Even after some choppy weeks, the S&P 500 Index is still up more than 11% for 2023. But not all the stocks in the index have participated in this rally. Some are down a double-digit percentage year to date.Sometimes the selloff...
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Gold is Crashing as Oil Prices Soar
Stocks swung between gains and losses Wednesday before ultimately closing mixed as Treasury yields and the dollar resumed their relentless march higher.The Nasdaq climbed 0.2%, while the S&P 500, down as much as 0.8% midday...
Billionaire Bank CEO Says Interest Rates Could Go Higher
JPMorgan Chase CEO Jamie Dimon recently weighed in on the path U.S. interest rates could take in the future.He told The Times of India interest rates “may go up more” but added that he “hope[s] and pray[s] there...
History Shows Stocks Will React If Govt Shuts Down
Markets tend to hate US government shutdowns and the uncertainty they cast on the economy and big companies.And they really hate the long, drawn-out variety.New number crunching out of RBC Capital Markets strategist Lori...
Record Stock Market Selling Signals Trouble Ahead
Investor outflows from stocks were the highest they've been all year in the last week, as markets mull the possibility that interest rates could remain elevated for longer than expected, according to Bank of America.Stocks saw...
Is This The Start of a Market Freefall?
U.S. stocks retreated further Thursday as investors continued to digest the Fed's hints that rates could stay elevated for longer than expected.The Nasdaq dropped 1.8%, adding to yesterday's 1.5% decline. The S&P 500 fell 1.6%...
Why Oil Could Soon Break $100 Per Barrel
Chevron CEO Mike Wirth told Bloomberg that the price of oil “probably is headed for the $100 mark soon amid tightening supplies.”Production reductions from Russia and Saudia Arabia have West Texas Intermediate (WTI)...
Fed’s ‘Higher for Longer’ Rates Rattle Markets
U.S. stocks fell and Treasury yields surged Tuesday as investors prepared for tomorrow's interest rate decision from the Federal Reserve.The Dow Jones Industrial Average fell 0.3%, while the Nasdaq and the S&P 500both slipped 0...
The Market’s Tense Wait for the Fed’s Next Move
Stocks finished the day flat Monday as investors awaited the Federal Reserve's next interest rate decision later this week. The S&P 500 inched up just under 0.1%, while the Dow Jones Industrial Averageand the Nasdaq closed...
Wall Street Foresees No Upcoming Rate Hike
The Federal Reserve likely won’t raise interest rates at its annual meeting at the end of next month, strategists with Goldman Sachs predicted Saturday, citing “better news on inflation” as part of the reason for the...