January 12, 2023
“Stocks advanced Thursday after December’s consumer price report showed inflation cooled for the month, raising hopes the Federal Reserve can once again slow interest rate hikes. The Dow Jones Industrial Average gained 186 points, or 0.6%. The S&P 500 added… Continue Reading…
December 30, 2022
“…Reeling from a record $18 trillion wipeout, global stocks must surmount all these hurdles and more if they are to escape a second straight year in the red… With a drop of more than 20% in 2022, the MSCI All-Country… Continue Reading…
December 23, 2022
“…At base, Wilson says the S&P 500 is likely to sink another 20% before hitting a bottom near 3,100 during 1Q23. The index slipped into a bear market in June of this year, when the Federal Reserve began its aggressive… Continue Reading…
December 12, 2022
“…U.S. tech giant Microsoft on Monday announced a 10-year partnership with the London Stock Exchange Group and took a near 4% stake in the U.K. bourse operator. The partnership involves next-generation data and analytics, as well as cloud computing products, according to a statement… Continue Reading…
December 9, 2022
“Exxon Mobil unveiled a new corporate plan Thursday that includes increasing its stock buybacks and reducing greenhouse-gas emissions. The company also said that by 2027 “upstream production is expected to grow by 500,000 oil-equivalent barrels per day to 4.2 million… Continue Reading…
December 1, 2022
“US stocks surged on Wednesday, putting the blue-chip Dow Jones Industrial Average more than 20% above its September low after Federal Reserve Chair Jerome Powell’s dovish comments and signs of cooling US inflation raised hopes that the central bank will… Continue Reading…
November 29, 2022
“Stocks closed lower Monday as social unrest from China’s prolonged Covid restrictions weighed on markets. The Dow Jones Industrial Average lost 497.57 points, or 1.45%, to end at 33,849.46. The S&P 500 dropped 1.54% to end at 3,963.94. The Nasdaq… Continue Reading…
November 21, 2022
“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…
November 10, 2022
“The Dow Jones Industrial Average briefly surged 900 points Thursday after the closely watched consumer price index, or CPI, inflation gauge came in cooler than expected. The 10-year Treasury yield dived to 3.87% Thursday after the cooler-than-expected CPI reading. Meanwhile,… Continue Reading…
November 10, 2022
“Shares of Carvana jumped by as much as 32% Thursday morning – representing a small, yet notable, increase after a week of significant declines for the used car retailer. The stock hit $10 a share during early trading but has given back… Continue Reading…
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