U.S. stock futures traded sideways Wednesday evening after a turbulent day in markets that saw the Nasdaq close in correction territory — or at least 10% down from its peak — as rising bond yields and concerns around tighter monetary policy continued to plague investors. Contracts on all three major indexes hovered near breakeven after the tech-heavy Nasdaq Composite logged a closing level more than 10% below its November record high in the earlier session The Federal Reserve is in a… Source link
Read More »Federal Reserve may trigger “deep corrections’ in stock market in 2022 with its actions, strategist warns
Investors should buckle up as it could get hairy this year with the Federal Reserve poised to begin lifting interest rates from rock bottom levels. “I definitely think we will experience more volatility in 2022 than what we have seen certainly over the last year, but even going back over the last decade. We started to see in 2021 volatility creep up, and I think we will see volatility creep up even further in 2022,” said Pimco portfolio manager Erin Browne on Yahoo Finance… Source link
Read More »Expect a major market sell-off in first half of year: Strategist
Expect a market sell-off so significant that the Federal Reserve will likely “not carry through” with all of its anticipated rate hikes this year, predicts macro investor Felix Zulauf. “I doubt that they will be as hawkish going through the year as they are saying now,” the CEO of Zulauf Consulting told Yahoo Finance. “My expectation is that we have a sharp sell-off in the markets, maybe 30% from the highs, into the summer, and then the Fed and other central banks will panic,” he added. “In… Source link
Read More »Stock market news live updates: January 18, 2022
U.S. stock futures fell sharply Tuesday morning as investors geared up for a holiday-shortened week rife with quarterly earnings reports from companies across all three major indexes. Contracts on the tech-heavy Nasdaq plunged in early trading, shedding 1.82% to 15,311.75 as Wall Street continued to weigh the likelihood of imminent interest rate hikes. Futures on the Dow Jones Industrial Average also edged lower, down about 0.73%, or 263 points in early trading, while the S&P 500 declined… Source link
Read More »What happens to the stock market when interest rates rise?
With the Federal Reserve now widely expected to jack up interest rates in March to beat back rampant inflation, investors in the stock market should buckle up for a more muted few months of returns, says Goldman Sachs chief U.S. equity strategist David Kostin. The S&P 500 has been “resilient” around the start of Fed hiking cycles in the past, Kostin notes. But one could interpret that resiliency Kostin speaks of in different ways. The first is that the stock market didn’t fall off a cliff… Source link
Read More »Warren Buffett says these are the very best businesses to own — with so much uncertainty in the market, stick to this trio of top stocks
Warren Buffett says these are the very best businesses to own — with so much uncertainty in the market, stick to this trio of top stocks Never forget the basics. While we’re constantly bombarded with confusing investment mumbo jumbo, we should never forget that companies largely exist for one main reason: to take capital from investors and earn a return on it. That’s why it makes sense for investors to look for businesses, with durable competitive advantages, that are able to consistently… Source link
Read More »Facebook, Google CEOs aware of formal advertising market deal — court filing
The company and law firm names shown above are generated automatically based on the text of the article. We are improving this feature as we continue to test and develop in beta. We welcome feedback, which you can provide using the feedback tab on the right of the page. WASHINGTON, Jan 14 (Reuters) – Chief executives of Alphabet Inc’s Google (GOOGL.O) and Facebook (FB.O) were aware of a deal to carve up part of the online advertising market, according to an amended complaint filed by Texas… Source link
Read More »Zuckerberg and Google CEO approved deal to carve up ad market, states allege in court
Among other new details, the new filing alleges that Sheryl Sandberg, Facebook’s chief operating officer, helped negotiate the agreement and urged Zuckerberg’s approval, calling it “a big deal strategically.” The complaint says the team that negotiated the deal sent Zuckerberg an email telling him, “We’re nearly ready to sign and need your approval to move forward.” “Facebook CEO [REDACTED] wanted to meet with COO [REDACTED] and his other executives before making a decision,”… Source link
Read More »Ford just hit a $100 billion market cap — why its stock may crash 52%
The wins keep piling up for Ford (F). Impressive orders for the new electric F-150. Ford scion Bill Ford buying a slug of stock in a show of confidence. This week the auto giant’s market cap burst through $100 billion, while crosstown rival GM (GM) stays stuck in neutral at about $89 billion. Despite these grabby headlines, long-time auto analyst Adam Jonas of Morgan Stanley thinks Ford shares have gotten ahead of themselves. How ahead? The veteran number cruncher said in a new note he… Source link
Read More »Why Omicron is a bigger market risk in 2022 than people think
U.S. markets have largely shaken off Omicron fears, witnessed by the pop in cruise line stocks Thursday despite a general market sell-off. But surging COVID-19 infections in China, beyond the early pandemic peak, are leading one strategist to warn of an underpriced risk to inflation that could weigh on stocks. At a recent Yahoo Finance Plus webinar, Bianco Research President Jim Bianco argued that China’s zero tolerance COVID policy could lead to a nationwide shutdown — causing economic… Source link
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