00:00 Jared And investors are fully pricing in a Fed rate cut next week after weekend weaker-than-expected jobs data. Joining me now, Yahoo Finance Fed correspondent Jennifer Schonberger and Bill Adams, who’s the Comerica Bank chief economist. Jennifer, let’s start with you. Treasury Secretary Scott Besent wrote an op-ed in the Wall Street Journal over…
By at least one measure, the US stock market is more concentrated in its biggest names than it’s ever been. The top 10 stocks in the S&P 500 now make up about 40% of the benchmark index, an all-time high, according to Morningstar data. Morningstar High concentration in any portfolio can be risky because, while…
You’re trying to watch KPop Demon Hunters on Netflix for the 10th time and relax before bed. Then you get the push notification: “Trump says he’s firing a Fed governor.” This is tough news to process so late in the evening. You want to finish the movie, but now you’re worried about your money. Is…
The financial regulator has approved the London Stock Exchange to operate a new type of a private stock market, created to win more business from private firms and inject new life into the UK stock market. The system is called Pisces, the “private intermittent securities and capital exchange system”.Julia Hoggett, chief executive of the London…
Federal Reserve Chairman Jerome Powell signaled that the central bank might lower interest rates soon, which could reduce monthly credit card payments and facilitate borrowing for cars and homes, but he warned of economic challenges ahead.”In the near term, risks to inflation are tilted to the upside and risks to employment, to the downside. A…
The Dow Jones saw its lowest figures in over a week on Thursday. Equities are extending a near-term backslide as investors reconsider sky-high valuations. Forecast-beating PMI prints helped to limit losses, but markets remain concerned about rate cut forecasts. The Dow Jones Industrial Average (DJIA) softened on Thursday, testing 44,600 at its lowest point before…
(Refiles to correct spelling of Macron’s first name in paragraph 12) By Jamie McGeever ORLANDO, Florida (Reuters) -TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Many world markets took a breather on Monday as investors awaited the outcome of U.S. President Donald Trump’s extraordinary meetings with Ukraine’s Volodymyr…
The stock market rallied on the latest inflation report. The S&P 500 closed at a record high on Tuesday, while the Nasdaq rose over 1% and the Dow spiked nearly 500 points. The benchmark S&P 500 is up almost 10% year-to-date. Here’s where US indexes stood at the 4 p.m. ET closing bell on Tuesday:…
Foreign inflows to Chinese stocks will probably continue after the summer, as a regulatory push to boost shareholder returns, appealing valuations and rising expectations of interest-rate cuts in the US lure investors, according to Morgan Stanley. The rotation back to Chinese stocks was expected to be “stronger” after two consecutive months of net buying by…
Investors might be sitting on a secret weapon that could send stocks soaring. That’s according to Wall Street strategists, who say that a big reason to be bullish on stocks in the near term is the record $7 trillion in cash investors have stored in money markets fund. That money — sidelined in assets like…