Tag Archives: Stocks

Billionaire hedge fund manager Bill Ackman has been urging the Federal Reserve to get serious on inflation since late last year. Now, he has doubts about the U.S. central bank’s ability to bring price stability down to its target. And thinks stock prices could remain under pressure as rates stay high amid this new environment. The Pershing Square Capital founder and CEO said Thursday in a quarterly call with investors that interest rates are “meaningfully below where they are going to… Source link

Fresh geopolitical tension put a halt to a significant stock rally on Wall Street Tuesday, as investors assessed reports that Russian missiles crossed into Poland. The S&P 500 (^GSPC) pared early morning gains, ticking slightly higher by 0.2% during midday trading, while the Dow Jones Industrial Average (^DJI) slipped by 0.2%. The technology-heavy Nasdaq Composite (^IXIC) also lost some early gains but remained up 0.7% in the afternoon. Poland Prime Minister Mateusz Morawieck convened a… Source link

U.S. stocks posted outsized gains Thursday, logging their biggest one-day climb in two years, as Wall Street cheered lighter-than-expected inflation data and monitored midterm election tallies. The Consumer Price Index (CPI) for October reflected a 7.7% increase over last year and 0.4% increase over the prior month, better than Wall Street expected. Economists surveyed by Bloomberg called for a 7.9% annual rise and 0.5% monthly gain. Moderations in the data again fueled bets that the Federal… Source link

U.S. stocks charged higher Friday morning as traders assessed monthly employment figures and weighed talks that China may ease COVID restrictions. The S&P 500 (^GSPC) bounced 1.4% at the start of trading but was poised for a weekly loss. The Dow Jones Industrial Average (^DJI) jumped 330 points, or 1%, while the technology-focused Nasdaq Composite (^IXIC) advanced 1.5%. The U.S. economy added 261,000 jobs in October, while September’s reading was upwardly revised to 315,000 from 263,000… Source link

U.S. stocks fell lower Thursday as Wall Street reeled from assertions by Federal Reserve Chair Jerome Powell that hopes for a policy pivot were “premature” after the central bank delivered a fourth consecutive interest rate hike of 75 basis points. The S&P 500 (^GSPC) sank 1.1% after the index plunged 2.5% in the previous session, its worst loss on a Fed day since January 2021, per Bloomberg data. The Dow Jones Industrial Average (^DJI) shed 150 points, or 0.5%, and the technology-focused… Source link

U.S. stocks were firmly higher Wednesday afternoon following a move by the Federal Reserve to raise its benchmark policy rate by 75 basis points for a fourth straight time — on par with market expectations — while hinting at a potential slower pace of monetary tightening ahead. The S&P 500 (^GSPC) gained 0.6%, while the Dow Jones Industrial Average (^DJI) jumped 280 points, or 0.9%. The technology-heavy Nasdaq Composite (^IXIC) was up 0.3%. “In determining the pace of future increases in… Source link

Stocks lost ground Tuesday, as another batch of earnings rolled in and investors awaited the Federal Reserve policy meeting and jobs data later this week. The S&P 500 (^GSPC) turned lower by about 0.1% in midday trading, while the Dow Jones Industrial Average (^DJI) ticked lower nearly 0.2%. The technology-heavy Nasdaq Composite (^IXIC) fell by 0.4%. All three indices had risen to start the session. Investors digested economic releases on Tuesday, including the Job Openings and Labor Turnover… Source link

Stocks lost ground Tuesday, as another batch of earnings rolled in and investors awaited the Federal Reserve policy meeting and jobs data later this week. The S&P 500 (^GSPC) turned down by about 0.1% in midday trading, while the Dow Jones Industrial Average (^DJI) ticked lower nearly 0.2%. The technology-heavy Nasdaq Composite (^IXIC) fell by 0.4% during. All three indices had risen to start the session. Investors digested economic releases on Tuesday, including the Job Openings and Labor… 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 Tuesday, Nov. 1, 2022 Today’s newsletter is by Sam Ro, the author of TKer.co. Follow him on Twitter at @SamRo. Read this and more market news on the go with Yahoo Finance App. If stock prices only went up after you got confirmation of good news, then investing would be pretty easy. Unfortunately, that’s not quite how it works. In theory, a stock… Source link

U.S. stocks lagged Monday morning as a busy week marked by Fed policy, earnings and jobs data got underway. The S&P 500 (^GSPC) declined 0.7%, while the Dow Jones Industrial Average (^DJI) erased 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) fell by roughly the same margin. Treasuries ascended again, holding above 4%. Equity markets are still poised to round out the month higher after a brutal September slump. The Dow Jones Industrial Average was up 14.4% month-to-date as… Source link