Tag Archives: rally

After the S&P 500 posted its worst first-half performance since 1970, many investors are wondering whether the downtrend would continue for the remainder of the year. But according to CNBC’s Jim Cramer, we could be at a turnaround. “I said to [David Faber] that July 13th will be the bottom. I said that in February,” he reminds viewers. Cramer also uses analysis from market technician Larry Williams to show that the market could be ready for a rebound in the not-so-distant future. “The… Source link

(Bloomberg) — Stock dip-buyers across the ETF world have vanished after seeing their account balances ravaged too many times in the 2022 meltdown. Most Read from Bloomberg Three times, to be specific. That’s the number of 5% bounces that have failed to endure in the S&P 500 this year — luring billions of dollars to exchange-traded funds in every rebound. Not this time. As the S&P 500 jumped more than 6% through Friday from its 2022 trough, roughly $10 billion was pulled out of equity funds,… Source link

Stocks were higher, but ultimately little changed, near midday on Wednesday, reversing losses seen shortly after the opening bell. Near 12:00 pm. ET, the S&P 500 and Dow were up about 0.1%, while the Nasdaq was higher by about 0.2%. All three averages had fallen more than 1% at the opening bell. On Tuesday, the first day of this holiday-shortened trading week, each of the three major indexes rose more than 2%, the S&P 500 logging its best day since early June with the Dow gaining the most… Source link

By Sam Byford TOKYO (Reuters) – Asian stocks slipped across the board on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.39%, still up 1.02% on the more than five-week low it hit on Monday. Tokyo’s Nikkei gave up early gains and was flat. Investors are continuing to… Source link

SAN FRANCISCO — The Golden State Warriors had just tacked on a blistering 38 points in the third frame of Game 1 of the NBA Finals against the Boston Celtics on Thursday evening. For a Celtics squad that prides itself on the defensive end, it was a punch to the gut. The Warriors were up a comfortable 12. The crowd was deafening inside Chase Center, with two fans strolling through the 126-section concourse shouting, “We’re about to be up 2-0 after Sunday.” Sensing the contest slipping… Source link

The stock market is suddenly looking up. Or is it? Equities whipsawed throughout the month of May as investors contemplated falling economic growth projections and less-than-stellar earnings forecasts from retailers. Despite the bearish news, ongoing volatility, and consistent predictions of an impending recession, the S&P 500 ended the month roughly unchanged after mounting a recovery over the last few weeks. The rebound has some on Wall Street arguing that it’s time to be opportunistic and… Source link

If you managed to sleep through May or simply avoided your brokerage app, congratulations. You might be sitting on some gains despite the major averages punishing investors with gut-wrenching drops of up to 10% at the month’s lows. When the dust settled, the S&P 500 (^GSPC) finished fractionally higher while the Dow (^DJI) inched up just 13 points. The Nasdaq Composite (^IXIC) lost just over 2.1% in May. A six-day rally to close the month of May stemmed the hemorrhaging, but reality still… Source link

What initially looked like a Heat romp on Saturday turned into a sweat for Miami with its best player sidelined. But when the game was done, the Heat emerged with a hard-fought 109-103 win over the Boston Celtics to secure a 2-1 series lead in the Eastern Conference finals. They did so late without Jimmy Butler, who missed the entire second half with knee inflammation. After totaling 16 points in Games 1 and 2, Bam Adebayo powered the Heat to victory with his best game of the series. Bam… Source link

(Bloomberg) — The latest bounce in US stocks is a bear market rally and more declines lie ahead, according to Morgan Stanley strategists. Most Read from Bloomberg “With valuations now more attractive, equity markets so oversold and rates potentially stabilizing below 3%, stocks appear to have begun another material bear market rally,” strategists led by Michael Wilson wrote in a note on Monday. “After that, we remain confident that lower prices are still ahead.” READ: $11 Trillion and… Source link

In his latest split from former President Donald Trump, Mike Pence will headline a rally for Georgia Gov. Brian Kemp, a Republican who has remained at odds with Trump since the 2020 presidential election. Pence’s rally with Kemp on May 23 may be his sharpest rebuke yet of Trump. The former vice president has decided to throw his weight behind a bid to win a second term for one of the Republicans whom Trump has blamed in his attempts to overturn the 2020 election results. In addition,… Source link