-
Fed's Kashkari Says Aggressive Rate Hikes Needed To Curb Inflation: 'Haven't Seen Anything Yet To Lower My Rate Path'
Tuesday, February 7, 2023 - 9:03am | 503Ahead of the market open on Tuesday, a Fed official warned that the war against inflation is far from over. What Happened: The strong January payrolls report showed that the central bank has more work to do in its fight against inflation, said Minneapolis Fed President Neel Kashkari in an...
-
Ray Dalio Says Cash Now Relatively More Attractive Than Stocks, Bonds
Friday, February 3, 2023 - 8:55am | 414Ray Dalio, founder, CIO Mentor and member of the Bridgewater Board believes cash is pretty attractive now, both in relation to stocks and bonds. What Happened: The billionaire’s statement is a reversal from his earlier stance when he believed cash was trash. “We are now in a...
-
Tesla, Meta Stocks: Here Are The Crucial Levels To Watch Next Week
Friday, February 3, 2023 - 7:50am | 447Tesla Inc. (NASDAQ: TSLA) and Meta Platforms Inc. (NASDAQ: META) shares have surged significantly since the beginning of 2023. While Tesla gained over 74% this year, Meta has surged over 51%. What Happened: As tech stocks continue to rally with the Federal Reserve dialing down its rate hike pace...
-
Nasdaq Futures Fly As Meta Keeps Tech Earnings' Buoyancy Intact: Will Apple, Amazon, Alphabet Toe In Line?
Thursday, February 2, 2023 - 7:34am | 1415The index futures point to a mixed opening on Thursday, as tech earnings continue to be encouraging. Meta Platform Inc’s (NASDAQ: META) strong earnings could set the tempo for the market mood as traders wait to hear from some of its big tech peers after the close. Cues From Wednesday...
-
US Stocks On Track For Nervous Start As Traders Go Fed Watching: AMD Earnings Calm Investors
Wednesday, February 1, 2023 - 7:56am | 1514Futures trading point to a negative start by Wall Street stocks on Wednesday as traders exercise restraint ahead of the Fed decision due in the afternoon. Cues From Tuesday’s Trading: Stocks closed notably higher on Tuesday, capping off a strong January, as positive reactions to earnings...
-
Fed Economist Argues Recent Rate Hikes May Be Increasing Wealth Inequality Rather Than Reducing It
Friday, January 27, 2023 - 9:21am | 443A new working paper from the Federal Reserve argues the central bank’s recent rate hikes may be increasing wealth inequality rather than reducing it. What Happened: Federal Reserve Board Economist Daniel Ringo argued home purchases by low- and moderate-income households may be...
-
Tesla's Q4 Report To Drop On Wednesday: What Investors Should Expect From Challenging Quarter
Tuesday, January 24, 2023 - 9:43am | 1214As Tesla Inc. (NASDAQ: TSLA) preps to release its fourth-quarter results, here are some insights into what to expect from the report and its implication for the stock that is taking fledging steps to recovery. Q4 Outlook: Analysts, on average, estimate non-GAAP earnings per share of $1.13 for...
-
US Stocks Seem To Flatline As Traders Digest Friday's Gains: Key Earnings To Dominate Sentiments This Week
Monday, January 23, 2023 - 7:27am | 1223Trading in the U.S. index futures suggests stocks may start the week on a nervous note as fourth-quarter reporting season begins in earnest. What To Watch Today Tech, railroad operators, payment processors, defense contractors and airlines are among the companies lined up to release...
-
Tale Of 2 Chip Stocks: Ahead Of Intel, Texas Instruments Earnings, Analysts Weigh In On Results, Q1 Outlook
Monday, January 23, 2023 - 7:19am | 882Tech earnings begin to drop this week, with a couple of big-name chip stocks and a few semiconductor-equipment manufacturers among the early reporters from the sector. What Happened: China headwinds associated with the slowing economy and reopening portend a choppy chip earnings season ahead,...
-
Nasdaq, S&P Futures Narrowly Mixed As New-Found Optimism Tempers Ahead Of Big Bank Earnings, Consumer Sentiment Data
Friday, January 13, 2023 - 7:21am | 1314US stocks look set to start Friday’s session on a nervous note as the recent gains introduce caution amid traders. The trading direction could also hinge on the earnings reports from big banks and the results of the University of Michigan's consumer sentiment survey. What Happened: On...
-
Why This Market Strategist Sees 23% Gain For S&P 500 Index This Year: 'Volatility To Sink Sharply'
Tuesday, January 10, 2023 - 7:37am | 714Fundstrat’s Head of Research Tom Lee, who has the most optimistic end-of-year S&P 500 forecast once again raised the specter of a strong year for the market. What Happened: The first four days of 2023 have seen a gain of 1.4% by the S&P 500 Index. This is an omen for a strong...
-
US Stocks Show Tentativeness On Tuesday As Traders Wait On Word From Fed Chair Jerome Powell
Tuesday, January 10, 2023 - 7:11am | 1043U.S. stocks look set to start Tuesday’s session on a nervous note as traders may prefer to wait and watch the inflation data before making their next moves. What Happened: Fed officials, who made public appearances on Monday, hinted at basing the magnitude of the next fed fund rate hike on...
-
US Market Poised To End Week On High Note: Nasdaq, S&P 500 Futures Rally As Investors' Attention Moves Away From Fed Rate Hike To Friday's Jobs Report
Friday, November 4, 2022 - 7:16am | 851The major U.S. index futures are pointing to a higher opening on Friday, as rate worries abate and the market prepares to focus on the next big catalyst. On Thursday, the major averages opened lower and moved mostly below the unchanged line before closing firmly in the red, as lingering worries...
-
US Stocks In For Another Tough Day After Fed Rate Hike As Nasdaq, S&P 500 Futures Fall — Roku, Qualcomm Plunge On Earnings Disappointment
Thursday, November 3, 2022 - 7:12am | 1359The U.S. index futures are pointing to a lackluster start on Wall Street Thursday, as rate worries linger. On Wednesday, the major averages experienced a bout of volatility in the aftermath of the Fed decision and closed notably lower. The market showed tentativeness in the run up to the Fed...
-
S&P 500, Nasdaq Futures Search For Direction As Key Fed Rate Decision Awaited Today — AMD, Qualcomm And These Stocks In Focus
Wednesday, November 2, 2022 - 6:58am | 1400Trading in the U.S. index futures suggests a mixed start on Wednesday, although the Fed rate decision and the signals coming out from the central bank will ultimately decide which direction the market would take. Contingent on different permutations and combinations, JP Morgan analysts expect...