Before handing out cigars to celebrate the birth of a small bull market for the Nasdaq Composite, investors may want to take a look at history. Sure, the heavy tech scale ended on Wednesday Up 20.8% from its 2022 closing low of 10,646.10 It was set on June 16. A rise of 20% from a … Read more
Before handing out cigars to celebrate the birth of a small bull market for the Nasdaq Composite, investors may want to take a look at history. Sure, the heavy tech scale ended on Wednesday Up 20.8% from its 2022 closing low of 10,646.10 It was set on June 16. A rise of 20% from a … Read more
Oil prices have retreated from their peak earlier this year. But energy company earnings estimates continued to rise as demand increased and capital spending declined. Below is a screen of big-cap oil stocks as a starting point for investors. Take a look at the 10-year chart of front month continuous quotes for West Texas Intermediate … Read more
After the surprise drop in inflation on Wednesday, stocks rose and Nasdaq made Outside a bear marketSome may wonder if fusion is just around the corner. Stocks are rising as investors are also waking up to more good news about lower US gasoline prices (see below) and producer price inflation. But should investors really count … Read more
The Nasdaq Composite Index on Wednesday exited a brutal bear market, while the Dow Jones Industrial Average ended a correction in the market, as stocks rose in the wake of the cooler July inflation reading. Nasdaq Composite, + 2.89% It rose 360.88 points, or 2.9%, to close at 12854.80 on Wednesday. According to Dow Jones … Read more
Investors may want to keep their guard up as the stock market continues to climb. “The market has kind of gone back to sleep,” said Samir Samana, chief global market analyst at Wells Fargo Investments. In a phone interview Wednesday. “We think it’s too early.” Samana warned that inflation remains high even after the dip … Read more
font size After the latest inflation figures, bullish traders are hoping the Fed will not have to raise interest rates as aggressively as previously feared. Courtesy NYSE U.S. stock futures were mixed Wednesday evening after the July CPI showed inflation eased last month, sending the heavy Nasdaq Composite Index into bull market territory earlier in … Read more
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
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
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