The past week offered a tale of two markets, with gains for the Dow Jones Industrial Average putting the blue-chip gauge on track for its best October on record while Big Tech heavyweights suffered a shellacking that had market veterans recalling the dot-com bust in the early 2000s. “You have a tug of war,” said …
So far, so good? Stocks ended the first full week of the earnings season on a strong note Friday, pushing the Dow Jones Industrial Average DJIA, +2.47%, S&P 500 SPX, +2.37% and Nasdaq Composite COMP, -0.81% to their strongest weekly gains since June. It gets more hectic in the week ahead, with 165 S&P 500 …
US stocks closed sharply higher Friday as investors weighed a story from the Wall Street Journal and comments from Federal Reserve officials suggesting that the central bank might shift to smaller interest-rate rises after its November meeting. Investors were also coping with intraday volatility in stocks as around $2 trillion in notional value of options …
JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest income in the coming quarter. In a busy day for bank earnings, Wells Fargo & Co. WFC, +2.75% fell short of earnings target but its stock rose …
JPMorgan profit falls but beats estimates while Morgan Stanley misses Read More »
US stocks opened higher Friday, building on a bounce in the previous session that marked what’s been called one of the craziest market days in history, as investors weighed a round of results from big banks with third quarter earnings reporting season getting under way. What’s happening The Dow Jones Industrial Average DJIA, -0.67% rose …
For the first time ever, US national debt crossed above $31 trillion this month, at a time when the Federal Reserve is in retreat from buying government debt and foreign investors’ interest in it is waning. With the largest players out of the picture, Treasurys are now in search of another reliable group of buyers …
“If you think about where we are right now, the Federal Reserve Board is fighting something that it hasn’t really seen in almost four decades, which is inflation. Inflation is a bit like toothpaste: once you get it out of the tube, it’s hard to get it back in, right?“ — Paul Tudor Jones Billionaire …
Wobbles aside, it’s been a pretty impressive week for stocks so far — 5%-plus gains across the board, which has sparked some market-bottom talk. But big data is coming — Friday’s payroll numbers and next week’s CPI — both important cogs in the Fed’s decision-making wheel and market direction. “We’re about to get an influx …
Stock markets tried their best Wednesday to maintain a two-day rally that saw some of the biggest single-day gains since April 2020, when markets initially rebounded from shutdowns in the early days of the coronavirus pandemic. The Dow Jones Industrial Average closed down 41 points at 30,274 Wednesday, after dipping more than 400 points in …
Here’s the reason behind this week’s stock turnaround Read More »
For years, Ray Dalio has made his disdain for cash abundantly clear. The founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, told everyone who would listen that cash was trash, a point he repeated at the MarketWatch “Best New Ideas In Money” festival just two weeks ago. Dalio said cash …
Quite a pivot: Ray Dalio has just reversed his long-held stance on this key asset class. Read More »
