Stocks fall on dashed inflation hopes; The S&P 500 loses 3%

NEW YORK — Stocks tumble and disappointment hits markets around the world on Tuesday, following the sudden realization on Wall Street that inflation is not slowing as much as hoped. Them&P 500 was down 3% in afternoon trading, threatening to snap a four-day winning streak. Bond prices also fell sharply, pushing up their yields, after … Read more

Yellen says inflation and rising gas prices remain a ‘risk’

CNN — Treasury Secretary Janet Yellen said on Sunday there is a ‘risk’ that US gas prices could rise again later this year as fears grow that Americans’ wallets could be put to the test. hardship by a price spike similar to the one seen this summer. “Well, it’s a risk. And that’s a risk … Read more

Stocks end higher overall, snapping a three-week losing streak

NEW YORK — Wall Street added to its recent gains on Friday with a broad rally that snapped the market’s three-week losing streak. Them&P 500 closed 1.5% higher, its third straight increase, and ended with a 3.7% gain for the week. That makes it the benchmark’s best week since July. Big gains for technology companies … Read more

‘There is no pivot from the Fed’: Wall Street finally gets the message as stocks slump after Powell speech

Federal Reserve Chairman Jerome Powell’s brief but candid speech in Jackson Hole on Friday sparked a sharp sell-off in stocks and other financial assets as Wall Street reacted to his vow to bring inflation down central bank’s 2% target. The S&P 500 SPX, -3.37% finished 141.46 points lower, or 3.4%, at 4,057.74. The Dow Jones … Read more

Heroism fueled or not, the S&P 500 level is destined for another test of lows. These are the levels to watch, says this strategist

In the words of the great Bonnie Tyler: “It has to be safe, and it has to be soon, and it has to be larger than life.” The hero this market is waiting for is Fed Chairman Jerome Powell and he speaks on Friday, so it’s soon. Whether he is sure remains the question. “The … Read more

A new supercycle is emerging for the economy, and stocks will benefit, strategist says

It’s been an interesting summer for financial markets – more or less a series of mostly pessimistic economic data has traders thinking the Fed will ease the pedal, although over the past week they’ve been less and less convinced of this point of view. Taking a longer lens, Dario Perkins, managing director of global macroeconomics … Read more

Once the Worst Yield on Wall Street, Cash Now Seems to Be the Best Asset to Own, According to Morgan Stanley

Equity sellers are poised to pick up where they left off on Friday as the market appears to wake up from its August slumber with a vengeance. As Goldman Sach’s Chief U.S. Equity Strategist David Kostin told his clients after the S&P 500 SPX took just 17 weeks to hit its year-end target of 4,300, … Read more

Ukraine grain deal ‘lays foundation for permanent peace environment’, Turkey says

CNN — Some 27 ships loaded with grain left Ukrainian Black Sea ports since August 1 under a United Nations-brokered export deal with Turkey, which laid “the foundations for a permanent environment of peace”, Turkey’s defense minister said in a speech on Saturday. . “Since August 1, a total of 53 vessels have sailed for … Read more

US stocks recover from lower open even as China raises concerns over global growth

US stocks rebounded on Monday afternoon as investors looked past soft data from China that led to a lower open for all three major indexes. How Stocks Trade The Dow Jones Industrial Average DJIA, +0.48% rose 135 points, or 0.4%, to 33,896. The S&P 500 SPX, +0.28% rose 12 points, or 0.3%, to 4,292. The … Read more

Why stock market bulls are encouraging the S&P 500 to close above 4,231

The S&P 500 index ended Friday above a chart level that provided a dose of encouragement to stock market bulls arguing that the bottom of the US bear market has been reached, although technical analysts warned that this may not have been a signal to go all-in on stocks. . The S&P 500 SPX, +1.73% … Read more