These stocks rose as much as 12% after inflation calmed down

These stocks rose as much as 12% after inflation calmed down

Amid the euphoria that followed what appeared to be the first sign of slowing inflation, stocks saw a broad rebound on August 10, with dozens of big stocks gaining 5% or more. Those names included many of the tech names that investors loved during the early stages of the coronavirus pandemic, along with cruise lines, … Read more

These stocks rose as much as 12% after inflation calmed down

Amid the euphoria that followed what appeared to be the first sign of slowing inflation, stocks saw a broad rebound on August 10, with dozens of big stocks gaining 5% or more. Those names included many of the tech names that investors loved during the early stages of the coronavirus pandemic, along with cruise lines, … Read more

Stock market investors cheered the inflation data for July. Big-name companies like Pimco and BlackRock aren’t quite sure.

The Consumer Price Index report will be released on Wednesday July contained enough negative surprises to give equity investors hope that the worst of inflation might be behind them. However, there is still an undercurrent of anxiety at big-name companies like Pimco and BlackRock Inc. , the largest asset management company in the world. According … Read more

Nasdaq prepares to end bear market, Dow to exit correction after July CPI data

The Nasdaq Composite was on its way out of a brutal bear market on Wednesday, while the Dow Jones Industrial Average is set to end a market correction, as stocks rose in the wake of a cooler July inflation reading. Nasdaq Composite, + 2.62% It rose 2.5% near 12,810 at midday. According to Dow Jones … Read more

The markets were extrapolating from one version to another. These fund managers say:

Wow, that was such a shock: we Consumer price growth It slowed to 0% in July, the Labor Department said on Wednesday. Core price growth slowed to 0.3%, less than expected. Over the past 12 months, prices have risen by 8.5%, also falling short of expectations. The soft reading seems to justify the 13% rise … Read more

The markets were extrapolating from one version to another. These fund managers say:

Wow, that was such a shock: we Consumer price growth It slowed to 0% in July, the Labor Department said on Wednesday. Core price growth slowed to 0.3%, less than expected. Over the past 12 months, prices have risen by 8.5%, also falling short of expectations. The soft reading seems to justify the 13% rise … Read more

Why are gas prices dropping? National average is below $4 a gallon for the first time since March: GasBuddy

Filling a gas pump can be a painful pocket-sized experience, but the damage appears to be wearing off by the day, with the US national average price dropping below $4 a gallon on Tuesday for the first time since March, according to a tracking service. The average price fell to $3.99 on Tuesday, according to … Read more

Bed Bath & Beyond stock is poised for its longest winning streak in 15 years after a Baird analyst suggested it was time to sell

Shares of Bed Bath & Beyond Inc. fell. On Tuesday, putting it at risk of its first drop in two weeks, Baird analyst Justin Kleiber suggested investors should sell, saying the latest “meme stock craze” comes despite continued liquidity concerns. Baird’s Kleber turned bearish on the home goods retailer after its BBBY stock, -14.20% It’s … Read more

BlackRock warns investors not to buy defensive stocks and bonds as tech-led rally is at risk of fading out

After a stunning July rally, US stocks SPX, -0.42% They have been caught in a tight trading range for the past two weeks as investors struggle to make sense of some of the most confusing economic data in recent years. But while the S&P 500 index held above the key 4000 level thanks in large … Read more

BlackRock warns investors not to buy defensive stocks and bonds as tech-led rally is at risk of fading out

After a stunning July rally, US stocks SPX, -0.42% They have been caught in a tight trading range for the past two weeks as investors struggle to make sense of some of the most confusing economic data in recent years. But while the S&P 500 index held above the key 4000 level thanks in large … Read more