Inflation surge cools in July. Should stock-market investors still play defense?

The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. But the sharp upswing also prompted debate about whether investors should adjust their portfolios, pivoting away from defense plays. For the past month, growth stocks … Read more

Tesla, Ford attract new investments from Soros’s fund

Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ended in June, the filing … Read more

Financials Up Sharply on Hopes of Sustained Market Turnaround — Financials Roundup

Shares of banks and other financial institutions rose sharply amid hopes for a sustained turnaround in stock and bond markets. There were large in-flows of investor capital into bonds and financial stocks in the latest survey from analysts at brokerage Bank of America Securities, in a note to clients. A large impetus for stock gains … Read more

Goldman Sachs Group Inc. stock outperforms market on strong trading day

Shares of Goldman Sachs Group Inc. GS, +3.35% advanced 3.35% to $347.91 Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +2.13% rising 2.13% to 4,210.24 and the Dow Jones Industrial Average DJIA, +1.63% rising 1.63% to 33,309.51. This was the stock’s fourth … Read more

Dow Shoots Higher, Tesla Gains

Text size Traders working at the New York Stock Exchange (Photo courtesy of NYSE) The Dow Jones Industrial Average surged nearly 500 points as investors hope that inflation has peaked. In midday trading, the Dow has risen 494 points, or 1.5%. The S&P 500 was up 2% and the Nasdaq Composite has gained 2.7%. The … Read more

What Stocks Are Moving Wednesday? Coinbase, Roblox, Tesla, Trade Desk and More.

Text size Roblox stock falls in premarket trading Wednesday. Courtesy of Roblox Stock futures rose Wednesday ahead of US inflation data that could present traders with a clearer view on how the Federal Reserve will respond to rising inflation. S&P 500 futures and Dow Jones Industrial Average futures each were up 0.2%. Futures for the … Read more

Quilter AuMA Fell 12% in 1H on Adverse Market Movements

City of Jaime Llinares Taboada Quilter PLC on Wednesday reported that its assets under management and administration decreased by 12% in the six months ended June 30. The wealth management company reported AuMA of 98.7 billion pounds ($119.19 billion) at the end of the first half, down from GBP111.8 billion on Dec. 31 mainly due … Read more

Avaya’s Collapsing Debt Deal Hits Clients of Goldman, JPMorgan

A $600 million debt deal that Goldman Sachs Group spirit JPMorgan Chase & Co. recently arranged for Avaya Holdings went bad within weeks. The two banks sold new loans and bonds for Avaya, a cloud-communications company, in late June. Investors included Brigade Capital Management LP and Symphony Asset Management LLC, people familiar with the matter … Read more

Don’t be fooled by a drop in US headline inflation. Markets will be tuned to another figure on Wednesday.

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline US inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile … Read more

Don’t be fooled by a drop in US headline inflation. Markets will be tuned to another figure on Wednesday.

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline US inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile … Read more