The Dow closed higher and reached a new record closing high as tech stocks recovered from the previous day's selloff, ahead of the release of the monthly jobs report.
Stocks could drop 30% over the next few years due to the Fed potentially cutting rates too early, causing inflation to rise and investors to flee the market, warns Smead Capital portfolio manager Cole Smead.
Renowned author Naomi Oreskes argues that the idea of a free market is a creation to defend corporate power and that the narrative of loathing government and loving the free market is a myth promoted by the business elite.
Israeli stock and bond prices continue to rise and the shekel strengthens despite ongoing conflict in Gaza, leaving many investors unfazed.
China's economic policy has been inconsistent and ineffective, leading to a slowdown in construction, declining manufacturing prices, and a fall in stock markets, raising doubts about the government's ability to revive confidence and growth.
Hong Kong's stock market investors can expect a turbulent ride in the Year of the Dragon, with market weakness likely to persist in the first half and the possibility of a recovery later in the year, according to CLSA's Feng Shui Index. Fire will replace earth as the guiding element, supporting breakthroughs in technology, medicine, and chemistry, while earth-related industries may perform well, and the metal sector may face difficulties. Wood-related businesses should remain stable or experience growth.
The United States is experiencing high demand for single-family homes due to limited supply caused by low mortgage rates, inflation, and global supply chain disruptions, but housing inflation has stabilized and interest rates are expected to decrease, which could lead to a strong residential housing market in 2024.
The Red Sea disruption caused by Houthi attacks on commercial vessels is changing European trade patterns for oil products across the barrel, impacting the European supply-demand balance for key oil products, according to S&P Global Commodity Insights' experts.
U.S. futures rise as Federal Reserve indicates potential interest rate drop, while at the same time medical devices company Align Technology and railroad operator Norfolk Southern experience share price increases; upcoming quarterly financial numbers from Amazon, Apple, and Meta Platforms are also anticipated.
World shares were mixed as Wall Street experienced its worst loss since September due to indications from the Federal Reserve that interest rate cuts are not imminent.
The article discusses the bull and bear cases for the market performance in 2024, with both cases calling for a multi-month drop in mid-2024, but the author suggests that the bull case, which predicts a multi-year bull run, is a low probability outcome.
The Federal Reserve's decision to keep interest rates steady and Chairman Jerome Powell's cautious stance on rate cuts caused tumultuous market reactions, leading to the worst session for Wall Street since September 2023.
As the use of robots and AI in production processes becomes more widespread, the dominant economic theories that assume human labor is essential for production are no longer applicable, and alternative economic theories are needed to address the potential for a labor-less economy and the resulting unemployment. Additionally, the rise of AI and automation poses a threat to both democracy and the market economy, and measures such as a basic minimum income guaranteed by the government may be necessary to address these challenges.
European stocks slightly lower after Bank of England holds interest rates and euro zone inflation figures show a mixed picture; BNP Paribas shares fall as it reports a quarterly sales miss and pushes back profit target; Volvo Cars soars after announcing it will stop funding subsidiary Polestar Automotive; Deutsche Bank posts higher-than-expected fourth-quarter net profit; Adidas expects to nearly double operating profit in 2024.
Dow Jones futures and other market futures rose slightly after a sell-off due to Fed chief Jerome Powell's comments about a rate cut in March being unlikely, causing investors to be cautious about new buys and consider taking profits.
Applied Materials' revenue growth in China has been underwhelming in recent years, but its revenue from the US and Europe has grown robustly and is expected to support its future growth outlook as top customers like TSMC, Samsung, and Intel expand production in those regions. The company's market share in the semiconductor equipment market has also strengthened, and it continues to focus on R&D initiatives to maintain its competitive position. However, there are potential risks related to US sanctions and violations of export regulations.
Analysts Brager and Stratton caution that the wine and spirits industry faces a challenging road ahead due to economic headwinds, changing consumer tastes, and decreased demand, requiring collaborative efforts from all industry tiers for success.
Novo Nordisk forecasts continued double-digit growth as it boosts supplies of its weight-loss drug Wegovy and expands into new markets, amid competition from Eli Lilly.
About 100 tankers carrying 56 million barrels of crude oil and fuels have been diverted from the Red Sea due to attacks by Yemen's Houthis, leading to a drop in oil flow from the Middle East to Europe by nearly 50%.
The market no longer expects an interest rate cut in March due to strong economic data, including higher inflation and robust retail sales, suggesting that the Federal Reserve is unlikely to start cutting rates until the end of the second quarter at the earliest. The Fed's focus on achieving its 2% inflation target and the potentially more hawkish stance of the new FOMC members also indicate that a rate cut is unlikely in the near term. However, balancing the dual mandate of inflation and economic growth will pose a challenge for the Fed in 2024.
Danish pharmaceutical company Novo Nordisk's strong annual results, fueled by the success of its diabetes and weight loss drugs, have had a positive impact on Eli Lilly's stock price, as it also has similar products in its portfolio.
Eli Lilly stock saw a slight increase due to strong annual results from rival pharmaceutical company Novo Nordisk, which is known for its popular diabetes and weight loss drugs, signaling potential benefits for Eli Lilly's own similar product line.
Demand for office space in Manhattan is on the rise, with a nearly 40% increase in 2023 compared to the previous year, according to a report by VTS, indicating a potentially strong rebound for Manhattan's office market.
Declining mortgage rates and a strong economy may boost the housing market and improve affordability, leading to a potential turnaround from last year's struggles.
Ares Capital (ARCC) ended the recent trading session with a -1.84% swing from the previous day's closing price, underperforming the S&P 500 but outperforming the Finance sector, while upcoming earnings and analyst estimates may impact the stock's near-term performance.
Medical Properties (MPW) stock closed at $3.10, down 1.9% from the previous day, and has fallen 37.55% in the past month, with analysts closely monitoring its upcoming earnings disclosure, which is projected to show a 32.56% decline in EPS and a 30.81% decline in revenue compared to the previous year.
Stock market valuations and returns should be based on inflation-adjusted dollars, as the erosion of the dollar's value can lead to real losses in purchasing power and inadequate nominal gains, making investing in an inflationary period challenging.
Asia's stock markets face uncertainty as they react to negative reactions from Wall Street and await the Federal Reserve's statement and the U.S. payrolls report.
Pay and benefits for American workers grew at the slowest pace in two and a half years in the final quarter of 2023, potentially affecting the Federal Reserve's decision on when to cut interest rates.
Despite the strong performance of megacap technology stocks driving gains in the US stock market, some stocks from the previous year continued to struggle, with China ETFs and clean-energy ETFs experiencing significant losses in January.
IndyCar is in talks with various media companies, including NBC, The CW, Fox Sports, and Apple, regarding its media rights, as the series seeks an increase in its rights fee after a three-year extension with NBC expires this year, with the sport benefiting from a resurgence in interest across motorsports and its best viewership since 2011.
A major mixed-use village in Santa Clara will replace planned office space with manufacturing and industrial spaces, totaling up to 1.6 million square feet, due to shifts in the commercial real estate market and the decreased demand for offices.
### Summary The S&P 500 Heatmap (SPX) provides a visual representation of the performance of major stocks in each sector, offering insights into the stock market's activity for the day.
US stocks, particularly tech stocks, retreated following the Federal Reserve's decision to hold interest rates and Chair Jerome Powell's comments hinting that rate cuts in March are unlikely, which disappointed investors.
The Federal Reserve maintained interest rates and emphasized the importance of inflation and economic expansion, resulting in a stronger US dollar, while other currencies such as the euro and British pound remained largely unchanged.
The buyout market in the NBA has become increasingly important for contenders as they lack the assets to make trades, and this season, due to restrictions on signing bought-out players, more teams are locked out of the market, creating opportunities for teams like the Minnesota Timberwolves and the Los Angeles Lakers to become potential buyers; players to watch for on the buyout market include Gordon Hayward, Kyle Lowry, P.J. Tucker, Delon Wright, and Joe Harris.
Fundstrat's Tom Lee believes that the positive January performance of the stock market suggests that his year-end price target for the S&P 500 of 5,200 may be too conservative, with the possibility of it reaching 5,500 or higher.
Wells Fargo Investment Institute predicts that the Federal Reserve's decision to maintain interest rates will not hinder the overall market momentum, but may moderate short-term gains, and advises investors to favor large-cap stocks over small ones.
The January Barometer indicates that if the S&P 500 posts a gain in January, it will likely perform well for the rest of the year, and with a 2% rally in January, the stock market appears to be on track for another year of gains.
Stocks fell on Wednesday after the Federal Reserve announced it would keep rates steady, signaling that rate cuts are not imminent and dampening investors' hopes for cuts in the near future.
Russian billionaire Dmitry Rybolovlev lost a nearly decade-long legal battle against art dealer Yves Bouvier in a Manhattan courtroom, with the jury ruling that auction house Sotheby's did not aid and abet Bouvier's alleged fraud in art sales, highlighting the lack of transparency and secrecy that plagues the art market.
Pfizer's stock has been underperforming, with declining revenues and a fall in share price, despite the strength of its product portfolio and pipeline, but there are potential opportunities for recovery in the long term through its M&A efforts and focus on key pharmaceutical markets.
Fundamental analysis using on-chain data is becoming a new way to research and invest in crypto assets, as it provides insights into cash flows, user activity, and other metrics, leading to a maturation of the crypto markets in the future.
Despite expected declines in mortgage rates, the CEO of PulteGroup believes that it is unlikely to lead to a significant increase in homeowners selling their houses due to the current shortage of inventory and the affordability challenges in the market.
The global web3 developer space grew in 2023, with Ethereum experiencing a significant increase in software developer kit (SDK) installs, according to a report by Alchemy's Web3 Development Report for 2023.
Stablecoin issuer Tether reported record-breaking profits of $2.85 billion last quarter, primarily driven by interest earned on investments and appreciation of assets like Bitcoin and gold, as its flagship token USDT approached a $100 billion market cap.
Stocks are mostly lower as investors navigate through megacap earnings and the outcome of the Federal Open Market Committee (FOMC) decision, with MarketWatch providing live coverage of the Fed interest-rate decision and Jerome Powell's press conference.
Kia has surpassed Hyundai in market value for the first time since 2001, with the launch of new affordable electric vehicles (EVs) contributing to its success. Kia plans to continue its growth by introducing several low-cost EV models and expects its EV sales to grow by 50% this year. The automaker aims to sell one million EVs by 2026 and have a full electric lineup by 2030.
Starbucks has cut its yearly sales forecasts and missed market expectations due to boycotts in the US and Middle East amid the Israel-Hamas conflict and accusations of misrepresentation on social media, with sales outlook now lowered as spending weakened globally.
The article discusses the new bull market and provides three top stocks to buy in this market: Apple, Tesla, and Nvidia.