But investors warn that profits topping already low expectations won't matter to a market staring at a Federal Reserve that's continuing to tighten into a potential recession. "Today's mood is about profitability concerns [which] may have been overdone for the quarter, but Fed tightening fears...
"Market watchers could interpret today's rate bump as support for the Fed viewing recent bank woes as idiosyncratic, which is a good thing for those worrying about systemic cracks in the system," he said. "Further, the Fed hinted a pivot may be coming soon, so another piece of good news...
Higher rates can stifle inflation but only by slowing the economy, raising the risk of a recession and dragging on prices for stocks, bonds and other investments. In the bond market, the 10-year Treasury yield rose to 3.59% from 3.52% late Friday. It helps set rates for mortgages and ot...
Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted...
The stock market was at an all-time high just a month ago and many blue chip companies were hitting records constantly. What a difference the novel coronavirus makes. Today, there are many blue chip companies plunging to new all-time lows. And the list could keep growing. There seems to...
The stock market slide to start the second quarter may have been foreshadowed by weak demand last week. Bank of America clients were net sellers of U.S. equities last week, according to a note from strategist Jill Carey Hall. "Excluding corp. clients – where flows are always positive (bu...
Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The S&P 500 ended essentially flat, down less than 0.1%, after wavering between tiny gains and losses most of the day. The benchmark index posted a loss for the week, its fir...
that to “see a year’s worth of interest rate hikes, many of them which are quite aggressive translate into a number that is this strong, spells a question for the Fed.” She said the Federal Reserve has its work cut out for it to understand what’s going on in the jobs market. ...
that to “see a year’s worth of interest rate hikes, many of them which are quite aggressive translate into a number that is this strong, spells a question for the Fed.” She said the Federal Reserve has its work cut out for it to understand what’s going on in the jobs market. ...
Stocks, however, were mostly lower, with rate-sensitive parts of the market rallying and Big Tech faltering. 7 months ago Bond ETFs rally as investors weigh fresh signs of cooling inflation Shares of exchange-traded funds that invest in bonds were rising Thurs...