Stocks ended higher for the first time in three days, shaking off volatility from earlier this week. Still, the S&P 500 was on track to post a weekly loss and end a three-week winning streak, if levels hold through Friday’s close. Fresh commentary from Federal Reserve officials remained in focus on Thursday, as another set […]
(From Yahoo Finance)… Conversations detailed in the March 15-16 Fed meeting minutes released Wednesday suggested policymakers will soon begin to unwind the central bank’s $9 trillion balance sheet, including $4 trillion in asset purchases amassed to calm markets after the pandemic hit in early 2020. The minutes also indicated many participants in the Federal Open […]
US stocks faltered on Tuesday, dragged down by losses in tech, as investors weighed remarks by Federal Reserve Governor Lael Brainard that indicated policymakers were ready to act more aggressively to rein in inflation. Investors also monitored reports indicating the US and European Union are expected to unveil more sanctions against Russia on Wednesday. The […]
Stocks on global indexes rose on Monday, with the Nasdaq and growth names leading gains on Wall Street, while the US dollar strengthened on talk of more sanctions against Moscow following international outrage over Ukraine civilian killings. Adding to investor caution, the 2-year/10-year Treasury yield curve remained inverted, signaling to some market watchers that a […]
(From Yahoo)…Stocks rose while US crude oil prices fell for a back-to-back session amid signs of progress in Russia-Ukraine talks. Russia said it was easing military action in Ukraine’s capital Kyiv and northern city Chernihiv and was prepared to set a meeting between Russian President Vladimir Putin and Ukraine’s President Volodymyr Zelensky following a draft […]
Are we headed for a recession? There are a couple of indicators that have accurately signaled the last number of recessions. The bond market is a bit of a mess. Treasury bonds have been getting killed for the third day in a row, taking ten-year yields back above 2%. It is a bit unusual given […]
(From Yahoo finance)…Stocks erased earlier gains to close mostly lower, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Ukraine and soaring inflation. The Dow Jones Industrial Average erased earlier gains of as many as 451 points to end little changed by market close. […]
(From Yahoo finance)…Concerns over the impact that the punitive measures countries and companies have taken against Russia have weighed on US equity markets. The S&P 500 dropped another 0.7% on Tuesday to bring its year-to-date losses to 12.5%. The Dow shed more than 0.5% to sink further into a correction, while the Nasdaq Composite extended […]
Stocks extended declines on Monday and oil prices soared as investors nervously considered the potential for even higher inflation and greater global economic damage from Russia’s war in Ukraine and sanctions that have ensued. The S&P 500 closed down nearly 3% at 4,200.89, its worst day in more than a year, while the Dow fell […]
(From Yahoo finance)…The S&P 500 index fell 0.5% during the regular trading day as technology and growth stocks came under renewed pressure, and the Nasdaq Composite dropped nearly 1.6%. Treasury yields steadied after sliding earlier this week, and the benchmark 10-year yield hovered above 1.8%. A fresh set of economic data due for release Friday […]