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U.S. Economy and Jobs Market Are Showing Cracks. Fed Rate Cuts Are Not Far Off.
By Jeffry Bartash Forget the summer heat: The economy appears to have caught enough of a chill that the Federal Reserve is likely to cut interest rates soon. The latest evidence? A June jobs report wh
S&P 500, Nasdaq Composite Hit New Records as Wall Street Mostly Likes Latest Job Report
Stocks traded mostly higher Friday morning following the July 4th market holiday, with the S&P 500 and the Nasdaq Composite pushing further into record territory as the June jobless rate came in higher than expected.
Momentum for Biden to Step Aside Accelerating, Analyst Fordham Says
The red-hot Washington debate over whether President Joe Biden will scrap his run for re-election is spilling into Wall Street. We discuss the chances of Biden pulling out of the race, and whether Kamala Harris has emerged as the clear alternative with Geopolitical Strategist & Founder of Fordham Global Foresight, Tina Fordham and Bloomberg Opinion's John Authers.
The Fed's Ambivalence: What Investors Can Expect from Its Dovish Shift
While the Federal Reserve has kept interest rates unchanged, recently released economic data such as PCE, CPI, and the unemployment rate suggest that inflation is trending in the right direction, leading the market to believe that a cycle of decreasing interest rates will begin soon. However, the debate continues; it's not about "whether or not," but rather "when and how" rate cuts will occur.
U.S. Stock Futures Tread Water As Nonfarm Payrolls Approach
U.S. stock index futures moved little in holiday-thinned trade on Thursday evening, with focus turning squarely towards key nonfarm payrolls data for more cues on interest rates.
US June Nonfarm Payrolls Preview: Business Survey Indicates Services Sector's Employment Is Losing Steam
US June's nonfarm payrolls report will be released at 8:30 ET this Friday. The median forecast of analysts for the June nonfarm employment is 189,000,down from 272K in May. The unemployment rate is expected to remain at 4.0%.
The US Federal Reserve has been slow to cut interest rates, and the size of the US money market has surpassed 6.15 trillion US dollars, reaching a new high.
In the week ending on the 2nd, there was a inflow of approximately $51.2 billion into the US fund market, the largest inflow in three months. Some analysts pointed out that as long as the Federal Reserve continues to hold steady, funds will continue to flow into currency funds.
Fed Wanted More Evidence of Cooling Inflation, Minutes Show
Federal Reserve officials said they were awaiting additional evidence that inflation is cooling and were divided on how long to keep interest rates elevated at their last policy meeting. Bloomberg's Michael McKee reports on what the minutes from the June meeting said.
US Stocks Rally Into Headwinds With Jobs Data In Focus
The S&P 500 closed above 5,500 for the first time on Tuesday, its 32nd record this year, while the Nasdaq 100 also set an all-time high with its first close above 20,000. Nvidia didn't drive that climb this time around. All the while, more S&P 500 stocks have been declining since May as more headwinds line up against those gains. Investors will closely watch the upcoming nonfarm payrolls and unemployment rate releases for clues on the health of the US economy and whether the current Goldilocks narrative is starting to fade. Nour Al Ali joins Bloomberg TV to discuss.
Biden Vs. Trump: New Poll Shows President Still Very Much In Race Despite Debate Fiasco But Final Outcome Hinges On This Key Voter Group
President Joe Biden managed to close his gap with his predecessor Donald Trump and get even with the latter, according to the results of a nationwide survey of voters published on Friday.The Matchup:
'Congressional stock god' takes action! Pelosi purchases call options on Broadcom, 10,000 shares of Nvidia, sells Tesla and Visa.
Analysis shows that if Nvidia continues to perform well in the second half of the year, even if the increase is only half of that in the first half of the year, Pelosi's new purchase of 10,000 shares will bring her about $1 million in profits, which is more than five times her annual salary.
The US election has stirred up the market! The speculation around Biden's withdrawal continues to ferment, and Wall Street turns to 'Trump's trade'.
Traders are adjusting their positions.
Wall Street Hits Records As A Slowing Economy Boosts Hopes For Lower Rates
Wall Street's record-breaking rally kept going Wednesday after weak reports on the U.S. economy kept the door open for possible cuts to interest rates.
Fed Officials Signaled No Hurry to Cut Rates
Fed minutes showed officials were broadly comfortable with their wait-and-see stance on changing interest rates and highlighted a range of views about what might prompt the Fed to raise or lower rates.
Fresh Highs for a Short Day | Herd on Wall Street
Morning traders! The short trading day of July 3rd began with a fresh all-time high for the
Nasdaq Hits Fresh All Time High | Market Story
The short trading day of July 3rd began with a fresh all-time high for the $Nasdaq Composite Index(.IXIC.US)$, up about 0.08% to a new intraday high of $18,065.35.Shortly after 10:11 am EST, the $S&P
Nouriel Roubini on Economy, French and US Elections
Nouriel Roubini, CEO of Roubini Macro Associates and professor emeritus at NYU Stern School of Business, discusses the outlook for the US economy, geopolitical risks and the potential impact of the French and US elections on global markets. He speaks on "Bloomberg The Close."
Pimco's Crescenzi Sees Goldilocks-Type Scenario for Stocks
Pimco Portfolio Manager and Market Strategist Tony Crescenzi says he expects cash flow for earnings, buybacks and dividends to stay high. He speaks on "Bloomberg The Close."
Bank of America report: Active funds cool on semiconductor stocks, while Nvidia remains popular.
The relative weight of the semiconductor industry has continued to decline from 1.16 times the level in June 2023 to 0.99 times.
Top Morgan Stanley strategist: Only an impact similar to the 'Bear Market' in the US stock market in 2022 can overturn the dominance of technology giants.
Large technology giants have been at the top of the US stock market in recent years, but their level of control has never been as strong as it is now.