SPX

Dow finishes nearly 200 points lower as Treasury yields rise

Dow finishes nearly 200 points lower as Treasury yields rise

U.S. stocks closed lower on Thursday with technology stocks leading the way down, as bond yields marched further ahead of a likely Federal Reserve interest rate rise next week. What happened? The Dow Jones Industrial Average DJIA, -0.56% finished 173.27 points lower, down 0.6%, at 30,961.82. The S&P 500 SPX, -1.13% dropped 44.66 points, or …

Dow finishes nearly 200 points lower as Treasury yields rise Read More »

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half

Short selling is a trading technique that gets especially popular during bear markets in stocks. Short selling — or betting on a decline in prices — can come to the fore if investors suspect a company is entering a difficult period, during a period of stress on financial markets, or when a group of traders …

These 20 stocks have short interest of 19% or more, and AMC and GameStop are not even in the top half Read More »

A punishing selloff in short-term debt is pushing one rate near the 'magic' level that 'frightens' markets

A punishing selloff in short-term debt is pushing one rate near the ‘magic’ level that ‘frightens’ markets

The yield on the 1-year Treasury note is testing 4%, a level that traders say could spill over into other rates and send shivers through financial markets, as the Federal Reserve presses forward in earnest with its campaign to shrink its $8.8 trillion balance sheet. That balance-sheet process, known as “quantitative tightening,” is intended to …

A punishing selloff in short-term debt is pushing one rate near the ‘magic’ level that ‘frightens’ markets Read More »

First major Wall Street bank to call a U.S. recession says 'the pessimists will sadly prevail'

First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’

Deutsche Bank, which became the first major Wall Street bank to forecast a U.S. recession in April, is running through its list of pros and cons for why the world’s largest economy might achieve a soft landing — and coming to the conclusion that it won’t. “Our view is that the pessimists will sadly prevail …

First major Wall Street bank to call a U.S. recession says ‘the pessimists will sadly prevail’ Read More »

U.S. inflation slows again due to cheaper gas, CPI shows. Yet prices soar for almost everything else

U.S. inflation slows again due to cheaper gas, CPI shows. Yet prices soar for almost everything else

The numbers: Falling gasoline prices last month delivered a second low U.S. inflation reading in a row as the consumer price index rose by just 0.1% in August. But the report also shows inflation has spread more broadly through the economy and is set to spur the Federal Reserve to sharply raise interest rates again. …

U.S. inflation slows again due to cheaper gas, CPI shows. Yet prices soar for almost everything else Read More »

Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier

Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier

Gustavo Arnal, the CFO of Bed Bath & Beyond who leapt to his death from a Manhattan skyscraper last week, had faced a “pump and dump” allegation less than two weeks earlier. On Friday Arnal fell to his death from the 18th floor of 56 Leonard Street, an iconic new skyscraper known as the “Jenga building” on …

Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier Read More »

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains

Quantitative monetary easing is credited for juicing stock market returns and boosting other speculative asset values by flooding markets with liquidity as the Federal Reserve snapped up trillions of dollars in bonds during both the 2008 financial crisis and the 2020 coronavirus pandemic in particular. Investors and policy makers may be underestimating what happens as …

The wild card that could sink stocks: What investors need to know as the Fed unwinds liquidity that had helped fuel market gains Read More »

U.S. stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

U.S. stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq

U.S. stocks ended sharply higher Friday, with all three major benchmarks snapping three straight weeks of losses, as investors appeared to have priced in another jumbo rate hike from the Federal Reserve. How stock indexes performed The Dow Jones Industrial Average DJIA, +1.19% advanced 377.19 points, or 1.2%, to close at 32,151.71. The S&P 500 …

U.S. stocks close sharply higher, snap 3-week losing streak with gains led by tech-heavy Nasdaq Read More »

Will the Federal Reserve kill the stock-market bounce?

Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock

Federal Reserve policy makers are about to surprise themselves — and not in a good way when it comes to stocks and other assets perceived as risky, according to analysts at BlackRock Investment Institute. BlackRock has argued that investors are dealing with a “regime shift” as the COVID-19 pandemic upended an unusual period of mild …

Bad news for stocks: Fed will be surprised how hard rate hikes hit economy, says BlackRock Read More »