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.
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.
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.
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
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.
RBC Calls Itself 'A Nervous And Jumpy Bull' As It Raises S&P 500 Outlook
RBC Capital Markets raised its outlook on the S&P 500 Index for the second half of this year, but it is doing so with trepidation.The investment bank lifted its 2024 price target for the S&P 500 from
Market Climbs Tuesday Afternoon
Indexes are Tuesday mixed after starting the second half of the year out advancing Monday. The $标普500指数(.SPX.US)$ was trading flat just after 10:30 am EST, while the $道琼斯指数(.DJI.US)$ traded lower 0.03
Powell Sees Work To Do, Tesla Deliveries Fall, and the Market Loves It | Herd on Wall Street
Morning traders! The market is advancing on Tuesday, July 2nd, but Indexes are mixed. My name is Kevin Travers, and I am watching lower Tesla delivery numbers year over year inspire the largest stock price run-up for Tesla for the last couple of months.
Is the US labor market showing signs of losing momentum? Investors are closely watching two key reports this week.
The hot labor market has always been a key obstacle preventing the Fed from cutting interest rates.
Former top streamer was "brought down from the altar of gods"? Morningstar: "Wood Sister" evaporated $14 billion in the past 10 years!
A recent analysis report from Morningstar stated that Ark Invest, led by Cathie Wood, has lost about $14.3 billion in wealth over the past decade.
Kitty Has a New Chew Toy | Wall Street Today
Happy Monday, July 1st, the start of the year's second half and third quarter.
Market Falls While Indexes Climb Monday | Market Story
Indexes traded higher Monday, while overall, there were more declining equities than advancing. Just after 2:10 pm EST, the $Dow Jones Industrial Average(.DJI.US)$ cliumbed 0.10%, while the $S&P
S&P Global US Final Manufacturing PMI Revised Lower, ISM Falls
The S&P Global US manufacturing index for June was downwardly revised to 51.6 from the flash reading of 51.7, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:50 am