State of the Union: 5 key challenges for Biden as he delivers his speech
President Joe Biden will face no small task on Tuesday night, when he delivers his State of the Union speech after a little more than two years in office.Biden looks poised to tackle the debt-limit standoff, recession worries and acts of violence at home and abroad in his remarks. At the same time, American presidents […]
This trader nailed two big market calls in 2022. She says investors are ‘being paid to wait’ so should steer clear of stocks for 2023.
Ahead of major tech earnings, Meta results are ready to light up the Nasdaq Composite COMP for Thursday. The S&P 500 SPX is also pointing to gains as investors take a glass-half full view of the Fed meeting. Worried that investors are in the clutches of another Fed misread is the founder of LaDucTrading.com, Samantha LaDuc. “The […]
The Fed and the stock market are set for a showdown this week. What’s at stake.
Let’s get ready to rumble.The Federal Reserve and investors appear to be locked in what one veteran market watcher has described as an epic game of “chicken.” What Fed Chair Jerome Powell says Wednesday could determine the winner. Here’s the conflict. Fed policy makers have steadily insisted that the fed-funds rate, now at 4.25% to […]
Apple, Amazon, Facebook and Google face earnings test amid Big Tech layoffs
In the biggest week of the holiday-earnings season, Big Tech results will receive the spotlight amid thousands of layoffs that could only be the beginning.After tech stocks were decimated in 2022, investors will be looking for signs of a turnaround in holiday reports and potential forecasts for the year ahead from three of 2022’s top […]
S&P downgrades Bed Bath & Beyond, says beleaguered retailer has ‘insufficient funds’ to repay its financial obligations
S&P Global Ratings downgraded Bed Bath & Beyond Inc.’s credit Friday, a day after the beleaguered retailer said it was in default on loans that have been called in. The default filing sent Bed Bath & Beyond’s BBBY, +1.19% stock plunging, although it rallied to end Friday’s session up 1.2%, outpacing the S&P 500 Index’s […]
S&P 500 nears first ‘golden cross’ in 2.5 years, but this doesn’t guarantee more gains ahead
The S&P 500 is on the verge of achieving its first “golden cross” in two-and-a-half years, but that doesn’t mean stocks are destined for more gains over the coming year. The golden-cross indicator is used by technical analysts as a sign that a particular upward trend in markets or currencies is gaining momentum. Barring a […]
Fed rate cuts always lead to stock-market gains — but this one thing must happen too, veteran Wall Street strategist says
It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX has gained 5% this year, and the tech-heavy Nasdaq Composite COMP is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned Thursday to […]
Dow falls 400 points after corporate earnings disappoint
U.S. stocks traded lower Wednesday, led by the Nasdaq Composite, after disappointing corporate earnings results added to fears of a possible recession.How are stocks trading On Tuesday, the Dow Jones Industrial Average rose 104 points, or 0.31%, to 33733, the S&P 500 declined 3 points, or 0.07%, to 4016.95, and the Nasdaq Composite dropped 30 […]
How a money drain in 2023 could upset the banks again and cause another market meltdown, investor warns
Wall Street is pointing to a weak open ahead of Tuesday’s earnings from Microsoft and other big names. That’s a day after soft-economic landing hopes fueled fresh 2023 highs for the S&P 500 SPX and Nasdaq Composite COMP. Diving straight in, our call of the day taps into a potential market worry that may be […]
Don’t let the ‘bear market house of mirrors’ fool you, Morgan Stanley’s Mike Wilson warns of the stock market
Stock futures are treading water ahead of an important week for earnings, with the spotlight on updates from the tech space, which has been laying off thousands of workers.Among those not expecting good news in the earnings pipeline is Morgan Stanley’s chief U.S. equity strategist Mike Wilson, who in our call of the day says […]