The major indexes suffered notable losses last week, with the technology sector bearing the brunt of the selling. However, bulls were given a reprieve Monday, with tech stocks soaring as bargain hunters looked past spiking Treasury yields to scoop up some of Wall Street’s favorite names at a discount. All three main benchmarks finished… Continue reading Stock Market Today: Tech Stocks Soar as Bargain Hunters Swoop In
Central Banks Near End of Rate-Hike Cycle: Kiplinger Economic Forecasts
To help you understand what is going on in the global economy and what we expect to happen in the future, our highly-experienced Kiplinger Letter team will keep you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You’ll get all the latest news first by subscribing,… Continue reading Central Banks Near End of Rate-Hike Cycle: Kiplinger Economic Forecasts
Stock Market Today: Stocks Close Mixed Ahead of Jackson Hole
More concerning headlines out of China pressured stocks early Friday, though the major indexes managed to climb off their session lows as Treasury yields retreated from recent highs. Next week brings a key Federal Reserve event – one that sent the markets into a tailspin last year. Amid quiet economic and earnings calendars here at… Continue reading Stock Market Today: Stocks Close Mixed Ahead of Jackson Hole
Walmart Shoppers Turn Out To Drive Up Quarterly Results
Shoppers flocked to Walmart in the second quarter, driving up sales across all channels including brick-and-mortar stores, Sam’s Clubs and online, said Doug McMillon, the retailer’s president and CEO. “We had another strong quarter. Around the world, our customers and members are prioritizing value and convenience,” he said in a statement announcing the company’s quarterly… Continue reading Walmart Shoppers Turn Out To Drive Up Quarterly Results
Stock Market Today: Tech Stocks Lag as Treasury Yields Spike
Stocks struggled for direction Thursday as investors digested some good-news-is-bad-news economic data and the latest batch of earnings reports. The bulk of the day’s price action was to the downside, though, with tech stocks seeing outsized losses as Treasury yields spiked to levels not seen since the Great Financial Crisis. On the economic front,… Continue reading Stock Market Today: Tech Stocks Lag as Treasury Yields Spike
5 Consumer Trends to Keep an Eye on for the Long Term
It’s an interesting time to be an investor. Artificial intelligence is making its mark on the world in continuously more profound ways. The Federal Reserve has increased interest rates from virtually zero to over 5% with a goal of tamping down inflation. As growth in the U.S. looked like it was slowing over the last… Continue reading 5 Consumer Trends to Keep an Eye on for the Long Term
Best Strong Buy Stocks for a Stock Picker’s Market
There’s plenty for investors to contend with right now including stock market volatility and uncertainty about the direction of interest rates. That’s why those seeking out attractive investment opportunities might want to home in on Strong Buy stocks, or those names that analysts believe can outperform the broader market in the near term. Current market… Continue reading Best Strong Buy Stocks for a Stock Picker’s Market
Stock Market Today: Stocks Close Lower After Fed Minutes
Stocks wavered between losses and gains Wednesday as investors sifted through the latest batch of retail earnings and looked ahead to the mid-afternoon release of the minutes from the Federal Reserve’s July meeting. On the earnings front, quarterly results from Target (TGT, +2.9%) led the headlines today. The discount retailer disclosed lower-than-anticipated second-quarter revenue… Continue reading Stock Market Today: Stocks Close Lower After Fed Minutes