Fundstrat's head of research, Tom Lee, suggests that the August sell-off in stocks presents a great opportunity for investors to buy the dip before stocks resume their rally, despite near-term downside risks influenced by China's weakening economy and rising interest rates.
Stocks fell on Thursday as investors retreated ahead of the Federal Reserve's Jackson Hole symposium, with European stocks dropping and technology stocks giving up earlier gains, while Walt Disney shares tumbled, and Treasury yields increased on strong economic data and concerns about inflation.
Stocks gave up gains after Fed Chair Jerome Powell stated that the central bank is prepared to raise rates further, causing investors to adopt a dimmer interpretation of his remarks.
U.S. stocks turned negative as Federal Reserve Chair Jerome Powell's cautious stance on further rate increases raised concerns among investors, while bond yields edged up after his speech at Jackson Hole.
Stocks remained higher across the board as investors analyzed the impact of Fed Chair Jay Powell's speech and prepared for upcoming inflation and jobs data, with the Dow Jones, Nasdaq Composite, and S&P 500 all experiencing gains.
The stock market sinks as a tech selloff occurs due to investors' fear of more Fed rate hikes, with Apple, Tesla, and Nvidia all experiencing significant declines.
US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.
Stocks fell on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declining, but Wall Street is on track for a winning week.
The stock market weakened slightly as investors remain uncertain ahead of the Federal Reserve's meeting this week, with eyes on the tone taken by Federal Reserve Chair Jerome Powell during the post-meeting media conference.
Stocks closed relatively unchanged on Monday as investors await the upcoming Federal Reserve meeting, which will determine the central bank's next interest rate decision, amidst easing core inflation and a cooling labor market.
US stocks slumped as investors prepare for the Federal Reserve's upcoming interest rate decision, with all three benchmark indexes ending the day lower.
The dollar strengthens and stocks decline as the Federal Reserve delivers a "hawkish pause" during the Fed meeting, with updates on the interest-rate decision, dot plot, and Jerome Powell press conference.
Tech stocks led a retreat on Wall Street as investors were concerned about the Federal Reserve's hawkish stance and its decision to keep interest rates steady, causing the S&P 500, Dow Jones, and Nasdaq Composite to decrease; Goldman Sachs has delayed its forecast for a Fed rate cut to the fourth quarter of 2024.
U.S. stocks fell for a third consecutive day as Treasury yields continued rising, the Bank of England kept interest rates unchanged, Cisco is acquiring Splunk for $28 billion, Rupert Murdoch is stepping down as chairman of Fox Corp and News Corp, investor Steve Eisman believes the banking sector is "uninvestable," and investor interest in AI is starting to wane.
The stock market ended the week with significant losses after the Fed's hawkish stance on monetary policy, and investors will be paying close attention to speeches from FOMC members, particularly Federal Reserve Chair Jerome Powell's perspective on the economy and policy; upcoming economic data, including the Consumer Confidence Index, Q2 2023 GDP Growth, and August's Core Personal Consumption Expenditures, will heavily influence the Fed's rate decisions.
Stocks fell on Tuesday as Wall Street grappled with the possibility of the Federal Reserve maintaining higher interest rates, while consumer confidence declined for the second consecutive month, reaching its lowest levels since May.
Stocks slid as fears of higher interest rates, a decline in consumer confidence, and a potential government shutdown weighed on investor sentiment, leading to losses in the S&P 500 and Dow Jones Industrial Average.
Stock indices are down after an initial boost from the inflation report wore off, with investors now cheering a softer-than-expected inflation print, while the Chicago Purchasing Managers Index shows a contraction in the manufacturing sector in Chicago for the 13th consecutive month.
Stocks retreated in September as Wall Street reacted to new data on inflation and fears of higher interest rates by the Federal Reserve, with major indexes seeing drops of 3-5% for the month and quarter; meanwhile, bonds saw some relief from rate jitters and the looming US government shutdown added further uncertainty to the market.
Stocks continued to sell-off due to concerns over labor market data, ongoing labor strikes, surging oil prices, and fears of the Federal Reserve raising interest rates, with the bond market being seen as the main driver behind the market action.
Stocks are selling off due to concerns about a recession, but Goldman Sachs analysts have identified 24 top stock picks that they believe will provide strong risk-adjusted returns.
Stocks sold off on Wednesday as tensions in the Middle East and lackluster earnings reports weighed on investor sentiment, leading to a decline in major indices and a surge in Treasury yields.
Stocks fell as Treasury yields rose and investors reacted to a speech by Federal Reserve Chair Jerome Powell, with the Dow Jones Industrial Average down 0.75%, the S&P 500 falling 0.9%, and the Nasdaq Composite leading the losses with a nearly 1% drop; in other news, Netflix shares surged more than 16% after the company reported a surge in subscriber numbers and announced plans to raise prices in the US, while Tesla shares fell almost 10% after the company's earnings missed estimates.
Stocks dropped again on Friday as markets reacted to comments from Federal Reserve Chairman Jerome Powell that increased bond yields, while also paying attention to developments in the Israel-Hamas war.
US stocks fell during afternoon trading on Friday, with benchmark Treasury yields retreating after reaching 5% following comments by Federal Reserve Chair Jerome Powell.
