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72949275 Private ID: 72949275
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    72949275 commented on
    G'day, mooers! Check out the latest news on today's stock market!
    • S&P 500 lower, UBS agrees to buy Credit Suisse, gold soars
    • ASX opens 0.8% lower
    • Stocks to watch: Evolution Mining, Gold Road Resources, Australian Clinical Labs
    - Moomoo News AU
    Wall Street Summary
    U.S. stocks fell on Friday as investors remained on edge about the risk of further bank failures, even after efforts to rescue decrease and .
    $S&P 500 Index (.SPX.US)$ sank 1.1% as of 4 ...
    AU Morning Wrap: ASX Falls; Gold Miners Surge
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    $XAU/USD (XAUUSD.CFD)$ ASX Mining Stocks all having a really good week, many new discoveries and the Australian Government is putting billions into the EV Metals- check them out at STOCKHEAD or SMALLCAPS
    72949275 commented on
    Stocks may have eked out gains so far in 2023, but don't be fooled. With corporate earnings season kicking off this month, Wall Street is pricing in a rough quarter ahead.
    The estimated earnings decline for the $S&P 500 Index (.SPX.US)$ for the fourth quarter is -3.9%, falling from 9.6% on June 2022, which would mark the first year-over-year earnings decline reported by the index since Q3 2020 (-5.7%), according to Factset.
    At the sector level, six se...
    Wall Street Braces for a Weak Earnings Season
    Wall Street Braces for a Weak Earnings Season
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    The Federal Reserve has the one big gun – the loading of interest rates. For close to a year the Fed has attacked inflation without flinching, lifting rates from near zero to 4.25-4.5%.
    The sheer brutality of the front-loading hasn’t been seen since the 1980s. Inflation once thought fleeting is now entrenched across every US supply chain and consumer spending sector.
    On Thursday crucial December CPI data lands. Come the late January F...
    USD and inflation: How will latest CPI data bear down on DXY?
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