The Producer Price Index (PPI) cooled month-over-month in September, holding steady while economists expected a 0.1% increase in prices. The inflation indicator did see gains of 1.8% year-over-year, above estimates for 1.6%. This all comes as the Federal Reserve considers whether to push through additional interest rate cuts at its November meeting or hold rates…
After 15 years of bullishness on Honeywell , JPMorgan is finally moving to the sidelines. In a Thursday note, the Wall Street bank downgraded shares of the Charlotte-based industrial manufacturer to a neutral rating from overweight. At the same time, analysts led by Stephen Tusa lifted the price target to $235 from $225. Shares of…
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 11, 2024 in New York City. Angela Weiss | AFP | Getty Images Stock futures were little changed on Thursday evening, as investors looked ahead to a wholesale inflation reading and quarterly results from major banks. Futures tied…
Honeywell stock received a rare downgrade from JPMorgan on Thursday. It’s the first time in more than a decade that analysts at the firm lowered their rating. The news JPMorgan cut Honeywell to neutral from buy, citing concerns about its newly announced materials spin-off . Shares of Honeywell were down roughly 0.6% after the call….
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Stocks are slightly lower Thursday, but not far from the S & P 500 ‘s record close set Wednesday. Oil spiked a few dollars per…
This report is from this week’s CNBC’s “Inside India” newsletter which brings you timely, insightful news and market commentary on the emerging powerhouse and the big businesses behind its meteoric rise. Like what you see? You can subscribe here. The big story The investment world has quickly swapped its insignia over the past couple of weeks….
Traders work on the floor of the New York Stock Exchange. NYSE U.S. stock futures hovered near the flatline Tuesday night following a winning session for the major averages. Dow Jones Industrial Average futures rose 11 points, or 0.03%. S&P 500 futures and Nasdaq 100 futures dipped 0.01% and 0.01%, respectively. Wall Street is coming…
Stock futures were calm on Sunday evening as Wall Street looks to keep the momentum from Friday’s rally. S&P 500 futures added 0.1%. Nasdaq 100 futures were up roughly 0.2%, while Dow Jones Industrial Average futures ticked up 57 points, or about 0.1%. The move in futures comes after a bumpy week for stocks that…
Friday’s rally on a strong jobs report gained momentum into the close and pushed the stock market into the green for the week. The S & P 500 , the Dow , and the Nasdaq just barely overcame Tuesday’s sharp losses on rising tensions in the Mideast that boosted oil prices and the CBOE volatility…
The rocky start to October trading has left Wall Street wondering what can boost stocks in the near-term. The three major averages eked out modest gains after a wobbly week. The Dow Jones Industrial Average and Nasdaq Composite each added 0.1% on the week, while the S & P 500 rose 0.2%. Stocks struggled this…