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Stock Market Rally Continues Despite Repeated Fed Rate Hike Warnings
Wednesday, August 3, 2022 - 3:14pm | 626The SPDR S&P 500 ETF Trust (NYSE: SPY) has rallied 3.2% in the past five days as investors seem to be taking an increasingly bullish tone toward the health of the U.S. economy, particularly on the inflation front. However, hawkish remarks from Federal Reserve officials this week suggest...
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Why This Fed President Says Monetary Policy Needs To Be 'Much Closer To Neutral'
Monday, April 11, 2022 - 5:21pm | 491While Chicago Federal Reserve Bank President Charles Evans was wrong in assuming inflation would be transitory, he's optimistic about the strength of the economy, he said Monday in Detroit. Certain goods, cars, furniture and energy prices are driving the Consumer Price...
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What Is Each Fed President Saying About A Rate Hike?
Tuesday, August 25, 2015 - 11:32am | 760While global financial markets try to determine if the turmoil resulting from China’s economic weakness is enough to put a potential September Federal Reserve rate hike on hold for the time being, now is a good time to take a careful look at what 11 of the 13 Federal Reserve Bank Presidents...
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Markets Rally On Fed Minutes, Alcoa Kicks Off Earnings Season With Strong Beat
Wednesday, October 8, 2014 - 5:14pm | 2148U.S. stocks rallied after the 2:00 PM release of the Fed's September minutes, which revealed that committee members continue to debate over the timing and language of a rate hike. Several officials questioned their guidance if short-term rates were likely to stay low for a “...
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Market Wrap For February 4: Investors And Traders Go Bargain Hunting
Tuesday, February 4, 2014 - 5:40pm | 2983U.S. stocks rose today as investors and traders felt that there were plenty of bargains in the market to be found. "Today is just a bounce. I don't think there is really that much behind it, other than some bargain hunters stepping in," Robert Pavlik, a chief market strategist said to CNBC....
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Market Wrap For November 19: Home Depot's Strong Earnings Unable To Keep Dow In Positive Territory
Tuesday, November 19, 2013 - 5:34pm | 1457Tuesday, Chicago Fed boss Charles Evans said that 2013 growth will likely fall short of expectations. In what is clearly a growing sign of Twitter's (NYSE: TWTR) ability to deliver news, the Chicago Fed live-tweeted Evan's speech which was given to Illinois bankers. Most notable was: @...
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World Markets Lower – Blame The Fed
Wednesday, August 7, 2013 - 12:02pm | 486What does it mean when you have a U.S. equity market that sold off Tuesday, futures down Wednesday, the Nikkei down four percent Wednesday, weaker dollar and weaker gold? The same thing as last time: the Fed is, once again, floating the tapering talk. The traders’ playbook is relatively...
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Benzinga Market Primer: Tuesday, August 6: Futures Flat Ahead Of Fed Speak
Tuesday, August 6, 2013 - 6:39am | 1174Futures Flat Ahead of Fed Speak U.S. equity futures traded flat in early pre-market trade ahead of some key earnings reports, notably from drug store chain CVS (NYSE: CVS). Also, a speech from Fed President Charles Evans could move markets this morning. Top News In other news around the markets...
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Benzinga Market Primer: Friday, May 10
Friday, May 10, 2013 - 6:40am | 992Futures Slightly Higher On Yen Weakness U.S. equity futures rose slightly in early pre-market trade although the story was all about the yen overnight. The yen continued to weaken against the dollar overnight as the USD/JPY rose above 101 on new reports that Japanese citizens are starting to buy...
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Benzinga Market Primer: Thursday, April 4
Thursday, April 4, 2013 - 6:21am | 868Futures Higher on BoJ Easing, Eyeing BoE, ECB U.S. equity futures rose on new rounds of easing from the Bank of Japan in hopes that continued and increased central bank stimulus can continue to prop up the global economy. The BoJ is to increase purchases to seven trillion yen per month, or about...
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Benzinga Market Primer: Tuesday, April 2
Tuesday, April 2, 2013 - 6:33am | 871Futures Rise Reversing Monday Declines U.S. equity futures rose in early pre-market trade despite some worrisome economic data being released overnight globally. The Eurozone Unemployment Rate rose to a record 12 percent in March, in line with estimates but actually showing smaller than expected...
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Weekly Preview: Non-Farm Payrolls, Global Central Banks in Focus
Friday, March 29, 2013 - 2:44pm | 937Next week, investors eyes will be on the economy as well as some key company earnings as markets attempt to continue to make new highs. In the past week, the S&P 500 Index breached its previous closing high of 1,565.40. Investors now look to economic indicators as to the next move for markets...
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Benzinga Market Primer: Thursday, February 28
Thursday, February 28, 2013 - 7:33am | 818Futures Flat On Draghi Stimulus Comments U.S. equity futures were relatively flat in early trade following comments from ECB President Mario Draghi. Draghi said that the bank has no intention of tightening policy anytime soon as inflation runs below target and that the bank is far from...
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Benzinga Market Primer: Thursday, February 7
Thursday, February 7, 2013 - 7:23am | 961Futures Higher as Euro Gains U.S. equity futures rose in pre-market trading as the euro rallied and European stocks gained. Markets await the interest rate decisions from the Bank of England and European Central Bank, due out later this morning. Top News In other news around the markets:...
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Benzinga Market Primer: Monday, January 14
Monday, January 14, 2013 - 7:43am | 791Futures Rise on Chinese Strength, Stimulus Hopes U.S. equity futures rose slightly in early Monday trade following news out of China that Chinese authorities will now allow direct investment of foreigners in stocks, bonds, and other financial assets. The news is just another step in China's...