Government bonds rallied as yields on longer-dated Treasurys retreated, while stock indexes closed mixed for the week and Bitcoin declined, with oil prices pushing higher and overseas stocks declining.
U.S. equity markets rallied as tech stocks gained and Netflix shares rose on strong subscriber growth, while Foot Locker and oil stocks struggled; U.S. Treasury yields and the dollar fell, while cryptocurrency prices rebounded.
The stock market experienced a sharp decline as early gains turned into a selloff, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all falling; concerns over rising bond yields and inflation contributed to the sell-off.
The stock market rally attempt experienced a setback as the S&P 500 and Nasdaq saw a downside reversal, indicating that the correction is still ongoing, while retailers faced challenges and Treasury yields reached a 15-year high. Meanwhile, Federal Reserve Chair Jerome Powell warned of potential rate hikes due to high inflation.
The drop in US stocks on Thursday, despite a positive forecast from Nvidia, suggests that the market rally is exhausted and further declines are expected, according to Morgan Stanley's Michael Wilson.
Stocks rallied as investors responded positively to Federal Reserve Chairman Jerome Powell's comments on strong economic growth, while bond market volatility continued and property sales fell; chip designer Arm filed for a Nasdaq listing; Nvidia reported strong Q2 results; the SEC voted to strengthen regulations on private equity, hedge funds, and venture capital; and the BRICS nations sent invites to six countries to join the bloc.
Not all stocks are experiencing the current market rally, as small-caps are lagging behind.
Equity markets historically rally after the Jackson Hole symposium, with a success rate of over 80%, despite the recent concerns about rising yields and inflation, indicating that stocks may rise despite higher rates.
Chinese stocks, including Alibaba and JD.com, experienced a rally after the government announced plans to reduce trading taxes and implement measures to boost capital markets.
A potential relief rally in the stock market is expected to start the week, but the upside is limited due to uncertainties about interest rates and the recent volatility, according to a Wall Street technician. The S&P 500 and Nasdaq Composite have experienced pullbacks, but a relief rally may be possible in the near term. However, the long-term trend remains uncertain, and the risk of a downturn in the financial system is elevated.
Stocks rally as job openings decline in July, bonds rally on softening job market and odds of interest rate pause, court rules SEC needs more reasoning to block Grayscale's Bitcoin ETF, and other market movements.
The stock market rallied on Tuesday as job openings fell more than expected, with major indexes surpassing their 50-day moving averages and growth stocks performing well.
Stocks are expected to rally next month, with the S&P 500 potentially reaching its previous highs, according to Fundstrat's Tom Lee, who cited reasons such as a cooling economy, no further interest rate hikes from the Fed, overly bearish sentiment in August, and historically strong performance in September.
The stock market rally faced pressure as rising Treasury yields and Apple's China troubles pushed major indexes below their 50-day moving averages.
U.S. stock investors are closely watching next week's inflation data, which may determine the future of the equity rally, as signs of a soft landing for the U.S. economy have contributed to the S&P 500's gains, but too high inflation could lead to fears of higher interest rates and stock sell-offs.
India's stock market has seen a rally as strong macroeconomic fundamentals and China's economic slowdown keep foreign investors invested in Indian stocks, while a surge in retail investor interest continues to drive the market.
The S&P 500 index has seen impressive gains this year, but one expert believes the rally is coming to an end, citing rising bond yields as the main threat to stock prices.
Wall Street rallied as reports suggested that the US economy is still strong, despite concerns about inflation, with the S&P 500 gaining 0.8% and the Dow Jones Industrial Average rising 1%.
Wall Street stocks struggled to make gains as the Federal Reserve's interest rate strategy and the looming threat of a US government shutdown continued to create pressure, while oil prices rallied, raising concerns about inflation and the Fed's ability to cut rates.
Jim Cramer suggests that the stock market could rally due to a downtrend in oil prices, with major indexes experiencing gains.
Stocks rallied on Thursday, recovering from recent losses, as the S&P 500 rose 0.6% and the tech-heavy Nasdaq Composite gained 0.8%, while the Fed's higher-for-longer stance on interest rates continues to impact markets. Additionally, mortgage rates hit a 23-year high, dampening homebuyer activity, and the US economy showed slightly weaker growth in the second quarter than initially reported.
Investors attempt a risk-on rally as Treasury yields and oil prices stabilize, but concerns over higher interest rates continue to impact sentiment in European and global markets.
Market veteran Ed Yardeni predicts a year-end rally in the stock market, driven by strong corporate earnings and resilient economic growth, despite potential risks from higher interest rates.
The stock market is expected to experience a temporary rally before exhausting itself, according to technical strategist Tom DeMark, who predicts a retracement of the recent decline and a potential 62% replacement of the entire decline.
Stocks on Wall Street experienced a selloff as rising Treasury yields and hawkish comments from Federal Reserve policymakers put pressure on investors and dampened appetite for stocks, with the S&P 500 and Dow Jones Industrial Average both dropping around 1.1% and the Nasdaq Composite down over 1.5%; however, stocks somewhat recovered from their lows in midday trading as investors digested fresh comments from Cleveland Fed President Loretta Mester.
Jim Cramer anticipates a potential stock market rally based on Friday's upcoming nonfarm payroll report, which may influence the Federal Reserve’s decision on interest rates and potentially please the market, although weakness in certain sectors is expected.
The stock market is poised for a relief rally, as several internal indicators have hit oversold extremes after a period of panic selling, according to Fairlead Strategies' Katie Stockton.
The stock market rally ended the week on a bullish note, with major indexes staging an upside reversal and several leading stocks flashing buy signals, including Nvidia, Meta Platforms, Arista Networks, Qualys, Eli Lilly, CME Group, Vertiv Holdings, CrowdStrike Holdings, Cadence Design Systems, and Palo Alto Networks.
Stocks rallied on Friday after a positive jobs report, with employment increasing and wage growth slowing, leading major U.S. indexes to close the week in the black; upcoming reports on producer and consumer inflation will provide further insight for policymakers.
The current rally in stocks since October 2022 is one of the weakest bull markets on record, with elevated valuations and monetary tightening measures limiting upside potential, according to Ned Davis Research.
The Dow Jones Industrial Average rallied as investors shrugged off geopolitical concerns related to Israel's offensive against Hamas, with defense stocks and energy stocks performing well.
Bank of America's report reveals that a typical 15% stock market rally through July is followed by an 8% pullback in August to September, but then a Q4 rally occurs; a video highlights five dividend stocks, including Nvidia, that can take advantage of the year-end rally.
The stock market rally continued to gain ground with Treasury yields tumbling, but the Nasdaq hit resistance at a key level, and several stocks, including Tesla, Super Micro Computer, Uber Technologies, Novo Nordisk, NetEase, and Nvidia, showed new buy signals.
The recent rally in the U.S. stock market is likely a short-term uptick within a longer-term downtrend, as the optimism of stock market timers exceeds historical expectations.
Dow Jones futures, S&P 500 futures, and Nasdaq futures were relatively stable overnight, but the stock market rally retreated due to rising Treasury yields and a poorly received Treasury auction.
The stock market rally had a mixed week with a disappointing finish, as major indexes rose initially but hit resistance, and tech leaders backed off, leading to caution for new buys and a potential sell-off of recent purchases, while Tesla stock held up despite expectations of its worst earnings in two years.
The recent rally in stocks, driven by the belief that elevated bond yields are enough to tighten financial conditions and eliminate the need for further central bank action, is seen as a dangerous view that ignores the threat of higher Treasury yields on stock valuations and competition for risk capital.
The stock market rally faces further losses as volatility increases and the 10-year Treasury yield reaches almost 5%, but there is hope for a bounce as market fear gauges rise; Tesla plunges in volume due to weak earnings and a lack of growth, while stocks like Adobe, Arista Networks, Microsoft, Palantir Technologies, and Meta Platforms are worth watching for potential buying opportunities.
Despite the current strong rally, the American stock market is not expected to reclaim its previous peak in the near future due to geopolitical risks, uncertainty about inflation and interest rates, and political dysfunction in Washington, resulting in a slow grind lower, leaving room for both bullish and bearish sentiments.
The stock market rally faces increasing pressure due to rising Treasury yields and disappointing earnings reactions, including Tesla, J.B. Hunt, Morgan Stanley, Intuitive Surgical, Terex, and United Airlines, while crude oil futures rose amidst Mideast tensions.
The stock market's inability to sustain a rally is a troubling sign as the selloff intensifies.
The stock market's inability to sustain a rally is a concerning sign as the selloff gains momentum.
