Investing

Stocks closed higher Monday as market participants took a glass-half-full stance ahead of this Wednesday’s key inflation report.  The Federal Reserve has repeatedly said it will remain data dependent in determining if more rate hikes are needed to bring inflation down to its 2% target. After raising interest rates in July, the central bank is… Continue reading Stock Market Today: Nasdaq Leads Broad Rally as Tesla Stock Soars

Kroger (KR) fell short of Wall Street’s second-quarter revenue expectations, citing a challenging environment for consumers as they face reduced federal benefits, inflation and higher interest rates. “The strength and diversity of Kroger’s business model is delivering consistent results in what remains a challenged environment,” Kroger CEO Rodney McMullen said in a statement. “By investing… Continue reading Kroger’s Q2 Sales Slide Amid Challenging Environment

It was a choppy end to a down week for stocks as investors looked ahead to next week’s critical inflation update.  Amid relatively bare economic and earnings calendars, today’s price action was driven by single-stock moves, with notable upside in a few mega-cap names helping the Nasdaq Composite avoid a fifth straight loss.    At… Continue reading Stock Market Today: Stocks Rise With Inflation Data on Deck

The end of August and transition into fall may not only signal a change in seasons, but it can also mark the beginning of change in the nation’s capital. Most people were probably at the beach soaking up the final days of summer sun when the Department of Health and Human Services (HHS) sent a… Continue reading HHS Calls For Cannabis Reclassification: This Week in Cannabis Investing

Stocks opened lower Thursday after an unwelcome update on the labor market. Two of the three main benchmarks stayed in negative territory through the close as mega-cap tech titan Apple (AAPL) extended its recent slump.  However, one name managed to muscle into positive territory, as chipmaker Intel (INTC) extended its longest win streak in years. … Continue reading Stock Market Today: Another Apple Stock Slump Drags on Nasdaq

There’s a certain appeal to being a contrarian investor. Zigging when others are zagging. Going against the herd. And when you’re proven right, it feels pretty darn good (and can pay off handsomely). One of the first adages contrarian investors learn comes from Warren Buffett. In his 1986 letter to Berkshire Hathaway shareholders, Buffett wrote… Continue reading (A Little) Greed Is Good When It Comes to Investing

Stocks closed lower again Wednesday as rising oil prices and good-news-is-bad-news economic data weighed on investor sentiment. Rate-sensitive tech and tech-adjacent stocks were some of the day’s biggest losers as Treasury yields rose.  The main benchmarks opened in negative territory and stayed there for the entire session. At the close, the Dow Jones Industrial Average… Continue reading Stock Market Today: Stocks Fall as Inflation Fears Ramp Up

Market participants returned from a long holiday weekend only to be greeted by downbeat economic data, rising Treasury yields and higher prices for crude oil. Economic data from overseas set the mood early in the session. China reported its slowest rate of growth in services activity in eight months, while a survey in Europe revealed… Continue reading Stock Market Today: Stocks Close Lower on Downbeat Economic Data