apple’s plans to slow hiring, spending
U.S. stocks gave up early gains to finish lower on Monday, after Bloomberg reported that Apple Inc. plans to slow hiring and spending growth in some divisions next year in anticipation of a potential ...
This bear market in stocks remains historically shallow and short: Jefferies
The current bear market may be painful, but history indicates it may need to fall further to clear the way for a meaningful recovery, said analysts at Jefferies. Stocks have bounced modestly in July,...
75 or 100 basis points? Lost in market debate over Fed’s next rate hike is ‘how long inflation stays at these levels’
Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June, or step up their infla...
Jeremy Siegel on Why Today’s Inflation Is Different From the 1970s
Illustration by Elias Stein Text size This isn’t a rerun of the 1970s, argues Jeremy Siegel, the author of the seminal Stocks for the Long Run and a professor emeritus of finance at the University of ...
Dow jumps 650 points as stocks close sharply higher after stronger-than expected retail sales report, surge in Wall Street bank shares
U.S. stock indexes closed sharply higher Friday, with the S&P 500 and Dow Jones Industrial Average each snapping a five-day losing streak, after stronger-than-expected retail sales data and a mode...
Stock Market Had Finished Up on Friday. It’s Still a Bear Market.
Text size The S&P 500 has had many chances to rally, and has missed all of them Angela Weiss/AFP/Getty Images Hope springs eternal, even during a bear market. Just don’t make the mistake of gettin...
Unity to Buy IronSource for $4.4 Billion. IronSource Stock Surges, Unity Slumps.
Text size Wall Street seems to think the merger is a good deal for IronSource stock, which surged. Angela WeissAFP/Getty Images Unity Software will take over IronSource in an all-stock $4.4 billion me...
U.S. stock futures inch up ahead of CPI data that could show inflation at 40-year high
U.S. equity futures inched higher on Wednesday, though trading was timid ahead of U.S. data that could show stubborn inflation forcing a faster pace of rate rises from the Federal Reserve. How are sto...
Stock market faces inflation test Wednesday: Here are ‘good, bad and ugly’ scenarios
Expectation for U.S. inflation have fallen over the past month thanks largely to the drop in industrial and agricultural commodity prices. This trend has shown up in the Federal Reserve Bank of New Yo...
If this stock market is shaping up like 2008, here’s where we could be headed next, says strategist
Those looking for a bit of good news to start the week may have to cast the net further out. Stocks are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was...
Will earnings season trigger another leg lower for the Dow? Investors hunt for recession clues
Stock-market investors just can’t get off the merry-go-round this summer. A stronger-than-expected U.S. June jobs report on Friday calmed fears that the economy might have already slipped into recessi...
The Stock Market Had a Great Week. Can the Good Times Last?
Text size *** ONE-TIME USE *** People attend the Mega Job Fair held at the FLA Live Arena on June 23, 2022 in Sunrise, Florida. The job fair had 8,000 jobs available from 100 different employers and e...
S&P 500, Nasdaq book 3rd day of gains after Fed minutes point to another big rate increase this month to tackle inflation
U.S. stocks end higher Wednesday after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic grow...
Alibaba Stock Is Rising Again. Why Chinese Tech Could Keep Outperforming.
Text size Alibaba stock had a tough run in 2021. Greg Baker/AFP via Getty Images Alibaba lost almost half of its market value last year while the S&P 500 gained more than 25%, disappointing inves...
Here’s how far house prices are set to fall as rates go up, according to this forecasting firm
Stocks are veering south post holiday, following earlier optimism over reports President Joe Biden may lower tariffs on some Chinese goods to help ease the inflation sting. There isn’t much to explain...
The Stock Market Is Closed Today. It’s Dropping Anyway.
Text size The stock market roller-coaster ride continued Monday even with trading in the U.S. closed for the Fourth of July holiday. Lie Ma/Xinhua via Getty The stock market is dropping even though it...
Is the Stock Market or Post Office Open Today? The Fourth of July Trading Hours.
Roberto Schmidt/AFP/Getty Images Text size Investors are likely getting out their hamburger buns—and putting away their stock trading apps—on Monday for Independence Day. This year, the Fourth of July...
Bitcoin Prices Struggle Below $20,000. Why Tuesday Could Bring a Bigger Move.
Text size Bitcoin has failed to consistently breach the key $20,000 mark. Ozan Kose/AFP via Getty Images Bitcoin and other cryptocurrencies were largely unchanged on Monday, with digital assets contin...
Tesla Wasn’t a ‘Money Furnace’ After All
Text size Tesla’s credit metrics look better than automotive peers. They look better than many large-cap stocks too. Justin Sullivan/Getty Images It turns out that money furnaces don’t have to b...