A robust earnings season could be all it takes to fuel a year-end rally on Wall Street, eclipsing recent jitters from geopolitical tensions. Having endured a turbulent summer amid worries about higher-for-longer interest rates, the S&P 500 Index has been drifting lower since hitting a July peak, bringing valuations closer to long-term averages. With analysts … Read more
After investment losses tore through the US financial system this year, a fresh slump in bank stocks shows some investors fear the problem — which at its most extreme claimed a handful of lenders — hasn’t gone away. Unrealized losses on bank securities’ portfolios will likely increase in the third quarter after a steep rise … Read more
Wall Street Strategists Turn Ever Bullish Just as Stocks Slump Bloomberg Source link
Deutsche Bank’s Trading Revenue Set to Drop for Third Quarter Bloomberg Source link
Stock Market Today: Dow, S&P Live Updates for September 22 Bloomberg Source link
Stock Market’s Goldilocks Run Can Continue Into 2024, HSBC’s Max … Bloomberg Source link
Morgan Stanley has pushed back against Treasury bears, saying investors should buy US sovereign debt as markets may be too optimistic over the prospect of a soft-landing for the economy. Treasuries are also likely to be supported as inflation can keep slowing even if growth does remain relatively healthy, strategists at the investment bank including … Read more
Stocks retreated amid concern over how a Chinese ban on Apple Inc.’s iPhone could impact big tech, the industry that has driven this year’s market rally. Treasuries rose alongside the dollar. The Nasdaq 100 underperformed as Apple slid about 6.5% in two days, wiping out $190 billion in value. The company’s suppliers such as Qualcomm … Read more
Stock Market Today: Dow, S&P Live Updates for August 18 Bloomberg Source link
Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe here. Beset by worriesMajor U.S. indexes tumbled, weighed down by losses in … Read more