Good MorningEquity markets rebounded on Thursday on hopes that labor data would be a Cinderella story. The data can not be too hot or cold or may raise fears of higher interest rates for longer or looming recession, depending on which way the wind blows. In either case, the outcome for the S&P 500 will be tepid earnings growth in 2024. The S&P 500 advanced 0.75% at the session's peak and remains within a tight range at critical resistance.
Next week will be a hot one for traders. The economic calendar is filled with potentially market-moving events running from the Retail Sales figure through inflation and an FOMC policy announcement. What makes next week different from others is that the PPI and CPI will come out ahead of the FOMC decision and could drastically alter the outcome. The data is expected to cool from the previous month; the question is by how much. Enough to put the committed on track to cut rates in early 2024 or enough to cause concern that inflation is falling too fast? Featured: This is the #1 Stock to Buy for the AI Tidal Wave (Chaikin Analytics) 
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Stocks | | | The acronym "CPI" for Consumer Price Index may seem familiar if you pay attention to the stock market. It's constantly mentioned in the headlines when referring to inflation. How is an acronym few people knew or cared about just a few years ago now a top news story and significant stock mar... Read the Full Story >> |
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Stocks | | | The COVID-19 pandemic has shown the world that e commerce stocks are here to stay, even as in-person shopping returns to pre-pandemic levels. The e-commerce market has taken a significant market share, with every major individual retailer now offering some form of online shopping experience... Read the Full Story >> |
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Stocks | | | The biotech sector and its popular ETF, the iShares Biotechnology ETF (NASDAQ: IBB), has lagged the overall market during the year. However, in recent weeks, the sector has enjoyed a significant rally and turnaround off its 52-week lows. The recent rally in the biotech sector comes when investor ... Read the Full Story >> |
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Stocks | | | Wall Street climbed back to its best level in 20 months on Friday following a stronger-than-expected report on the U.S. job market.The S&P 500 rose 0.4%, enough to clinch a sixth straight winning week for the index, which is its longest such streak in four years. Wall Street's main measure of he... Read the Full Story >> |
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Markets | | | Having cooled considerably after a strong first half of the year, shares of Advanced Micro Devices Inc (NASDAQ: AMD) are once again doing what they love best: rallying. The stock is up about 40% since the last week of October and has all but undone the recent slide that had taken the shi... Read the Full Story >> |
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Markets | | | U.S. employers added a healthy 199,000 jobs last month and the unemployment rate fell, fresh signs that the economy could achieve an elusive "soft landing," in which inflation would return to the Federal Reserve's 2% target without causing a steep recession Read the Full Story >> |
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Markets | | | The price action in Broadcom (NASDAQ: AVGO) shares peaked and corrected ahead of the Q4 release, opening up a buy-the-dip opportunity. The Q4 results were better than expected and came with robust guidance that confirms the uptrend in business and is leading the market higher. The post-release act... Read the Full Story >> |
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Markets | | | The solid hiring revealed in Friday's jobs report for November, along with a raft of other recent economic data, is boosting hopes that the U.S. economy will achieve a "soft landing" next year rather than a widely feared recession Read the Full Story >> |
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Markets | | | The Federal Trade Commission is investigating Chevron's acquisition of Hess oil company, the second inquiry the independent agency has opened this week of a major oil industry merger.Chevron and Hess said in separate filings that the FTC is seeking additional information and documentary materials re... Read the Full Story >> |
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Markets | | | Chinese leaders agreed at an annual planning meeting to step up spending to help rev up the world's second-largest economy, state media reported Friday, without giving details of any policy changes. The official Xinhua News Agency said leader Xi Jinping chaired the meeting aimed at boosting growth, ... Read the Full Story >> |
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