The USD will remain strong as long as the Fed signals its 'new paradigm' - Macquarie

Yesterday's hot CPI could be the start of a pullback - Sevens Report

February 14, 2024 12:00 PM EST

In its latest note Wednesday, Sevens Research Report addressed the key questions following the January CPI data, stating it wouldn't be surprising if it represented the start of a pullback.

With stocks dropping sharply following the "hot" data, Sevens said yesterday's CPI didn't really change the conversation on disinflation.

"Instead, it just... More

Wells Fargo says history suggests at least a 5% drop in S&P 500

February 14, 2024 7:41 AM EST

History suggests there will be at least a 5% slide in the S&P 500, according to Wells Fargo in a note Wednesday.

While not providing further details on the claim, the bank's equity analyst Christopher Harvey said in his brief note that an equity sell-off was sighted yesterday, and the... More

Wall Street ends higher, lifted by Uber, Lyft and Nvidia

February 14, 2024 6:22 AM EST

By Noel Randewich and Johann M Cherian

(Reuters) -Wall Street ended sharply higher on Wednesday as ride-hailing platforms Lyft and Uber rallied, while Nvidia displaced Alphabet as the U.S. stock market's third most valuable company.

Nvidia overtook Alphabet's market capitalization ahead of the dominant AI chipmaker's quarterly results next week, now with a with a stock market value of $1.825 trillion after its shares rose 2.5%.

Uber surged almost 15% to a record high, boosted by a $7 billion share buyback plan.

Lyft soared 35% after its profit beat estimates and it said it would generate positive... More

Futures higher after Wall St slumps; Lyft's guidance error - what's moving markets

February 14, 2024 5:47 AM EST

Investing.com -- U.S. stock futures tick up after a negative day on Wall Street fueled by a hotter-than-predicted U.S. inflation data that led markets to recalibrate their bets on Federal Reserve interest rate cuts. Lyft (NASDAQ: LYFT) shares go for a bumpy ride following an erroneous press release from the ride-hailing group, while Sony (NYSE: SONY)... More

Global S&P Futures mixed in premarket

February 14, 2024 4:22 AM EST

Global S&P Futures mixed in premarket, Nikkei up 2.8%, DAX mixed, WTI Crude oil recently at $77.80, natural gas down 1%, gold at $2001

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UBS cautious on cyclicals - Here's why

February 13, 2024 4:00 PM EST

UBS analysts said in a recent note that they are cautious about cyclical stocks, which are "pricing in a lot."

The firm stated that cyclicals (the aggregate of consumer and industrial cyclicals) "seem to be discounting a PMI of c57."

"This implies we are early cycle, but (very... More

Data points to continued economic momentum - BofA

February 13, 2024 1:00 PM EST

Analysts at BofA believe the ES economy could be re-accelerating, saying in a recent note (before Tuesday's inflation data) that the January data flow generally points to continued economic momentum.

The January data was generally positive, pointing to upside risks to the bank's growth forecasts.

"From a bottom-up... More

Last week saw more record communication services inflows - BofA

February 13, 2024 9:27 AM EST

BofA analyst Jill Carey Hall said in her equity client flow trends note this week that there were more record inflows for communication services stocks.

The analyst revealed that amid continued upward revisions, strong earnings results and a surprise dividend announcement, communication services saw another week of record-breaking... More

U.S. inflation hotter than anticipated in January

February 13, 2024 8:46 AM EST

Investing.com -- Headline annual U.S. inflation decelerated to 3.1% in January, but was faster than economists' projections, in a key economic release that could impact how Federal Reserve officials view the timing of potential interest rate cuts.

This is a developing story. Please check back later for updates.

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