Exchange-Traded Funds, Equity Futures Edge Lower Pre-Bell Ahead of Key Inflation Data
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was down 0.1% and the actively traded Invesco QQQ Trust (QQQ) was 0.02% lower in Thursday's premarket activity, ahead of key
Abercrombie & Fitch Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/11/2024 — Argus Research Downgrades Buy → Hold 05/30/2024 10.47% Citigroup $150 → $190 Maintains
Goldman Sachs Asset Management: Suggests moderately over-weighting US stocks bullish on technology, energy, and industrial stocks.
According to Zhītōng Cáijīng APP, Neill Nuttall, Joint Chief Investment Officer of Goldman Sachs Asset Management's Diversified Asset Solutions, indicated that despite facing geopolitical risks, the global growth environment is good, inflation is slowing, and central banks worldwide are cutting interest rates successively. Therefore, the outlook for risk assets is positive, and he recommends a moderate overweighting of U.S. stocks, bullish on technology, energy, and industrial stocks, but cautious on defensive, utilities, and essential consumer stocks.
Will tonight's CPI announcement determine whether there will be an interest rate cut in September?
After Federal Reserve Chairman Powell's speech to Congress, US stocks began to celebrate the interest rate cut in September. The S&P broke 5600 points for the first time in history. The heavy inflation data to be released tonight is expected to add fuel to this optimistic sentiment.
Fed Must Remain Data-Driven: Hagerty on Fed, Inflation
Republican Senator of Tennessee, Bill Hagerty, talks about Federal Reserve Chair Jerome Powell's testimony during the Senate Banking Committee hearing and voices his concern that Chairman Powell may be under political pressure to cut rates, and states he hopes Powell will remain data-driven. He also talks about former President Trump, and if the US relationship with NATO will change if the former President wins in November.
No longer a case of "The Boy Who Cried Wolf"? The New York Federal Reserve comments that this time, "Powell Pivot" will be more sustainable than at the end of last year.
Nowadays, the threshold for Fed rate cuts is lower than in previous months and the situation has changed. Powell believes that inflation is returning to normal and the labor market is clearly weakening, further weakness is unnecessary and unwanted.
Stocks Are Due for a Correction, This Veteran Trader Predicts - but He's Staying Invested
The stock market now is 'numb to all news'.
The market continues to be "Risk On"! The expectation of interest rate cut is not hindered by the Federal Reserve. Technology giants drive the US stock market to hit new highs.
Zhitong Finance APP noticed that the stock prices of the world's largest technology giants such as Apple (AAPL.US), Microsoft (MSFT.US) and Nvidia (nvidia.US) rose collectively and pushed the US stock market to a historic high. The speech by Federal Reserve Chairman Powell in Congress did not prevent traders from betting on a rate cut by the Federal Reserve this year. The market's fund flow continues to show a frenzy of 'Risk On', driving the S&P 500 index to break 5600 points for the first time in history. This new round of competition for large technology stocks, as well as Powell's rare relatively dovish remarks,
US Stock Futures Edge Lower With CPI Data Set to Offer More Rate Cues
US stock index futures fell slightly in evening deals on Wednesday, cooling after a recent rally on Wall Street as focus turned towards upcoming inflation data to set the stage for interest rate cuts by the Federal Reserve.
Seven Sessions and Five All-Time Highs in a Row | Wall Street Today
US stocks advanced for the seventh session on Wednesday, lifting the
S&P 500 Cracks 5,600 Joins Nasdaq At Fresh Highs Wednesday
US stocks advanced for the seventh day in a row on Wednesday, lifting the S&P 500 above 5,600 for the first time ever.In addition to a 0.7% gain for the S&P 500, the Dow Jones Industrial Average
SocGen Identifies the 'Only Trade' That Works Under Both Biden and Trump Presidencies
Behind Powell's Latest Shift in Rate-Cut Framework
It didn't move markets, but during two days of congressional testimony this week, Fed Chair Jerome Powell made the beginning of a pivot on interest rates that might prove more durable than one that sparked a big market rally at the end of last year.
Forex Today: Gearing up for US CPI
The USD Index (DXY) kept the vacillating mood just above the 105.00 hurdle amidst muted US yields.
Still Unstoppable? The U.S. Consumer in Five Charts
Betting against the U.S. consumer has not been a winning strategy in recent years. Sustained spending has upended recession calls and kept up sufficient demand in the service sector to prevent prices there from falling quickly enough to justify rate cuts from the Federal Reserve.
Sprouts Farmers Well Positioned To Gain Market Share In Various Macro Backdrops - Analyst Sees 'Solid Beat' In Q2
Goldman Sachs analyst Leah Jordan reiterated a Buy rating on Sprouts Farmers Market, Inc. (NASDAQ:SFM), raising the price forecast to $89 from $78 due to higher estimates.The company said it would
10 Consumer Discretionary Stocks Whale Activity In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity
Powell Says Fed Has 'Ways to Go' on Reducing Balance Sheet
The Federal Reserve has "ways to go" on reducing its balance sheet, Chair Jerome Powell told the House Financial Services Committee Wednesday."The run off in the portfolio is now, I think, $1.7
Express News | S&P 500 Hits 5,600 Points for the First Time
JPMorgan Maps Out Game Plan for CPI: Bracing for Market Turbulence Ahead
As market participants keenly await the forthcoming consumer price index report, JPMorgan's trading desk has advised investors to prepare for heightened volatility in the S&P 500 Index.