We all make mistakes—but the Federal Reserve may be making a bigger one than most. That could mean another difficult year for the stock market in 2023. Those concerns were front and center this past week, following the Federal Open Market Committee’s December meeting. The Fed didn’t do anything to surprise the market as it … Read more
The U.K.’s new Finance Minister Jeremy Hunt made big fiscal announcements Monday. House of Commons – PA Images / Contributor / Getty Images LONDON — European markets are higher as the region feels the impact of the U.K.’s fiscal U-turns on Monday and anticipates new EU measures to tackle energy prices. The Stoxx 600 index … Read more
“Maybe.” That’s the only fair answer to whether last week’s upside reversal – violent and rare as it was in scale and speed – will prove important as a market turning point or even matter at all. Such things are only knowable in retrospect. In the moment there literally is no answer – whether the … Read more
Monitors display Coinbase signage during the company’s initial public offering (IPO) at the Nasdaq MarketSite in New York, on Wednesday, April 14, 2021. Michael Nagle | Bloomberg | Getty Images Shares of cryptocurrency exchange Coinbase dove more than 11% on Thursday after the Consumer Price Index showed inflation continued to increase in September beyond Wall … Read more
This market is not the dot-com crash or the financial crisis. Here’s how to play it CNBC Stocks crashing? No, but here’s why this bear market feels so painful — and what you can do about it. MarketWatch The Market Crash Americans Aren’t Seeing msnNOW Financial Expert Terry Savage Discusses Today’s Stock Market Tumble WGN News View Full Coverage … Read more
Pedestrians pass by the New York Stock Exchange. Michael Nagle | Bloomberg | Getty Images What started off as a third-quarter rebound has turned into a flop for tech investors. The Nasdaq tumbled 5.1% this week after losing 5.5% the prior week. That marks the worst two-week stretch for the tech-heavy index since it plunged … Read more
U.S. markets had a meltdown on Tuesday — the worst since June 2020 — following yet another hot inflation report. But that may not last for long, according to Andrew Slimmon of Morgan Stanley Investment Management, who says the S & P 500 could enjoy upside by year-end. U.S. inflation data out Tuesday showed consumer … Read more
We were mostly buyers during this turbulent week for stocks. Here’s a recap of all our trades CNBC PayPal gets an upgrade from Bank of America CNBC Television These were the week’s top performers, and Wall Street sees two of them rallying another 30% CNBC As the Fed ramps up its balance sheet run-off to full speed, here’s … Read more
Investors should continue to shun money-losing companies, CNBC’s Jim Cramer said Thursday, contending the turbulence that dominated earlier this year has returned with vigor. “It’s an unforgiving time. We’re back to the dynamic that defined January through mid-June,” the “Mad Money” host said. “So don’t be a hero right now, because there’s no telling how … Read more
Stocks have taken yet another turn lower after U.S. Federal Reserve Chairman Jerome Powell made clear last week that rate hikes are set to continue — even if they cause more pain ahead. The S & P 500 and Dow Jones Industrial Average are both down more than 3% for the month, while the Nasdaq … Read more