US stocks closed higher Thursday after Federal Reserve Chairman Jerome Powell concluded a second day of congressional testimony with a vow to battle inflation, even if it risks a recession. What happened with stocks? The Dow Jones Industrial Average DJIA rose 194.23 points, or 0.6%, to end near session highs at 30,677.36, after flipping between…
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…
US stock indexes were higher in choppy trade Wednesday after Federal Reserve Chairman Jerome Powell reiterated his commitment to combat inflation, while also suggesting the economy was strong enough to withstand higher interest rates. How are stock indexes trading? The Dow Jones Industrial Average DJIA gained 125 points, or 0.4% to trade around 30,643, after…
US stocks ended mixed Friday, with the Dow Jones Industrial Average erasing gains late in the session, as investors continued to weigh concerns over slowing economic growth and a more aggressive Federal Reserve. All three major stock benchmarks booked a third straight week of losses, with the S&P 500 seeing its worst weekly percentage drop…
US stocks dropped sharply Thursday, more than erasing the bounce seen the previous session following the Federal Reserve’s largest rate hike since 1994, as worries about the economic outlook moved center stage. What’s happening The Dow Jones Industrial Average DJIA dropped 750 points, or 2.4%, to 29,919. The S&P 500 SPX shed 122 points, or…
Read More “Dow drops back below 30,000 as stocks wipe out post-Fed gains” »
Jensen Investment Management follows a simple rule for initial screenings of stocks: Companies need to have achieved returns on equity (ROE) of at least 15% annually, for at least 10 consecutive years. That’s a tall order, and it may provide comfort to investors during a period of market turmoil. The easier growth-oriented strategies of the…
Read More “Four value-stock picks from a fund manager who steers clear of the energy sector” »
Blink and you missed a post-Federal Reserve bounce, as stock futures signal a reboot for Wall Street selling on Thursday. “Whatever reaction we see today is likely to be a one-day thing (just like last FOMC). The Fed has no idea where inflation is going, and neither do we. The economic data is what matters,…
