The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million.
The U.S. stock market tumbled on Wednesday following the release of the JOLTS report, which showcased an unexpected increase in job vacancies to 10.1 million, surpassing the anticipated 9.375 million. This development has reinforced market speculations of the Federal Reserve implementing further rate hikes in the upcoming month.
Stocks are climbing across the board on Friday, fueled by increased investor optimism about a debt limit agreement. All major averages traded comfortably in the green, with sharp gains in the rate-sensitive tech and consumer discretionary sectors, despite the release of an unexpectedly high PCE inflation report that is further bolstering expectations for another Fed interest rate hike ahead.
This is a part of a transcript of a conversation between Jeff Black, VP of Content and Education at Tornado, and his guest John Normand, in March 2023. John is a cross-asset strategist who spent over 25 years at JP Morgan heading research for foreign exchange, international rates and commodities. Macro, or economy-wide influences, can be broken down into cyclical and structural factors.
Value stocks fell to a fifteen-month low in relation to growth stocks, and are already lagging by more than 20% year to date on the heels of an AI-related rally propelling equities in the technology sector.
After a positive start to the session, the stock market turned to the red when House Speaker Kevin McCarthy's representatives allegedly stormed out of a private meeting with White House officials, calling the other side "unreasonable" and putting talks over the debt ceiling in jeopardy.
US stocks had a mixed session as of midday Thursday, with technology stocks outperforming and the Nasdaq 100 index reaching 13-month highs. Weekly jobless claims declined, beating expectations to the downside and indicating that labor market conditions remains healthy.
The U.S. stock market was overall weaker on Tuesday, with a significant exception stemming from big gains reported by tech giants following 13F disclosures by hedge funds, which indicated that speculators raised their exposure to major tech firms. Alphabet, Inc. , Advanced Micro Devices, Inc., Amazon, Inc. and NVIDIA Corp. were the best performers of the day among mega gap stocks.
** Caledonia Mining is expected to report earnings for its first quarter. ** Sohu.com is projected to report earnings for its first quarter. ** Modiv is estimated to report earnings for its first quarter. ** LM Funding America is estimated to report quarterly loss at $0.48 per share on revenue of $1.40 million.
The U.S. stock market got off to a shaky start in May. The S&P 500 index, closely tracked by the SPDR S&P 500 Trust ETF, is poised to end its second consecutive week of losses for the first time since mid-February as the debt-limit stalemate weighed on sentiment.
Risk aversion prevailed on Friday, with stock trending lower, Treasury yields climbing and the US dollar being the notable gainer for the session. The preliminary estimate of the University of Michigan consumer sentiment gauge saw a sharp drop in May, down from 63.5 in April to 57, well below the expected 63, with long-term inflation expectations surging to the highest since April 2011.
On Friday, May 12, at 10 a.m. ET, the University of Michigan will release the preliminary estimate of the May Consumer Sentiment Index. The consensus among economists forecasts a marginal drop in the consumer sentiment indicator from 63.5 in April to 63 in May. University of Michigan Consumer Sentiment For May: Why It Matters Chart: UMich vs US CPI Rate Benzinga's Take: An increase in the c...
Major U.S. equity indices were broadly negative on Thursday, with only large-cap tech companies holding steady, as investors fear that lower inflation and rising jobless claims constitute early signs of an economic downturn.
U.S. stocks climbed Friday as investors welcomed Apple, Inc.'s strong results last quarters and the better-than-expected jobs figures in April. Regional banks and growth-sensitive sectors like energy and consumer discretionary rose sharply as traders lowered their expectations of an upcoming economic slump.
US equities begin the week on a slightly higher note, as investors digest the US regulator's approval of the sale of First Republic Bank's assets to JPMorgan Chase & Co.. Both the S&P 500 and the Dow Jones Industrial Average are slightly stronger, while the Nasdaq remained steady due to rising Treasury yields.
As April draws to a close, it's the right time to look back at how the 11 S&P 500 sector ETFs fared over the month. The market as a whole was only slightly positive for the month, with the SPDR S&P 500 Trust ETF gaining 1.3%, although there were some differences in performance among sectors.
In the last session of the month, the stock market as a whole is in the green, with all major indices, except the Russell 2000, on track to post weekly gains, supported by strong corporate earnings.
In the last session of the month, the stock market as a whole is in the green, with all major indices except the Russell 2000 also on track to post weekly gains, supported by strong corporate earnings.
U.S. equities rallied across the board on Thursday, on the back of positive corporate earnings and expectations that a weaker-than-anticipated first-quarter GDP result will prompt the Fed to conclude rate hikes in May and later reverse its policy. Tech outperformed, fueled by optimism sparked by Microsoft Corp.'s and Meta Platform's strong earnings.
U.S. equities rallied across the board on Thursday, on the back of positive corporate earnings and expectations that a weaker-than-anticipated first-quarter GDP result will prompt the Fed to conclude rate hikes in May and reverse its policy later. Tech outperformed, fueled by optimism sparked by Microsoft Corp.'s and Meta Platform's strong earnings.
U.S. stocks battled against the bears throughout Wednesday's session, with help from the tech sector's noteworthy gains after encouraging earnings reports were released by industry heavyweights. Alphabet, Inc. and Microsoft Corp. both announced better-than-expected results last quarter, reducing risk aversion among investors.
U.S. stocks battled against the bears throughout Wednesday's session, with help from the tech sector's noteworthy gains after encouraging earnings reports were released by industry heavyweights. Alphabet, Inc. and Microsoft Corp. both announced better-than-expected results last quarter, reducing risk aversion among investors.
In the first trading session of the new week, all three main US stock indices traded lower as investors were cautious ahead of a busy week of tech earnings and economic data. Microsoft Corp. , Meta Platforms, Inc. , Alphabet, Inc. , and Amazon, Inc. are among the heawyweight tech firms scheduled to report in the coming days.
In the first trading session of the new week, all three main US stock indices traded lower as investors were cautious ahead of a busy week of tech earnings and economic data. Microsoft Corp. , Meta Platforms, Inc. , Alphabet, Inc. , and Amazon, Inc. are among the heawyweight tech firms scheduled to report in the coming days.
Several key economic indicators come out every week to help provide insight into the overall health of the U.S. economy, including the state of inflation. Policymakers and advisors closely monitor these indicators to understand the direction of interest rates, as the data can significantly impact business decisions and financial markets. In the week ending on May 11, the SPDR S&P 500 ETF Trust (SPY A) rose 1.73% while the Invesco S&P 500® Equal Weight ETF (RSP B+) was up 0.60%. In this article, we take a deeper look at three of the most important economic releases from the past week: consumer price index, producer price index, and Michigan consumer sentiment.
Several key economic indicators are released every week to help provide insight into the overall health of the U.S. economy. Last week’s releases shed light on various aspects of the labor market. This includes payroll numbers, unemployment data, job openings and labor turnover, and business activity in different sectors of the labor market.
Several key economic indicators are released every week to help provide insight into the overall health of the U.S. economy. In this article, we examine three of the data points from last week’s abundance of releases – March’s personal consumption expenditures (PCE), Q1 gross domestic product (GDP), and April’s consumer confidence index.
Several key economic indicators are released every week to help provide insight into the overall health of the U.S. economy. Last week, a handful of releases shed light on the state of the housing market, and this article takes a deeper look into three of them – existing home sales, building permits, and housing starts. These indicators will have an impact on home builders and residential real estate ETFs such as Invesco Dynamic Building & Construction ETF (PKB A), iShares U.S. Home Construction ETF (ITB A), SPDR S&P Homebuilders ETF (XHB A+), and iShares Residential and Multisector Real Estate ETF (REZ A-).
While consumer spending data has cooled, the retail consumer still remains relatively resilient — especially when it comes to higher-end, discretionary items that have strong brand recognition.
Last week was once again packed with economic data releases, each playing a part in helping us understand the overall state of the U.S. economy. In this article, we have selected three important data points from last week to highlight – Q4 gross domestic product (GDP), February’s personal consumption expenditures (PCE), and March’s consumer confidence index. These indicators are closely watched by policymakers and advisors trying to understand the direction of interest rates because the data can have a significant impact on financial markets and business decisions. On March 22nd, the Federal Reserve raised rates by 25 basis points to 4.75-5%. While rate hikes may be ending soon, the Fed’s road back to its 2% target rate is expected to be a bumpy one.
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May ETF Flows Favor Recent Winners from Divergent Stock Market
BY Ryan Jackson, Morningstar - 06/01/2023It's the Economy That Matters: Inflation Numbers
ETF Database - 05/15/2023Several key economic indicators come out every week to help provide insight into the overall health of the U.S. economy, including the state of inflation. Policymakers and advisors closely monitor these indicators to understand the direction of interest rates, as the data can significantly impact business decisions and financial markets. In the week ending on May 11, the SPDR S&P 500 ETF Trust (SPY A) rose 1.73% while the Invesco S&P 500® Equal Weight ETF (RSP B+) was up 0.60%. In this article, we take a deeper look at three of the most important economic releases from the past week: consumer price index, producer price index, and Michigan consumer sentiment.
It's the Economy That Matters: Jobs Report & More
ETF Database - 05/08/2023Several key economic indicators are released every week to help provide insight into the overall health of the U.S. economy. Last week’s releases shed light on various aspects of the labor market. This includes payroll numbers, unemployment data, job openings and labor turnover, and business activity in different sectors of the labor market.
It's the Economy That Matters: PCE Price Index and More
ETF Database - 05/01/2023Several key economic indicators are released every week to help provide insight into the overall health of the U.S. economy. In this article, we examine three of the data points from last week’s abundance of releases – March’s personal consumption expenditures (PCE), Q1 gross domestic product (GDP), and April’s consumer confidence index.
It's the Economy That Matters: The Housing Market
ETF Database - 04/24/2023Several key economic indicators are released every week to help provide insight into the overall health of the U.S. economy. Last week, a handful of releases shed light on the state of the housing market, and this article takes a deeper look into three of them – existing home sales, building permits, and housing starts. These indicators will have an impact on home builders and residential real estate ETFs such as Invesco Dynamic Building & Construction ETF (PKB A), iShares U.S. Home Construction ETF (ITB A), SPDR S&P Homebuilders ETF (XHB A+), and iShares Residential and Multisector Real Estate ETF (REZ A-).
Luxury Leisurely Takes Lead in Consumer ETFs
ETF Database - 04/06/2023While consumer spending data has cooled, the retail consumer still remains relatively resilient — especially when it comes to higher-end, discretionary items that have strong brand recognition.
Economy Matters: Gross Domestic Product and More
ETF Database - 04/03/2023Last week was once again packed with economic data releases, each playing a part in helping us understand the overall state of the U.S. economy. In this article, we have selected three important data points from last week to highlight – Q4 gross domestic product (GDP), February’s personal consumption expenditures (PCE), and March’s consumer confidence index. These indicators are closely watched by policymakers and advisors trying to understand the direction of interest rates because the data can have a significant impact on financial markets and business decisions. On March 22nd, the Federal Reserve raised rates by 25 basis points to 4.75-5%. While rate hikes may be ending soon, the Fed’s road back to its 2% target rate is expected to be a bumpy one.