Released Data Sets Tone for The Anticipated Fed Decision The smallest monthly gain over a year was recorded by a key gauge of US CPI data, estimating that inflation may have peaked. After figures showed prices climbed less than projected last month, US equities rose, and Treasuries yields fell across the curve. That’s an indication …
The US stock futures polled higher at the start of a crucial week. The Federal Reserve, the European Central Bank, and several other peers are set to make monetary-policy decisions this week. Weekly losses for the underlying indexes resulted in contracts on the S&P 500 and Nasdaq 100 indexes being about 0.3% higher. The ten-year …
This is the week we have all been waiting for. Investors hope for a clearer picture of what lies ahead for a battered stock market and economy in 2023. We’ll have more news after key inflation data, the Fed’s interest rate decision, and comments from Chairman Jerome Powell. However, stock traders are expecting more volatility …
Stock Traders in Anticipation of The Upcoming Week Read More »
Investors continue to worry that stronger-than-expected economic data will lead authorities to keep interest rates higher for longer. Potentially, this will weigh on the economy next year, as the stock market inched mostly down on Wednesday. The S&P 500 dropped 7.34 points to 3933.92, extending its losing streak to five days. The Nasdaq Composite focused …
The new offering from the fintech firm, Robinhood, has a waitlist. In an uncertain economy, Robinhood Markets offers its consumers retirement accounts for the first time, hoping that the tax benefits and matching contributions will spur investment interest. Until a user’s annual contribution limit is reached, the company will match 1% of what they contribute …
Concerns over whether aggressive Federal Reserve tightening might lead to a recession triggered stocks to plunge on Monday. After capping a back-to-back weekly rise, the S&P 500 was under fire. The Federal Reserve’s potential to slow down its interest-rate increases boosted the benchmark index by 1.2% last week, extending a November rally. The Nasdaq Composite …
One of AMC’s leads has left the company. According to the entertainment firm, Chief Executive Christina Spade resigned less than three months after taking the position. The search for a successor to AMC’s board is nearing completion. In addition, the firm announced plans to dismiss around 20% of its U.S. workers. A sign of more …
The all-important jobs report caused a lot of volatility near a key technical level. Traders were looking for indications of the Federal Reserve’s next policy moves. Bond yields fell, and the dollar weakened. A battle erupted near the 200-day moving average of the S&P 500, which some investors saw as signaling that a rally would …
The Spark of Slowing Interest Rate Only Goes So Far Read More »
Powell Signaled a Downshift in Rate Hikes Jerome Powell of the Federal Reserve indicated that the Fed will raise interest rates by a half percentage point at its next meeting. This means an end to an unprecedented four-year run of 0.75-point increases aimed at preventing high inflation. Chairman Powell said the Fed needed to be …
Traders Are Pessimistic About the Upcoming Powell Speech Traders were hesitant to make large bets in advance of Jerome Powell’s speech on Wednesday, so stocks cut much of their losses. Gains in energy and financial companies tempered big tech’s decline. Amazon.com’s stock has dropped as the company sells investment-grade debt. The average volume for the …
Stocks Finish Lower in Run-Up to Powell’s Speech Read More »
Investors have had a rough ride throughout most of 2022, and Monday was no exception. As markets were impacted by Chinese social unrest over the protracted COVID limits, stock markets dropped. Demonstrations erupted over the weekend in mainland China, and people voiced their displeasure with Beijing’s zero-COVID policy. Earlier this month, Beijing adjusted some policies …
Stock Markets Close Lower Due to China’s Social Turmoil Read More »
The Stock Market’s Reaction to The Fed Outlook Resulted in A Positive Week for Stocks Investors evaluated prospects for less-aggressive central bank tightening and weighed China’s latest move to nurture its economy before the end of Friday. Markets surge. For much of Friday’s condensed trading day, the S&P 500 was undecided. Nevertheless, the index reached …
Twitter is under “investigation” by Ireland’s Data Protection Commission. The question is if it still has the appropriate personnel to ensure compliance with the European Union’s privacy legislation. The EU privacy legislation is also known as the General Data Protection Regulation or GDPR. According to a spokesman for the Irish regulator, the firm insisted last …
Federal Reserve meeting showed support for sharp interest-rate increases. This sent the US dollar down. A gauge of global stocks pushed for the highest level in more than two months. Officials are more focused on the destination of the federal-funds rate rather than the pace required to get there. They wait to see the effect …
Rising COVID Cases Abroad Worry Investors While investors are concerned about the rising COVID cases overseas, the holiday-headed economy looks gloomy, and the US stocks fell on Monday. At around 4 p.m., the S&P 500 had dropped. The Dow Jones Industrial Average declined 0.1%, while the Nasdaq Composite fell 1%. Investors anticipated that if China’s …
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