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 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,…
The end of June is nigh and good riddance. Down about 7%, only March has delivered a win for S&P 500 SPX investors this year, as pandemic fallout has been compounded by Russia’s brutal and deadly invasion of Ukraine that has seemingly driven up prices of everything. While still an ugly month, stocks saw a…
Read More “Here’s why this trader is piling back into one of the hottest commodities of the year” »
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” »
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 rose sharply on Tuesday after a three-day holiday weekend, following the worst weekly performance for equities in more than two years. What’s happening The Dow Jones Industrial Average DJIA was up 733 points, or 2.5%, at 30,621. The S&P 500 SPX gained 101 points, or 2.7%, to trade at 3,775. The Nasdaq Composite…
Read More “Dow jumps 700 points as stocks bounce back from worst week since 2020” »
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” »
