Tag Archives: market

As the Federal Reserve continues its hawkish market reset – which has contributed to a rise in interest and mortgage rates – real estate experts are sounding the alarm that “big trouble” lies ahead for the U.S. market. “When you have a rise and increase in interest rates like we’ve had, that is a big problem for housing. Interest rates are like the mother’s milk of housing,” Pulte Capital CEO Bill Pulte told FOX Business’ Maria Bartiromo Thursday. “And if you cut it off, you’re in big… Source link

As the Federal Reserve continues its hawkish market reset – which has contributed to a rise in interest and mortgage rates – real estate experts are sounding the alarm that “big trouble” lies ahead for the U.S. market. “When you have a rise and increase in interest rates like we’ve had, that is a big problem for housing. Interest rates are like the mother’s milk of housing,” Pulte Capital CEO Bill Pulte told FOX Business’ Maria Bartiromo Thursday. “And if you cut it off, you’re in big… Source link

BlackRock (BLK), the world’s largest asset manager, will lay off about 500 employees — or roughly 3% of its workforce — according to an internal email seen by Yahoo Finance. The investment giant joins a growing number of Wall Street firms trimming their headcount after last year’s market rout and as Corporate America ramps up hiring freezes and job cuts. “This week, after meaningful headcount growth in recent years, we are making some changes to the size and shape of our workforce,” CEO… Source link

U.S. stock futures pulled back early Tuesday as Wall Street processed hawkish rate talk from Federal Reserve officials and awaited comments from Chair Jerome Powell. Futures tied to the S&P 500 (^GSPC) dropped 0.5%, while futures on the Dow Jones Industrial Average (^DJI) shed 150 points, or 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) declined by 0.7%. Fed chief Powell is scheduled to participated in a panel discussion at the Sveriges Riksbank International Symposium on… Source link

Tesla’s beat-up stock (TSLA) price may have one more move left in it to the downside before buyers could finally emerge with a little gusto. At least that’s the message from Tesla’s stock chart. “Tesla is now officially oversold,” said market technician and Fundstrat Managing Director Mark Newton on Yahoo Finance Live (video above). “I’m looking right down under $100 right before Tesla’s earnings happen right towards the end of the month, and that’s when a lot of my own cycles start to show… Source link

U.S. equity futures crept higher early Monday as stocks attempted to sustain momentum from their first big rally of the year last week. Futures tied to the S&P 500 (^GSPC) rose 0.4%, while futures on the Dow Jones Industrial Average (^DJI) added 95 points, or 0.3%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up 0.4%. Shares of Bed Bath & Beyond (BBBY) gained 19% in pre-market trading — at one point ripping as much as 75% higher — after wiping out nearly half of their… Source link

U.S. stock futures were higher Friday morning after the December jobs report showed the economy added more jobs than expected in the final month of 2022. About 40 minutes before the market open, futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) were up about 0.9%, while contracts on the technology-heavy Nasdaq Composite (^IXIC) were higher by closer to 1%. The Labor Department’s final jobs report of 2022 showed the economy added 223,000 jobs last month while the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 6, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on the go with the Yahoo Finance App. Investors have heard the adage a lot lately — good news is bad news, and vice versa. In today’s economy, positive data on job… Source link

U.S. stock futures pointed to gains at Tuesday’s open as Wall Street returned from the long holiday weekend to barrel through the final four trading days of 2022. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) each advanced 0.7%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up 0.5%. A move by China to scrap quarantine requirements for inbound travelers beginning Jan. 8 gave sentiment a boost, with the country broadening its reopening after… Source link

More pain for investors lurks in 2023, warns the strategy team at BlackRock. In a new report, BlackRock contends that stock valuations don’t yet “reflect the damage ahead.” The money manager says it will “turn positive on equities” when it believes valuations fully reflect the “damage” on the horizon. One of the lead authors of the report — strategist Wei Li — told Yahoo Finance Live (video above) investors need to be on high alert for several factors that could bring the S&P 500 back… Source link