Daily market review Stock futures inched higher in overnight trading after the major averages finished another losing week.Stock futures tied to the Dow Jones Industrial Average rose 18 points or 0.06%. S&P 500 futures inched 0.18% higher, and Nasdaq 100 futures added 0.43%.The moves come as markets finished one of the worst halves in decades on Thursday, and major averages posted their fourth week of losses in five despite modest gains during Friday’s trading session.Last week, despite modest Friday gains, the Dow dipped 1.3%, the S&P 500 dropped 2.2%, and the Nasdaq fell 4.1%. During Friday’s trading session, the Dow Jones Industrial Average added 321.83 points, or 1.1%, to 31,097.26, the S&P 500 gained 1.1% to 3,825.33 and the Nasdaq Composite edged 0.9% higher to 11,12

Market ahead review BREAKING NEWSlogologoShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailBONDSBond yields slip, key yield curve inversion narrows as investors consider the Fed’s next movePUBLISHED FRI, JUL 15 20222:27 AM EDTUPDATED 2 HOURS AGOthumbnailSamantha Subin@SAMANTHA_SUBINthumbnailKatrina Bishop@KATRINABISHOPWATCH LIVEA key Treasury yield curve inversion narrowed on Friday, after hitting its steepest level since 2000 the previous day.Yield-curve inversions, or when shorter-term government bonds have higher yields than longer-term ones, are often viewed by markets as signs that a recession is coming.The gap between the 2-year and 10-year yields shrunk Friday but remained inverted as stocks popped and traders weighed the possib

Market ahead The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility.But in the very near term, strategists see a window of positive momentum for an oversold market and say the end of the quarter could be a time for some quick gains. That period, leading up to the final trading day of the month, is when many portfolio managers shift their investments, or rebalance, to make up for the changes in the values of their stock and bond holdings.JPMorgan’s Marko Kolanovic, for one, sees a case in which stocks could surge 7% in the week ahead, based on rebalancing alone. With the S&P 500 down more than 13.7% for the second quarter and 17.9% for the year so far, investment mana

Stocks dropped Friday, building on their year-end sell-off, as fears grow over a recession taking place as the Federal Reserve continues raising rates. The Dow Jones Industrial Average lost 281.76 points, or 0.85%, to 32,920.46. The S&P 500 fell 1.11% to 3,852.36. Meanwhile, the tech-heavy Nasdaq Composite declined 0.97% to 10,705.41. The indexes notched a second consecutive week of losses. The S&P 500 fell 2.08% for the week, and putting its December losses at 5.58%, as hopes for a year-end rally fizzle. The Dow and Nasdaq slid 1.7% and 2.7%, respectively. Trading was especially volatile Friday with a large amount of options expiring. There were $2.6 trillion worth of index options expiring, the highest amount “relative to the size of the equity market in nearly two years,” accord

Market review week ahead A key Treasury yield curve inversion narrowed on Friday, after hitting its steepest level since 2000 the previous day.Yield-curve inversions, or when shorter-term government bonds have higher yields than longer-term ones, are often viewed by markets as signs that a recession is coming.The gap between the 2-year and 10-year yields shrunk Friday but remained inverted as stocks popped and traders weighed the possibility that the U.S. Federal Reserve will hike interest rates by 75 basis points at its next meeting, not 100 basis points.“Even though the stock market’s rallying, it’s not all a bed of roses today,” said Peter Boockvar, chief investment officer at Bleakley Advisory Group. “There are still obvious concerns here with growth as measured looking at 2-10 sp

Daily market update Industrials, consumer discretionary, growth tech and semiconductors were all industries hit amid fears of easing growth in the economy. Meanwhile, defensive stocks outperformed.“You’ve just got this volatility that nobody seems to be able to get their head around,” said Tim Lesko, a senior wealth advisor at Mariner Wealth Advisors.Lesko said more investors are starting to accept that a recession may be on the horizon after the Fed’s decision this week to hike rates by 75 basis points and FedEx CEO Raj Subramaniam saying on CNBC last week that he believed one was imminent. Once that happens, Lesko said investors will react differently.“At some point, they’ll figure out that recession doesn’t mean the end of the world, and they’ll start getting constructive on stocks

Book review on "the Common sense of investing ". At 10 anniversary edition, this book is one of the best selling. see the detailed comments from amazon below.The best-selling investing "bible" offers new information, new insights, and new perspectivesThe Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was publishe

Daily market update  Stock futures are rising slightly Wednesday as investors look ahead to inflation data and earnings in the coming days that may provide insight into the future health of the economy. Futures for the Dow Jones Industrial Average were up 48 points, or 0.16%. Nasdaq 100 futures added 0.15%, while futures tied to the S&P 500 increased 0.18%. The action follows a day of small ups and downs for the market as investors digested minutes from the September Federal Reserve meeting. The minutes showed the central bank expected to keep hiking interest rates until it sees receding inflation. But one comment made some think the Fed might instead slow the rate hikes, if not roll them back, if financial markets tumult continued. The S&P 500 fell 0.33% to close at 3,577.03.

Daily market update U.S. stock futures were flat Thursday as investors await a key jobs report for August due Friday that will give more information about the state of the economy.Dow Jones Industrial Average futures fell 9 points, or 0.03%. S&P 500 and Nasdaq 100 futures shed 0.02% and 0.01%, respectively. Shares of retailer Lululemon jumped nearly 10% in late trading after reporting quarterly results that beat Wall Street’s expectations.Earlier Thursday, the Dow and the S&P 500 ended the day higher, snapping four days of losses to kick off the first trading day of September. The Nasdaq Composite slipped, posting its first five-day losing streak since February, weighed down by falling semiconductor stocks.All three major averages are set to end the week lower after slumping i

Daily market update Moya. “It doesn’t seem like any economic data release or Fed speak will convince markets that a downshift from this aggressive tightening campaign will be happening anytime soon.”Looking ahead, traders are anticipating the release of personal consumption expenditures data, the Fed’s preferred inflation gauge, on Friday. Durable goods and consumer sentiment numbers will also come out this week.A slew of Fed speakers — including Fed Vice Chair Lael Brainard, St. Louis Fed President James Bullard, San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman — and Chair Powell are also scheduled to speak at various events this week.

Daily market update Stock futures inched lower in overnight trading Wednesday after the Dow Jones Industrial Average staged a comeback off its lowest level for the year.Futures tied to the Dow Jones slipped 49 points, or 0.16%, while S&P 500 and Nasdaq 100 futures shed 0.19% and 0.26%, respectively.The overnight moves came following a broad rally for stocks as the Bank of England said it would purchase bonds in an effort to help steady its financial markets and the cratering British pound. Sterling has stooped to record lows against the U.S. dollar in recent days.It marked a stark shift from the aggressive tightening campaign many global central banks have undertaken to cope with surging inflation.During regular trading on Wednesday, the Dow gained 548.75 points, or 1.88%, to 29,6

Market week ahead  5.3%. Earnings reports limited gains for the market. Dow components American Express and Verizon fell about 1.6% and 4.5%, respectively, after their quarterly reports. In tech, social media company Snap fell 28% after reporting a quarterly revenue of $1.13 billion, below expectations. Treasury yields fell from their highs on Friday morning after a report from the Wall Street Journal that some Fed officials are concerned about overtightening with large rate hikes. That report appeared to boost equities as well. The central bank’s aggressive rate hikes have been a major factor in stocks falling into a bear market this year, and traders have continued raising their estimates of where the Fed will stop. “We really need a Fed pause. Not so much that they would just outri

The week ahead may all come down to what Federal Reserve Chair Jerome Powell has to say at 2:30 p.m. ET Wednesday.Powell briefs the press following the central bank’s two-day meeting. The Fed is widely expected to raise its fed funds target rate range by a half percentage point, but hot May inflation data has made markets nervous about whether policymakers could be even more aggressive or forecast a faster pace of future rate hikes.Possible that it will be trading in range before major changes after the speech

Daily market update  Stock futures rose slightly in overnight trading Sunday after Wall Street wrapped up another negative quarter and both the S&P 500 and Dow Jones Industrial Average finished their worst month since March 2020. Futures tied to the Dow Jones Industrial Average gained 100 points, or 0.35%, while S&P 500 added 0.22%. Nasdaq 100 futures traded flat. Friday capped off a negative month and quarter for all the major averages, with the Dow falling 500.10 points, or 1.71%, to close below 29,000 for the first time since November 2020. For the quarter, the Dow fell 6.66% to notch a three-quarter losing streak for the first time since the third quarter of 2015. Both the S&P and Nasdaq Composite fell 5.28% and 4.11%, respectively, to finish their third consecutive ne

Daily market update The Dow Jones Industrial Average rallied more than 800 points on Friday, rebounding off the lows of the bear market last week and capping its first weekly advance since May.The Dow rose 823.32 points, or 2.68%, to 31,500.68, with gains accelerating in the final hour of trading. The S&P 500 was 3.06% higher to 3,911.74. The Nasdaq Composite advanced 3.34% to 11,607.62.The major averages wrapped up a big comeback week for stocks. The S&P 500 is up nearly 6.5% for the week, while the Nasdaq Composite gained 7.5%. The Dow is 5.4% higher.Those moves followed the worst weekly decline for the S&P 500 since 2020. Last week, the broader market index closed down 5.8% for the week.All three major averages snapped three-week losing streaks, as market participa

Daily market update Stock futures ticked up on Tuesday evening after a relief rally failed during regular trading hours and the S&P 500 hit a new intraday low for the year.Futures tied to the Dow Jones Industrial Average added 50 points, or about 0.2%. S&P 500 futures gained nearly 0.2%, and Nasdaq 100 futures rose about 0.3%.During Tuesday’s session, stocks gave up a large early gain and the S&P 500 fell below its intraday low from June, which was the previous market bottom. The Dow and S&P 500 closed lower for the sixth straight day, while the Nasdaq Composite ground higher by 0.25%. All three major averages are now in bear market territory.Several technical metrics show that the stock market may be oversold, but some on Wall Street are worried that investors have no

Daily market update  U.S. stock futures fell slightly on Tuesday night after the S&P 500 posted its best two-day gain in roughly two years. Dow Jones Industrial Average futures declined by 65 points, or 0.21%. S&P 500 and Nasdaq 100 futures dipped 0.19% and 0.17%, respectively. During the regular session Tuesday, the Dow jumped about 825 points, or 2.8%. The S&P 500 gained nearly 3.1%, while the Nasdaq Composite advanced 3.3%. The two straight days of gains came on the back of a pullback in bond yields, with the 10-year Treasury yield falling below 3.6% at one point after topping 4% briefly last week. Meanwhile, a weakening in the most recent job openings data had some investors considering whether the Federal Reserve will slow the pace of interest rate hikes. Market parti

Daily market update S&P 500 futures were lower Wednesday night after the major indexes slipped into the red at the end of regular trading and investors weighed the likelihood of a recession after Federal Reserve chair Jerome Powell acknowledged it’s a possibility.Futures tied to the broad market index fell 0.1%, while the Dow Jones Industrial Average futures lost 0.08%. Nasdaq 100 futures fell 0.3%.In regular trading, the Dow retreated 47.12 points, or 0.15%, in the final hour of the session, after rallying to start the day. The S&P 500 fell 0.13% and the Nasdaq Composite lost 0.15%.The moves came after Federal Reserve chair Jerome Powell told Congress the central bank is “strongly committed” to bringing down inflation. He also noted that a recession is a “possibility,” a

Daily updatesStocks rose for a second straight session on Tuesday even after Target issued a warning about its current quarter’s profits, which put pressure on the broader retail sector.The Dow Jones Industrial Average gained 264.36 points, or 0.8%, to close at 33,180.14. The S&P 500 rose 0.95% to 4,160.68, and the Nasdaq Composite added 0.94% to 12,175.23. The indexes opened solidly lower but trimmed those losses and turned positive as the day progressed.Signs of bullish trend till friday CPI data release.

Stock futures rose slightly in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation.Futures on the Dow Jones Industrial Average gained 70 points. S&P 500 futures edged up 0.3% and Nasdaq 100 futures rose 0.4%.The S&P 500 suffered a five-day losing streak on Tuesday, dipping deeper into bear market territory. The equity benchmark has fallen more than 4% this week already and is now off over 22% from its all-time time hit in early January. The blue-chip Dow slid about 150 points Tuesday, also falling for a fifth straight day Tuesday. The Nasdaq Composite ended Tuesday slightly higher.All eyes will be on fed speech today