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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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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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