Stocks closed higher Tuesday, boosted by a host of encouraging third-quarter earnings reports. The blue-chip Dow Jones Industrial Average rose 1.1% to finish at 31,836, while the broader S&P 500 added 1.6% to end at 3,859. The tech-heavy Nasdaq Composite vaulted 2.3% to close at 11,199 in anticipation of after-close earnings (opens in new tab)… Continue reading Stock Market Today: Markets Rise Smartly on Earnings Optimism
Coca-Cola (KO) Exceeds Earnings Estimates, but Here Are the 5 Best Consumer Staples Stocks to Buy Now
Coca-Cola (KO (opens in new tab)) earnings topped Wall Street’s third-quarter earnings estimates Tuesday, joining a parade of other consumer staples (opens in new tab) companies whose operations are holding up well despite a sluggish economy and inflationary pressures. Rival PepsiCo (PEP (opens in new tab)) likewise beat analysts’ projections earlier this earnings season and,… Continue reading Coca-Cola (KO) Exceeds Earnings Estimates, but Here Are the 5 Best Consumer Staples Stocks to Buy Now
Nasdaq falls after Alphabet’s earnings miss ignites worries about Big Tech’s digital ad sales
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
US stocks surge as investors brace for earnings from mega-cap tech companies
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 fear gauge drops to a 4-week low as expectations for less-aggressive Fed rate hikes fuel stock gains
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
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
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
Saudi Arabia’s energy chief slams nations for using emergency oil reserves to manipulate prices and warns of future pain from supply shortages
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
The markets killed your early retirement dream, but there is a way to Freedom 65
In these turbulent times, staying the course can help get you back on track to retirement Those hoping to claim their freedom from work sooner rather than later should be focusing on eliminating debt before they retire. Photo by Getty Images In an ongoing series, the Financial Post explores personal finance questions tied to life’s… Continue reading The markets killed your early retirement dream, but there is a way to Freedom 65
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