STORY: U.S. stocks ended little changed on Thursday, giving up an initial rebound following a sharp selloff the day before. The Dow ticked up marginally, barely snapping a ten-session losing skid, its longest since 1974. The S&P 500 and Nasdaq each ticked down about a tenth of a percent. The prior session saw all three…
The Dow Jones (DIA) finally snapped its nine-day losing streak on Wednesday, inching up 0.3%, a small but welcome rebound after its longest slump since 1978. Investors are shifting their bets, rotating out of old-school industrial stocks and piling into tech heavyweights. The Nasdaq (NASDAQ:QQQ) is riding high, up 4.6% this month, while Nvidia (NASDAQ:NVDA)…
The October jobs report was weak, with a sharp slowing in net nonfarm payrolls due to hurricane-related disruptions and strikes. The November jobs report is likely to reflect more jobs and a rebound in payrolls, although the unemployment rate could rise further. Workers deliver Amazon packages on Black Friday in New York, US, on Friday,…
Stocks drifted higher leading into the shortened trading week that includes the Thanksgiving holiday. The Dow Jones Industrial Average (^DJI) gained nearly 2% for the week while the S&P 500 (^GSPC) and tech-heavy Nasdaq Composite (^IXIC) added over 1.5%. In the week ahead, a fresh reading on the Fed’s preferred inflation gauge, the Personal Consumption…
October’s annual inflation rate may have ticked up for the first time in seven months, suggesting the period of steady price declines could be stabilizing after more than two years of gradual cooling. Donald Trump’s election victory has introduced significant uncertainty about future inflation trends and how the Federal Reserve might respond if inflation picks…
The Federal Reserve cut interest rates by 0.25% on November 7. The labor market has softened, and year-on-year inflation rates have eased, leaving the door open for more interest rate cuts in the future. Federal Open Market Committee projections from September 2024 reflected expectations of rate cuts through the end of 2026. Federal Reserve Board…
Listen and subscribe to Stocks in Translation on Apple Podcasts, Spotify, or wherever you find your favorite podcasts. The economy continues to chug along, and this week’s batch of economic data — GDP, JOLTs, the Fed’s preferred inflation gauge, and a jobs report — is expected to provide evidence that the soft landing is here….
We recently published a list of 10 Best-Performing S&P 500 Stocks in the Last 3 Years. In this article, we are going to take a look at where Broadcom (NASDAQ:AVGO) stands against other best performing S&P 500 stocks in the last year. The past three years have been a bit of a roller coaster ride…
Equities declined for the second day running on Tuesday as rising interest rates darkened an initially robust earnings season. This came as the Dow Jones Industrial Average closed flat, the S&P 500 was down almost 0.15%, and the Nasdaq Composite was down by less than 0.1%. The increase in interest rates was signified by the…
By Alden Bentley NEW YORK (Reuters) – A look at the day ahead in Asian markets. Wall Street got back on track Tuesday, encouraged that the Fed seems confident enough in the U.S. growth picture to ease up on the easing, but investors have been reticent ahead of the release of minutes from the September…