Markets US stocks slid on Wednesday, failing to extend Tuesday’s rebound that snapped a three-day losing streak for the major averages. Losses accelerated into the close as the benchmark S&P 500 (^GSPC) fell more than 0.8% and the tech-heavy Nasdaq Composite (^IXIC) … Continue reading
Markets Turn Around Tuesday or Dead Cat Bounce? Stocks (^DJI, ^IXIC, ^GSPC) are eyeing a recovery after a three-day sell-off. But is it too early to declare today’s movement as a “Turnaround Tuesday”? Longview Economics founder, CEO, and chief market strategist Chris … Continue reading
Markets Wall Street’s stock sell-off intensified in a major way Monday as concerns mounted over the health of the US economy. The Dow Jones Industrial Average (^DJI) fell over 1,000 points. The Nasdaq Composite (^IXIC) was crushed by more than … Continue reading
Markets Wall Street is cautious heading into next week, after having seen the tech-heavy Nasdaq Composite (COMP:IND) slide into correction territory. The market narrative has changed in a matter of days, and concerns now abound that the Federal Reserve has slowed … Continue reading
Markets US stocks came under heavy selling pressure Thursday as weak economic data and another sharp sell-off in chip stocks spurred losses across all three major indexes one day after the Federal Reserve signaled a likely rate cut in September. The tech-heavy … Continue reading
Markets US stocks rallied on Wednesday as investors digested the Federal Reserve’s latest decision to hold interest rates steady and a tech revival sent the Nasdaq surging. The S&P 500 (^GSPC) rose nearly 1.6% while the tech-heavy Nasdaq Composite (^IXIC) soared more … Continue reading
Fed Expected to Hold Rates and Signal September Cut The US central bank’s Federal Open Market Committee will keep its benchmark rate in a range of 5.25% to 5.5%, a peak reached a year ago, at the conclusion of … Continue reading
US stocks ended the session mixed on Monday, kicking off a big week on Wall Street amid a Federal Reserve rate decision, the jobs report, and Big Tech earnings. The Dow Jones Industrial Average (^IXIC) fell 0.1% after soaring over 650 points on … Continue reading
Markets The S&P 500 (GSPC) and Nasdaq Composite (^IXIC) recently had their worst single-day drops since 2022 as the indexes struggled to recover losses during a Friday rally. All three major averages closed the final full week of July lower. The S&P 500 … Continue reading
US inflation data due on Friday – upside risks BMO on the data from the US on Thursday inflation data for Q2. In brief: Second quarter real GDP surprised on the upside at 2.8% while inflation slowed during Q2 … Continue reading