US stocks climb as strong economic data bolster sentiment ahead of Powell speech

U.S. stocks rose on Thursday, with major benchmarks heading for back-to-back gains after a string of strong economic data as investors awaited news from Federal Reserve Chairman Jerome Powell on Friday. How Stocks Trade S&P500 SPX rose 42 points, or 1%, to 4,183. Dow Jones Industrial Average DJIA advanced 150 points, or 0.5%, to 33,116. … Read more

Disappointing US data prompts traders to consider possible Fed half-point rate hike in September

In the blink of an eye on Tuesday, the U.S. bond market’s focus shifted to fears of a sharp and unexpected economic slowdown and away from persistently high inflation for most of the day. negotiation. This shift in sentiment came after data showed the U.S. new home sales plunged in July to its lowest level … Read more

Dow drops 300 points as options expiration unleashes equity volatility

U.S. stocks traded lower on Friday as more than $2 trillion in stock-linked options expired, as investors digested more hawkish comments from the Federal Reserve. How are stock index futures traded? The Dow Jones Industrial Average DJIA, -0.77% fell 302.06 points, or 0.9%, to 33,695. The S&P 500 SPX, -1.29% fell 57 points, or 1.4%, … Read more

Dow drops 300 points as options expiration unleashes equity volatility

U.S. stocks traded lower on Friday as more than $2 trillion in stock-linked options expired, as investors digested more hawkish comments from the Federal Reserve. How are stock index futures traded? The Dow Jones Industrial Average DJIA, -0.80% fell 302.06 points, or 0.9%, to 33,695. The S&P 500 SPX, -1.22% fell 57 points, or 1.4%, … Read more

Dow opens higher as Walmart and Home Depot beat forecasts

Text size US housing starts in July fell more than expected and to the lowest level since the start of 2021. (Spencer Platt/Getty Images) Shares were mixed at the open on Tuesday after earnings from walmart and Home deposit beat Wall Street forecasts, but a decline in housing starts provided further evidence of a slowing … Read more

Stock market’s post-Fed rebound is a ‘trap’, Morgan Stanley’s Mike Wilson warns

““In the end, it will be a trap.”” — Mike Wilson, Chief US Equity Strategist and CIO, Morgan Stanley Morgan Stanley’s Mike Wilson, who correctly called the stock market slump in 2022, isn’t convinced the lows are being reached after major U.S. indexes posted a big gain following the Federal Reserve’s decision Wednesday to raise … Read more