Here are the most important news items that investors need to start their trading day: 1. A bumpy beginning 2. Boeing woes continue Boeing shares dropped in premarket trading Monday, after the FAA grounded about 171 of the company’s 737 Max 9 planes. The agency grounded the aircraft for inspections after a panel blew out … Read more
It’s not being talked about enough. This market move off the November lows and the Fed pivot — signaling an end to the central bank’s rate-hiking cycle — is one of the most astonishing and satisfying I have seen in 43 years of investing. In nine weeks, we blew through price targets on so many … Read more
The first week of 2024 is officially in the books – and with it, the end of a nine-week winning streak on Wall Street. The S & P 500 dropped about 1.5% during the holiday-shortened trading week. The Nasdaq was the worst performer this week, losing more than 3% as the Magnificent Seven stocks and … Read more
CNBC’s Jim Cramer on Friday told investors what to watch for on Wall Street next week, highlighting JPMorgan‘s market-moving health-care conference in San Francisco. Taking place from Monday to Thursday, the conference is one of the year’s largest gatherings of major industry CEOs where they reveal earnings guidance and updates on clinical trial research. “The … Read more
CNBC’s Jim Cramer on Thursday predicted the market will continue to broaden through January, suggesting the “Magnificent Seven” tech stocks may take a back seat on Wall Street. He said he’s had “an explosion of positive ideas from every nook and cranny of the market” since the new year started. According to Cramer, the market … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 1, 2023. Brendan Mcdermid | Reuters This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Drew Angerer / Getty Images A year ago, there was little holiday cheer at Affirm. The point-of-sale lender was confronting rising interest rates, recession fears and weakening consumer spending. Affirm shares ended 2022 down 90%, wiping out billions of dollars in market value. Affirm investors are wrapping up 2023 in a much different mood. The … Read more
The top 10 things to watch Monday, Dec. 11 1. U.S. stocks are muted Monday following last week’s push to a new 52-week high in the S & P 500 , helped by a stronger-than-expected jobs report Friday. Good economic news is good news for the stock market, for now, with investors looking ahead to … Read more
Spencer Platt | Getty Images News | Getty Images WASHINGTON — Democratic lawmakers on Thursday praised workers at a New Mexico branch of Wells Fargo for becoming the first branch of the nation’s fourth-largest bank to unionize. “Your success brings the fight for the Dignity of Work directly to Wall Street’s front door,” said Sen. … Read more
U.S. stocks have been trending higher since the Investing Club’s November Monthly Meeting as markets celebrate signs of cooling inflation and a seemingly less hawkish Federal Reserve . Watch our December Monthly Meeting at live noon ET and later on video. The S & P 500 has jumped 5.2% since the market close on the … Read more
