After another jam-packed week of news and earnings, the earnings and economic calendar suggests a tamer five-day stretch awaits investors in the week ahead. Tech stocks this past week had one of their worst stretches of the year, with declines in Palantir (PLTR) and Nvidia (NVDA) leading the tech-heavy Nasdaq to a 3% decline. The…
This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning, along with: In lieu of official economic data (thanks, government shutdown), we have the Chipotle (CMG) economic indicator. And if it’s to be believed on an initial pass, we are either in a mild recession…
By Mike Dolan -What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets Edgier world markets appeared to bat away the latest testy exchanges in the re-heated U.S.-China trade war, helped by dovish soundings from the Federal Reserve boss that included signals about an imminent end to its balance sheet…
The biggest story for investors in the week ahead will be all the stories that won’t be told. Should the government remain shut down, releases including the Census Bureau’s imports and exports figures, wholesale trade and inventories, and the key jobless claims numbers from the Labor Department will be delayed. And this after we already…
The “Warren Buffett Indicator” is a simple yardstick that compares the total U.S. stock market’s value to the size of the U.S. economy. It’s recently surged above 200%, a level Buffett once warned is like “playing with fire,” signaling stretched valuations versus economic output. It’s soared because market values have risen far faster than GDP,…
By Laura Matthews, Lewis Krauskopf and Davide Barbuscia NEW YORK (Reuters) -Wall Street is preparing for disruption to economic data if a looming U.S. government shutdown goes ahead, which could cause investors to rely more on alternative data or take on more defensive positions as they anticipate volatility in asset prices. The U.S. Labor Department…
The major averages finished this past week little changed, as a light economic and earnings calendar saw investors take the week’s events in stride, even President Trump’s latest tariff surprise late Thursday. In the week ahead, however, looming developments may prove more troublesome for financial markets. Tuesday is set to be a pivotal day for…
(Reuters) -U.S. stock index futures were little changed on Thursday, pointing to a pause after a record-breaking rally this week as investors awaited fresh catalysts to keep up the momentum in what has been an unusually strong September for markets. The tentative moves reflect a broader sense of caution ahead of Friday’s release of the…
Opendoor Technologies (OPEN) shares spiked as much as 10% in morning trading after the company announced the departure of its CEO Carrie Wheeler effective immediately. Opendoor said it is searching for a new CEO to lead the ibuyer in its next growth phase, just weeks after the stock skyrocketed in a meme-fueled rally. The board…
U.S. stocks ended lower on Tuesday as investors weighed the impact of tariffs after a slew of companies cited higher duties in their earnings reports, and weaker-than-expected economic data dented their sentiment. All three major indexes ended in negative territory. The Dow Jones Industrial Average (DJI) declined 0.1% or 61.90 points to close at 44,111.74…