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Economy, Stocks

“All 3 major stock indexes close at record highs as inflation slows down”

“…The Dow Jones Industrial Average, S&P 500 and Nasdaq composite all rallied Wednesday after the Labor Department reported inflation falling to a 3.4 percent annual rate in April after a 0.3 percent monthly increase in prices, according to the consumer… Continue Reading…

Stocks

“1 Vanguard Index Fund to Buy Before It Soars 50%, According to a Wall Street Analyst”

“…Lee recently told CNBC that the small-cap Russell 2000 could soar 50% this year. That implies identical upside in the Vanguard Russell 2000 ETF (NASDAQ: VTWO). What makes that forecast particularly intriguing is that some Wall Street analysts see substantial downside in the large-cap… Continue Reading…

Economy

“Inflation increases more than expected in December”

“…The December Consumer Price Index (CPI) showed pricesticked up slightly at 0.3% over last month, an increase from the 0.2% seen in November. Prices rose 3.4% over the prior year, an increase from the3.1% increase seen the month prior… When removing… Continue Reading…

Stocks

“Which Stock Index Turned $10,000 Into $70,570? (It Wasn’t The Dow)”

“The Nasdaq 100, which owns the 100 largest non-financial stocks trading on the Nasdaq Composite, is blowing away all the other U.S. stock indexes, says an Investor’s Business Daily analysis of data from Morningstar and MarketSmith. And it’s miles ahead not… Continue Reading…

Business, Economy

“Manufacturers show faint signs of revival in May as economy slowly reopens, ISM finds”

“ISM manufacturing index climbs to 43.1% in May from 41.5%… The Institute for Supply Management said its manufacturing index climbed to 43.1% last month from an 11-year low of 41.5% in April, suggesting the worst of the economic damage from the pandemic… Continue Reading…

Economy

“Eurozone economy suffers ‘unprecedented’ collapse”

“The eurozone economy is suffering an “unprecedented” collapse according to a PMI index released Thursday by analysis firm IHS Markit… Manufacturing also saw a record fall however, because of staff and material shortages and severe supply chain disruptions. Employment plummeted… Continue Reading…

Business, Economy

“Empire State manufacturing index sees record decline to -21.5 in March”

“The numbers:The New York Fed’s Empire State business conditions index plunged a record 34.4 points to -21.5 in March, the regional Fed bank said Monday. Economists had expected a reading of 4.8, according to a survey by Econoday. This is the… Continue Reading…

Economy

“…World’s Richest Gain $1.2 Trillion”

“…the richer they were at the start of the year, the richer they got. The world’s 500 wealthiest people tracked by the Bloomberg Billionaires Index added $1.2 trillion, boosting their collective net worth 25% to $5.9 trillion… Leading the 2019… Continue Reading…

Stocks

“Nasdaq tops 9,000 on boosts from Amazon, trade optimism”

“The Nasdaq crossed the 9,000-point mark for the first time on Thursday as all three major Wall Street indexes posted record closing highs, boosted by optimism over U.S.-China trade relations and gains in shares of Amazon.com after a report signaled… Continue Reading…