On jobs day, investors find themselves looking east, where the shocking assassination of former Japanese Prime Minister Shinzo “Abenomics” Abe has rocked that country. Japanese markets also fell on the news of Abe’s shooting. More below. For US investors, data are expected to show the weakest jobs growth in 18-months, and we’ll see where that…
US stocks were higher Wednesday in choppy trade, 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 growth. How stock indexes are trading The Dow Jones Industrial Average DJIA rose 194 points, or 0.6%, to around 31,151; The S&P…
Stocks are set to veer 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 moodiness of stocks, which logged gains on Friday, but weekly losses on worries about a recession spurred on by rising…
Read More “Here’s how far house prices are set to fall as rates go up, says Capital Economics” »
US stocks were trading higher Friday afternoon, shaking off earlier weakness that came after a disappointing gauge of manufacturing activity underlined fears that aggressive monetary tightening by the Federal Reserve could lead to a sharp slowdown. How are stocks trading? The Dow Jones Industrial Average DJIA, + 1.05% was up almost 330 points, or 1.1%…
US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. Dow Jones Industrial Average fell 509 points, or…
Read More “Dow down more than 500 points as brutal first half comes to close” »
US stock indexes traded mixed Wednesday, as investors tuned in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, -0.01% was up 78 points, or 0.3%, to 31,029. The S&P 500 SPX, -0.38% edged down 3 points,…
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us…
New week, same bounce. Stock futures point to fresh gains as investors grow optimistic that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, crimped…
Read More “This ‘underappreciated’ black swan could bring fresh chaos to the global economy” »
US stocks surged to their highest levels of the day on Friday with the Dow up more than 600 points as investors reassessed the expected path of Federal Reserve rate hikes. How are stocks trading? S&P 500 SPX gained 85 points, or 2.3%, to 3882. Dow Jones Industrial Average DJIA gained more than 600 points,…
Read More “Dow climbs 600 points as US stocks on track to snap three weeks of losses” »
Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew – that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start to…
