Equity markets rebounded sharply to start the week. The S&P 500, led by tech, gained nearly 1.5% at the sessionâs close. The NASDAQ Composite advanced more than 2%, with leaders in the big seven all making soling gains. NVDA advanced more than 6% to set a new high, while Apple made a nice comeback from its recent correction. The caveat is that the S&P 500 remains below critical resistance with risk in the air and could resume its downward run anytime.
The latest inflation data suggests the FOMC will not be able to cut rates as soon as the market expects, and data is due out this week. The CPI report is due on Thursday and is not likely to make a significant decline; the headline inflation may even accelerate. The takeaway is that interest rates will not likely come down from historical levels until at least mid-year without a recession, and there is a new risk of that. Equity markets largely ignored OPECâs move to cut prices, which signals weakened demand and may foreshadow a broad slowdown in economic activity. So, equity markets are looking at higher-for-longer or a recession, and neither is a good scenario.
Barronâs helped thousands beat the market by roughly 6.5% with their top stock picks for 2023. Could history repeat itself? If you are at the desk wondering which stocks deserve to get a taste of your investment dollars this year, hereâs why you should consider Chevron (NYSE: CVX) as one of BarronâŚ
Markets shift in every cycle, and timing shifts are nearly impossible. Most investors learned this the hard way in 2023. When the Federal Reserve (the Fed) took on its new path of hiking interest rates through the year, markets still rallied aggressively when historically rising rates âŚ
Shares of PDD Holdings (NASDAQ: PDD), a global, multinational commerce group formerly Pinduoduo Inc., have sharply risen over the previous six months, up over 100%. The stock has been on an impressive run since May last year, steadily climbing higher and maintaining its uptrend. During thatâŚ
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Wall Street closed its worst week since Halloween with a listless Friday after reports showed workers are getting bigger raises, but key parts of the economy still donât look like theyâre overheating. The S&P 500 rose 8.56 points, or 0.2%, to 4,697.24 after drifting between small gains and losseâŚ
Advanced driver assistance systems (ADAS) and autonomous driving technology provider Mobileye Global Inc. (NASDAQ: MBLY) shocked investors when it unexpectedly cut its fiscal 2024 guidance on Jan. 4, 2024. Shares collapsed 24% in reaction. The gloomy outlook stemmed from an inventory glut arising âŚ
Warning: A âBlack Swanâ event is poised to blindside millions of Americans. Millions of high-paying, white-collar jobs will be lost. Dozens of businesses will go bankrupt. You need to prepare your finances now. It doesnât matter if youâve got $500 or $5 million.
Pop-up ads, auto-play videos, tracking cookies and getting inundated with in-your-face promotions helped give rise to alternative web browsers like Opera Inc. (NASDAQ: OPRA) with built-in ad-blocking and private VPN technology in the computer and technology sectoâŚ
Asian shares advanced Tuesday after Wall Street rallied to claw back almost all the losses from its slow start to the year. U.S. futures fell while oil prices saw modest gains. Tokyoâs Nikkei 225 index gained 1.4%, to 33,858.63, as the market reopened from a holiday on Monday. Hong Kongâs Hang Seng âŚ
European markets opened lower on Tuesday after a mixed session in Asia, where Tokyoâs benchmark closed at a 33-year high. Germanyâs DAX fell 0.4% to 16,654.65 and the CAC 40 in Paris lost 0.2% to 7,433.01. Britainâs FTSE 100 edged 0.1% lower to 7,688.41. The futures for the S&P 500 and Dow JonesâŚ
Asian shares mostly declined Friday, after a mixed finish on Wall Street, although export-related Tokyo stocks got a boost from a strengthening dollar. Benchmarks rose in Tokyo but fell in Sydney, Seoul, Hong Kong and Shanghai. The yen has weakened amid speculation that the Bank of Japan might go slâŚ
A top executive of China Evergrandeâs electric vehicle company has been detained by police in the latest sign of trouble for the worldâs most heavily indebted property developer. China Evergrande New Energy Vehicle announced the detention of Liu Yongzhuo, its vice chairman and an executive director,âŚ
NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. It also sells a line of performance equipment and accessories comprising bags, sport balls, soâŚ
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