Tag Archives: S&P 500

Friday’s drop is conceived of as a bad omen for the economy as a whole. Only one bear market in the last 50 years, the market crash of 1987, was not accompanied by a recession. For the majority of the bull market since the March 2020 low, investors have had …

Federal Reserve Chair Jerome Powell said on Tuesday that US central bank officials will keep tightening policy until inflation comes down in “a convincing way.”“There have been some promising signs you can point to,” Powell said at a Wall Street Journal conference. But, he added, “There are some signs that …

Consumer sentiment data are not normally trading events on most calendars, however, under the current feverish markets, almost any unexpected result will generate a reaction. If the Michigan Index is worse than expected it will spark fears of consumer led recession prompting further equity declines and the US dollar’s status …

The GBP/USD pair is on the backfoot as US session risk sentiment deteriorates. Cable is down some 0.3% around 1.2272 and is extending from a high of 1.2400 to a low of 1.2263. The US dollar has moved sharply off its lows, turning positive again for the day as markets …

The S&P 500 and the Dow were gaining ground on Wednesday and the dollar index declined after data showed USinflation slowed on a year-on-year basis last month, giving investors some hope that price surges are peaking.US stock futures initially lost ground after core inflation, excluding items such as oil prices …

In reaction to Federal Reserve Chair Jerome Powell’s comments downplaying the likelihood of larger rate hike than the one just announced Wednesday, stocks surged to their biggest gain in two years Wednesday. Bond yields dropped as well. Stocks on Wall Street jumped on Wednesday, after Jerome Powell, the Fed Chair, …

lyft Inc stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs. A full recovery of driver supply from pandemic lows was taking …

US stock indexes wobbled as investors geared up for the Federal Reserve’s policy decision this week and evaluated a batch of earnings.The S&P 500 was recently up 0.2%, a day after a late rally lifted stocks on Monday. The technology-focused Nasdaq Composite lost 0.2% while the Dow Jones Industrial Average …

US equities and stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon (AMZN), which dropped nearly 15% after …

US equities have enjoyed a strong tech-led rebound on Thursday after stronger than expected Meta Platforms earnings. The S&P 500 was last up nearly 3.0% and above 4,300 and the Nasdaq 100 was last up nearly 4.0%.But the major US indices remain on course to post hefty on-the-month losses and …