Stocks retreated on Monday after a strong rally the previous day, driven by a credit downgrade of a few banks and weak retail earnings. Despite this, stocks resumed their upward trend on Wednesday following the release of positive economic data.
Gerry Sparrow
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Rising bond yields weighed on stocks throughout the week, as economic data pointed toward a potential need for further rate hikes. China's flailing economic recovery and warnings of potential bank downgrades added to the market's woes.
When people are out of the office, the financial markets often see less trading, which can cause big price swings following news events.
As the Federal Reserve evaluates its next move on short-term interest rates, it's essential to consider the recent shift in wage growth and inflation.
The market's recent bounce may be a sign that the recession narrative has been put on hold, at least for now.
The recent drop in inflation was a significant event, with the core CPI rising just 0.16 percent, the lowest reading in more than two years.
The economy is slipping into an expansion rather than moving toward a recession, with the first quarter gross domestic product expanding at a 2% rate and the job market appearing in good shape.
Home builders' confidence edged into positive territory for the first time in 11 months, aided by strong demand, low inventory, and a recovering supply chain.
The term 'bull market' is often tossed around, but what does it really mean? In this article, we'll explore the definition and whether we're currently experiencing one.
Federal Reserve officials kept rates steady at last week's Federal Open Market Committee meeting, but a majority of committee members indicated at least two more quarter-point rate hikes were likely before year-end.
Juneteenth, also known as Emancipation Day or Freedom Day, is a day marking the emancipation of enslaved people in the United States. On June 19, 1865, Major General Gordon Granger arrived in Galveston, Texas, to proclaim the freedom of all enslaved individuals.
Stocks surged higher in the closing days of a holiday-shortened trading week, ignited by a political resolution on raising the debt ceiling and a strong employment report.