It’s never boring these days. Recall that there are times when the S&P 500 goes 100 days or more without making a 1% intraday move. But big moves are the norm nowadays — and they aren’t bullish. Neither is the fact that many of the worst of the low-quality stocks that are still down 80%-90% … Read more
Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in the bag, the Fed can back off,” said Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute, in … Read more
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
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Some familiar stocks have reclaimed their place at the top of the market’s leaderboard. The technology and consumer discretionary segments of the S&P 500 have propelled the broader market’s rally from its 2022 low in mid-June. That marks a reversal from much of the year when investors took shelter in utilities, consumer staples and healthcare … Read more
The Nasdaq Composite flirted with leaving bear market territory earlier this week as the tech-heavy index continued a bounce off the June lows before suffering a setback — but even a renewed push back above the exit threshold wouldn’t convince some strategists the bear has been vanquished. According to Dow Jones Market Data, a finish … Read more
US stock indexes were lower Tuesday as investors monitored earnings reports and economic data ahead of inflation figures due later in the week. The S&P 500 slipped 0.4%, a day after the broad index finished with modest losses. The Dow Jones Industrial Average slipped 0.1% while the technology-heavy Nasdaq Composite fell 1.4%.
For some of us of a certain age, an event from four decades ago is often recalled more vividly than what happened four weeks or even four days ago. Such is the case with Aug. 17, 1982. It arguably marked the birth of the great bull market in stocks, which stretched into the next century. … Read more
1847 EDT [Dow Jones]–Canadian stocks edge higher, with the benchmark S&P/TSX Composite Index up 31.10 points, or 0.2%, to 19577.04 and the blue-chip S&P/TSX 60 Index up 2.71 points, or 0.2%, to 1184.05. Shares of Lightspeed Commerce fell 12% after the company reported a wider loss for its fiscal first quarter, while stronger-than-expected revenue was … Read more
US stocks wavered in Thursday afternoon trading as investors considered a fresh batch of corporate earnings reports and the number of Americans applying for unemployment benefits increased. The S&P 500 fell 0.1%, a day after jumping 1.6%. The technology-focused Nasdaq Composite rose 0.4% and the Dow Jones Industrial Average dipped 0.3%.