Bears surrendering again with S&P 500 rally defying all bad news
Potential dip buyers were seeing plenty of bleak headlines as U.S. stocks sold off last week. Growth was slowing. Another wave of virus infections was raging. The Federal Reserve mulled tapering monetary stimulus. And few stocks were supporting the market.
With fears growing that the worst was yet to come, hedge funds stepped up selling. During the first four days of last week, they dumped stocks at the fastest pace in four months, with short sales outpacing long buys by a ratio of 10-to-1, client data compiled by Goldman Sachs Group Inc.’s...

Stocks set to climb after U.S. rally on dip buying: Markets Wrap
Asian stocks look set to rise Monday after bargain hunters spurred a U.S. rally, with traders also weighing growth risks and awaiting the Jackson Hole symposium for clues on the Federal Reserve’s policy outlook.
Futures advanced in Japan, Australia and Hong Kong, while U.S. contracts edged higher. The S&P 500 and tech-heavy Nasdaq 100 rose at the end of last week. Beijing’s regulatory crackdown saw Chinese shares listed in the U.S. suffer their longest streak of weekly losses in a decade despite a climb on Friday.
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Asia stocks to track U.S. slide on Fed taper talk: Markets Wrap
Asian stocks are set to dip at the open Thursday after a slide on Wall Street sparked by Federal Reserve minutes indicating officials could start paring stimulus from later this year.
Futures were lower in Japan and Australia but steady in Hong Kong. U.S. contracts fluctuated after the S&P 500 and Nasdaq 100 fell for a second day. Most Fed officials agreed last month they could start slowing the pace of bond purchases later this year given the progress made toward inflation and employment goals.
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By Julianna
Hey, moomooers! Here are things you need to know before the opening bell:
- Retail sales were expected to have fallen off in July, as consumers held off on online and vehicle purchases; Retail sellers Walmart and Home Depot are expected to relase Q2 enarnings today.
- T-Mobile, the U.S. wireless operator said it is determining whether customers' personal information was accessed by hackers.
Market Snapshot
U.S. stock index futures were lower during early morning tradin...