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A Starbucks location in New Orleans will join 16 other stores that were closed in recent weeks due to crime and safety concerns. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. West Texas Intermediate crude oil fell 3.57% to $85.32 per barrel. Brent crude, oil’s international benchmark, dropped 3.29% to $91.00. Railroad stocks surged after unions struck a deal to avert a strike, with CSX, Norfolk Southern, and Union Pacific all gaining about 3%. Jobless claims fell for a fifth straight week to 213,000, below economist estimates for 227,000. It indicates a way to close an interaction, or dismiss a notification.

  • US stocks closed lower on Thursday, extending their inflation-induced decline that started with Tuesday’s drop of over 4% in the S&P 500.
  • Instead, prices rose, giving investors a collective heart attack over the Fed’s plans to curb inflation.
  • The pan-European Stoxx 600 was down 1.2% in the first hour, and U.K., French and German indexes all fell.
  • Inflation trajectory and the actions of global central banks, especially the US Fed will be keenly watched by market …

The announcement raised investors’ concerns about inflation and interest rates. All three major U.S. stock indexes slid to levels not touched since mid-July, with the S&P 500 closing below 3,900, a closely watched support level. Powered and implemented byFactSet Digital Solutions.Legal Statement. Investors are concerned that the Federal Reserve’s response to Tuesday’s report could hurt the US economy — possibly sending it into a recession. The CNN Business Fear & Greed Index, which measures seven gauges of market sentiment, is once again showing signs of Fear on Tuesday as the broader market plunged.

The S&p 500 Sank 5% In A Very Bad Week For Stocks These 20 Lost As Much As 24%

The Dow was down 1,300 points, or 4%, with minutes to go before the closing bell mercifully rings on Wall Street. The S&P 500 and Nasdaq plummeted 4.3% and 5.2% respectively. The end of the trading day will temporarily stop the selling. But investors have another inflation report to (fear? dread? seems unlikely that anyone is looking forward to it) on Wednesday. With stock prices sliding, dividend yields are rising, enabling investors to generate more income from new investments. Tech stocks suffered yet another sell-off this week as investors digested a hotter-than-expected August inflation report. "With continued declines in energy prices, the median expected year-ahead inflation rate declined to 4.6%, the lowest reading since last September," Surveys of Consumers director Joanne Hsu wrote.

stock market news today

"Uncertainty over short-run inflation reached levels last seen in 1982, and uncertainty over long run inflation rose from 3.9 to 4.5 this month, well above the 3.4 level seen last September," Hsu added. During the crisis, the S&P 500 first closed below its 200-day on Dec. 27, 2007, and did not close back above the technical support level until Adidas stock June 1, 2009. "With the weakness from positioning, sentiment and liquidity premia priced in, the market narrative is slowly shifting back toward structural tightness as the winter season looms on the horizon," the firm added. The Dow Jones Transportation Average tumbled as much as 6% Friday morning, reaching a low last seen in February 2021.

Oil Rises, But On Track For Losing Week

The yield on the U.S. 2-year Treasury note briefly reached 3.901%, before pulling back slightly to 3.8921% in Asia’s morning trade. The pan-European Stoxx 600 was down 1.2% in the first hour, and U.K., French and German indexes all fell. Analyst Emmanuel Rosner upped his price target on Tesla to $400 from $375 a share, citing the Inflation Reduction Act’s battery production credits and elevated production at its Texas and Berlin facilities.

Ether fell as much as 9% as the merge was viewed as a "sell the news" event. Apple has unseated Tesla as the most-shorted US stock – after Elon Musk’s EV company held the title for 864 days, according to data from S3 Partners. Investors are now keenly focused on what the Fed will do with interest rates at next week’s meeting of the FOMC.

As fears of a recession began to rise this summer, many portfolio managers and strategists have predicted that projected earnings growth for 2023 will prove to be too high. The University of Michigan’s monthly index of consumer sentiment rose 1.3 points to 59.5 from 58.2 in August. Stocks had been on a four-day winning streak prior to Tuesday’s plunge. One strategist suggested that there could be more market pain ahead. Traders may have made the mistake of assuming that inflation would soon no longer be a major economic problem. The market is worried that hotter-than-expected inflation will prompt the Federal Reserve to raise interest rates more aggressively, inflicting serious damage to the US economy in the process. Other market data may be delayed by 15 minutes or more.

Sector Performance

With continued declines in energy prices, the median expected year-ahead inflation rate declined to 4.6%, the lowest reading since last September. It was a broad-based slide, with all eleven sectors of the market heading lower. Tech stocks, retailers and banks were among the biggest losers. Those three groups stand to get hit the hardest if the Federal Reserve raises interest rates even more aggressively to try and get inflation under control. Every weekday afternoon, get a snapshot of global markets, along with key company, economic, and world news of the day.

More In Stocks

Amid a tough year for the sector, some investors are seeking refuge in the relative safety of mega-cap stocks. Top tech investor Paul Meeks weighs in on two such stocks and reveals which he prefers in the current environment. All sectors DotBig were in the red as energy, industrial and auto stocks dropped more than 2% each. Shares of Alcoa have dropped 18% over the last week as fears rise around a coming economic slowdown, which would cut demand for metals like aluminum.

Jeff Saut, of Saut Strategy, and Lisa Erickson, of U.S Bank Wealth Management, join ‘Closing Bell’ to share their opposing views on whether or not investors should buy U.S. equities. This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Yahoo Finance’s Jared Blikre spoke with President Computer Trading Corp., Peter Borish about trading and investing in stocks. History shows "premature easing could result in a fresh wave of inflation, and that market volatility in the short-run may be a smaller price to pay." The Fed may ‘just get it over with’ by raising rates as much as 100 basis points at the next meeting and then hiking …

But not every purveyor of food, beverages, and other essentials will hold up as well in a downturn. Newsroom articles are published by leading news agencies.

As investors debate whether high inflation can be resolved without a recession, Goldman Sachs analyzed how different the market could look if the pessimistic view materializes. There are uncertainties at every step, the firm’s Dominic Wilson said in a note Friday. The major market averages opened sharply lower on Friday morning, with the Dow falling more than 300 points. The University of Michigan’s consumer DotBig sentiment index preliminary September reading came in at 59.5, just below a Dow Jones estimate of 60. That print was still slightly above August’s final reading of 58.2. "Energy prices are showing signs of stabilizing, despite the prevailing risk-off market tone," TD Securities said Friday in a note to clients. The Treasury market appeared to calm down in midday trading after a volatile week.

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