The Federal Reserve isn’t trying to slam the stock market as it rapidly raises interest rates in its bid to slow inflation still running red hot — but investors need to be prepared for more pain and volatility because policy makers aren’t going to be cowed by a deepening selloff, investors and strategists said. “I …
Text size NYSE From a certain point onward, there is no turning back. The stock market reached that point this past week. Oh, the market was hopeful, entering the week, that inflation had reached its peak, that the Federal Reserve would stop raising rates soon, that the bottom was in. But Tuesday’s release of August’s …
Why Is the Stock Market Down? It Knows the Worst Is Yet to Come. Read More »
Facebook was a member of the exclusive $1 trillion club a year ago, but it’s fallen a long way since then. Now named Meta Platforms Inc. META, -2.18%, the company saw its market value fall below $400 billion Friday for the first time since Jan. 7, 2019, according to Dow Jones Market Data. Meta’s valuation …
Facebook stock falls to yet another ignominious level Read More »
A growing number of traders, academics, and bond-market gurus are worried that the $24 trillion market for U.S. Treasury debt could be headed for a crisis as the Federal Reserve kicks its “quantitative tightening” into high gear this month. With the Fed doubling the pace at which its bond holdings will “roll off” its balance …
The next financial crisis may already be brewing, but not where many expect Read More »
Dogged by competitive and macroeconomic threats, Meta Platforms Inc. is sinking down the ranks of the largest U.S. companies. After a 9.4% daily slide in its stock, Meta META, -9.37% ranked 10th by market value as of Tuesday’s close, falling below Visa Inc. V, -3.37% for the first time since the start of August. Meta, …
If the U.S. midterm election cycle this year is like past ones, the stock market will carve out an important low right around Election Day in November. That should give some hope to beleaguered investors whose stock holdings have suffered double-digit losses so far this year. A meaningful rally could be just a few weeks …
Text size Spikes in natural gas prices are threatening to throw the world economy into recession, reducing oil demand. Andrey Rudakov/Bloomberg Oil rose on Monday as members of the Organization of Petroleum Exporting Countries were due to meet. OPEC and allies including Russia are considering whether to make a small output cut of 100,000 barrels …
Oil Prices Climb as OPEC Considers Cutting Production Read More »
Russia doesn’t support an oil-production cut at this time, and it is likely OPEC+ will keep its output steady when it meets Monday, people familiar with the matter said, as Moscow maneuvers to thwart Western attempts to limit its oil revenue following its invasion of Ukraine. Russian opposition to a production cut highlights a debate …
Russia Signals Opposition to OPEC+ Oil-Production Cut Read More »
With summer winding down, the U.S. stock market is set up for a potentially shaky fall. “Recession fears are the most likely trigger of a retest of the June lows,” said Ed Clissold, chief U.S. strategist at Ned Davis Research, in an Aug. 31 note. “From a seasonality perspective, a retest could come in the …
Text size Jonathan Alpeyrie/Bloomberg August’s payrolls data was greeted with chants of “Goldilocks” for being not too hot and not too cold. Investors, however, forgot that “Goldilocks and the Three Bears” didn’t really have a happy ending. It’s easy to see why markets initially celebrated the report. While the U.S. economy added 315,000 jobs in …
The Stock Market Looked Ready to Recover Before Falling Apart. What Went Wrong. Read More »
