Wall Street ends higher, notches weekly gains as Fed meeting looms

PCE: inflation cools along with consumer spending American Express, Visa climb higher on solid demand Chevron falls after missing profit estimates Indexes up: Dow 0.08%, S&P 0.25%, Nasdaq 0.95% NEW YORK, Jan 27 (Reuters) – Wall Street advanced on Friday, marking the end of a rocky week in which economic data and corporate earnings guidance … Read more

S&P 500 nears first ‘golden cross’ in 2.5 years, but this doesn’t guarantee more gains ahead

The S&P 500 is on the verge of achieving its first “golden cross” in two-and-a-half years, but that doesn’t mean stocks are destined for more gains over the coming year. The golden-cross indicator is used by technical analysts as a sign that a particular upward trend in markets or currencies is gaining momentum. Barring a … Read more

Investors beware. It’s the market relationship with data that may pivot when the Fed pauses, says Citi.

Stocks on Friday looked ready to retreat a smidgeon as Wall Street closes out the week. That’s OK, the S&P 500 SPX, +1.10% is already up 5.75% in 2023, helped by the belief that the slowing economy and softening inflation will allow the Federal Reserve to be less aggressive in raising borrowing costs. This has … Read more

Wall Street closes green as GDP data eases recession worries

Microsoft, Tesla lead S&P, Nasdaq higher IBM announces job cuts, asset divestment Bed Bath & Beyond sinks on default notice Intel slides after the bell following results Indexes up: Dow 0.61%, S&P 1.10%, Nasdaq 1.76% NEW YORK, Jan 26 (Reuters) – Wall Street ended a choppy session higher on Thursday as investors grappled with an … Read more

This recession indicator is close to the point of no return. But stocks historically rally if the Fed cuts and the economy still grows.

It’s way too early to proclaim a Goldilocks environment, even if major asset classes are at least pointing to a better chance of it. The S&P 500 SPX, -0.02% has gained 5% this year, and the tech-heavy Nasdaq Composite COMP, -0.18% is up 8%, even with a seemingly daily stream of job-cut announcements. Stay tuned … Read more

S&P 500 closes slightly red as weak corporate guidance fuels recession fears

AT&T gains on subscriber adds General Dynamics slides after weak outlook Tesla, IBM post results Indexes: Dow up 0.03%, S&P 500 off 0.02%, Nasdaq down 0.18% NEW YORK, Jan 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a string of corporate earnings ran the gamut from downbeat to dismal, reviving worries … Read more

Wall Street totters after mixed earnings, trade halt glitch

SEC investigating NYSE opening bell glitch 3M slides on downbeat Q1 forecast J&J falls on sales warning; GE down on weak profit view Microsoft to report quarterly earnings after market close Indexes: Dow up 0.18%, S&P 500 off 0.13%, Nasdaq down 0.25% NEW YORK, Jan 24 (Reuters) – Wall Street was mixed on Tuesday as … Read more

Jeremy Grantham says ‘easiest leg’ of stock-market bubble burst over. What’s next.

Think the bear market of 2022 in US stocks has been rough? The hard part may still lie ahead, according to longtime stock market investor Jeremy Grantham. The legendary co-founder of Boston-based investment firm GMO argued in a Tuesday paper, cheerfully titled, “After a Timeout, Back to the Meat Grinder,” that “the first and easiest … Read more

Wall Street surges, powered by tech rebound

Baker Hughes falls on missing Q4 profit estimates Activist investor Elliott Management takes stake in Salesforce Chips on track for biggest daily gain since Nov Indexes up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan 23 (Reuters) – Wall Street surged on Monday, led higher by technology stocks as investors embarked on an earnings-heavy … Read more

Gold trades just shy of the highest level since April

Gold futures traded just shy of their highest level since April on Monday as the yellow metal looked to extend its gains after booking its fifth straight weekly advance. Price action Gold for February delivery GC00, -0.57% GCG23, -0.56% declined by 2 cents, or less than 0.1%, to $1,922 per ounce on Comex. Silver for … Read more