Good MorningThe selloff in equities resumed on Thursday as traders brace for what could be an historic PCE price index. Although the index is expected to decelerate on a YOY basis it is expected to remain high and at a level that confirms the latest twist in the FOMC outlook. The twist is that the FOMC slowed the rate hike pace but upped its expectations for both inflation and peak interest rates.
Thursday’s candle is a warning to the market. Investors hoping for a Santa Claus Rally should be cautious. The market may rise next week simply because of a lack of volume and the "underlying bid". In this scenario, any upswing in prices will likely be met by selling that drives the index down to a new low Featured: How Early Investors Spot the Next Big Breakout Stocks (Ad) 
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It’s not the warmest or most cuddly holiday-season image, but steel stocks, including Nucor Corporation (NYSE: NUE) and Steel Dynamics Inc. (NASDAQ: STLD), are bringing some cheer to investors.
As a group, steelmakers have been rising quickly, led by those two S&P 500 components, along ... Read the Full Story |
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Stocks | | | Stocks are edging higher on Wall Street in afternoon trading Friday and headed for weekly losses following a batch of mixed news on the economy.
The S&P 500 shook off an early loss and inched up 0.4% as of 3:27 p.m. Eastern. The Dow Jones Industrial Average was up 114 points, or 0... Read the Full Story |
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Stocks | | | Stocks closed higher on Wall Street following a batch of mixed news on the economy. The S&P 500 rose 0.6% Friday. The benchmark index still wound up with its third weekly loss in a row. A key measure of inflation continued to slow, but it’s still far higher than anyone wants to see. Also, growth... Read the Full Story |
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Markets | | |
Well, it was fun while it lasted. Traders had some holiday fun with Palantir Technologies Inc. (NYSE: PLTR) stock a few days before the Christmas holiday. On December 21, PLTR shares went up 5% on the news that Palantir was awarded a multi-million deal with the United Kingdom's Ministry of De... Read the Full Story |
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Markets | | | Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Europe, some Asian cities and the U.S. closed.
Tokyo's Nikkei 225 index gained 0.7% to 26,405.87 and the Kospi in Seoul added 0.2% to 2,317.14. The Shanghai Composite index rose 0.7% to 3,065.56 and the... Read the Full Story |
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Stocks | | |
You may think of equipment makers Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE) as literally moving slowly, but these heavy equipment stocks outran the S&P 500 throughout 2022 and pulled into a sprint to end the year.
Despite its name, Caterpillar hasn’t exactly been c... Read the Full Story |
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Markets | | | Tunisia’s increasingly authoritarian president appears determined to upend the country’s political system. The strategy is not only threatening a democracy once seen as a model for the Arab world, experts say it is also sending the economy toward a tailspin.
The International Monetary... Read the Full Story |
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Markets | | | As Belkis Fajardo, 69, walks through the dense streets of downtown Havana with a small bag of lettuce and onions in hand, she wonders how she’ll feed her family over the holidays.
Scarcity and economic turmoil are nothing new to Cuba, but Fajardo is among many Cubans to note that this... Read the Full Story |
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Markets | | |
Cintas Corporation (NYSE: CTAS) has something every business in the S&P 500 wishes it had right now; the operating leverage to improve margins despite the ongoing impact of inflation. The company just reported double-digit increases at all levels of operations, driven by a story that has been ... Read the Full Story |
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Markets | | |
The PCE price index cooled on a month-to-month and YOY basis, precisely what the market wanted to see. The bad news is that the index cooled less than expected at the core level YOY and remains hot at 4.7%. At this level, inflation has peaked but is still trending in a range that is more than doub... Read the Full Story |
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Monday's Early Bird Stock Of The Day Essex Property Trust, Inc., an S&P 500 company, is a fully integrated real estate investment trust (REIT) that acquires, develops, redevelops, and manages multifamily residential properties in selected West Coast markets. Essex currently has ownership interests in 252 apartment communities comprising approximately 62,000 apartment homes with an additional property in active development. | | View Today's Stock Pick |
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