Be careful with stocks and bonds as dollar could bounce here: BTIG

The business cycle should influence markets more than the election: Morgan Stanley

August 31, 2024 4:00 AM EDT

As the U.S. approaches another presidential election, investors are naturally curious about how the outcome might affect the markets.

However, Morgan Stanley analysts suggest that the business cycle, rather than the election, will have a more significant impact on market behavior.

Morgan Stanley said in a note to clients on Monday that while election years are often filled with speculation and predictions, the historical impact of elections on markets is less clear.

Our... More

Fed's Daly: Time to Adjust Policy is Upon Us, Hard To Imagine Anything Could Derail Sept Rate Cut

August 26, 2024 2:06 PM EDT

Fed's Daly: Time to Adjust Policy is Upon Us, Hard To Imagine Anything Could Derail Sept Rate Cut

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Dallas Fed Manf. Activity -9.7 vs -16.3 Expected

August 26, 2024 10:30 AM EDT

Dallas Fed Manf. Activity -9.7 vs -16.3 Expected

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Nasdaq Falls Ahead of NVIDIA (NVDA) Results Wednesday, Down 0.8%

August 26, 2024 10:21 AM EDT

Nasdaq Falls Ahead of NVIDIA (NASDAQ: NVDA) Results Wednesday, Down 0.8%

NVDA -1.8%NVIDIA will host a conference call on Wednesday, August 28, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2025, which ended July 28, 2024.... More

Durable Goods (Jul P) 9.9% vs 5% Expected, Ex-Trans -0.2% vs -0.1%

August 26, 2024 8:30 AM EDT

Durable Goods (Jul P) 9.9% vs 5% Expected, Ex-Trans -0.2% vs -0.1%

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Dow Jones, Nasdaq, S&P 500 weekly preview: Nvidia earnings to take center stage

August 26, 2024 7:34 AM EDT

U.S. stocks climbed on Friday after Federal Reserve Chair Jerome Powell hinted that interest rate cuts are on the horizon.

The Dow Jones Industrial Average rose by 462.30 points, or 1.14%, reaching 41,175.08. The Nasdaq Composite saw a 1.47% increase, closing at 17,877.79, while the S&P 500 gained 1.15%, ending the day at 5,634.61just shy of the all-time highs reached last month.

Fridays performance also capped off a winning week for all three major indexes. The Dow advanced nearly 1.3%, the Nasdaq gained 1.4%, and the S&P 500 climbed 1.45%.

The markets received a boost Friday morning following Powells remarks... More

S&P 500 ends lower, weighed down by Nvidia dip

August 26, 2024 6:16 AM EDT

By Johann M Cherian and Noel Randewich

(Reuters) -The S&P 500 finished lower on Monday, with AI heavyweight Nvidia dipping ahead of its quarterly report this week, while investors awaited inflation data for clues about the path of interest-rate cuts by the Federal Reserve.

The tech-heavy Nasdaq also declined, but the Dow Jones Industrial Average was supported by gains of about 1% each in Caterpillar and American Express and finished just slightly up.

Nvidia dropped 2.25% ahead of its report on Wednesday in what is set to be the U.S. stock market's most closely watched event of the week.

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Global S&P Futures mixed in premarket

August 26, 2024 6:14 AM EDT

Global S&P Futures mixed in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $75.50, natural gas down 3.5%, gold at $2560

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With Fed's shift to job market risks done, policy now has to catch up

August 26, 2024 6:12 AM EDT

By Howard Schneider

JACKSON HOLE, Wyoming (Reuters) -In 2022, when the Federal Reserve's focus shifted to combating inflation, it had to ratchet up interest rates fast to get monetary policy caught up with fast-rising prices.

Two years later, the focus has changed again - this time to protecting the job market, as outlined in Fed Chair Jerome Powell's speech on Friday at the U.S. central bank's annual Jackson Hole conference in Wyoming. A policy catch-up again appears to be needed - in the other direction, albeit at a likely less frantic speed.

Powell's signal of... More

Global equity markets boosted by prospect of Fed cuts, healthy earnings

August 26, 2024 5:08 AM EDT

Global equities rallied last week, driven by growing expectations of a rate cut by the Federal Reserve, even as manufacturing data showed signs of weakening.

The MSCI AC World Index, the global equity benchmark that tracks the performance of stocks across both developed and emerging markets, gained 1.7% during the week, according to Bank of Americas Monday report. Year-to-date, global equities are now up 14.4%.

Europe and Japan were the top-performing regions last week, with gains of 3.0% and 2.1%, respectively,... More

Did Powell just pour gasoline on stock market's fire?

August 26, 2024 4:47 AM EDT

Investing.com -- Jerome Powells recent speech at the Jackson Hole symposium has ignited a response in financial markets, and many analysts believe that his dovish tone could fuel further gains in an already hot stock market. 

The Federal Reserve Chairs remarks seemed to confirm widespread expectations of a forthcoming rate cut, which could have broad implications for both equities and the broader economy.

Powells speech was interpreted by many as dovish, signaling the Feds readiness to lower interest rates in the near term. 

It was... More

Powell’s latest pivot won’t be his last

August 26, 2024 4:47 AM EDT

Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Economic Symposium on Friday marked a significant dovish shift in the central banks stance on monetary policy.

Powell signaled that the Fed is now prepared to lower interest rates, aligning with market expectations for a series of rate cuts. His remarks suggest that the Fed's dual mandate of price stability and maximum employment is increasingly skewed towards supporting the labor market, even as inflation trends towards the Fed's 2% target.

During the speech, Powell did not push back against market expectations of multiple rate... More