Tag Archives: Stocks

U.S. stocks rose Thursday morning as investors attempted to stymie this week’s losing streak across equity markets from stretching into another day as rate jitters and recession chatter hamper a seasonally bullish period for Wall Street. The S&P 500 (^GSPC) climbed 0.4% while the Dow Jones Industrial Average (^DJI) bounced 130 points, or also about 0.4%. The technology-focused Nasdaq Composite (^IXIC) advanced by the same margin. Renewed concerns over a sustained span of higher interest rates… Source link

U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China. The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%. In commodities markets, oil extended losses to trade near $72 per barrel after a decline of… Source link

U.S. stocks edged lower in choppy trading Wednesday, extending a downtrend that started the week as investors weigh higher interest rates and the prospect of an economic downturn against optimism around easing COVID protocols in China. The S&P 500 (^GSPC) slumped 0.3%, while the Dow Jones Industrial Average (^DJI) fell roughly 50 points, or 0.2%. The technology-heavy Nasdaq Composite (^IXIC) sank 0.7%. In commodities markets, oil extended losses to trade near $72 per barrel after a decline of… Source link

Energy stocks have room to go higher, even after a wild run this year, says one strategist. “They’re still cheap if you look at it on most metrics,” Tortoise portfolio manager Rob Thummel told Yahoo Finance Live this week. “The market is really rewarding companies that have positive earnings and free cash flow. That’s what this sector has,” said Thummel,” I still think there’s room for it to continue, even if oil prices stay the same, or even if they fall a little bit.” Thummel says… Source link

Goldman Sachs (GS) CEO David Solomon expects the stock market’s slide to continue in 2023 and thinks the odds of a recession hitting the U.S. economy are about 2-out-of-3. Speaking at the Wall Street Journal’s CEO Council Summit on Tuesday, Solomon said he expects stocks will be lower, along with oil and real estate (both commercial and residential), while the U.S. dollar is poised to rise slightly next year. Meanwhile, Solomon placed the probability of a “soft landing” — or a slowdown in… Source link

One of the market’s biggest skeptics is going back to his old ways. Morgan Stanley strategist Mike Wilson cautioned that the rally that has enveloped markets in recent weeks is long in the tooth and overdue for a breather. “As predicted, falling interest rates at the back end have led to modest, further gains for this bear market rally,” Wilson wrote in a new note on Monday. “However, with last week’s price action, the S&P 500 is now right into our original tactical target range of 4000-4150…. Source link

One of the market’s biggest skeptics is going back to his old ways. Morgan Stanley strategist Mike Wilson cautioned that the rally that has enveloped markets in recent weeks is long in the tooth and overdue for a breather. “As predicted, falling interest rates at the back end have led to modest, further gains for this bear market rally,” Wilson wrote in a new note on Monday. “However, with last week’s price action, the S&P 500 is now right into our original tactical target range of 4000-4150…. Source link

U.S. stocks sank Friday morning after stronger-than-expected jobs data had investors recalibrate expectations around when the Federal Reserve will pause its rate-hiking campaign. The Labor Department’s monthly jobs report for November showed payrolls grew by 263,000, higher than estimated, while unemployment held at 3.7%. Bloomberg expected a print of 200,000 for the month. The S&P 500 (^GSPC) tumbled 1.4%, while the Dow Jones Industrial Average (^DJI) fell by 1.1%, or nearly 400 points. The… Source link

U.S. stocks lagged Thursday ahead of monthly employment data as traders failed to continue momentum from a rally fueled by Fed Chair Jerome Powell’s indication of a slowdown in rate increases. The S&P 500 (^GSPC) slipped 0.1%, while the Dow Jones Industrial Average shed 200 points, or 0.6%. The technology-heavy Nasdaq Composite was an outlier — closing up 0.1%. In other pockets of the market, the U.S. dollar index retreated as the greenback had its worst monthly performance in over a… 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 Thursday, December 1, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Read this and more market news on the go with Yahoo Finance App. For stock market investors, November finished with a bang. A late-day rally on Wednesday swung the Dow into what some will consider… Source link