Investors have been focused on jobs data as initial jobless claims reported on Thursday were 220,000 while continuing claims came in at 1.861 million.
Investors remain optimistic that the Fed has wrapped up its rate-hiking regime and that the economy is on track for a soft landing.
The S&P500 index has climbed 8.7% in November so far, on track for its strongest monthly showing since July 2022. It is up 19% in 2023.
Major US stock indices are poised for their third consecutive week of gains, with the S&P 500 and Nasdaq registering over 2% increases by Thursday's close, and the Dow expected to climb by 1.9%.
Consensus widely expects Fed cuts and solid consumer spending to allow the U.S. economy to glide down for a soft landing. However, Fed Chairman Jerome Powell said Thursday that policymakers are...
Consensus widely expects Fed cuts and solid consumer spending to allow the U.S. economy to glide down for a soft landing. However, Fed Chairman Jerome Powell said Thursday that policymakers are...
In the wake of the Federal Reserve's recent decision to maintain interest rates, the stock market has exhibited significant bullish momentum. This comes as the Fed not only kept rates unchanged but...
The Nasdaq Composite dropped deeper into correction territory on Thursday after many large tech firms did not quite live up to investors’ expectations.
The investing landscape is gearing up for an eventful week as earnings season unfolds, with a striking 30% of S&P 500 companies poised to unveil their financial results.
As investors navigate an increasingly turbulent market landscape, the geopolitical complexities arising from the Israel-Hamas conflict are compounding the existing uncertainties linked to surging...
The VIX index rose above 19 as stocks fell despite jobless claims remaining historically low. Fed’s rate outlook jitters stock traders now. The good news is that traders can profit from the market’s...
The Nasdaq Composite is off nearly 6% in September and down 4.3% for the quarter. This month will be the worst in 2023 for it. The Dow is on track for a 3% decline this month and a 2.2% fall for the...
Concerned about recent market downturns or the possibility of a recession? Here's some good news: The Federal Reserve's recent signal that interest rates won't drop as steeply as expected might have...
The producer price index for August outpaced expectations, surging by 0.7%, exceeding the anticipated 0.4% increase. However, the core producer price index (PPI) is aligned with the projected 0.2%...
The drop in US stocks in recent days as renewed concern swirled on Wall Street over the Fed’s interest rate policy path and whether policymakers will enact another hike this year.
Following a tumultuous August, investors brace themselves for what history deems a stormy September. As the financial landscape continues shifting, a constellation of factors demands investor...
Nvidia gained just 0.1% after its 3.2% rise the prior day. The graphics chip maker at the heart of the artificial intelligence boom reported record sales that doubled from a year ago. Nvidia looked...
August has ushered in market turbulence, with important indices poised for another week of losses, veering into negative territory for the month. The exuberant rally witnessed in the last half of the...
The market has seemingly reached a verdict: July's subdued inflation report has led to an anticipation of the Federal Reserve refraining from further interest rate hikes.
The stock market's once robust momentum has been slowly fading, raising concerns about a possible correction lately. The market’s sentiment is also being affected by a weakening global economy,...
