US stock indexes fell sharply Wednesday after major retailers reported that rising costs and sluggish sales were weighing on profits, putting Wall Street on course to extend the year’s volatility. The Dow Jones Industrial Average fell more than 800 points in early afternoon trading, down about 2.6%. The S&P 500 fell 3%, and the tech-focused … Read more
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
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 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
Wall Street’s in an unusually bullish mood Tuesday morning. Tim Holland, chief investment officer at Orion Advisor Solutions, argues the market has just notched two peaks. Last week, the Labor Department finally reported an ever-so-slight decline in inflation, as a measure of individual investor sentiment showed the greatest percent of individual investors that were bearish … Read more
text size Stocks have sold off in recent weeks amid investor worries over inflation and growth. Ed Jones/AFP via Getty Images The stock market was mostly lower Monday, as investors digested a rally to close out last week. Markets are awaiting economic data out Tuesday. Tea Dow Jones Industrial Average closed up 27 points, or … Read more
US stocks rose in afternoon trading Monday as investors tried to build momentum off Friday’s rally. The Dow Jones Industrial Average rose 0.5% in afternoon trading, while the broad stock market index 500 advanced less than 0.1%, and the technology-heavy Nasdaq Composite Index dropped 0.7%. Last week, the S&P 500 suffered its longest weekly losing … Read more
By Yusuf Khan The platinum group metals market is expected to tighten in 2022, as supply chain disruptions in Russia and South Africa create significant risks to supply. Prices for PGMs have fluctuated wildly during the first half of this year and the outlook remains highly uncertain amid fears of disruption within the global supply … Read more
The stock market’s selloff has been bad news for most investors. The Omaha-based company bought 901,768 shares of Occidental Petroleum Corp. OXY 8.21% last week, according to a regulatory filing. The move likely makes Occidental, in which Berkshire began buying shares in late February, one of its 10 biggest holdings. In the past few months, … Read more
