Investors are hoping a strong December jobs report and dovish words from the Federal Reserve chairman will ease rising concerns about an economic slowdown. The December employment report, released at 8:30 a.m. ET Friday, is expected to show 177,000 non-farm payrolls were added, after 155,000 in November, and an unchanged unemployment rate of 3.7 percent,
Stock Market
Check out the companies making headlines after the bell: Apple shares fell 7 percent as the company lowered its first-quarter-revenue forecast on Wednesday. The company said it now expects $84 billion in revenue this quarter, down from its previous outlook for revenue between $89 billion and $93 billion. Analysts expected $91.5 billion in revenue, according
Check out the companies making headlines before the bell: Amazon.com – Amazon is planning a significant expansion of its Whole Foods grocery stores, according to The Wall Street Journal. The paper said Amazon is scouting new locations in more suburbs, and in areas where Whole Foods is already growing in popularity. Deutsche Bank – Deutsche
There’s a good chance that what ailed the market in 2018 could reverse sometime in 2019, providing strong tailwinds for stocks, some strategists said. After the worst December since 1931 and the worst year since the financial crisis, stocks enter 2019 tentatively but still susceptible to the volatility that resulted in historic intraday swings in
The stock market is likely to remain highly volatile, but the economy is unlikely to fall into a recession and that makes it a good time to “buy the dips” again when stocks fall, Leuthold chief investment strategist Jim Paulsen said. “If there’s no recession, to me it’s a buyable correction. They don’t tend to
Investors are fearful the stock market is signaling that a recession could be on the way either because of a Fed policy misstep or trade wars, but that doesn’t have to be the case. Not all big market declines have signaled a recession, but once a market decline reaches 20 percent, the odds are higher,
Investors can bid farewell to the worst year for stocks in a decade, but they may not find a way to escape the volatility when the new year starts with a bang. By the first Friday of 2019, it’s back to business in a big way with the December jobs report and an unprecedented panel
Check out the companies making headlines after the bell: Aphria shares soared more than 20 percent during after-hours trading Thursday as Green Growth Brands announced it would launch a takeover bid for the company. Green Growth Brands is a marijuana retailer and Aphria is one of the largest Canadian cannabis companies in the world. P&G
Check out the companies making headlines before the bell: Intel – Intel received a $185 million grant from the Israeli government in return for a $5 billion expansion of its chip making operations in Israel. Walmart, Target, Macy’s – These and other retail stocks are on watch today, following holiday shopping season numbers that were
It was Wall Street that scared the markets as storied institutions failed during the financial crisis, and now as stocks fall into bear market territory, it’s Washington that’s getting the blame. Making matters worse, is that when financial markets are in trouble, market pros turn to Washington’s lawmakers and regulators for help, and now they
Stocks could look to bounce later in the week, after the worst Christmas Eve performance ever, but some strategists expect only a half-hearted rally attempt with more losses to come. The S&P 500 lost 2.7 percent Monday, to 2,351 in a half-day session, and is now officially in a bear market — or down 20
New York Fed President John Williams took a step Friday toward undoing the blunt blow to markets delivered by the Federal Reserve and Fed Chairman Jerome Powell on Wednesday. Stocks initially jumped, the dollar rose and bonds sold off, after Williams indicated the Fed would be flexible and could consider changing policy if the economy
For much of his presidency, the stock market has loved President Donald Trump, trading higher on his pro-growth policies, like tax cuts, as well as his hands-off regulatory stance. But now with the stock market well off its highs, the president has increasingly become a source of uncertainty and volatility. Trump and Washington politics are
Stocks head into the final full trading week of the year on the brink of a bear market. The Dow Jones Industrial Average plummeted in the past week in its worst performance since before the bull market began, in the very thick of the financial crisis in the fall of 2008. While the market is
Check out the companies making headlines after the bell: Nike shares rose more than 7 percent during after hours trading after it exceeded analyst expectations in its quarterly results. The company reported $9.37 billion in revenue, beating the expected $9.18 billion. It also earned 52 cents per share, beating predictions of 46 cents per share.
Stocks are extremely oversold, but investors still seem bent on selling after the Federal Reserve disappointed markets with a less dovish message than expected. “The bears have been writing the script,” said Scott Redler, partner with T3Live.com. The S&P 500 lost 1.5 percent Wednesday to 2,506 and is nearly 15 percent off its September high.
The Federal Reserve is expected to raise interest rates by a quarter point Wednesday and also signal it will not be raising rates as much as it had previously forecast. Strategists say that may soothe volatile financial markets, but the Fed has a tough task in terms of explaining its actions in a way that
Check out the companies making headlines after the bell: Oracle shares rose as much as 3.6 percent during after hours trading Monday as the company beat expectations on both earnings and revenue. The computer technology company earned 80 cents per share, while analysts expected 78 cents per share. It also beat revenue expectations of $9.52
Strong consumer spending is giving a boost to fourth-quarter GDP growth, pushing it up to 3 percent, according to a survey of economists. Economists, participating in the CNBC/Moody’s Analytics GDP rapid update raised their forecast by 0.2 percentage points following the stronger-than-expected November retail sales report. Excluding automobiles, gasoline, building materials and food, retail sales
The S&P 500 could be getting ready to test a new range around the lows of the year that it reached in February — a level that is as much as 3 percent below current levels. The S&P 500 closed at 2,599 Friday, below the psychological 2,600 level and the October low of 2,603. The
The Fed may not be able to turn the tide for the stock market in the week ahead, but it could soothe some of the wild volatility that has been crushing stocks since October. The Fed is expected to raise interest rates Wednesday by a quarter point, and the pressure is on for Fed Chairman
Check out the companies making headlines after the bell: Costco shares fell 3 percent after the market close after reporting disappointing quarterly earnings and revenue. The company reported $34.31 billion in revenue, falling short of the $34.79 billion estimated by analysts polled by Refinitiv. The company posted adjusted earnings of $1.61 per share, just shy
Check out the companies making headlines after the bell: Tailored Brands shares fell more than 25 percent after market-close as the retail company missed revenue expectations. The company owns brands such as Men’s Wearhouse and Joseph A. Bank. The company reported $813 million in revenue, missing projections of $820 million. However, it beat earnings, reporting
Check out the companies making headlines after the bell: American Eagle shares fell more than 6 percent after the market-close Tuesday. The clothing brand missed revenue estimates revenue, reporting $1 billion while analysts expected $1.02 billion. It met earnings projections at 48 cents a share. It also reported 8 percent growth in comparative sales, while
The fear of the Fed is fading. As the 10-week stock market correction deepened, fears of slowing growth escalated and expectations for Fed rate hikes have fallen. While stocks weakened, investors jumped into bonds, sending yields lower and igniting worries about a looming recession. As of Monday, the odds were pretty low in the futures
The chart of the S&P 500 Index is flashing a warning of more selling ahead. A pattern, called the ‘death cross,’ appeared on the chart on Friday as stocks plunged. The S&P 500’s average price of the last 50 days, dropped below the 200-day moving average, a sign of negative momentum and possible change in
Stocks could continue to take a beating and aim for a retest of lows, after one of the most brutal weeks for the market this year. The past week was one of the worst of 2018, with the Dow down 4.5 percent at 24,388, and the Nasdaq down nearly 5 percent, at 6,969. The S&P
November’s employment report was a “Goldilocks” report, solid enough to reflect a vigorous labor market, but not strong enough to encourage the Fed to be more aggressive. Hiring slowed to 155,000 in November, well below the 200,000 expected and under October’s 237,000 payrolls, after revisions. The unemployment rate was unchanged at 3.7 percent. Average hourly
The arrest of a high-profile Chinese telecom executive at the behest of the U.S. government sent fear into financial markets that it could complicate talks between the U.S. and China, reigniting trade wars and wreaking damage on the global economy. Canadian officials arrested Huawei Technologies CFO Meng Wanzhou, the daughter of Ren Zhengfei, founder of
After sharp gains in the past week amid hopes for a trade deal, stocks fell back into correction mode Tuesday, plunging on worries the trade talks could fail and that global growth is slowing. But some strategists said the selling, which took the Dow down as much as 800 points intraday, appeared to be overdone
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