'The bear is still alive,' claims Morgan Stanley's Wilson
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
NY Fed finds Americans see lower inflation level a year from now
June 12, 2023 11:15 AM EDTBy Michael S. Derby
NEW YORK (Reuters) - Americans expectations for inflation a year from now fell to the lowest level in two years, even as those same households said they expected more challenging financial times looming ahead, a New York Fed report on Monday said.
In its May Survey of Consumer Expectations report, the bank said that respondents project inflation a year from now to hit 4.1%, down from 4.4% in April. But it was a mixed bag on the price pressure front, as the expected level of inflation three years from now was seen at 3% in May, from... More
The Bear Market Isn't Dead, Warn Analysts From BTIG
June 12, 2023 8:42 AM EDTResearch analysts at BTIG took inspiration from American writer Mark Twain to help make the point that, despite recent gains in equities, major averages could still falter and reverse lower.
As the story goes, in response to rumors about his demise, Twain famously sent a letter to a newspaper informing a journalist that "reports of my death are greatly exaggerated.
Similarly, discussing the recent rally in stocks, BTIG analyst Jonathan Krinsky thinks many signs are inconsistent... More
S&P 500 and Nasdaq close at highest since April 2022
June 12, 2023 6:28 AM EDTBy Noel Randewich and Shristi Achar A
(Reuters) - The S&P 500 and the Nasdaq rallied on Monday to their highest closing levels since April 2022, while Oracle hit a record high ahead of quarterly results as investors awaited inflation data and the Federal Reserve's interest rate decision this week.
Lifted by gains in market heavyweights Amazon, Apple and Tesla, the S&P 500 has now recovered 21% from its October 2022 lows. Some investors say Wall Street is the midst of a bull market.
"The further out the October lows get in the rear view mirror, the more confident... More
SPDR S&P 500 ETF Trust (SPY) option IV at low end of range
June 12, 2023 4:19 AM EDTSPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 11; compared to its 52-week range of 11 to 31 into FOMC meeting.
... MoreGlobal S&P Futures mixed to lower in premarket
June 12, 2023 4:00 AM EDTGlobal S&P Futures mixed to lower in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $69, natural gas mixed, gold at $1974
... MoreGoldman Sachs raises S&P 500 year-end target to 4500
June 9, 2023 6:44 PM EDTGoldman Sachs' David Kostin raised his S&P 500 year-end target to 4500 from 4000, suggesting another 5% upside from current levels.
The commented, "We raise our S&P 500 year-end price target to 4500 (from 4000), representing 5% upside from the current 4299 level. Our unchanged 2023 EPS forecast of $224 assumes a soft landing and is above... More
S&P 500 first-quarter EPS creeps out of the red, Refinitiv data shows
June 9, 2023 1:41 PM EDTBy Noel Randewich
(Reuters) - Who said corporate earnings were down?
Fresh data shows earnings per share for S&P 500 companies were about flat in the first quarter, a major improvement over dour forecasts at the start of the reporting season.
With first-quarter earnings season all but wrapped up, S&P 500 companies are on track for an average increase in earnings per share of 0.03% year over year, according to I/B/E/S data from Refinitiv. By comparison, analysts in early April, before most companies reported, on average had forecast a... More
S&P 500 Pares Gain, Still Up 0.2%
June 9, 2023 11:26 AM EDTS&P 500 Pares Gain, Still Up 0.2%
Nasdaq Up 0.3%Dow FlatIndexes Well of Highs... MoreCanaccord says eVTOL TAM could be worth almost $58bn by 2033
June 9, 2023 11:26 AM EDT(Updated - June 9, 2023 11:49 AM EDT)
Canaccord analyst Austin Moeller initiated coverage on the electric vertical takeoff and landing (eVTOL) sector in a note Friday.
Within the space, the firm started Archer Aviation (NYSE: ACHR) with a Buy rating and a $9 price target, Joby Aviation (NYSE:... More
U.S. stocks were rising as the S&P heads toward another weekly win
June 9, 2023 10:36 AM EDTInvesting.com -- U.S. stocks were rising as the S&P 500 headed toward another weekly winning streak.
At 10:17 ET (14:17 GMT), the Dow Jones Industrial Average was up 100 points or 0.3%, while the S&P 500 was up 0.6% and the NASDAQ Composite was up 1%.
The S&P... More
SPDR S&P 500 ETF Trust (SPY) option implied volatility at low end of range into FOMC policy meeting
June 9, 2023 10:30 AM EDTSPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 11; compared to its 52-week range of 11 to 31.
... More