Good MorningEquity markets held their ground on Wednesday following the surprise sell-off on Tuesday. The caveat is that Fed chief Jerome Powell's comments will have a rippling impact on the economy, so the sell-off is far from over. The odds of another 50 basis point interest rate hike have gone above 75% and may go higher should the upcoming inflation data be strong. The next round of CPI data is due next week and may confirm the acceleration of consumer-level inflation.
The next move for the S&P 500 will be a critical one. Now that the downward bias is increasing, the index's next stop is likely to be lower, and it could be much lower. Many Wall Street strategists have come out since Mr. Powell's comments and lowered their targets for the S&P 500. The number that rings loudest is 3,200, which puts the index at a new low. Featured: Volatility Is Rising—But These 2 AI Stocks Could Thrive (Ad) 
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Tech | | | After sweeping through battles in statehouses across the country, the war against ESG investing is heating up in Congress.
The Senate voted Wednesday to overturn a Labor Department rule allowing retirement plans to consider environmental, social and governance factors when making inve... Read the Full Story |
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Stocks | | | Stocks are rising Monday, clawing back some of their losses from Wall Street’s worst week since early December.
The S&P 500 was 0.6% higher in afternoon trading and on pace for just its second gain in the last seven days. The Dow Jones Industrial Average was up 146 points, or 0.5%... Read the Full Story |
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You are not alone in wondering who and what Vinco Ventures, Inc (NASDAQ: BBIG) is. This company is a small penny-stock brand, and the latest financial report was not awesome, although there is a significant opportunity in this stock. Regarding the results, the company reported an increase in asset... Read the Full Story |
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Stocks | | | Stocks steadied themselves Monday following Wall Street's worst week since early December.
The S&P 500 rose 12.20 points, or 0.3% to 3,982.24 for just its second gain in the last seven days. The Dow Jones Industrial Average gained 72.17, or 0.2%, to 32,889.09, while the Nasdaq com... Read the Full Story |
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Zymeworks Inc. (NASDAQ: ZYME) stock is up almost 5% after beating analysts’ expectations for revenue and earnings in its March 7, 2023 earnings report. The clinical-stage biopharmaceutical company is working on discovering, developing and commercializing multifunctional biotherapeutics. &nbs... Read the Full Story |
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Korn Ferry (NYSE: KFY) delivered its earnings report for the third quarter of its 2023 fiscal year on March 8, 2023. The company scored a double beat, and investors responded by pushing KFY stock up nearly 6%. But one item in the company’s earnings report may be predicting more turbulent tim... Read the Full Story |
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Stocks | | | Stocks are opening higher, clawing back some of the losses from their worst week since early December. The S&P 500 rose 0.8% early Monday and is on pace for just its second gain in the last seven days. The Dow and the Nasdaq also rose. Stocks have struggled in February after a strong start to th... Read the Full Story |
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Markets | | | Wall Street pointed toward gains before the opening bell Monday after last week's rout and ahead of another full slate of corporate earnings this week.
Futures for the benchmark S&P 500 rose 0.5% and futures for the Dow Jones industrials moved 0.4% higher.
Last week... Read the Full Story |
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Cricut (NASDAQ: CRCT) is a story linked to the pandemic. Its IPO came a year after the pandemic began, and the first year of growth was driven by social distancing, stay-at-home-activity, and pandemic spending. We're talking about a craft and crafting company, so demand was spectacularly high. Onc... Read the Full Story |
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Both TikTok and META platforms (NASDAQ: META) are social networking platforms that let users make and post brief videos with their followers. Despite some of their commonalities, fierce competition to gain the most eyeballs has mutated into a battle that even the U.S. government had to enter.User ... Read the Full Story |
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Thursday's Early Bird Stock Of The Day Community Health Systems, Inc. owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services. The company also provides outpatient services at primary care practices, urgent care centers, free-standing emergency departments, ambulatory surgery centers, imaging and diagnostic centers, and direct-to-consumer virtual health visits. The company was incorporated in 1996 and is headquartered in Franklin, Tennessee. | | View Today's Stock Pick |
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