Boston Fed's Collins supports 25 bps hike - NYT

SPDR S&P 500 ETF Trust (SPY) January weekly (13) option implied volatility at 38 into CPI

January 11, 2023 2:05 PM EST

SPDR S&P 500 ETF Trust (NYSE: SPY) January weekly (13) call option implied volatility is at 38, January is at 23; compared to its 52-week range of 15 to 56.

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Fed's Susan Collins "lean at this stage to 25" (bps) in February - NYT

January 11, 2023 1:18 PM EST

Fed's Susan Collins "lean at this stage to 25" (bps) in February - NYT

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S&P 500 Climbs 0.75%, Nasdaq Up 1.2%

January 11, 2023 12:21 PM EST

S&P 500 Climbs 0.75%, Nasdaq Up 1.2%

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S&P 500 Pares Gain, Still Up 0.25%

January 11, 2023 10:57 AM EST

S&P 500 Pares Gain, Still Up 0.25%

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MBA Mortgage Applications 1.2% vs -10.3% Prior

January 11, 2023 7:06 AM EST

MBA Mortgage Applications 1.2% vs -10.3% Prior

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Wall St ends sharply higher on optimism before key inflation report

January 11, 2023 7:04 AM EST

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks ended up sharply on Wednesday, with the S&P 500 and Nasdaq gaining more than 1% each as investors were optimistic ahead of an inflation report that could give the Federal Reserve room to dial back on its aggressive interest rate hikes.

The much-anticipated report due on Thursday is projected by economists polled by Reuters to show U.S. consumer prices grew 6.5% year-on-year in December, moderating from a 7.1% rise in November.

Among sectors, real estate and consumer discretionary were the day's strongest performers, while Microsoft, Amazon.com and... More

Global S&P Futures mixed in premarket

January 11, 2023 4:42 AM EST

Global S&P Futures mixed in premarket, Nikkei up 1%, DAX mixed, WTI Crude oil recently at $75.50, natural gas mixed, gold at $1888

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Janet Yellen is staying put to oversee billions in climate spending

January 10, 2023 5:05 PM EST

By Andrea Shalal

WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen is digging in to oversee billions of dollars in federal climate and infrastructure spending that she believes will transform the economy, close associates say, defying demands from Republicans to step down.

Yellen's oversight of about $270 billion in tax credits for electric vehicles, home solar panels and other climate purchases contained in the Inflation Reduction Act have made her a pivotal climate figure in President Joe Biden's administration.

But the high profile, as well as signals from markets and some economists of a coming recession,... More

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.56%

January 10, 2023 4:32 PM EST

Investing.com U.S. stocks were higher after the close on Tuesday, as gains in the Telecoms, Consumer Services and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.56%, while the S&P 500 index climbed 0.70%, and the NASDAQ Composite index climbed 1.01%.

The best performers of the session on the Dow Jones Industrial Average were Dow Inc (NYSE: DOW), which rose 2.15% or 1.19 points to trade at 56.47 at the close. Meanwhile, Caterpillar... More

Global economies expected to slow sharply in 2023 amid inflation, World Bank says

January 10, 2023 4:32 PM EST

By Liz Moyer

Investing.com -- The global economy will slow this year as high inflation keeps alive the risk of a recession, according to the latest assessment by the World Bank.

Global growth is forecast to slow to 1.7% this year, after estimating last June that it would grow at a 3% rate in 2023.

The lower rate, if it comes to pass, would make this year among the weakest years for growth in three decades, ranking third worst after only the... More

Berenberg believes value will continue to perform in 2023

January 10, 2023 3:59 PM EST

Berenberg analyst Edward Abbott told investors the firm is looking for value leadership in 2023.

The analyst explained that the tough backdrop in 2022 that resulted in a broad sell-off across markets meant value beat growth.

"Value outperformed strongly versus growth in all regions during 2022. In Europe, value outperformed growth by 22% in 2022; this was the best year for... More