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Stocks Rally With Google, Tesla At The Helm, But Rising Oil Prices Spark Inflation Fears: What's Driving Markets Monday?
2024 Mar 18, 2:01pm | 828Wall Street started the new week on a strong footing, as all major U.S. indices displayed gains during midday trading on Monday, highlighting investor confidence in the continued growth of AI-driven stocks. The S&P 500 surged by almost 1%, while the tech-skewed Nasdaq 100 staged an even...
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Fed Meeting Preview: These 2 Wall Street Analysts Still Expect 3 Cuts In 2024, But Bond Market Reflects Growing Uncertainty
2024 Mar 18, 11:35am | 678Investors are on the edge as the Federal Open Market Committee (FOMC) prepares for its pivotal meeting this Tuesday and Wednesday, marking the most significant market event of the first quarter of 2024. With the rate decision anticipated to hold steady, all eyes are intensely focused on the so-...
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Stag Week
2024 Mar 18, 8:44am | 563Stag Week The Fed cutting ‘cause they can, immaculate disinflation, best case scenario, took a significant hit this week due to a hotter than expected CPI, led by non-housing services, and PPI heating back up. The components that feed into the Fed’s benchmark inflation measure, the PCED...
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Nasdaq, S&P 500 Set For Strong Open As Nvidia AI Conference Buzz Eclipses Fed Jitters: Analyst Tells Why Investors Should Shrug Off March Slackness
2024 Mar 18, 7:37am | 1283Traders seem poised to overlook their inflation concerns as they anticipate the Federal Open Market Committee meeting scheduled for the week with optimism. Early Monday, stock futures showed mostly upward movement, with the tech sector potentially leading the way. Nvidia Corp.’...
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Inflation Rattles Markets Ahead Of Fed Meeting; AI Stocks, Crypto Pause As Gold, Oil Advance: This Week In The Markets
2024 Mar 15, 4:39pm | 685Inflation reports unveiled in the week preceding the Fed meeting brought an unwelcome news to investors. Prices pressures surged more than expected in February, creating a headache for Federal Reserve Chair Jerome Powell, who had been pushing for greater confidence regarding the disinflationary...
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Inflation Squeezes Stocks, Bitcoin Slips To $68,000, While Commodities On Track For Best Week In Months: What's Driving Markets Friday?
2024 Mar 15, 2:12pm | 889Wall Street continues to maintain a risk-off sentiment in Friday’s session, echoing the pessimism triggered by Thursday’s unexpectedly high producer inflation figures. Major stock indices flashed red, with the tech-heavy Nasdaq 100 once again trailing, while only small caps and energy...
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US Economy Shifts 'From Goldilocks To Stagflation': Top Wall Street Analyst Explains Why Crypto, Gold Are At All-Time Highs
2024 Mar 15, 11:17am | 682Bank of America’s chief investment strategist, Michael Hartnett, expects the U.S. economy to shift in 2024 from a ‘goldilocks’ phase into a ‘stagflation’ scenario. This transition is characterized by a slowdown in growth to below 2%, while inflation stubbornly hovers...
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Powell At Crossroads As Inflation Bites Again: Fed Needs To 'Get Going On The Rate Cuts They Have To Make' Former Governor Says
2024 Mar 15, 9:50am | 1031If there’s something that’s likely to keep the markets on edge in the upcoming days, it’s undoubtedly the eagerly anticipated Federal Open Market Committee (FOMC) meeting scheduled for March 19-20, 2024. While the decision regarding interest rates seems all but set, with the Fed...
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US Stock Futures Show Resilience As Traders Anticipate Relief From Upcoming Fed Meeting: Analyst Highlights 2 Key Investment Themes For The Year
2024 Mar 15, 7:21am | 1302The market mood appears to have improved after Thursday’s inflation-induced sell-off, with stock futures rising modestly early Friday. Earnings news has been largely negative, potentially acting as a pushback. Bond yields are slipping as traders continue to harbor hopes that the Federal...
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JP Morgan Chase Fined $350M For 'Deficient Trade Surveillance'
2024 Mar 14, 5:10pm | 537The Board of Governors of the Federal Reserve and the Office of the Comptroller of the Currency (OCC) on Thursday announced nearly $350 million in civil money penalties against JP Morgan Chase & Co. (NYSE:JPM) The OCC announced a $250 million penalty against...
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Stocks Fall As Hot Inflation Data Derails Fed Cut Bets, Bonds Tumble, VIX Rallies, Oil Tops $80: What's Driving Markets Thursday? (CORRECTED)
2024 Mar 14, 2:23pm | 1131Editor’s note: This story has been corrected to reflect that Fisker is reportedly considering bankruptcy, but has not filed for bankruptcy. Traders received a cold shower on Thursday as hopes for a rate cut were dashed, with February’s Producer Price Index (PPI) inflation figure...
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Rising Producer Prices Spark Inflation Concerns: Are Fed Rate Cuts At Risk? 7 ETFs To Watch
2024 Mar 14, 12:19pm | 879If Fed Chair Jerome Powell had signaled a desire for increased confidence in inflation descending towards the 2% target, this week’s two inflation reports would undoubtedly have left him disappointed. In February, price pressures in the U.S. economy surged unexpectedly, challenging the...
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Wall Street Eyes Strong Start Ahead Of More Inflation Data, Gold & Bitcoin Dip: Why This Analyst Looks Beyond AI For Growth
2024 Mar 14, 7:39am | 1472As traders harbor hopes that the Federal Reserve will take down interest rates in the first half of the year, the broader trend is to the upside amid occasional minor corrections. Stock futures are pointing up on Thursday. The February producer price inflation and retail sales data could direct...
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Will Thursday's Crucial Inflation Report Give Markets Clarity? Expectations For Fed Rate Cuts, Producer Prices Among Items To Look At
2024 Mar 13, 5:29pm | 595Another pivotal inflation indicator is poised to capture market attention this Thursday, as the Bureau of Labor Statistics will release of the Producer Price Index (PPI) report for February. On the consumer front, inflation nudged upwards to 3.2% year-on-year last month, defying expectations of a...
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5 Things To Know In Investing This Week - The Powell Just Hit The Panic Button Issue
2024 Mar 13, 9:12am | 2696This week, Jerome Powell spoke to Congress and was more dovish than he’s been in years. He’s gone from channeling former Fed Chairman, Volker, who crushed inflation with interest rates approaching 20% to sounding like Volker’s predecessor, Arthur Burns, who reduced interest rates...