[Chart courtesy of MarketWatch.com] The stock market lost its appetite as bond prices went down and interest rates went up. The U.S. economy also showed some surprising strength, making the Fed less likely to cut rates. ZeroHedge summed it up like this: Retail sales: hot; Housing: sizzling; Industrial Production: – not bad. The ‘real’ numbers are looking good, while the …
Fed’s Rate-Cut Riddle Leaves Traders Guessing: Is The Market’s Magic Show Over?
[Chart courtesy of MarketWatch.com] The Dow took a nosedive today, leading the market’s merry dance downwards as interest rates inched up and traders sifted through the latest earnings reports like kids at a candy store. Investors are on the edge of their seats, waiting for more data to peek into the wallet of the American consumer. The 10-year Treasury note …
Markets Shake Off Inflation Fears, End The Day Flat
[Chart courtesy of MarketWatch.com] The major indexes had a bumpy ride on Thursday, as they plunged after the opening bell, then bounced back, and ended the day flat. The trigger for the initial sell-off was the latest inflation report, which showed that consumer prices rose more than expected in December, reaching the highest annual rate in 13 years. The CPI …
Stocks Rise Ahead Of Inflation And Earnings Reports
[Chart courtesy of MarketWatch.com] Traders pushed stocks higher today, as they waited for the latest U.S. inflation and earnings reports. The consumer price index (cpi) for December, due tomorrow, is expected to show a 3.2% annual increase. Traders will scan the reports for hints on when the fed will start lowering rates. Those hopes have faded a bit lately, even …
Stocks Recover From Early Drop, Investors Eye Inflation Clues
[Chart courtesy of MarketWatch.com] U.S. indexes had another rough day on Tuesday, but they managed to recover some of their losses by the end of the session. Tech stocks, which had soared on Monday, gave back some of their gains as Unity Software announced a massive layoff, Netflix got downgraded by Citi, and Apple and Tesla slipped. The only bright …
Wall Street Recovers From Rough Week, Led By Tech Sector
[Chart courtesy of MarketWatch.com] The tech sector led a rebound on Wall Street today, as investors snapped up bargains after a brutal week. The S&P 500 and Nasdaq Composite both gained ground, while the Dow lagged due to Boeing’s woes. The rally in tech stocks came as bond yields eased, making the sector’s lofty valuations more attractive. Yields have been …