Tag Archives: Rise

The rise in leisure and travel stocks highlights a shift in consumer spending from goods to services as the pandemic winds down. “We see signs of goods demand cooling, particularly in big ticket items, while services benefit from strong pent-up demand,” Savita Subramanian wrote in a recent BofA Global Research note. Case in point, airlines such as United (UAL) and American (AAL) predict reaching profitability amid strong demand. Luxury hotel operator Marriott International (MAR) has been… Source link

U.S. stocks advanced Thursday as investors continued to monitor a steady stream of corporate earnings results against a backdrop of elevated inflation and further Fed policy tightening. The S&P 500 rose by about 0.9% just after the opening bell. The Dow Jones Industrial Average also gained. The Nasdaq outperformed, rising by more than 1% to reverse some of Wednesday’s losses, when the tech-heavy index was weighed down by a slide in shares of Netflix. Meanwhile, Tesla (TLSA) shares jumped more… Source link

U.S. stock futures opened slightly higher Thursday evening as traders looked ahead to the start of a new month of trading and a closely monitored new economic report on the state of the labor market. Contracts on the S&P 500 edged up to kick off the overnight session. The index fell for a back-to-back session on Thursday, limping into the final session of March and the first quarter. Investors on Friday are set to closely monitor the Labor Department’s monthly jobs report, offering the most… Source link

Initial unemployment claims rose modestly after reaching a 50-year low as employers continue to show reluctance in reducing their workforces in the current competitive labor market. The Labor Department released its latest weekly jobless claims report Thursday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Initial jobless claims, week ended March 26: 202,000 vs. 196,000 expected and a revised 188,000 during prior… Source link

Returns from stocks and bonds are likely to suffer in the long-term, CEO and CIO of Research Affiliates Chris Brightman told Yahoo Finance Live. “[Investors should expect] not just lower long-term returns from the bond market but lower long-term returns from the stock market as well,” Brightman told Yahoo Finance Live. “Remember, the stock market’s trading at near all-time highs in terms of prices relative to, say, cyclically adjusted earnings or extraordinarily low dividend yields. And… Source link

Nicknamed “the Bond King” by Fortune Magazine in 2002, Pacific Investment Management Company (PIMCO) founder Bill Gross made both a name and a very profitable empire managing bond funds. At the height of his career, Gross earned over $300 million in net returns and had accumulated almost $500 billion in assets. Then it all came tumbling down. Gross stepped down from PIMCO following a widely-publicized internal conflict between him and fellow chief executive Mohamed A. El-Erian. More… Source link

With Russia’s invasion of Ukraine bringing us images of murdered civilians, bombed maternity wards and the horror of urban warfare, you really have to wonder about the human race. How is it that 145 million Russians allow someone like Putin to rule over them? The answer to that question has everything to do with Russian history and politics of course, but an even more sobering point is that Putin is hardly alone. The world today is rife with authoritarians, nationalists and dictators —… Source link

The U.S. economy added back the most jobs since July 2021 in February, with job growth accelerating even in the already-tight labor market as new Omicron cases from earlier this year came down. The Labor Department released its February jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg: Non-farm payrolls: +678,000 vs. +423,000 expected and an upwardly revised +481,000 in January Unemployment rate: 3.8% vs. 3.9%… Source link

Stock futures opened higher Thursday evening as investors awaited a key update on the labor market’s recovery and continued to monitor for global economic fallout from Russia’s war in Ukraine. Contracts on the S&P 500 edged higher. The index fell 0.5% during the regular trading day as technology and growth stocks came under renewed pressure, and the Nasdaq Composite dropped nearly 1.6%. Treasury yields steadied after sliding earlier this week, and the benchmark 10-year yield hovered above… Source link

Stock futures opened higher Tuesday evening after sliding for a second straight session during the regular trading day, with jitters over Russia’s war in Ukraine and its implications for the global economy weighing on risk assets. Contracts on the S&P 500 recovered some earlier losses. Earlier, the blue-chip index slid 1.6%, extending Monday’s losses to kick off March trading on shaky footing. The Dow and Nasdaq each also fell sharply earlier, with risk assets reeling as investors… Source link