The annual rate of US consumer price inflation reached 9.1 percent last month. Yields increase when prices decline. Since last week, the two-year yield has exceeded that of the benchmark 10-year note. Inverted yield curve has preceded each recession over the past 50 years. US stocks: A carefully monitored indicator of recession risk on Treasury … Read more
US stocks are on course for worst first half of the year in more than half a century. Bonds, which investors rely on to offset stock market drops, have performed poorly. US bond market is down 10.8 percent year-to-date, putting it on pace for its worst performance. With US stocks on course for their worst … Read more
First weekly gain for global markets this month. Reduced rate-hike expectations help stocks break a losing streak. Nasdaq posted its highest weekly gain since March, rising 7.5%. FTSE All-World index of developed. Friday marked the first weekly gain for global financial markets this month, as investors reassessed how active central banks will need to be … Read more
The European Central Bank has scheduled an unscheduled monetary policy meeting for Wednesday, at a time when bond yields for many eurozone states are rising. “They will have an ad hoc meeting to discuss current market conditions,” a spokesperson for the central bank This is a breaking news story and it is being updated. Please … Read more
Jim Cramer indicated on Monday that investors can buy shares of software business Mitek Systems as a speculative bet. “Mitek’s genuinely cheap on an earnings basis, which is why it’s … one I’m willing to bless for speculation in what is otherwise an extremely hostile environment,” the “Mad Money” host said. Jim Cramer stated on … Read more
Futures on the Dow Jones Industrial Average increased by 67 points or 0.2 percent. Futures on the S&P 500 and Nasdaq 100 rose 0.3 percent and 0.5 percent, respectively. The S&P 500 fell 3.9 percent to its lowest level since March 2021, plunging more than 21% from its January high. On Monday night, US stock … Read more
The S&P 500 rose 39.25 points, or 1%, to 4,160.68, reversing a 1% drop in the morning. Stocks initially dipped on Wall Street as Target warned of reduced profit margins as it reduces prices to clear out inventory. The fragility of the economy has been on Wall Street’s mind this year, amid concerns about interest-rate … Read more
