Tag Archives: Rise

U.S. stocks rose Tuesday as traders returned from a long weekend, with equities recouping some losses following the S&P 500’s worst week since March 2020. The S&P 500 advanced by 2.45% in its best day in three weeks, ending at 3,764.84 and recovering some declines after plunging by 5.8% last week. The Nasdaq Composite gained 2.5% to end at 11,069.30, and the Dow added more than 643 points, or 2.2%, to end at 30,531.77 and post its best single-day gain since May 4. Bitcoin (BTC-USD) rose back… Source link

(Bloomberg) — US house prices are likely to fall as mortgage rates exceeding 6% crimp affordability for the average buyer, according to Capital Economics. Most Read from Bloomberg Property prices could contract an annual 5% by the middle of next year, Matthew Pointon, senior property economist, said in a research note Monday. He’d previously projected no change in values by that time. An average household looking to buy a home for the median price will now have to put more than a quarter of… Source link

Energy prices saw the biggest one year jump since 2005 last month amid a hotter than expected inflation print. The energy index rose 3.9% last month according to the Bureau of Labor Statistics’ Consumer Price Index (CPI) published Friday after a 2.7% decline in April. Gasoline, fuel oil and natural gas prices all increased in May. Gasoline prices rose 4.1% month-over-month, fuel oil spiked 16.9% from the prior month, and natural gas also rose 8% during the same span. The energy index rose 34.6%… Source link

The World Bank warned Tuesday that the global economy faces the risk of dreaded “stagflation,” with this combination of high inflation and low growth tipping some countries into recession. “The war in Ukraine, lockdowns in China, supply-chain disruptions, and the risk of stagflation are hammering growth. For many countries, recession will be hard to avoid,” said World Bank President David Malpass. In its updated Global Economic Prospects report, the World Bank slashed its forecast for… Source link

It’s been a great week for the portfolio. Ahead of the long holiday weekend, I know the buzz centers on Nvidia (NVDA) and how this great $465 billion company signaled a sea change when it reported a solid quarter, cut guidance — and shares rallied. That was directly contrary to the pattern before it. I am not so sure of the direction here when it comes to technology stocks. I believe that if your company caters to the enterprise, a la Club holding Marvell Technology (MRVL), the process is… Source link

U.S. stocks rose on Friday, setting the major indexes on track to end a weeks-long losing streak after a string of more upbeat corporate results at least temporarily offset fears of a steep economic slide. The S&P 500 gained. The blue-chip index headed for a 4% weekly advance as of Thursday’s close, which if maintained, would mark its largest since mid-March. The S&P 500 had fallen for the seven consecutive weeks prior in its longest losing streak since 2000. The Dow Jones Industrial Average… Source link

U.S. stock futures rose Monday morning, with equities coming off a seven-week losing streak on more solid footing as investors shook off some recent volatility and digested fresh trade-related remarks from the Biden administration. Contracts on the S&P 500 gained more than 1% in early trading. The index had closed out Friday’s session flat on the day but down 18.7% from its Jan. 5 record closing high to come within striking distance of a bear market, defined once an index closes at least 20%… Source link

U.S. stocks rose on Friday, though the major indexes still headed for steep weekly losses as concerns over the resilience of corporate profits in the face of inflation resurged this week. The S&P 500 advanced by about 0.8% just after the opening bell, following equities in Asia and Europe higher after China’s central bank unexpectedly cut a benchmark interest rate to offer some relief to borrowers in the country still grappling with a widespread COVID-19 outbreak. The Dow rose by more than 150… Source link

U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs. Contracts on the S&P 500 edged higher. The blue-chip index ended Tuesday’s regular trading day higher by 2% to settle at at 4,088.85. Technology and growth stocks that had been beaten down over the past month… Source link

U.S. stock futures gained Friday morning, though the major indexes are still headed for losses for the week after concerns over persistent inflation and the resilience of the U.S. economy stirred up further volatility in recent sessions. Contracts on the S&P 500 and Nasdaq rose more than 1%, and Dow futures added more than 200 points during the pre-market sessions. The sharp move higher came after Federal Reserve Chair Jerome Powell reaffirmed in an interview with Marketplace public radio on… Source link