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Dow Hits All Time High Friday, While Consumer Confidence Lowered
As a general recap, the market was advancing, and the S&P 500 and Nasdaq climbed higher after a one-day pullback. Shortly after 10:20 am EST, the $S&P 500 Index(.SPX.US)$ climbed 0.51%, the &
S&P 500 Companies Top Revenue Growth Expectations So Far in 2Q
The second quarter is off to a good start, with 81% of the S&P 500 companies having reported EPS above their guidance and 15% below their views, according to the latest FactSet Earnings
S&P 500 To Plunge More Than 20% Near Term? Top Economist Breaks Down Broader Market Vs. Small-Cap Divergence After June CPI Report
The stock market had a "buy-the-rumor, sell-the-news" move on Thursday after a tamer inflation data sent the major averages sharply lower, with the sell-off spearheaded by mega-caps and big techs.
How do high officials of the Federal Reserve view the significant cooling of inflation in the USA?
Two senior officials from the Federal Reserve spoke on Thursday, stating that inflation is making progress. The president of the St. Louis Reserve stated that the current policy interest rate is appropriate at this stage. The president of the San Francisco Reserve stated that given recent employment and inflation data, the Federal Reserve may need to make interest rate adjustments, but did not provide a specific schedule for rate cuts.
"Xinmei Federal Reserve News Agency" evaluates CPI in June: Mild inflation opens the door for a rate cut in September.
According to Timiraos' article, after the release of CPI, investors have increased the possibility of rate cuts in September, November, and December this year. A major question at this month's Fed meeting is how much basis Fed officials have laid for a rate cut in September. This year's FOMC voter, President of the San Francisco Fed, Daly, expects that it may be reasonable to cut interest rates soon after the announcement of the CPI, but also said that more information needs to be collected.
PepsiCo's Cheetos are the Latest Economic Red Flag
Signs keep accumulating that U.S. consumers are in trouble. Investors are paying heed. The latest warnings came from two packaged-food giants on Thursday, PepsiCo and Conagra Brands.
S&P 500, Nasdaq Pull Back Thursday While Dow Climbs | Market Story
As a general recap, the market was advancing overall while the S&P 500 and Nasdaq pull back a bit from seven consecutive record sessions. Shortly after 10:15 am EST, the $S&P 500 Index(.SPX.US)
Small-Caps Surge as Magnificent Seven Gets Taken to Woodshed After Cool CPI Reading
By William Watts Hedge funds seen feeling the pain as they unwind short bets against small- and midcap stocks It wasn't a magnificent day to be a hedge fund long megacap tech stocks and short the
Fed's Musalem Wants More Proof Inflation Is Slowing Before Backing Interest-rate Cuts
By Jeffry Bartash 'We have had two months of good inflation data,' St. Louis Fed president says The first decline in consumer prices in four years is encouraging, but St. Louis Federal Reserve Bank
Move Over, Magnificent Seven Stocks. The Other 493 Are Set to Take Off
The S&P 500 has chugged along to record highs even though just a tiny fraction of the companies in the index have been reporting steady earnings growth. That dependence on a few
Index Pull Back Follows Fractionally Lower Inflation, Will Rate Cuts Come Next?
Morning Traders! It is a scorching, humid day here in JC, but our new office is cold and beautiful. The first major company produced earnings that disappointed investors; now we have to see if this is a sign of things to come.
BlackRock 'Taking Chips off the Table' Ahead of Earnings
Russ Koesterich, Global Allocation Fund portfolio manager at BlackRock, says the firm expects a strong second-quarter earnings season and remains overweight stocks, but is moderating its position on some “high-flyer” equities.
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.
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
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.
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
Treasury Yields Hold Steady as Fed's Powell Gives Second Day of Testimony
Yields on U.S. government debt turned little changed on Wednesday after Federal Reserve Chair Jerome Powell produced no surprises in his messaging about the interest-rate outlook
New Highs Again for S&P 500 and Nasdaq... Again
As a general recap, the market was declining overall, while the S&P 500 and Nasdaq hit all time highs Shortly after 10:15 am EST, the $S&P 500 Index(.SPX.US)$ climbed 0.31%, the $
Key Dates Ahead of the Fed's Meeting Later This Month
By WSJ Staff Traders are parsing Federal Reserve Chair Jerome Powell's testimony before Congress this week for clues on how interest rates might move this year. Below are other key events and data