No cut, no problem—at least not for the stock market. It should have been a bad week for an overextended market, one that had risen for 14 of the previous 15 weeks. A pair of stronger-than-expected January inflation prints forced investors to wake up to the realization that the Federal Reserve won’t be cutting interest … Read more
Stock Market Today: Dow, S&P Live Updates for February 14 Bloomberg Source link
The US stock market was rocked by hotter-than-expected inflation data Tuesday as financial markets brace for the possibility that the Federal Reserve may keep interest rates higher for longer than hoped. The S&P 500 Index is down 1.1% after core US consumer prices climbed by most in eight months. If that holds into the close, … Read more
Stock Market Today: Dow, S&P Live Updates for February 9 Bloomberg Source link
From one corner of JPMorgan Chase & Co., the bank’s stock-averse chief market strategist, Marko Kolanovic, has issued a consistent drumbeat of warnings about stretched technology valuations and the risk that high interest rates will stall the global economy. Over at the bank’s trading desk, they’ve reached a different conclusion: It’s a good time to … Read more
robust recession indicator, but has been wrong so far in the current interest rate cycle. (Photo by Spencer Platt/Getty Images) Getty Images Yield curve inversion has historically predicted U.S. recessions with greater accuracy than many other economic indicators. The signal has suggested a recession could be coming since summer 2022, but the U.S. economy continues … Read more
The world’s biggest bond market rebounded, with traders gearing up for a record $42 billion sale of 10-year Treasuries after a solid start to this week’s ramped-upBloomberg Terminal issuance sizes. Following a selloff that drove two-year yields to their highest since before the Fed’s December “pivot”, bonds climbed. A $54 billionBloomberg Terminal sale of three-year … Read more
A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., January 31, 2024. Brendan McDermid | Reuters The U.S. stock market is in a “very dangerous” spot as persistently strong jobs numbers and wage growth suggest the Federal Reserve’s … Read more
Not Facing Any ED Probe After RBI’s Disciplinary Action, Says Paytm Paytm parent, One97 Communications, issued a clarification on Sunday stating that the firm or its related entities are not facing any probe from the Enforcement Directorate (ED). The statement came after media reports said that the government agency could potentially launch an investigation against … Read more
The stock market extended this week’s gains amid a rally in big tech and as a solid jobs report bolstered the outlook for corporate profits. Bonds fell. The equity market continued to show resilience near its all-time highs, with the S&P 500 topping 4,900. The tech-heavy Nasdaq 100 climbed 1% thanks to bullish outlooks from … Read more