Markets

Jason Ma Spencer Platt/Getty US stocks finished mixed as the Nasdaq snapped a three-day win streak amid weak tech earnings. But the Dow Jones Industrial Average extended its rally to a fourth consecutive session. Tech stocks will see more action this week as Meta reports late Wednesday and Apple is due to report after the… Continue reading US stocks close mixed as Nasdaq and S&P 500 snap 3-day win streaks on weak tech earnings

A disconnect between sales of new homes and mortgage demand is not sustainable, according to Pantheon Macroeconomics. Chief economist Ian Shepherdson said its likely reflects buyers rushing to lock in deals before mortgage rates climb higher.  Meanwhile, prices for new homes “have a long way to fall before the market reaches a sustainable equilibrium,” he… Continue reading The housing market has a big disconnect that can’t last, and prices for new homes have a long way to fall, analyst says

Investors could see the bear market end as soon as early next year, according to Morgan Stanley’s Mike Wilson. Despite the outlook for weaker spending around the holidays, stocks can continue to rise, he said.  “We think the market will hold up and that will be another positive catalyst,” Wilson told Bloomberg.  Loading Something is… Continue reading Investors should look for the bear market to be over in the first quarter of 2023, Morgan Stanley’s Mike Wilson says

Nasdaq stock futures fell 1.5% in premarket Wednesday after Alphabet missed on earnings and revenue. YouTube’s first-ever drop in ad revenue helped spark worries for 3Q Big Tech financial results this week. Meta and Amazon fell as the worries weighed on techs, while Microsoft slid post-earnings. Loading Something is loading. Thanks for signing up! Access… Continue reading Nasdaq falls after Alphabet’s earnings miss ignites worries about Big Tech’s digital ad sales

Matthew Fox A trader works at the New York Stock Exchange NYSE in New York, the United States, on March 9, 2022. Michael Nagle/Xinhua via Getty US stocks scored a three-day win streak Tuesday as investors prepare for earnings results from mega-cap tech.Alphabet and Microsoft are scheduled to release earnings after the close on Tuesday,… Continue reading US stocks surge as investors brace for earnings from mega-cap tech companies

Wall Street’s so-called fear gauge hit a one-month low Tuesday as stocks rose amid speculation the Fed will reduce the size of future rate hikes.  The Cboe Volatility Index fell by more than 4% to its lowest level since September 23.  Investors have latched onto signs the Fed may downshift rate hikes from the current… Continue reading Wall Street’s fear gauge drops to a 4-week low as expectations for less-aggressive Fed rate hikes fuel stock gains

Home prices could crash 20% as housing supply begins to rise, according to ING Economics.But a silver lining of such a steep decline in home prices is that inflation would fall quicker than expected.A swift fall in shelter CPI “could help to get inflation down to 2% far quicker than many in the market expect,”… Continue reading Inflation could fall back to the Fed’s 2% target quicker than the market expects as housing prices are primed for a 20% decline, chief economist says

Nations shouldn’t use emergency oil reserves to manipulate prices, Saudi Arabia’s energy chief warned. “Losing emergency stocks may be painful in the months to come,” Saudi’s energy minister said. The comments come as the US has released millions of barrels from strategic reserves in 2022. Loading Something is loading. Thanks for signing up! Access your… Continue reading Saudi Arabia’s energy chief slams nations for using emergency oil reserves to manipulate prices and warns of future pain from supply shortages