Unemployment jumps to 4.4%
Wall Street posted its worst week since early October on Friday, as Nvidia's blowout quarterly results failed to lift the AI trade and economic data presented a difficult situation for the Federal Reserve. Nvidia easily beat earnings expectations confirming that the...
“Buy the Dip” rescues a dismal week
It was a mixed five days for Wall Street. A boost to sentiment from the end of the longest government shutdown and positive trade developments was offset by continued weakness in the AI trade and hawkish comments from Federal Reserve speakers. This week, Cleveland Fed...
Wall Street finally listens
Wall Street closed out a volatile week lower fueled by worries about the AI trade and valuations.The pullback followed weeks of record highs and light data flow amid the prolonged government shutdown. Sentiment across the country is close to the lowest it has ever...
Stock market is increasingly detached from the economy
Wall Street closed out October with a six month positive run, underscoring the market's remarkable recovery from April's lows. Sentiment this week was lifted by big tech earnings and positive trade developments, along with another interest rate cut by the Federal...
Inflation climbs but the rally goes on
Wall Street on Friday posted its best week since early August, driven by a combination of strong earnings and optimism over trade relations between the U.S. and China. Most attention, however, was on the consumer price index (CPI) report for September - inflation rose...
Investors remain bullish, but yellow flag is waving
It was a topsy-turvy week for Wall Street, though the three major averages managed to post solid gains.There was ongoing trade tensions between the U.S. and China, a government shutdown that shows no sign of ending, the start of the third quarter earnings season, and...
Gold wins as stocks tumble
The stock market on Friday slumped to their worst week since late May. The decline was primarily driven by a sharp sell off on Friday, triggered by the resurgence of trade war concerns. Heading into Friday, the S&P 500 was actually positive for the week and was...
And the stock market rally goes on..
Wall Street on Friday advanced more than 1% for the week, with the S&P 500 index hitting 6700 points for the first time ever, as traders shrugged off concerns over the U.S. government shutdown and its effect on economic data. One of the biggest casualties of the...
Is the economy strong or weak?
Wall Street snapped a three week win streak on Friday, despite the central bank delivering its first rate cut in nearly nine months, citing increased downside risks to the labor market. The final estimate of Q2 GDP growth was revised up to an annual rate of 3.8% from...