Category Archives for News

The stock market is inches away from a new high and the Fed could push it over the top

interest rates

The S&P 500 is closing in on its all-time high, and is likely to sail past it, as long as the Fed continues to promise lower interest rates, and there is no irreparable divide between the U.S. and China on trade. Stocks were rising Tuesday as markets anticipated a dovish Fed on Wednesday, and as the […]

Continue reading

Stock-market investors haven’t been this bearish since the 2008 financial crisis, says Bank of America


The S&P 500 is within 1% of its closing record set on April 30 The S&P 500 index stands less than 1% shy of a record but investors aren’t loving the climb, based on a recent fund manager survey from Bank of America Merrill Lynch. The survey of 179 global managers overseeing some half trillion dollars in […]

Continue reading

Stock Market Rally Hits Resistance; Facebook Jumps, MoneyGram Skyrockets On Cryptocurrency News


Dow Jones futures edged higher early Tuesday, along with S&P 500 futures and Nasdaq futures, after Facebook (FB), Netflix (NFLX) and other FANG stocks led a modest stock market rally Monday. Facebook stock extended a strong regular-session gain ahead of Tuesday’s cryptocurrency announcement. Meanwhile, MoneyGram International (MGI) skyrocketed after hours on a strategic alliance with […]

Continue reading

Stocks notch slight gains as tech shares rise, Wall Street awaits Fed meeting

Stock Market

Stocks rose slightly on Monday, led by gains in tech, as investors looked ahead to a crucial Federal Reserve meeting this week. The Dow Jones Industrial Average rose 22.92 points to 26,112.53 while the S&P 500 closed 0.1% higher at 2,889.67. The Nasdaq Composite outperformed, rising 0.6% to 7,845.02 as tech shares gained. Facebook and Netflix climbed […]

Continue reading

Fed may break a lot of stock-market investors’ hearts next week

warning signal

The first cut is the deepest. Clamoring for a rate cut—the first in more than a decade—by the Federal Reserve at some point this year is running hot. A survey by the Wall Street Journal earlier in the week signaled that nearly 40% of economists (paywall) polled by the publication expect the U.S. central bank to ease […]

Continue reading

Trump says stock market would be ’10,000 points higher’ if Fed didn’t raise rates

Federal Reserve

President Donald Trump renewed his criticism of Federal Reserve Chairman Jerome Powell in a recent interview with ABC News’ George Stephanopoulos, saying the economy and stock market both could be doing much better “if we had somebody different” in charge of the central bank. The president predicted that GDP would be 1.5 percentage points higher had […]

Continue reading

A Morgan Stanley economic indicator just suffered a record collapse


A reading of the economy from Morgan Stanley is signaling “June gloom.” Morgan Stanley’s Business Conditions Index, which captures turning points in the economy, fell by 32 points in June, to a level of 13 from a level of 45 in May. This drop is the largest one-month decline on record and the lowest level since […]

Continue reading

Trump and Xi are supposed to meet at the upcoming G20 summit. Here’s why experts say the outcome will dictate the fate of the entire stock market.

The planned meeting between President Donald Trump and his Chinese counterpart, Xi Jinping, at the annual G20 summit remains a high-stakes “will they, won’t they” game. Trump said he wanted to meet with Xi later this month as trade tensions linger. Beijing has not confirmed any meeting, according to reports. And sources told Reuters this week […]

Continue reading

This ‘superstar’ stock portfolio from Goldman Sachs is beating the market

A Goldman Sachs stock portfolio that tracks industry-dominant “superstar” companies in the United States is beating the stock market over the last three years. Among the stocks on the list: Procter & Gamble, which dominates consumer products, Altria Group, which dominates tobacco, along with Google parent Alphabet and PepsiCo. These companies often benefit from a high […]

Continue reading

This S&P 500 sector is having its best month in about 4 years, trouncing tech stocks

S&P 500

The S&P 500’s material’s sector is up more than 9% so far in JuneQuick — what’s the best performing sector in the S&P 500 so far in June? No, it isn’t the highflying information technology sector — that’s second best. The materials sector is by far having the best month of any of the 11 sectors […]

Continue reading
1 30 31 32 33 34 54