US stock futures slipped Wednesday, as investors reconsidered hawkish comments from Federal Reserve Chairman Jerome Powell. S&P 500 futures ES00, -0.21% fell 0.4% to 4,065.75 Dow Jones Industrial Average futures YM00, -0.08% fell 104 points, or 0.3%, to 32,478 Nadsaq 100 futures fell 0.8%, to 12,461 On Tuesday, the Dow industrials DJIA, +1.34% jumped 431.17 … Read more
After 28 trading days away from the markets*, I’ve come back to find that a new narrative of impending recession is quickly taking hold. Yet, look at the markets themselves and the story isn’t much reflected in asset prices, which are still beholden to the Federal Reserve. This creates both risks and opportunities. Start with … Read more
BEIJING — Asian stock markets were mixed Wednesday after Wall Street rose and the Federal Reserve’s chairman said it will raise interest rates further if needed to cool inflation. The Nikkei 225 NIK, +0.52% in Tokyo gained 0.7% after the government reported economic output shrank 0.2% in the first three months of 2022. That was … Read more
Text size Morgan Stanley expects more losses to follow the recent gain in the S&P 500. Dreamstime The stock market has enjoyed a mini-rally in the past few days, but the latest gains look like an upsurge in the middle of a larger decline. The major indexes have shot higher since Thursday afternoon, when the … Read more
Securities and Exchange Commission Chairman Gary Gensler reiterated his intention to bring cryptocurrency exchanges and lending platforms into its regulatory purview during a speech before the North American Securities Administrators Association on Tuesday. “Over the past year, several bank executives have shared their personal concerns with me about the sheer number of depositors who have … Read more
Text size Morgan Stanley expects more losses to follow the recent gain in the S&P 500. Dreamstime The stock market has enjoyed a mini-rally in the past few days, but the latest gains look like an upsurge in the middle of a larger decline. The major indexes have shot higher since Thursday afternoon, when the … Read more
text size The decline of Shake Shack stock in 2022 ‘creates a more balanced risk/reward,’ says Raymond James. Scott Olson/Getty Images fast food company Shake Shack should see sales improvements in coming months, according to one Raymond James analyst. Brian Vaccaro upgraded his rating on the stock to Market Perform from Underperform after citing potential … Read more
Currency volatility is back. A JPMorgan Chase & Co. index measuring swings in currencies linked to the Group of Seven countries has jumped more than 70% this year. One measure of volatility in the euro has more than doubled since November, picking up mostly in March. Volatility gauges in foreign exchange jump when a currency … Read more
text size Fed Chair Jerome Powell is one of six officials from the central bank speaking Tuesday. Tim Williams/Getty Images Stocks rose as China moved to curb Covid-19 lockdowns that have threatened global disruption, with a wave of US economic data and Federal Reserve speakers in the day ahead as investors continue to focus on … Read more
Shares advanced in Asia on Tuesday after another wobbly day on Wall Street extended a losing streak for markets. Hong Kong’s Hang Seng HSI, +2.23% gained 2.2% while the Nikkei 225 NIK, +0.29% in Tokyo edged 0.4% higher. In Seoul, the Kospi 180721, +0.79% pink 0.8%. Australia’s S&P/ASX 200 XJO, +0.15% added 0.2% while the … Read more