News
Stocks fall after new Fed Chair Warsh's first policy meeting as traders worry about a rate hike
1+ hour, 2+ min ago (824+ words) While the Fed left rates unchanged (as expected) a hawkish dot plot has traders bracing themselves for a rate hike this year. The Federal Reserve voted to keep rates unchanged at a range of 3. 5% to 3. 75%, as was universally expected. However,…...
Federal Reserve removes easing bias, policymakers see a hike as more likely than a cut this year
2+ hour, 35+ min ago (1187+ words) The knee-jerk move for stocks was to the downside. In an incredibly brief statement, the Federal Reserve voted to keep rates unchanged at a range of 3. 5% to 3. 75%, as was universally expected. The release eliminated any hints as to the future…...
Stocks climb, oil drops as Trump calls off strikes on Iran
5+ day, 20+ hour ago (801+ words) Stocks broadly gained, with every sector rising except for energy. All sectors posted gains today except for energy. Materials and industrials were the best-performers, followed by tech. Wholesale inflation was hotter-than-expected as the producer price index rose by 1. 1% in May,…...
Stocks rise despite escalating tensions in Iran, as US Central Command says latest strikes are "completed"
6+ day, 5+ hour ago (677+ words) Tensions in the middle east are reaching levels not seen since April. Markets don't seem that bothered yet. Stocks are rebounding and oil prices are ticking down despite the conflict in Iran reaching its testiest point in months. After the…...
Bond yields and inflation are back in the driving seat for stocks, ahead of PPI release
6+ day, 6+ hour ago (1004+ words) Oh, and we're going 150 miles per hour, btw. Bonds are boring (sorry), and I think we'd all like to discuss inflation less. Unfortunately, both are relevant for stocks again because the relationship between what the US government's debt is doing…...
Core inflation comes in cooler than expected
1+ week, 1+ hour ago (688+ words) Inflation ticked up in May, but the key core inflation metric came in cooler than economists had expected, according to the most recent reading by the Bureau of Labor Statistics, released on Wednesday. Consumer prices rose 0. 5% month over month, with…...
Stocks climb higher as traders buy the dip in chip stocks
1+ week, 1+ day ago (1111+ words) While market breadth was weak, gains in semiconductors helped propel the S&P 500 and Nasdaq 100 higher. The S&P 500, Nasdaq 100, and Russell 2000 all climbed higher. The i Shares Semiconductor ETF surged to one of its best days of the year…...
S&P 500 posts weekly gains for its 8th consecutive week
3+ week, 4+ day ago (920+ words) The benchmark index is on its longest weekly winning streak since 2023. The S&P 500, Nasdaq 100, and Russell 2000 all gained. This is the eighth-consecutive winning week for the S&P 500, its longest run of weekly gains since 2023. Pakistan's Army Chief has…...
Stocks climb as bond yields and oil prices fall
3+ week, 6+ day ago (848+ words) All eyes are on tonight's Q1 2027 earnings from the world's largest company. Stocks climbed broadly as a pullback in Treasury yields lifted sentiment. All of the Magnificent 7 names rose except for Alphabet, which finished flat. Nvidia climbed ahead of its Q1 earnings…...
How surging bond yields threaten to derail the momentum trade in stocks
4+ week, 2+ day ago (1236+ words) Sharp changes in yields mean the world might be changing. Momentum stocks like it when the world stays the same. It was a bit of a miracle the S&P 500 managed to deliver a weekly gain last week given the…...