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A raft of economic data set to release Thursday include weekly jobless claims, durable goods orders and pending home sales. Here are what economists anticipate ahead of the reports.
Jobless claims for the week ending June 22 is expected to have increased by 240,000, according to economists polled by Dow Jones. That's up slightly from 238,000 the prior week.
Durable goods orders, which measures new orders with U.S. manufacturers of long-lasting ...
Jobless claims for the week ending June 22 is expected to have increased by 240,000, according to economists polled by Dow Jones. That's up slightly from 238,000 the prior week.
Durable goods orders, which measures new orders with U.S. manufacturers of long-lasting ...
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Federal Reserve Governor Cook: Suitable to Cut Rates at "Some Point" in the Future, Timing Uncertain
Cook stated that the timing of rate cuts depends on economic data. She predicted that inflation would significantly slow down next year, with core goods inflation potentially staying slightly negative, and core services inflation, excluding housing, gradually slowing.
$S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$
$S&P 500 Index (.SPX.US)$ $CBOE Volatility S&P 500 Index (.VIX.US)$ $Nasdaq Composite Index (.IXIC.US)$ $Dow Jones Industrial Average (.DJI.US)$ $ProShares UltraPro Short QQQ ETF (SQQQ.US)$ $ProShares UltraPro QQQ ETF (TQQQ.US)$
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“We still think it’s too early to write off the rest of the market in favor of the large-cap tech and Nvidia especially,” Bespoke Investment Group co-founder Paul Hickey said on Tuesday. “We look for the market to broaden out, but it’s not necessarily a binary choice between megacaps and smaller caps, but more bias going forward to looking at these other companies in the S&P 500.”
Wall Street will shift its attention toward fresh inflation data on Friday with the release of May’s personal consu...
Wall Street will shift its attention toward fresh inflation data on Friday with the release of May’s personal consu...
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Bowman believes that factors contributing to lower inflation, such as supply chain improvements and a surge in labor supply from immigration, are unlikely to continue.
Additionally, geopolitical issues, fiscal stimulus, and relaxed financial conditions pose further potential risks to inflation, possibly delaying rate cuts until 2025.
Bowman expressed an openness to raising ra...
Additionally, geopolitical issues, fiscal stimulus, and relaxed financial conditions pose further potential risks to inflation, possibly delaying rate cuts until 2025.
Bowman expressed an openness to raising ra...
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Tech stocks led by $NVIDIA (NVDA.US)$ continued to drag down the broader market. $S&P 500 Index (.SPX.US)$ and $Nasdaq Composite Index (.IXIC.US)$fell for the third consecutive day, while $Dow Jones Industrial Average (.DJI.US)$rose for the fifth straight day, reaching a one-month high. AI stocks experienced significant declines, with Nvidia plummeting 6.7% and losing over $400 billion in market value over three days, falling below the $3 trillion mark and entering correction territory. $Broadcom (AVGO.US)$dropped ne...
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The preliminary June PMI data surpassed expectations across the board, with service sector activity slightly rebounding to the fastest growth in over two years, indicating resilience in overall business activity as Q2 draws to a close. With easing price pressures and lower borrowing costs on the horizon, the outlook has improved.
Following the data release, ...
Following the data release, ...
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US inflation is expected to dip while Australia's rises,creating a mixed economic picture.The upcoming Trump-Biden debate could impact the markets,with some fearing a Trump win might hurt nuclear energy stocks that have been on a positive run.Investors are watching uranium ETFs such like URA and uranium stocks such a Constellation Energy $Constellation Energy (CEG.US)$Paladin Energ...
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