[Chart courtesy of MarketWatch.com] Moving the markets The stock market kicked off the week with a bang, as tech stocks bounced back from their recent slump. Tesla was the star of the show, soaring more than 9% after Morgan Stanley gave it a thumbs up and predicted a big rally ahead, thanks to its self-driving software. Maybe Elon Musk can …
Fed Fears And China Ban Spook Wall Street
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street was worried on Thursday as the Fed might raise interest rates again this year. Apple and other tech stocks suffered as China banned iPhones in state firms. Jobless claims were lower than expected, and labor costs were higher, signaling a strong labor market. This, along with rising energy prices, could pressure …
Stocks Slump As Oil Prices Spoil Dovish Dreams
[Chart courtesy of MarketWatch.com] Moving the markets Wall Street had a bad day on Wednesday, as tech and consumer stocks dragged the market down. Nvidia, Apple and Tesla were among the worst performers, losing about 3% each. The “Magnificent 7” stocks were not so magnificent after all. Oil prices soared to their highest level since November, as Saudi Arabia and …
Stocks Face A Triple Whammy: Oil, Yields And Recession Fears
[Chart courtesy of MarketWatch.com] Moving the markets It was a tough Tuesday for stocks as they started the week with a drop, dragged down by rising oil prices. Saudi Arabia decided to keep cutting its oil production by 1 million barrels per day, pushing the West Texas Intermediate futures above $87 per barrel, the highest since November. That’s gotta hurt! …
Stocks End August On A Sour Note As Inflation And Bond Yields Weigh
[Chart courtesy of MarketWatch.com] Moving the markets The stock market had a roller-coaster ride on Thursday, as an early rally fizzled out and left only the Nasdaq in the green. The other two major indexes closed slightly lower, snapping a 4-day winning streak. The month of August was a bumpy one for stocks, as the S&P 500 trimmed its losses …
Bad News Boosts Stocks, But For How Long?
[Chart courtesy of MarketWatch.com] Moving the markets The stock market seems to be living in a paradox these days. Weak economic data, which usually spells trouble for equities, has been boosting them instead. Why? Because investors are hoping that the Fed will ease its monetary policy in response to the slowdown. On Wednesday, traders got another dose of bad news. …