Tag Archives: selloff

(Bloomberg) — One of Wall Street’s most prominent bears sees the current rally in US stocks extending — prior to the selloff recommencing. Most Read from Bloomberg Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally further,” they wrote in a note, with a decline in both bond yields and oil prices having eased some worries around runaway inflation and helping the benchmark snap a… Source link

(Reuters) – Wall Street’s main indexes opened mixed on Friday after a brutal selloff triggered by the Federal Reserve and other major central banks raising interest rates heightened recession fears. The Dow Jones Industrial Average fell 14.37 points, or 0.05%, at the open to 29,912.70. The S&P 500 opened lower by 0.87 points, or 0.02%, at 3,665.90, while the Nasdaq Composite gained 51.45 points, or 0.48%, to 10,697.55 at the opening bell. (Reporting by Devik Jain in Bengaluru) Source link

By Yoruk Bahceli and Sujata Rao (Reuters) -U.S. two-year Treasury yields rose above 10-year borrowing costs on Monday – the so-called curve inversion that often heralds economic recession – on expectations interest rates may rise faster and further than anticipated. Fears the U.S. Federal Reserve could opt for an even larger rate hike than anticipated this week to contain inflation sent two-year yields to their highest levels since 2007. But a view is also playing out that aggressive rate hikes… Source link

(Bloomberg) — Get ready for a fresh slump in the world’s most-watched stock index, as economic growth fears spiral and the Federal Reserve embarks on its biggest policy-tightening campaign in decades. Most Read from Bloomberg With the S&P 500 flirting with a bear market last week and notching more than $1 trillion in losses, participants in the latest MLIV Pulse survey reckon there’s more pain to come. The gauge is likely to keep falling this year before bottoming at around 3,500,… Source link

U.S. stocks were mixed at the end of a choppy session Tuesday as markets struggled to recover from a sharp sell-off that sent all three major indexes to their lowest level year-to-date to start the week. The S&P 500 was 0.3% higher after the benchmark closed below 4,000 for the first time since March 2021 on Monday, deepening losses from its longest streak of weekly declines since 2011. The Dow Jones Industrial Average fell for a fourth straight day to close 85 points, or 0.3% lower, and the… Source link

U.S. stock futures opened little changed Thursday evening after a sharp sell-off on Wall Street, as concerns over the Federal Reserve’s ability to bring down inflation while maintaining solid economic activity resurged. Contracts on the S&P 500 drifted sideways. This came after the index shed 3.6% during the regular trading day, as technology stocks underperformed. The Nasdaq dropped 5% for its worst day since June 2020, and the Dow lost more than 1,000 points. Stocks’ violent swing from gains… Source link

U.S. equity futures edged higher ahead of overnight trading Wednesday following a choppy earlier session that saw stocks pare some losses from a steep sell-off on Tuesday. Contracts on the S&P 500 climbed 0.21%, while Dow futures rose 62 points, or about 0.19%. Futures tied to the tech-heavy Nasdaq Composite were roughly flat after Facebook parent company Meta (FB) reported stronger-than-expected earnings after the close on Wednesday. Still, with just three trading days left, the… Source link

The ruble may not be showing it, but Western economic sanctions imposed against Russia are working. In revealing testimony before the Duma parliament, the head of the Central Bank of Russia (CBR) told the country’s lawmakers she had to throw everything but the kitchen sink just to prevent a full-blown run on the banking system. “The sanctions imposed against Russia affected the situation in the financial sector, spurred the demand for foreign currencies, and caused fire sales of financial… Source link

Ark Invest has been steadily trimming its stake in Twitter and appears to be ready to ditch holdings in the microblogging platform altogether — at least for now. The tech-focused investment management firm’s Chief Executive Officer Cathie Wood told Yahoo Finance in an interview Tuesday that Ark is moving out of social media platforms amid increased competition and chalked up its sales of Twitter (TWTR) stock in particular to the departure of former CEO Jack Dorsey. “Jack’s leadership was… Source link

(Bloomberg) — U.S. Treasury yields’ advance to a three-year high kicked off a global jump in borrowing costs as traders refocused on intensifying bets on rate hikes from major central banks. Most Read from Bloomberg Ten-year U.S. yields climbed through 2.75% for the first time since March 2019 as investors priced in the impact of the Federal Reserve’s tightening plan and accelerating inflation. Traders are betting on nine quarter-point Fed rate hikes by year-end, which — including last… Source link