Tech Memes Print Enough Green To Make Records | Wall Street Today
The Nasdaq Index reached a record closing high Tuesday, pushed up by a second day of meme stock volatility climbing about 0.75% to 16,511.18.
Nasdaq Index Closes at Record High, Eyes Look Toward CPI | Market Story
The Nasdaq Index closed at a record high, pushed up by a second day of meme stock volatility.
Here's How High Biden's New Tariffs on Chinese EVs, Chips and Medical Gear Go
President Joe Biden's administration has rolled out its much-anticipated new tariffs targeting Chinese electric vehicles and other key products from the country.
Powell Expects Inflation to Move Down but Isn't Completely Confident in This Forecast
Federal Reserve Chair Jerome Powell said Tuesday that he sees inflation retreating in the coming months and pushed back on the expectation of some economists that the next move by the central bank will be to raise interest rates.
Express News | Fed Chair Powell: We Think It's Probably a Matter of Staying at Current Policy Rate for Longer
April CPI Preview: Fed Is Likely to Remain Hawkish Despite Possible Core Inflation Alleviation
The upcoming inflation report likely won't bolster policymakers' confidence to cut rates very soon. Still, the inflation picture for April will be marginally better — or at least, no worse — than in March.
S&P Flat While More Equities Decline By Market Close | Market Story
Shortly before 10:30 Am EST, the $S&P 500 Index(.SPX.US)$ climbed 0.15%, the $Dow Jones Industrial Average(.DJI.US)$ grew 0.22%, and the $Nasdaq Composite Index(.IXIC.US)$ climbed 0.30%.
Stock-Market Bulls Shouldn't Fear a Long Fed Pause Before Interest-Rate Cuts
History may offer relief to stock-market bulls worried about the Federal Reserve's continued reluctance to begin cutting interest rates.
Fed's Jefferson Says Slowing Progress on Inflation Is 'a Source of Concern'
Fed vice chair backs holding rates steady until there is evidence that inflation is falling.
The fundamentals of “Magnificent 7” are rock solid! Is it still the “main force” leading US stocks to soar?
Shares rose rapidly after Facebook's parent company Meta and Google parent company Alphabet announced new dividends; currently, tech giants still spend more money on share buybacks than dividends.
Investors Crowd Into Soft-Landing Trade Ahead of Crucial Inflation Data -- WSJ
Three straight months of hot inflation data dented Wall Street's confidence that a series of interest-rate cuts is set to start at any minute. Investors are hoping the fourth time is the charm.
Goldman Strategists Say Loss-Making US Companies Face Rates Risk
Risks are mounting for some US firms that haven’t ever turned a profit as they’re compelled to raise capital at elevated interest rates to “remain solvent,” according to Goldman Sachs Group Inc. strategists.
The “high wall of debt” of 600 billion US dollars has firmly trapped US small-cap stocks! Wall Street casts a “vote of no confidence”
Expectations of interest rate cuts continued to cool down, disrupting the market's long-awaited rebound in small-cap stocks; short positions held by hedge funds reached one of the highest levels in history.
Inflation Moving 'a Baby Step' in the Right Direction? Here's What Wall Street Economists Expect From This Week's Big Reports
After a quiet week for U.S. economic indicators, this week will ramp up with Wednesday's release of the key April consumer price index.
Stocks Poised for Lower Open
Stocks are poised to open lower in New York on Monday as investors await a key inflation reading later in the week and ahead of earnings reports from major retailers.
Inflation Trap? Stock Market's Near-record Run Faces the Most Crucial CPI Reading of 2024
U.S. stocks could run into a mousetrap en route back to record territory, with this week's reading of consumer prices potentially being the year's most consequential.
BNP Paribas Sees 'Rangy Trading' This Summer as Econ Data Cools off
This Stock-Market Rally Isn't What It Seems -- Heard on the Street
To anybody listening to Wall Street analysts, it might sound like all the market volatility of the past couple of months has had to do with small changes in the economy and the Federal Reserve's potential response.
Fed Depends on Troubled Data. That's a Problem
The Bureau of Labor Statistics has revised payrolls downward by 124,000 jobs so far this year. The revisions reduced January's initially reported gain of 353,000 -- a shockingly outsize number -- and brought the average monthly pace of job growth down to a more reasonable 256,000 level through April.
Stocks Lift Off, but Earnings Could Bring Them Back to Earth
Things on Wall Street and Main Street seem to be moving in opposite directions. The S&P 500 index has returned to within 1% of its record high, while the University of Michigan's latest reading of consumers' attitudes about the economy took a tumble to a six-month low. So, in this tale of two tallies, is it the best or worst of times?