Markets Wall Street’s attention next week will shift to inflation from the labor market, with the producer price index and consumer price index readings for July due on Tuesday and Wednesday, respectively. Also on tap will be retail sales data … Continue reading
Markets Equity futures for Japan, Australia and Hong Kong all rose by at least 1% with contracts for the Nikkei 225 rising more than 2.5%. On Wall Street, the S&P 500 had its best day since November 2022, while the … Continue reading
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