The US stock markets will be closed on Thanksgiving Day, November 23, and will reopen on Friday with reduced hours, while the US bond market will also be closed on Thursday and will close early on Friday; Thanksgiving marks one of the last market closures for 2023.
Oil markets are focused on the upcoming OPEC+ meeting, with reports suggesting possible deeper cuts, but there is a lack of unity among OPEC members on the issue.
Home sales may have their worst year in 30 years as sales slumped in October, mortgage rates surged, and inventory remained low, creating the least affordable housing market in decades.
Investors are growing more optimistic about the market's recovery, but BlackRock's Chief Investment Strategist warns that their bullish sentiment may be misguided as there are still several factors weighing on the economy such as conflicts in the Middle East, high mortgage rates, and a slow-moving Congress, and expects the Fed to begin cutting interest rates in the second half of 2024.
Stocks fell on Tuesday as investors awaited the earnings report from AI chipmaker Nvidia and the release of Federal Reserve minutes, and retail earnings disappointed with several companies experiencing a decline in sales, while stock futures also indicated a pause in the rally.
The text provides information about a biweekly Auto Market Report series led by Chief Economist Jonathan Smoke, which offers insights and data on the auto industry.
The black market consists of illegal economic activities, such as the sale of drugs and weapons, which deprive governments of tax revenue and fund criminal enterprises.
The housing market experienced its slowest pace of home sales since 2010, potentially making it the worst year for sales since the early 1990s, due to high mortgage rates and low inventory, but there is hope that affordability will improve and sales will pick up in the coming months as interest rates have fallen.
By age 40, financial experts generally recommend having three times your household income saved for retirement, with a portion of that invested in the stock market according to your risk tolerance and financial goals.
The equity market is expected to experience modest gains in 2024 due to declining inflation and a return to profit growth, but there are various risks that could hinder this outlook, such as slowing inflation, geopolitical conflicts, and uncertainty over interest rates; investors can mitigate these risks by utilizing defensive strategies, yield-generating strategies, hedging portfolios, adding exposure to gold, and diversifying with alternative investments.
The outlook for the dollar suggests a potential pushback due to underlying conditions in opposition to current pricing, as seen with the dollar gaining during the Trump administration despite bad policies, and tensions in the yen point to a breaking point, while the Canadian dollar remains weak due to concerns about core sticking points despite the Bank of Canada being done hiking.
The S&P 500 has experienced a "Santa rally" with a 10% increase since late October due to AI, cooling inflation, and a resilient economy, but this early market surge may result in a quiet December.
ABVC BioPharma has been granted a U.S. patent for the use of PDC-1421, a botanical extract, in the treatment of Attention Deficit/Hyperactivity Disorder (ADHD), with the patent granting exclusivity until 2040.
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Metro Phoenix is expected to be one of the hottest U.S. real estate markets in 2024, ranking No. 2 on a list of the top areas for growth and investment, according to a national survey.
The recent reprieve in the bond market and the powerful rally in the S&P 500 may be short-lived, as the next debt scare could potentially rock the US economy and stock market due to the broken federal budget and rising national debt, indicating a need for fiscal responsibility and action to avoid a debt spiral.
The biggest pre-market stock gainers include TCON, LQR, and MCAF, while the top losers are RELI, MOR, and SBSW.
The future of Karl-Anthony Towns with the Minnesota Timberwolves is uncertain but not necessarily ruled out, with trade talks dependent on the right offer; the Washington Wizards may not consider Jordan Poole a cornerstone player; Alex Caruso and Patrick Williams are generating the most trade interest from rival teams in the Chicago Bulls; the Golden State Warriors may reach a breaking point with Jonathan Kuminga if his role doesn't change; the Sacramento Kings are looking to be involved in trades for star players but are limited in terms of draft capital.
Stock futures fall as investors await Nvidia earnings and Federal Reserve minutes, signaling a pause in the November rally.
The global seed coating market is projected to reach USD 3.1 billion by 2028, with a compound annual growth rate (CAGR) of 8.5%, driven by factors such as increasing labor and land costs, demand for high-quality agricultural output, and advancements in seed-coating technologies. Seed coating enhances seed germination, vigour, and crop yields while reducing the reliance on pesticides and herbicides.
Bitcoin (BTC) is approaching 18-month highs and on-chain data suggests that bid support from a major liquidity provider may be shaping the market, with some analysts predicting a potential breakout to $40,000 followed by a swift breakdown.
The housing markets in major cities across the United States, including New York City and Miami, have rebounded after the initial impact of the COVID-19 pandemic, with rising home prices and rents attracting residents back to urban areas. However, cities like San Francisco and Washington, DC are still in the process of recovering, and challenges such as high prices and limited housing supply remain. Despite these challenges, experts do not anticipate a significant exodus from major cities in the future.
Stock futures slip as investors believe the Federal Reserve is done raising interest rates.
The fading importance of the Cushing oil-storage hub in the US is reducing it as a signal for domestic supply and demand, as the US's increasing integration into the global oil market shifts attention to the country's main export center on the Gulf Coast.
The "Magnificent Seven" mega-cap stocks, including Microsoft and Nvidia, saw their combined market cap increase by $150 billion in a single day as investors' focus on artificial intelligence drove their share prices to new all-time highs.
Investors should consider buying shares of Fiverr International and Portillo's as Wall Street analysts predict potential gains of 82% and 77% respectively over the next 12 to 18 months.
The global primary care point-of-care (POC) diagnostics market is expected to reach USD 26.17 billion by 2030, driven by increased efficiency in clinical operations, cost and time savings, and advancements in technology.
The head of the International Energy Agency (IEA) warns that the oil market is "on edge" due to the crisis in the Middle East, although there hasn't been a significant effect on market prices yet.
Tighter financing conditions have decreased the affordability and demand for real estate assets, causing downward pressure on prices and increasing debt service costs for existing borrowers, with commercial real estate firms facing more severe challenges than residential real estate. While banks have smaller exposures to commercial real estate, losses in this segment could amplify a wider shock.
European stock markets had a mixed opening as traders considered the US interest rate outlook, with the FTSE 100 and CAC 40 declining while the DAX rose slightly.
The British pound remains supported by a weaker US dollar and hawkish statements from the Bank of England Governor, while UK debt and FOMC minutes are factors to watch. GBP/USD faces resistance at 1.2548.
Platinum is projected to experience a significant deficit in supply due to rising industrial and automotive demand, making it attractive to investors, according to the World Platinum Investment Council.
DraftKings, Riot Platforms, and Li Auto are three growth stocks that are expected to perform well in 2024 due to positive financial metrics, strong fundamentals, and anticipated revenue and cash flow growth.
Risk assets in Asia are charging higher on the expectation that the Federal Reserve will cut rates next year, with the MSCI Asia-Pacific index on track for its best monthly performance since January and Japan's Nikkei staying close to a 33-year high; investors will be closely watching the Federal Reserve's minutes later in the day for clues on future rate movements.
European equities are expected to underperform US equities due to the absence of major tech stocks, but Europe may benefit from its exposure to the Chinese economy, as evidenced by positive German business survey data, including the flash PMI and IFO.
The weakening dollar against its peers indicates expectations that the Federal Reserve is finished with rate hikes and may cut rates early in the new year.
The Sacramento Kings are positioned to make a big trade and are seeking to improve their defense in order to become championship contenders.
Asian shares climb to two-month highs on the expectation that the US Federal Reserve is likely done with interest rate hikes, while the dollar remains near its lowest in two-and-a-half months.
The hydrocarbons accounting solution market is projected to expand at a CAGR of 4.8% through 2033, driven by factors such as rapid technological advancements, global shift towards sustainable practices, and the integration of renewable energy sources.
The U.S. stock and bond markets will be closed on Thanksgiving Day, with early market closes on the Friday after Thanksgiving; Black Friday sales are becoming less important to retailers, and the impact on the stock market is expected to be minimal; Nvidia's earnings report is highly anticipated and may result in significant stock price swings; Home Depot stock is overvalued, while Lowe's is fairly valued; Target's recent earnings beat was considered a low-quality beat; Walmart's third-quarter numbers were as expected, but the stock fell due to a slightly lower-than-expected forecast; Exxon Mobil's entry into the lithium production industry may have both positive and negative effects on current lithium producers and stocks; Morningstar suggests three tax-loss swaps for investors to consider before year-end: selling Xerox and buying Salesforce, selling CrowdStrike and buying Fortinet, and selling American Airlines and buying Norfolk Southern.
Asia-Pacific markets mostly rose on Tuesday, with Chinese property stocks leading the gains, after reports that Chinese regulators are preparing a list of 50 developers eligible for various financing options; meanwhile, Asian chip stocks also climbed following a tech rally on Wall Street.
Long-running supply and demand imbalances in the Eurozone will likely lead to higher interest rates for a longer period of time than expected by most markets, according to Nataxis research.
Citigroup's stock closed slightly lower, while the S&P 500 and Dow Jones gained, ahead of the company's upcoming earnings release, which is expected to show an upward movement in both earnings and revenue compared to the previous year.
Tilray stock drops 0.82% as market experiences overall gain; stock closes $3.31 below 52-week high.
Stock indices closed higher, with gains for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average, while the Utilities sector was the biggest loser and the Technologies sector led the session, and U.S. 10-Year Treasury yield and Two-Year Treasury yield remained steady; Christopher Wood of Jefferies noted the influence of the seven largest tech stocks goes beyond Wall Street and accounts for over 17% of the MSCI World Index, but warned their valuations may become vulnerable to tightening monetary policy; U.S. futures were down to start the week, and notable earnings this week include Zoom Video, Nvidia, Baidu, Lowe's, and Deere.
Target-date funds have seen significant growth in recent years and have become a popular option for retirement savings, providing investors with a diversified portfolio that adjusts based on their expected retirement date and reducing market fluctuations.
The Nikkei index is on track for its biggest monthly gain in three years, as it continues to rise and set a three-decade high, driven by strong earnings and offshore demand, while the resurgent yen reached a 6-1/2 week high against the dollar.
Exxon Mobil Corp. stock declined by 0.44% despite a favorable trading session for the stock market, with the S&P 500 and Dow Jones Industrial Average both rising.
Microsoft Corp. stock rallied to a new 52-week high, reaching $377.44, as the overall stock market saw positive gains.
The percentage of rental listings offering concessions to prospective tenants has increased from 24% to 30%, indicating a potential leveling off of rent growth, according to Zillow. The rise in concessions is attributed to a construction boom that has provided more rental options for tenants, particularly in areas with multifamily developments like Phoenix and Atlanta. However, rent hasn't decreased yet, with a 3.2% year-over-year increase in the last month. Homeowners selling properties have also resorted to concessions due to high mortgage rates and elevated home prices.