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Earnings could be an even bigger catalyst for stocks after the market’s wild ride on rate fears. Earnings could be a main driver of stocks in the week ahead, after a roller-coaster ride on changing sentiment about how much the Federal Reserve will raise interest rates.Hot inflation data initially sparked speculation the Fed could raise interest rates by a full percentage point. By the end of the week, strong data and comments from Fed officials quashed those expectations.In the week ahead, investors are looking to housing data and expect earnings from a broad swath of companies to steer stocks.Strategists have been expecting the second-quarter earnings season to contain disappointments and downward revisions, as companies deal with inflation, supply chain issues, staff shortages — and now
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Mainland Chinese indexes led losses as Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. "It’s no surprise and it makes all sorts of logical sense that the market should be concerned about the Covid situation because that clearly is impacting economic activity. It’s impacting earnings potential for many parts of the market,” said Timothy Moe, chief Asia-Pacific equity strategist at Goldman Sachs. China has been struggling to contain its worst outbreak of the virus despite harsh lockdowns in its largest city, Shanghai. Over the weekend, capital Beijing, warned that the virus has been spreading undetected for about a week.
S&P 500 Ready to Join Bear Market, Says Morgan Stanley
Mainland Chinese indexes led losses as Asia-Pacific markets fell sharply on Monday following a sell-off on Wall Street on Friday. "It’s no surprise and it makes all sorts of logical sense that the market should be concerned about the Covid situation because that clearly is impacting economic activity. It’s impacting earnings potential for many parts of the market,” said Timothy Moe, chief Asia-Pacific equity strategist at Goldman Sachs. China has been struggling to contain its worst outbreak of the virus despite harsh lockdowns in its largest city, Shanghai. Over the weekend, capital Beijing, warned that the virus has been spreading undetected for about a week.
The Stock Market Selloff Still Has Another 20% to Go, Says the Godfather of Liquidity
Nasdaq rises for fifth-straight day after strong jobs report as Wall Street notches winning week. The Nasdaq Composite rose in choppy trading on Friday as investors reacted to a stronger-than-expected jobs report that will likely keep the Federal Reserve on track for its aggressive rate hikes. The Nasdaq gained 0.12%. The Nasdaq has risen in five straight days for the first time this year. Nonfarm payrolls increased 372,000 in the month of June, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data Friday from the Bureau of Labor Statistics. All three major averages finished up for the week. The jobs report and a recent decline in commodities prices have made a have made a so-called “soft landing” for the U.S. economy a bit
Stocks Fall on Friday As Rates Jump Following Strong Jobs Report
Nasdaq rises for fifth-straight day after strong jobs report as Wall Street notches winning week. The Nasdaq Composite rose in choppy trading on Friday as investors reacted to a stronger-than-expected jobs report that will likely keep the Federal Reserve on track for its aggressive rate hikes. The Nasdaq gained 0.12%. The Nasdaq has risen in five straight days for the first time this year. Nonfarm payrolls increased 372,000 in the month of June, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data Friday from the Bureau of Labor Statistics. All three major averages finished up for the week. The jobs report and a recent decline in commodities prices have made a have made a so-called “soft landing” for the U.S. economy a bit
Stocks Turn Positive As Investors Digest June Jobs Report
Nasdaq rises for fifth-straight day after strong jobs report as Wall Street notches winning week. The Nasdaq Composite rose in choppy trading on Friday as investors reacted to a stronger-than-expected jobs report that will likely keep the Federal Reserve on track for its aggressive rate hikes.The Nasdaq gained 0.12%. The Nasdaq has risen in five straight days for the first time this year. Nonfarm payrolls increased 372,000 in the month of June, better than the 250,000 Dow Jones estimate and continuing what has been a strong year for job growth, according to data Friday from the Bureau of Labor Statistics.All three major averages finished up for the week. The jobs report and a recent decline in commodities prices have made a have made a so-called “soft landing” for the U.S. econom
Jobs Blowout Means More Pressure for Fed
S&P 500 closes lower, notches 5-day losing streak ahead of key inflation report. U.S. stocks fell Tuesday, reversing gains from earlier in the day as investors looked ahead to key inflation data out later in the week that will give the Federal Reserve updated information on the state of the U.S. economy. The S&P 500 slipped 0.65% to close at 3,588.84 after rebounding from a multiyear low earlier in the session. The Nasdaq Composite fell 1.10% to 10,426.19, its lowest close since July 2020. Tuesday’s losses notched the fifth day in a row of declines for both indexes. The Dow Jones Industrial Average rose 0.12%, to close at 29,239.19, bolstered by jumps in Amgen and Walgreens Boots Alliance. Bond prices also fell, and the yield on the U.S. 10-year Treasury neared the key 4% leve
US STOCKS-S&P 500, Nasdaq End Lower; BoE Comments Add to Market Jitters Late
Forbes reports Temasek having invested US$205 into bankrupted cryptocurrency exchange. According to an exclusive report by Forbes, Temasek Holdings has US$205 million invested into cryptocurrency platform FTX which has filed for bankruptcy in the United States. FTX Group announced in a statement on Friday (11 Nov) that it filed for US' Chapter 11 bankruptcy proceedings, adding it has begun an “orderly process to review and monetize assets for the benefit of all global stakeholders.” The filing comes after the world’s biggest cryptocurrency platform Binance agreed to buy its rival earlier this week but backed out, leading market players to consider possible regulator responses. Forbes' report noted that FTX became a huge draw for venture capitalists eager to get in on the Bitcoin boom as th
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The Fed is breaking things’ – Here’s what has Wall Street on edge as risks rise around the world. Markets entered a perilous new phase in the past week, one in which statistically unusual moves across asset classes are becoming commonplace. Surging volatility in what are supposed to be among the safest fixed income instruments in the world could disrupt the financial system’s plumbing, according to Mark Connors, former Credit Suisse global head of risk advisory. That could force the Fed to prop up the Treasury market, he said. Doing so will likely force the Fed to put a halt to its quantitative tightening program ahead of schedule. The other worry is that the whipsawing markets will expose the weak hands among asset managers, hedge funds and other players who may have been overleveraged or
Tiger Chart｜Fed Rate Hike Won’t End in the near Term
Stocks close lower, major averages on pace for weekly declines as recession fears mount. Stocks on Thursday posted their third straight daily decline, as mounting fears that the Federal Reserve’s aggressive rate hikes will push the economy into a recession dented risk appetite for investors.The S&P 500 slid 0.8% to 3,757.99, while the Nasdaq Composite shed 1.4% to 11,066.81. The Dow Jones Industrial Average closed 0.3%, at 30,076.68.Thursday’s session left the major averages on pace to close the week with losses. The Dow is down about 2.42% week to date, while the S&P and Nasdaq have tumbled 3% and 3.3%, respectively. The S&P and Dow closed Thursday 2.5% and 0.5% off their recent lows.Bond yields surged again on Thursday, with the yields on the 10-year and 2-year Treasury
The Federal Reserve Delivers A Massive Shock To The Stock Market
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