Tag Archives: Wall

U.S. stock futures slumped Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed.  Trading volumes were low due to the Thanksgiving holiday in the U.S., which could be could contributing to the volatility. However, major benchmarks indicated a rough opening on Wall Street’s abbreviated post-Thanksgiving session. Dow futures contracts (YM=F) plunged 800 points, or 2.5%, while… 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, November 9, 2021 Investors are more worried about inflation than the Fed seems to be Amid the market’s debate over whether inflation will prove transitory or permanent, closely tracked indicators, such as bond yields, are sending us mixed signals about the future. That in part is because the real economy is also fighting through… Source link

Stock futures rose Friday morning as traders eyed the Labor Department’s October jobs report, which showed a better-than-expected pick-up in payroll growth and another improvement in the unemployment rate.  Contracts on the S&P 500 advanced. A day earlier, the blue-chip index rallied to a record high, logging a sixth straight record close as technology stocks advanced. The Nasdaq also jumped amid the broad move higher in tech shares, while the Dow closed lower for the first time in six… Source link

Economic challenges abound, and equities will rally. It’s a seemingly paradoxical view, but one espoused by one of the biggest players in the market. Scott Minerd thinks stocks have bottomed, and will rally from here. Minerd is chief investment officer at Guggenheim Partners, helping oversee the firm’s $255 billion in assets. He told Yahoo Finance Live that stocks can rise at least 10% from current levels going into next year. “There’s an old saying that markets climb a wall of worry…. Source link

Google’s Arts & Culture team is today launching a new online experience that lets users virtually walk the Great Wall of China. The “Walk the Great Wall of China” experience includes an exclusive 360-degree virtual tour of one of the wall’s best-preserved sections, including 370 images of the Great Wall in total and 35 stories that go into architectural details about the landmark. “As the largest man-made structure in the world, the Great Wall of China is… Source link

Stocks plunged on Monday, with major indices tumbling by over 1% at the opening bell, as investors nervously eyed the potential ripple effects of the default of a major Chinese real estate company, as well as ongoing debates over the debt limit in Washington.  After defying gravity for most of the summer, September is shaping up to be a tough month for markets, with major benchmarks in retreat for three consecutive weeks. At Wall Street’s opening bell, the Dow sank by more than 500 points,… Source link

The major U.S. stock index futures are trading sharply lower early Monday following last week’s dismal performance. The sell-off looks like investor liquidation with a slew of reasons likely fueling the move. Investors are definitely climbing the wall of worry ahead of the two-day Fed meeting on Tuesday and Wednesday. However, there are other factors weighing on the trade including China, supply chain issues, debt ceiling negotiations and the infrastructure/tax bill to name a few. Investors… Source link

(Reuters) – China’s top securities regulator defended their crackdown on various industries in a private meeting with Wall Street executives, Bloomberg News reported on Saturday. Investors’ concerns over the regulatory crackdown has led to sharp sell-offs on China’s share markets, reducing the market capitalisation of some of its largest companies including Alibaba Group Holding Limited. China Securities Regulatory Commission (CSRC) Vice Chairman Fang Xinghai explained during the meeting that… Source link

Stocks dipped in early trading on Tuesday, with Wall Street indices hovering close to last week’s record highs, with analysts closely watching the end of pandemic-era jobless benefits and its impact on the labor market as the COVID-19 pandemic clouds the outlook. Last week, the S&P 500 Index set an all-time high, and the Nasdaq Composite briefly hitting an intraday record, despite August’s jobs data falling far short of market expectations. While payrolls showed the economy creating 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 Wednesday, August 25, 2021 S&P 500 targets are rising left and right The calendar today reads August 25, but it’s starting to feel like the year is over.  Starbucks (SBUX) unleashed its Pumpkin Spice Latte on the masses Monday; the chain’s holiday-themed cups are now right around the corner. And Wall Street strategists have been issuing revised… Source link