Tag Archives: rally

U.S. stocks extended a dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020. The S&P 500 (^GSPC) rose 1%, while the technology-heavy Nasdaq Composite (^IXIC) gained 2%. The Dow Jones Industrial Average (^DJI) turned positive heading into the close after lagging behind the other indexes for much of the session. Treasury yields held steady following their steepest one-day decline Thursday in more than a decade. A Source link

U.S. stocks posted outsized gains Thursday, logging their biggest one-day climb in two years, as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies. The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and 0.5% monthly gain. Moderations in the data again fueled bets that the Federal… 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, Nov. 4, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. Avid watchers of Yahoo Finance’s live programming might have noticed a theme emerging over the past week regarding the Federal Reserve meeting… Source link

The stock market may have come on too hard, too fast in October given the negative news facing investors into year end. “We believe the October rally in risk assets is really on shaky ground because markets previously were looking for a dovish pivot from the Fed and then they were looking for a pause from the Fed,” BlackRock Chief Investment Strategist Wei Li said on Yahoo Finance Live (video above). “So it feels like markets want to see some positive development in terms of a dovish message… Source link

U.S. stocks wavered Wednesday morning after reactions to weak earnings from Alphabet (GOOGL) and Microsoft (MSFT), raising concerns that slowing output could dent corporate profits in the coming months. The technology-heavy Nasdaq Composite (^IXIC) plummeted by as much as 2% in early trading. Both the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) inched higher by 0.4% and 0.9%. Stocks have rallied of late, posting three straight days of gains. The Nasdaq jumped 2.3% in Tuesday… Source link

As if it weren’t enough to have AI tanning humanity’s hide (figuratively for now) at every board game in existence, Google AI has got one working to destroy us all at ping pong as well. For now they emphasize it is “cooperative,” but at the rate these things improve, it will be taking on pros in no time. The project, called i-Sim2Real, isn’t just about ping pong but rather about building a robotic system that can work with and around fast-paced and relatively unpredictable… Source link

U.S. stocks soared early Monday as investors assembled for a big week of corporate earnings. The S&P 500 (^GSPC) rallied 2.1% at the start of the session, while the Dow Jones Industrial Average (^DJI) gained nearly 500 points, or 1.7%. The technology-heavy Nasdaq Composite (^IXIC) surged 2.6%. Special programming: Check out Yahoo Finance’s 9th Annual Yahoo Finance All Markets Summit from 9 to 5 ET. The moves come after a roller coaster week on Wall Street that saw the S&P 500 log its… Source link

For most of Game 1 on Tuesday, the Seattle Mariners looked poised for an upset in their ALDS matchup with the top-seeded Houston Astros. Yordan Alvarez had other ideas. With his Astros facing a 7-5 deficit in the bottom of the ninth inning, the Houston slugger launched an 0-1 pitch from Robbie Ray into the right-field stands for a 3-run walk-off home run to secure an 8-7 win. The upper-deck blast concluded a rally from 4-0 and 7-3 Houston deficits to secure a 1-0 series lead for the… Source link

The 2022 MLB season is advancing into a brave new world, a 12-team postseason bracket that will decide a champion over the next month. The burst of high-stakes baseball pits eight teams against each other — Guardians-Rays, Cardinals-Phillies, Blue Jays-Mariners, Mets-Padres — for the right to advance. And it’s getting real fast. The new best-of-three wild-card series began Friday with the Padres humbling Max Scherzer and the Phillies turning the tables on St. Louis. The top seeds they… Source link

History shows the stock market loves the period after the midterm elections — but that might not be the case in the wake of this year’s Nov. 8 election. “A lot of things will drive the stock market,” Gargi Chaudhuri, head of iShares investment strategy at BlackRock Americas, said on Yahoo Finance Live. “I don’t want to base it entirely upon the Fed and elections only. … But all else equal, if you are just giving me a hawkish Fed and a divided government, I think it is just going to be… Source link