The S&P 500 is on a four-week winning streak, and a positive close on Monday sent the broad US stock index up 17.2% from its low for the year on June 16. However, we cannot say for sure if this will hold true. After bottoming out in the bear market, sentiment on Wall Street has … Read more
text size US housing starts fell more-than-expected in July, to their lowest level since early 2021. (Spencer Platt/Getty Images) Stocks ended Tuesday mixed with little macro news after a relatively quiet trading day. income from Walmart and home depot beat Wall Street forecasts. That Dow Jones industry average rose 239 points, or 0.7%, to 34,151.8. … Read more
Senate Majority Leader Chuck Schumer (D-NY) speaks during a press conference on the Inflation Reduction Act outside the US Capitol August 4, 2022 in Washington, DC. Drew Angerer | Getty Images Business groups have lobbied strongly against the 15% minimum tax rate for large companies, just passed by Congress as part of the Anti-Inflation Act, … Read more
Here are Tuesday’s biggest views on Wall Street: Daiwa upgrades PayPal to outperform versus neutral. “We upgraded PYPL to Outperform as a number of positive catalysts come into play, including cost cutting and a share buyback in response to Elliott Investment Management’s increased involvement, the appointment of a new CFO and the decision to hold … Read more
Traders work on the floor of the New York Stock Exchange (NYSE), August 15, 2022. Brendan McDermid | Reuters Here is the key news investors need to start their trading day: 1. Soft morning for stocks US stock markets appeared set for a muted open Tuesday morning after all three major indices rose on Monday. … Read more
Traders work on the floor of the New York Stock Exchange (NYSE), August 15, 2022. Brendan McDermid | Reuters Here is the key news investors need to start their trading day: 1. Soft morning for stocks US stock markets appeared set for a muted open Tuesday morning after all three major indices rose on Monday. … Read more
Walmart Inc. shares climbed to a three-month high on Tuesday after the discount retail giant reported earnings and sales for the fiscal second quarter that beat recently lowered expectations and raised its full-year earnings outlook. Results come three weeks after Walmart WMT, +5.91% issued a second profit warning for fiscal 2023 in two months, with … Read more
Forex, money markets are closed today DH web desk, August 16, 2022 at 9:55 am updated: 08/16/2022, 09:55 am There is no trading on the forex and money markets as they remain closed on Tuesday due to the Parsi New Year. Check out DH’s latest videos Check out DH’s latest videos Get a recap of … Read more
Every weekday, the CNBC Investing Club hosts a “Morning Meeting” live stream with Jim Cramer at 10:20 am ET. Here’s a recap of Monday’s key moments: Oil slump is good news We want confirmation that inflation has peaked Quick mentions: JNJ, LLY, LIN Disney’s real problem is its balance sheet 1. Oil slump is good … Read more
The S&P 500 is down more than 17% from its June 16 low and internal market data is looking very strong. Over the weekend, Fidelity Investments’ Jurrien Timmer found that 88% of stocks in the S&P 500 are above their 50-day moving average. Perhaps more importantly, the S&P pared 50% of its losses from the … Read more