Stock Market Today: Nasdaq Ekes Out a Win Despite Chip Stock Weakness Semiconductor stocks lagged after media reports said the Biden administration is considering more restrictions on chip sales to China. Kiplinger · Jun 28, 2023
Powell signals Fed open to two straight hikes at coming meetings Federal Reserve Chair Jerome Powell signaled policymakers could potentially raise interest rates in July and September to curb persistent price pressures and cool a surprisingly resilient U.S. labor market. Tribune News Service · Jun 28, 2023
Top central bankers assert need for higher interest rates to tackle persistent inflation Several of the world's top central bankers got together, and their message was clear: interest rates could go even higher to combat inflation The Independent UK · Jun 28, 2023
S&P Futures Tick Lower Ahead of Powell Speech, Chip War Heats Up September S&P 500 futures (ESU23) are trending down -0.15% this morning as a report on potential new restrictions on the export of artificial intelligence chips to China weighed on sentiment, while investors awaited a speech from Fed Chair Jerome Powell for fresh clues on the future direction of U.S. monetary… Barchart · Jun 28, 2023
S&P Futures Tick Lower Ahead of Powell Speech, Micron Earnings on Tap September S&P 500 futures (ESU23) are trending down -0.14% this morning as market participants awaited a speech from Fed Chair Jerome Powell for fresh clues on the future direction of U.S. monetary policy. Barchart · Jun 28, 2023
Jerome Powell promised a housing market 'reset'. Is it actually happening? On Tuesday, U.S. house prices as tracked by Case-Shiller went negative on a year-over-year basis for the first time since 2012. However, it comes as month-over-month prices are rising again. Fortune · Jun 27, 2023
Rep. Khanna Questions Fed’s 2% Inflation Target Amid Calls For Re-evaluation As the inflation rate sits above 4%, Khanna asks why not set the target at 3% to address modern needs. Zenger · Jun 26, 2023
Stocks Set to Open Lower as Investors Await Key U.S. Inflation Data, Powell Speech September S&P 500 futures (ESU23) are down -0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.22% this morning as market participants looked ahead to the release of the Fed’s favorite inflation gauge while awaiting a speech from Fed Chair Jerome Powell. Barchart · Jun 26, 2023
Wagner Effect: Gold Climbs On Russia’s Internal Chaos, Soft Dollar Spot gold traded 0.2% higher at $1,925 per ounce during Monday afternoon’s Asian trading session. Zenger · Jun 26, 2023
3 Growth Stocks to Watch in June The Fed’s aggressive rate hike stance has tampered with optimistic investors’ sentiments. Given the associated market volatilities, unlikely to diminish anytime soon, quality growth stocks The Sherwin-Williams Company (SHW), SMART Global Holdings (SGH), and Steelcase (SCS) could be sound watchlist additions in June. Read on…. StockNews.com · Jun 23, 2023
Ripple effects — Congressional Hits and Misses - Roll Call This week’s Hits and Misses include Fed Chairman Jerome Powell’s Grateful Dead revelation, House GOP censuring Rep. Adam B. Schiff and more. Roll Call · Jun 23, 2023
3 Momentum Stocks to Start Watching The Fed’s multiple rate hikes to curb the stubbornly high inflation have led to heightened recessionary fears. Despite the uncertainties, fundamentally strong stocks ASML Holding (ASML), ASSA ABLOY (ASAZY), and Banco BBVA Argentina (BBAR) have gained momentum and could be worth adding to your watchlists. Read more. StockNews.com · Jun 23, 2023
Stock Index Futures Plunge as Economic Outlook Darkens, PMI Data in Focus September S&P 500 futures (ESU23) are down -0.49%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.64% this morning as a series of interest rate hikes by central banks intensified fears of a global economic downturn. Barchart · Jun 23, 2023
Stock market today: Asian shares sink as central banks crank interest rates still higher Asian shares have fallen sharply after several central banks around the world cranked interest rates higher in their fight against inflation The Independent UK · Jun 23, 2023
Kiplinger · Jun 22, 2023 Stock Market Today: Stocks Close Mixed as Central Banks Raise Rates Two of the three major benchmarks notched gains Thursday despite hawkish commentary at home and rate hikes abroad.
Fortune · Jun 22, 2023 Billionaire CEO Barry Sternlicht admits he was 'a little early' with his recession calls. 'I did not understand the strength of the consumer' The head of Starwood Capital Group said it all comes down to the labor market. “People are employed and when people are employed, they spend money.”
StockNews.com · Jun 22, 2023 Are these 3 Stocks the Best for Stability this Week? While inflation exhibits signs of cooling, it still exceeds the Fed’s 2% goal. Given the possibility of additional rate hikes and an economic slowdown, it could be wise to seek refuge in relatively stable stocks to help weather the economic uncertainty. So, let’s find out if Ingredion (INGR), PC Connection…
The Independent UK · Jun 22, 2023 Fed's Powell reinforces likelihood of more rate hikes because of persistently high inflation Chair Jerome Powell reiterated that the Federal Reserve will likely raise interest rates at least once more this year because of persistently high inflation in the economy’s service sector and the surprisingly tight job market
Barchart · Jun 22, 2023 Recession Watchers Must Check Out Tanger Factory Outlet (SKT) For Clues With the equities market printing three straight down days, investors should put Tanger Factory Outlet on their watch list for clues about a possible incoming recession.
Fortune · Jun 22, 2023 The housing market recession is 'over’ in the new home space, top economist Ali Wolf says, but she's hesitant on what comes next "Home sales are rising, starts are rising, and home prices are rising again," Wolf tells Fortune. "The big question is – is that it?"
Fortune · Jun 22, 2023 Patrick McHenry wants to end the crypto quagmire in Congress The powerful House Financial Services Committee is set to vote on legislation in July.
Barchart · Jun 22, 2023 Stocks Slip Before the Open as Powell’s Hawkish Testimony Weighs on Sentiment, BoE Decision in Focus September S&P 500 futures (ESU23) are down -0.19%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.29% this morning after three major U.S. benchmark indices ended the regular session lower as market participants digested a renewed warning issued by Federal Reserve Chair Jerome Powell, emphasizing the necessity of further…
Kiplinger · Jun 21, 2023 Stock Market Today: Markets Slide as Powell Warns of Higher Rates Equities turned lower as the Fed chief delivered a hawkish semi-annual report to Congress.
StockNews.com · Jun 21, 2023 The Top 3 Growth Stocks to Add to Your Portfolio Today In the current market backdrop, where the Federal Reserve is expected to continue raising interest rates, investing in growth stocks can help weather the storm. Fundamentally sound growth stocks such as Expedia Group (EXPE), Extreme Networks (EXTR), and FutureFuel Corp. (FF) could be wise additions to your portfolio. Read on….
The Independent UK · Jun 21, 2023 Watch live as Federal Reserve chair gives testimony to US House on economic situation Watch live as Federal Reserve chair Jerome Powell delivers his semiannual monetary policy testimony to the US House financial services committee.