US stock futures drop as Powell testimony looms, recession worries return to the spotlight

Recession worries were roaring back into the spotlight for Wall Street on Wednesday, with equity futures and oil prices dropping, as investors looked ahead to Congressional testimony from Federal Reserve Chairman Jerome Powell. How are stock-index futures trading? S&P 500 futures ES00, -1.67% dropped 1.6%, to 3,707 Dow Jones Industrial Average futures YM00, -1.44% dropped … Read more

Dow Futures Surge as Wall Street Rebounds From Last Week’s Steep Selloff

Text size Traders work on the floor of the New York Stock Exchange. Spencer Platt / Getty Images Stock futures traded sharply higher Tuesday as investors returned from a three-day weekend feeling a bit more optimistic after last week’s steep selloff. Contracts linked to the Dow Jones Industrial Average rose 493 points, or 1.7%, to … Read more

Buy these stocks with strong balance sheets, cash flow

It’s a tough year to be invested in stocks, with the stock market experiencing a seemingly never-ending cycle of gyrations. Major US indexes fell last week, with the Dow Jones Industrial Average ending the week at 29,888.78 – just a day after it dipped below the key 30,000 level for the first time since January … Read more

The S&P 500 closed in a ‘bear market’ on Monday. What does that mean?

Traders work on the floor of the New York Stock Exchange (NYSE) on June 10, 2022 in New York City. Spencer Platt | Getty Images There is nothing particularly special about the 20% demarcation line used to define a bear market. It’s more of a symbolic psychological hurdle for investors. It often portends – but … Read more

Crypto crash gathers steam as inflation marks fastest pace of rise since 1981

Bitcoin and other cryptocurrencies tumbled on Sunday, with losses for the asset class building over the weekend following US data that showed persistent inflation pressures in May, marking the fastest pace of increase since December 1981. Bitcoin BTCUSD, -1.10% has dropped around 3% to $ 27,743, with Ethereum falling more than 3.8% to around $ … Read more

Why the Stock Markets Are Falling So Hard

Text size Wall Street Bull Dreamstime This past week was another brutal one for the markets. Investors had plenty to worry about from the Fed to inflation and retail sales. The Dow Jones Industrial Average lost 4.6% last week. It’s fallen 10 of the past 11 weeks and suffered its largest two-week percentage decline since … Read more