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The blockbuster stock market rally stalled once the calendar flipped to 2024. Some of the big tech stocks that drove the market’s advance last year appear to have run out of gas, government-bond yields have risen and inflation might not be cooling as quickly as some investors had hoped. After a rocky start to the month, the S&P is clinging to a 0.3% advance in January.
The Stocks Investors Are Putting Under the Tree
  + stars: | 2023-12-03 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
Victoria’s Secret shares are up 52% since mid-November although it reported a second consecutive quarterly loss on Wednesday. Photo: Angus Mordant/Bloomberg NewsRetailers are making modest predictions about the holiday shopping season—and their stocks are going gangbusters in response. Victoria’s Secret , Foot Locker , Ulta Beauty and Dollar Tree are among the companies that offered somewhat mixed assessments of the state of the shopper last week. Yet each received an ovation from investors.
Persons: Angus Mordant Organizations: Bloomberg News Retailers
Big tech stocks led much of this year’s rally. Now the rest of the market is rushing in. Several beaten-down corners of the stock market are rebounding to help drive a surge that has lifted the S&P 500 by 3.3% since mid-November and 19% for the year. Among the biggest gainers: sectors that had been bruised by higher interest rates and recession fears.
Smaller, speculative companies are in the midst of a furious autumn stock-market rally, but they still have an interest-rate problem. The S&P 600, an index of small companies with an average market value of $1.8 billion, has climbed 8% from its recent low on Oct. 27, slightly trailing the S&P 500. Yet for 2023, it is on pace to trail its large-cap counterpart by the widest margin in a calendar year since 1998. The S&P 600 is up 0.1%, while the S&P 500 has climbed 17%.
Alphabet, Google’s parent company, lost nearly $168 billion in market value this week. Photo: Melina Mara/The Washington Post/Getty ImagesThe corporate earnings downturn is poised to end, but you wouldn’t know it looking at the stock market carnage. With the third-quarter earnings season nearly halfway over, companies in the S&P 500 are on track to post a 2.7% year-over-year increase in profits, according to a FactSet blend of reported results and consensus analyst estimates. That would mark the first earnings growth in four quarters.
Persons: Melina Mara Organizations: Washington Post
Al Underwood used to drink a glass of orange juice almost every day with his breakfast at a nearby diner before the pandemic. After the price shot up to about $3 a glass last year, he cut back to once or twice a week. “Now it’s like, ‘forget the orange juice.’ That money will go toward the tip,” said Underwood, a 69-year-old optical wholesaler from Ridgeland, Miss. “Some things you just don’t need like you used to because prices are up.”
Persons: Al Underwood, , Underwood Organizations: Miss Locations: Ridgeland
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/higher-interest-rate-winners-losers-16accd19
Persons: Dow Jones
Higher Rates Catch Up With Home-Builder Stocks
  + stars: | 2023-09-27 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/higher-rates-catch-up-with-home-builder-stocks-59e0d443
Persons: Dow Jones
Energy Stocks Are Back in the Market’s Driver’s Seat
  + stars: | 2023-09-11 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/energy-stocks-are-back-in-the-markets-drivers-seat-4148bcd7
Persons: Dow Jones
Investors Head Into Fall With Jitters After Summer Rally
  + stars: | 2023-09-04 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/finance/stocks/investors-head-into-fall-with-jitters-after-summer-rally-5e030f8b
Persons: Dow Jones
When Markets Get Scary, Mom and Pop Buy Gold
  + stars: | 2023-08-07 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/when-markets-get-scary-mom-and-pop-buy-gold-77cf7df3
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/weather-and-wall-street-conspire-to-push-up-gas-prices-61862f18
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/whats-behind-the-stock-market-rally-its-not-just-big-tech-dcac2678
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/falling-gas-prices-fuel-expectations-for-record-holiday-travel-c16da053
Persons: Dow Jones
Investors Spurn Dividend-Paying Stocks as AI Booms
  + stars: | 2023-07-02 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/investors-spurn-dividend-paying-stocks-as-ai-booms-344f431d
Persons: Dow Jones
Stock-Market Bulls See Room to Run
  + stars: | 2023-06-13 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/stock-market-bulls-see-room-to-run-e71a2fdd
Persons: Dow Jones
Stock Market Bulls See Room to Run
  + stars: | 2023-06-13 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/stock-market-bulls-see-room-to-run-e71a2fdd
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/war-for-talent-at-mines-could-drive-up-cost-of-energy-transition-30b927eb
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/bearish-bets-against-s-p-500-are-surging-despite-love-for-big-tech-506cacc
Persons: Dow Jones
Tech Stock Rally Leaves Small-Caps in the Dust
  + stars: | 2023-05-28 | by ( Hardika Singh | Brenda León | ) www.wsj.com   time to read: 1 min
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Weary Bitcoin Investors Chase Shiny New Object—Gold
  + stars: | 2023-04-24 | by ( Hardika Singh | ) www.wsj.com   time to read: 1 min
For three years, Mitch Day rode bitcoin’s wild swings, through the record highs of 2021 to the cold-water plunge of 2022. Mr. Day and a number of his cryptocurrency compatriots have since turned to the asset favored by pharaohs, pirates and Scrooge McDuck, helping drive an outbreak of gold fever.
U.S. stocks and gold prices rose Thursday after data showed U.S. producer prices unexpectedly fell in March, adding to optimism that inflation is easing. The S&P 500 gained 54.27 points, or 1.3%, to 4146.22, while the Dow Jones Industrial Average rose 383.19 points, or 1.1%, to 34029.69. The tech-heavy Nasdaq Composite rose 236.93 points, or 2%, to 12166.27.
Gold prices hit their highest level of the year on Thursday, driven by bets that inflation will remain sticky despite recent declines. The most actively traded gold-futures contract recently traded around $2,053.10 a troy ounce, up about 12% year to date. That also put it within striking distance of its record high, reached in the summer of 2020.
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/s-p-500s-resilience-in-the-banking-crisis-is-largely-thanks-to-tech-654cc621
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