Tag Archives: market

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

U.S. stock futures withered Thursday morning, hinting at a lower open as the previous session’s rally fails to hold ground. Futures tied to the S&P 500 (^GSPC) declined 0.3%, while futures on the Dow Jones Industrial Average (^DJI) slipped 80 points, or 0.2%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.4%. The moves come after all three major averages booked gains of more than 1.5% on Wednesday, boosted by a rebound in consumer outlooks and upbeat earnings from… Source link

Entering a second straight NBA winter with more teams looking to upgrade their rosters rather than selling off valuable veterans, no rival front office may be monitoring the sputtering Chicago Bulls’ decision-making closer than that of the Orlando Magic. It was this time two years ago league executives were circling Orlando as the trade deadline approached, and the Magic delivered: dispensing Nikola Vucevic, Aaron Gordon and Evan Fournier across the postseason map. The ramifications of that… Source link

Entering a second straight NBA winter with more teams looking to upgrade their rosters rather than selling off valuable veterans, no rival front office may be monitoring the sputtering Chicago Bulls’ decision-making closer than that of the Orlando Magic. It was this time two years ago league executives were circling Orlando as the trade deadline approached, and the Magic delivered: dispensing Nikola Vucevic, Aaron Gordon and Evan Fournier across the postseason map. The ramifications of that… Source link

U.S. equity futures clawed higher in the early trade Monday after stocks booked consecutive weekly losses for the first time since late September. Futures tied to the S&P 500 (^GSPC) advanced 0.5%, while futures on the Dow Jones Industrial Average (^DJI) inched up about 70 points, or 0.2%. Contracts on the technology-focused Nasdaq Composite (^IXIC) were up by 0.4%. Over last week, the S&P 500 shed 2.1%, the Dow 1.7%, and the Nasdaq 2.7%. In other areas of the market, U.S. Treasury yields… Source link

The stock market is on track to take a leg lower this week as investors swerved to assess what kind of damage the Federal Reserve has already done to the economy following a series of aggressive inflation-fighting rate hikes. “We believe that yesterday was yet another example of how investors are changing their focus… from what the Fed is going to do… to what the Fed has already done… and what their significant tightening policy will do to the economy in 2023 (now that it is finally… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Lennar (LEN) reported a slowdown in new home orders in its fourth-quarter as the housing market remains in correction mode. Lennar said this week new home orders dipped 15% year-over-year in the fourth quarter, reaching 13,200 homes, beating estimates for 12,854 to be delivered. The homebuilder posted quarterly results that topped Wall Street expectations, with earnings per share coming at $5.02 compared to $4.89 consensus estimates compiled by Bloomberg. Revenue in the quarter totaled to… Source link

Stock futures were lower early Friday, continuing the downward momentum seen during Thursday’s deep sell-off. Near 7:45 a.m. ET, futures tied to the Dow and S&P 500 were off about 1%, while Nasdaq futures were down 0.7%. After rebounding earlier this week, the stock market is on pace to log weekly losses again after last week saw the S&P 500 suffer its worst weekly loss since late September. The price of crude oil was also under pressure early Friday, with WTI futures down over 2% to trade near… Source link

The bulls probably don’t want to hear this, but the bottom for this current bear market cycle may not be in place yet. “Frankly, the history of bear markets is such that when you think about it in the context of that October low that we had, no bear market has ever bottomed before the recession started,” Julian Emanuel, strategist at Evercore ISI, pointed out on Yahoo Finance Live (video above). “We don’t necessarily need to see the full breadth and depth of the recession — we need to see… Source link