Trading These Markets, April Data, Fed Speak, AMD Moves

This date in history: 18 May 1910… Halley’s Comet passes close by, “brushing” Earth with its tail. Panic was widespread. Scientists warned that the atmosphere would be impregnated with cyanogen gas that would snuff out oxygen relieving life on the planet. Anti-comet pills, and anti-comet umbrellas became all the rage. Gas masks became best sellers… … Read more

The stock market is practically begging to be punished

Markets have plummeted over the past month as Federal Reserve telegraphed that it would regularly hike interest rates by half a percentage point for the foreseeable future to combat persistent inflation growth. The sell-off put the S&P 500 on the precipice of bear market territory: At one point last week, the market was down nearly … Read more

Recession Looms, But Markets Haven’t Got the Message

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

Asian markets mixed after Powell warns of further rate hikes

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

SEC’s Gensler warns Americans are diverting savings to ‘speculative crypto assets,’ says market needs investor protection

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

Most Australians have money in the financial markets but now might be a particularly risky time to invest

The vast majority of Australians have money invested in the financial markets, whether we regularly think about it or not. Working-age Australians with super, younger investors new to the market and trading on apps, or those who won’t ever own property — millions of Australians are actively engaged in investing. Indeed, of those who began … Read more

Home Depot’s strong quarter shows housing market is still booming

The home improvement retail giant reported better-than-expected gains in sales and earnings for the first quarter Tuesday and lifted its outlook for the rest of this fiscal year. Shares of Home Depot (HD)one of the 30 stocks in the Dow, initially rose more than 3% before the market opened on the news but was down … Read more

Asian markets gain as China COVID progress outweighs Wall Street losses

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

Stock Market Today: Dow Wavered, Oil Prices Slipped After Weak Chinese Data

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