" said Ross Mayfield, investment strategist at Baird Private Wealth Management. "As we head into December, it's really hard to fade this bull market here, with all the things going right, the election in the rearview and a seasonal tailwind that still...
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"The rapid shift in Fed funds expectations and the spike in short-term yields has been risk-off in the stock market, so some reprieve on rates today will likely boost equities." The S&P 500 fights to recover from its worst trading week of 2023. The S&P 500 also got a boost from ...
Daly, a voter this year on the rate-setting Federal Open Market Committee, also noted that she was not swayed either way by a report Monday showing the manufacturing sector in March expanded for the first time in 16 months. Instead, she said she and her fellow policymakers are looking at ...
An industry veteran who became COO last year, Crew had been president of Diageo North America, its largest market, and Global Supply from 2020. Her elevation comes as Diageo is trying to cement its dominance in the United States and establish several premium brands, in a post-COVID world in...
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In an interview with CBS' "60 Minutes" on Sunday, Fed Chair Jerome Powell said that the Fed would move "carefully" on lowering interest rates and indicated that the market may be betting on too many cuts. "We want to see more evidence that inflation is moving sustainably down to 2%," ...
With those declines, the S&P 500 and Nasdaq each notched their fifth straight down day. For the S&P 500, it is the first losing streak of that length since late October, just before the current bull market began. This is also the longest negative run for the Nasdaq since January. ...
"Seasonally, surprises tend to trough around now and, with Fed hikes off the table for the near future, good economic news will likely be welcomed by risky assets," wrote analyst Nathaniel Rupert. He added, "However, with cracks appearing in the labor market, more below-consensus data would...
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