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S&P 500 Index Newsroom
Dow Hits All Time High Friday, PPI Was Warm and Consumer Confidence Low
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 &
Will Rate Cut Expectations Trigger a Shift from Large to Small Caps?
As June's Consumer Price Index (CPI) indicates a slight deceleration in inflation, rising to 3% from the previous year, investors are recalibrating their portfolios, pivoting away from the large-cap technology and that have propelled market indexes to record peaks.
Big Banks Biff Earnings | Wall Street Stories
Morning traders, and happy Friday, June 12th. The largest financial institutions reported earnings this morning, showing declining revenue and guidance so far. My name is Kevin Travers, and here are stories from the moomoo herd on Wall Street today.
Express News | US June PPI YoY +2.6% Vs +2.3% Forecast, Prior +2.2%
Zhitoon Hong Kong shares unpick | Fed's September rate cut is unsurprising, pay attention to bottom switching.
The Hong Kong stock market is highly sensitive to US inflation data, and it directly jumped and steadily rose today, closing up 2.59%.
The Nasdaq fell nearly 2%, with the largest selling volume of the 'Seven Sisters' in a year and a half, while small caps and Chinese concept stocks surged, and US bonds rose sharply.
Comprehensive cooling of US inflation, September rate cut betting pushing US stocks rotation, S&P and Nasdaq ended seven-day consecutive gains and moved away from their highs, Tesla plummeted 8.4%, the worst in nearly half a year and stopped 11-day consecutive gains, Nvidia fell 5.6%, and the chip index fell 3.5%. The Russell 2000 small-cap stocks rose 3.6%, the best since November last year and the highest in two and a half years, and the worst-performing real estate sector this year had the largest increase in the year. US bond yields fell sharply across the board, with the US dollar falling the deepest in two months. The yen rose by 2.6% at one point, the biggest gain since the end of 2022, and anonymous officials confirmed that the government intervened to rescue the currency.
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.
Fed's Musalem Calls Recent Inflation Data 'Encouraging'
Federal Reserve Bank of St. Louis President Alberto Musalem says monetary policy is restrictive but not overly restrictive. He speaks during a moderated conversation at an event hosted by the Little Rock Regional Chamber in Arkansas.
Options Market Statistics: Tesla, Nvidia Lead Tech Sell-Off, Options Pop
News Highlights
The key indicators of inflation in the United States have slowed down, with the market already pricing in more than two interest rate cuts this year!
The biggest 'surprise' in the June CPI report was that stubborn housing inflation cooled rapidly, falling from 0.40% on a month-on-month basis to 0.17%, boosting market expectations of interest rate cuts. It is certain that interest rate cuts will be implemented in September, and possibly even in July.
Fed's Goolsbee: CPI Data Indicate Inflation on 2% Path
Federal Reserve Bank of Chicago President Austan Goolsbee on Friday marked the latest inflation report as “excellent.” Goolsbee further stated that the reports prove that the central bank is on track to meet its 2% target.
Technology stocks, known as the seven sisters, have weakened! S&P 500 index bull market came to an end as the market turned to expect interest rate cuts.
Due to inflation data, investors are betting that the Federal Reserve will cut interest rates as early as September, and the number of investors withdrawing from the so-called "Seven Sisters" stocks has reached the highest level in more than a year.
7/12 [Strength and weakness of materials]
[Bullish and Bearish Materials] Bullish materials - Nikkei Average is rising (42,224.02, +392.03) - Dow Jones Industrial Average is rising (39,753.75, +32.39) - US crude oil futures are rising (82.62, +0.52) - US long-term interest rates are declining - Expectations for inflation stabilization in the US - Request by Tokyo Stock Exchange to improve corporate value. Bearish materials - Nasdaq Composite Index is declining (18,283.41, -364.04) - 1 dollar = 159.20-30 yen - Chicago Nikkei futures are declining (41560, Osaka comparison -810) -
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.
US Treasury Yields Plummet as Inflation Surprises, Fed Dovish Bets Grow
US Treasury bond yields tanked on Thursday after the US Bureau of Labor Statistics (BLS) revealed a surprise fall in inflation before Wall Street opened.
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.
Tech-stock Selloff May Drive Magnificent Seven's Worst Day Ever by This Metric
Thursday's selloff in large technology companies could result in the biggest one-day market-capitalization erasure for the "Magnificent Seven" on record.
The 30-Year Auction Was Expected to Be Strong. Why Buyers Stayed Away
Investors were supposed to come in droves to lend to the government for the long haul on Thursday, so it was a shock when turnout came in low.
Investors Rotate Out Tech Megacaps, Driving Nasdaq Down From Record | Wall Street Today
The Nasdaq fell from its record high as investors rotated out big tech stocks. Meanwhile, the lowest CPI reading in over three years drove investors into small-cap stocks.