Tag Archives: market

(Bloomberg) — Wall Street’s favorite FAANG is mired in its worst monthly stock performance in two years and analysts are counting on earnings to pull it out of the tailspin. Most Read from Bloomberg Google owner Alphabet Inc. is down about 13% in April, erasing $237 billion in market value as jittery investors dump growth stocks amid fears of bigger and faster rate hikes thanks to rising inflation. One constant in the turmoil: analysts’ enthusiasm, with zero sell and hold recommendations… Source link

U.S. stock futures were flat in extended trading Monday after markets staged a rebound to end higher in the earlier session as investors look ahead to a batch of mega cap tech earnings in the coming days. Contracts on all three major indexes were little changed after the Dow Jones Industrial Average recovered an intraday loss of nearly 500 points and closed in the green, snapping a five-day losing streak. The S&P 500 also bounced back from declines to close the trading session above… Source link

(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg The Federal Reserve isn’t going to hike rates as much as markets are currently betting, according to Cathie Wood. The strategies of ARK Investment Management LLC, where Wood is founder and chief executive officer, have struggled recently amid fear of inflation, she said via video to the Seedly Personal Finance Festival in Singapore. The firm’s flagship ARK… Source link

Around three million people who left the workforce during the pandemic still don’t want to return, blaming virus fears.AP Millions who left the labor force last year don’t plan to return to work, shops, or eating out. Women, those without a college degree, and people in low-paying sectors are least likely to return. A worker shortage will likely put more pressure on wages and prices even as the Fed increases rates. Millions of Americans who left the workforce last year plan to stay away… Source link

Making money in the stock market will likely look different over the next few years compared to the low interest rate era seen from the end of the Great Financial Crisis, says BlackRock’s CIO of U.S. fundamental equities Tony DeSpirito. “It’s a really big deal,” says DeSpirito on Yahoo Finance Live. DeSpirito explains that since the end of the financial crisis, the economy has experienced very low growth, very low inflation and very low rates. But those factors largely ended during the… Source link

Goldman Sachs isn’t yet ready to join the chorus of its peers in calling a U.S. recession, but it sure appears to be inching closer to that frenzied camp. “We do put some weight on the historical patterns [of the labor market] and believe that the overheating of the labor market has raised the risk of recession meaningfully. The yield curve seems to discount a recession probability in 2023 of about one in three, roughly double the unconditional average, and we would broadly concur with this… Source link

(Bloomberg) — The U.S. bond market is hurtling toward the clearest sign yet that the Federal Reserve’s shift into a hawkish gear is making a difference — a real 10-year interest rate higher than 0%. Most Read from Bloomberg While all Treasury yields have climbed this year as the Fed began what’s expected to be an aggressive series of rate increases aimed throttling high inflation, in the past two weeks the baton has been passed to inflation-protected notes and bonds. Their yields are… 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, April 8, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Before tensions escalated between Ukraine and Russia in February, a bullish stock market story had been unfolding: Wall Street analysts were revising up their forecasts for 2022 and 2023 corporate earnings. Since then, geopolitical risks… Source link

U.S. stock futures were flat ahead of overnight trading Wednesday following a hawkish readout of minutes from the Federal Reserve’s last policy-setting meeting that hinted officials were poised to intervene more aggressively to curb inflation, sending the major indexes tumbling in the earlier session. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite hugged the flatline in extended trading after a two-day losing streak for the benchmarks. The tech-heavy Nasdaq,… Source link

A version of this post was originally published on TKer.co Deutsche Bank made waves on Tuesday when its economists became the first of the major Wall Street analysts to say the U.S. economy would soon go into recession. “Two shocks in recent months, the war in Ukraine and the build-up of momentum in elevated U.S. and European inflation, have caused us to revise down our forecast for global growth significantly,” Deutsche Bank economists, led by David Folkerts-Landau and Peter Hooper,… Source link