Investors aren’t letting a little bad news bother them. Despite some unsettling developments, Wall Street roared to new records this week. Even with tariff-inducted inflation rising and growing signs of stress in the labor market, the focus now is on healthy corporate profits and aid on the way from Washington. Among the worst of it:…
The August jobs report could be a market-moving event, with the data impacting how investors see the economy and the outlook for Federal Reserve rate cuts. Economists polled by Dow Jones expect a 75,000 job gain. Daniel Morris, chief market strategist of BNP Paribas, doesn’t see a big market reaction unless the number is approximately…
My top 10 things to watch Tuesday, Sept. 2 1. New tariff drama was setting Wall Street up for a sharply lower open this morning. The S & P 500 finished lower Friday but higher for the fourth straight month. Embarking on the first day of trading in September, historically the worst month of the…
Retail investors, who have nailed the market comeback this year, loaded up on their artificial intelligence favorite Nvidia headed into September, along with a number of other tech names, according to JPMorgan’s data. Nvidia topped the list of top 10 single stocks with largest weekly retail order imbalance over the past week with $867 million…
The conundrum of the stock market going down ahead of Jackson Hole confounded me. With a market that had been headed down every day, except for deep cyclicals and housing-related stocks, the setup seemed extreme. By the end of the week, the bet was one way: Federal Reserve Chairman Jerome Powell , perhaps because he…
The Club’s 10 things to watch Friday, Aug. 22 — Today’s newsletter was written by Portfolio Analyst Zev Fima and Director of Portfolio Analysis Jeff Marks. 1. It’s Fed day. Wall Street will be hyper-focused on what Fed Chair Jerome Powell has to say today during his speech at the central bank’s annual economic symposium…
Check out the companies making headlines in midday trading: Coty — Shares of the beauty retailer plummeted more than 20% following its latest quarterly results. While its revenue of $1.25 billion beat the $1.20 billion that analysts surveyed by LSEG were expecting, it posted a loss per share of 5 cents, more than the 2…
The Club’s 10 things to watch Thursday, Aug. 21 — Today’s newsletter was written by Zev Fima, the Investing Club’s portfolio analyst. 1. We’re headed for another lower open. Dow futures are notably down roughly on par with the tech-heavy Nasdaq , which has been hit harder in the recent market rotation, falling over 2%…
Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers were watching as the S & P 500 logged a fourth straight losing day, and what’s on…
Here are five key things investors need to know to start the trading day: 1. Jackson Hole 101 It’s a good week to be a restaurant or hotel in Jackson Hole, Wyoming. Economic policymakers, market participants and government officials are descending on the town for the Kansas City Federal Reserve’s annual policy symposium, which kicks…