Tech stocks, including Nvidia, bounced back, lifting the Nasdaq and S&P 500, while the Dow Jones lagged. Boeing and retail stocks like Home Depot and Walmart declined, but Carnival jumped after beating Q3 estimates. Consumer confidence slipped in June, with concerns about future inflation and the upcoming release of the PCE Price Index. For more information, visit Bloomberg and the SEC.
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US Stocks Mixed After Inflation Scare and Nvidia Earnings Boom
US stocks ended the week mixed after an inflation scare and Nvidia’s strong earnings report. The Dow dropped 2.4%, the S&P 500 traded flat, and the Nasdaq 100 rose 1.4%. Investors are closely watching next week’s PCE data to gauge the direction of inflation, while Nvidia’s earnings drove tech stocks higher.
read moreStocks Rally on Wall Street as Jobs Report Eases Inflation Concerns
Stocks on Wall Street surged after the government reported a slowdown in hiring, signaling that the Federal Reserve’s efforts to combat inflation with high interest rates may be making progress. The S&P 500 rose 1.3%, erasing its losses for the week, while the Dow Jones Industrial Average gained 1.2% and the Nasdaq composite climbed 2%. U.S. employers added 175,000 jobs last month, down from March, suggesting that the Fed’s rate hikes may be cooling hiring and easing inflation pressures.
read moreChina’s Stock Market Rebounds, Analysts Predict Continued Rally
The Chinese stock market has rebounded, showing positive signs of bottoming out, with foreign investors gradually returning after six months of outflows. Recent strong economic indicators suggest a climb out of the bottom, with the MSCI China Index surging 20% from its bear market lows and momentum gauges signaling a potential further rally. Despite previous challenges, China’s economy grew 5.3% in the first quarter of 2024, prompting billionaire investor Ray Dalio to consider it the best moment to invest in China.
read moreUS Stocks Surge on Modest Job Growth, Fed Rate Cut Hopes
Stocks surged on Wall Street as the latest government report revealed a modest increase in job growth for April, signaling the potential impact of high interest rates on the economy. The S&P 500 and Dow Jones Industrial Average both rose by 1.4%, with the Nasdaq composite climbing 2.2%. The report suggests a potential slowdown in labor demand, potentially easing inflation pressures and providing the Federal Reserve with leeway to cut rates later in the year. This news comes after Federal Reserve Chair Jerome Powell indicated a longer timeline for gaining confidence in inflation to consider rate cuts. The market’s gains were broad, with technology stocks leading the rally, while Treasury yields fell following the jobs report. In Europe, major indices also saw gains, with the DAX, CAC 40, and FTSE 100 all rising.
read moreThe Surprising Truth About the “Sell in May” Stock Market Adage
The old adage “sell in May and go away” may need a new twist, as historical data shows that the stock market has actually seen positive returns during the May-October period. In fact, recent years have seen average returns of +4.0%, with May itself delivering positive stock market returns in nine of the past ten years. Additionally, during Presidential election years, the stock market tends to experience a summer rally, suggesting that staying invested in May could be a viable strategy.
read moreUS Economy Faces Slowdown Amid Stagflation Concerns and Market Impact
The US economy experienced a significant slowdown in the first quarter of 2024, with GDP growth falling below expectations. Concerns about stagflation have emerged, impacting the stock market and crypto market. The Federal Reserve is cautious about cutting interest rates, waiting for clear signs of controlled inflation before taking action.
read moreUS Stocks Tumble on Weaker-Than-Expected Economic Data and High Inflation
US stocks fell sharply on Thursday following a disappointing first-quarter GDP report, which showed economic growth slowing to 1.6%, well below expectations. The market reacted negatively to the prospect of slowing growth and persistently high inflation, raising concerns about a potential “stagflation” scenario. Despite some positive indicators, such as solid domestic demand, the outlook remains uncertain, with inflation posing a significant challenge. The 10-year Treasury bond also saw a notable increase, while the tech sector was impacted by Meta’s underwhelming performance and cautious guidance. Analysts are closely monitoring upcoming earnings reports from major companies like Microsoft and Google parent Alphabet.
read moreUS Stocks Plunge on Weaker-Than-Expected Economic Growth and Inflation Concerns
US stocks fell sharply on Thursday as the US economy grew much slower than expected in the first quarter of 2024, leading to concerns about the Federal Reserve’s rate-cut decision. The report also revealed a rise in consumer prices, causing bond yields to jump to a five-month high. Tech sector was also affected, with Meta shares dragging down the wider sector after disappointing earnings results.
read moreUS Stocks Waver as Fed Chair’s Hawkish Comments Impact Market Sentiment
US stocks were mixed on Tuesday as Federal Reserve Chairman Jerome Powell’s hawkish comments raised doubts about potential interest rate cuts this year. Powell emphasized the need for more confidence in combating stubbornly high inflation, leading to a spike in long-dated Treasury yields. Despite this, stocks were supported by strong corporate earnings, with S&P 500 companies largely beating estimates, and notable gains from Morgan Stanley and UnitedHealth.
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