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
International stocks mostly rose Monday, extending a rally that has pared some of this year’s losses, while US markets were set to stay closed for the Memorial Day holiday. The Stoxx Europe 600 added 0.3%, led by shares of technology and luxury-goods firms. Germany’s DAX edged up 0.3% and London’s FTSE 100 slipped 0.1%. .
Text size Meta Platforms’ advertising business has faced challenges from TikTok and Apple’s privacy changes. David Paul Morris / Bloomberg This year has been brutal for US stocks, but that goes double for high-growth technology stocks. A mix of rising bond yields and recession worries have weighed on the tech sector since late last year. … Read more
The end of the US stock market’s correction is looking a lot closer. That’s the conclusion of a contrarian analysis of market timer sentiment. It’s encouraging, from a contrarian perspective, that the market timer community in recent days has become extremely pessimistic – as pessimistic, in fact, as it has been at prior market bottoms. … Read more
Text size The market reacted violently to the Federal Open Market Committee, which hiked the federal-funds rate target by half a percentage point for only the second time this century. Spencer Platt / Getty Images Uncertainty on several fronts and a fast-changing world — economically, geopolitically, and otherwise — yields known knowns, known unknowns, and … Read more
Text size Al Drago / Bloomberg A funny thing happened in the past week, as news emerged of inflation hitting a four-decade high. A few strategists started looking a bit more positively on bonds, or at least somewhat less negatively. March consumer prices were 8.5% above their level a year earlier, while producer prices were … Read more