Investing

Last Friday, as the September jobs report dealt a blow to the broader stock market, shares of sports betting site DraftKings (DKNG (opens in new tab), $13.49) jumped more than 3%. Why? Reports surfaced over a potential partnership with Walt Disney’s (DIS (opens in new tab)) ESPN. The speculation dates back to summer of 2021,… Continue reading What a DraftKings-ESPN Tie-Up Will Mean for Investors

U.S. stock indexes fell on Thursday, with the Dow and the S&P 500 near two-year lows, after a bigger-than-expected rise in consumer prices last month sparked fears of another big rate hike from the Federal Reserve when it meets in November. The headline consumer price index gained at an annual pace of 8.2% in September,… Continue reading U.S. Stocks Rocked By Hot Inflation Data, Fed Hike Fears

A key measure of consumer price inflation blew past economists’ estimates to hit a 40-year high in September, all but ensuring more aggressive interest rate hikes by the Federal Reserve. The consumer price index (CPI) rose 0.4% last month vs. expectations for a 0.2% increase, the Labor Department said Thursday. Year-over-year, CPI moderated to an… Continue reading Consumer Price Inflation Sizzles: What the Pros Are Saying

Wednesday’s choppy trading ended with a loss for stocks. Modest declines for the Nasdaq Composite (-0.1% at 10,417) and the S&P 500 Index (-0.3% at 3,577) had the two indexes extending their losing streaks to six days, while the Dow Jones Industrial Average shed 0.1% to 29,210. In focus today was September’s producer price index… Continue reading Stock Market Today: Stocks Finish Lower After Inflation Data, Fed Minutes

A reading of inflation at the wholesale level surprised to the upside Wednesday, stoking fears that tomorrow’s report on consumer prices will likewise show that inflation remains out of the Federal Reserve’s control.  The producer price index (PPI) rose 0.4% in September, well ahead of economists’ estimate for a gain of 0.2%. Year-over-year, PPI rose… Continue reading Wholesale Inflation Comes In Hot: What the Experts Are Saying

The S&P 500 and the Nasdaq bounced on Wednesday after a five-day selloff, but inflation and rate hike worries capped the gains after a higher-than-expected rise in September producer prices. The Labor Department’s producer prices index rose 8.5% in the 12 months through September, slightly higher than an estimated 8.4% rise. The reading was still… Continue reading U.S. Markets Rise After Lengthy Sell-off, Despite Fears of Rate Hikes

Most stocks closed lower for a fifth straight day Tuesday, as rising government bond yields turned up the heat once again.  The Nasdaq Composite (-1.1% at 10,426) and the S&P 500 Index (-0.7% at 3,588) finished in the red as the 10-year Treasury yield climbed 5.2 basis points to 3.937%. (A basis point = 0.01%.)… Continue reading Stock Market Today: Nasdaq, S&P 500 Fall Again as Treasury Yields Rise

Earnings season is once again upon us and it’s forecast to be brutal.  Increased labor costs, rising input prices, supply-chain disruptions, higher interest rates and a strong dollar are just some of the factors expected to weigh on corporate profit margins and, by extension, earnings per share.  With those challenges and more, it’s easy to… Continue reading Why Experts Think Q3 Earnings Could Be Awful