Text size As they begin July, traders are still stuck in a bear market. NYSE After a bruising first half for investors, the start of July isn’t promising any big breaks. US stock futures were down in after-hours trading after the major indexes closed lower on Thursday, capping the S&P 500’s worst first half in … Read more
The S&P 500 index remains locked in a bear market, as the pattern of lower highs and lower lows continues (blue lines on the accompanying SPX chart). In fact, there is an even steeper downtrend line that can be drawn from the early April highs. The S&P SPX, -1.60% attempted another oversold rally over the … Read more
New week, same bounce. Stock futures point to fresh gains as investors grow optimism that a bond rout is ending, and the Fed’s rate-hike plans will get pruned due to a global slowdown. Of course, that optimism comes as discontent grows around the world from high commodity prices that have driven up food prices, cramped … Read more
The Federal Reserve’s battle to get inflation down from a 40-year high likely means it will raise interest rates until the US economy slows, strategists at the BlackRock Investment Institute warned on Tuesday. “The Fed seems dead set on raising rates this year to levels that, in our view, would clearly slow the economy,” Jean … Read more
Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt/Getty Images The stock market was bouncing back Tuesday after getting crushed last week ahead as no news was proving to be good news. Dow Jones Industrial Average futures have risen 413 points, or 1.4%, while S&P 500 futures have gained … Read more
International stocks broadly rose in the absence of fresh news about inflation and interest rates, while US markets were closed for the Juneteenth public holiday. Stocks and bonds have been pummeled globally this year. Driving the selloff are the push by the Federal Reserve and other central banks to quell inflation, and concerns that higher … Read more
