Text size Fed chair Jerome Powell will deliver remarks at a central bank summit. Olivier Douliery / AFP via Getty Images Stocks slipped on Wednesday ahead of a summit of top central bankers where investors will closely watch for clues about how high the Federal Reserve will raise interest rates. Futures for the Dow Jones … Read more
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