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U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech

U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech

U.S. stocks advanced on Thursday with the main benchmarks headed for back-to-back gains following a batch of strong economic data as investors waited to hear from Federal Reserve Chairman Jerome Powell. How stocks are trading S&P 500 SPX rose 18 points, or 0.6%, to 4,163. Dow Jones Industrial Average DJIA advanced 22 points, or 0.1%, …

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It's a Tom Jones rally but it may be overbought, say analysts

It’s a Tom Jones rally but it may be overbought, say analysts

The latest action in stocks may be a concern for the bulls. The S&P 500’s initial surge on Thursday to fresh three-month highs fizzled as the session wore on. The “peak inflation rally” faded. Futures early on Friday are firmer again, but inevitably there are some observers still wary of the recent bounce. “Obviously, a …

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Take a bow, Lisa Su: AMD's data-center business is a true rival to Intel

Take a bow, Lisa Su: AMD’s data-center business is a true rival to Intel

Advanced Micro Devices Inc. finally gave investors a direct look at its data-center business Tuesday, and Wall Street should be happy with the business that Lisa Su & Co. have rebuilt. In the first quarterly report from AMD AMD, +2.59% to include a long-desired breakdown of the server business, the chip maker reported $1.5 billion …

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Here's the loophole that makes the U.S. housing market more wobbly than it appears

Here’s the loophole that makes the U.S. housing market more wobbly than it appears

This housing market, it would appear, isn’t built on the same creaky foundations of the subprime crisis. Consider these statistics from Fannie Mae FNMA, the U.S. government-backed buyer of home mortgages. The weighted average FICO credit score in the first quarter for a single family home was a sterling 748. The origination loan to value …

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Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.

Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring — for now — as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testifying in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall …

Elon Musk joins the growing chorus fearing a U.S. recession. But there are stocks for that. Read More »

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on Sunday that …

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The S&P 500 is clinging to a key support level after Friday's meltdown, here's what happens if that fails

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

Last week’s shock U.S. inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s …

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails Read More »