[unable to retrieve full-text content]Stock market news today: Futures plummet amid Credit Suisse turmoil, retail data Yahoo Finance Source link
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(Reuters) – Credit Suisse and Citigroup became the latest brokerages to bring down their 2022 year-end targets for the S&P 500 index, as U.S. equity markets bear the heat of aggressive central bank actions to tamp down inflation. Credit Suisse cut its target for the benchmark index by about 10% to 3,850 points on Monday, citing the impact of rising interest rates and slowing economic growth on third-quarter earnings. Citigroup trimmed its year-end target by a more modest 4% to 4,000. The S&P… Source link
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Motley Fool Why Lithium Americas Stock Crashed Today Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a… Source link
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TipRanks 3 Monster Growth Stocks With More Room to Run For investors looking for a hint as to policy-makers’ view of the economy, the Federal Reserve has come through. The central bank released the minutes of its most recent policy meeting – at which it decided not to raise interest rates or scale back on its easy-money polices – and the inside look at the Fed committee’s deliberations shows that the decision was broad-based. The Fed is in no hurry to move to a tighter money policy,… Source link
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(Bloomberg) — Credit Suisse Group AG raced to contain the widening fallout from the collapse of Greensill Capital as it acknowledged defaults are coming in a $10 billion group of now-frozen funds that the bank touted for their safety. Facing client furor and regulatory probes over the collapse of the short-term debt funds, the Swiss bank demoted one of its top executives, withheld bonuses for some and separated the asset management unit at the center of the scandal from the much more… Source link
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TipRanks 3 “Strong Buy” Stocks with Over 9% Dividend Yield Markets ended 2020 on a high note, and have started 2021 on a bullish trajectory. All three major indexes have recently surged to all-time highs as investors seemingly looked beyond the pandemic and hoped for signs of a rapid recovery. Veteran strategist Edward Yardeni sees the economic recovery bringing its own slowdown with it. As the COVID vaccination program allows for further economic opening, with more people getting back to… Source link
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