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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStaying neutral in both equities and fixed income makes sense right now: U.S. Bank’s Lisa EricksonLisa Erickson, U.S. Bank Wealth Management head of the public markets group, joins 'Squawk Box' to discuss the latest market trends, the Fed's rate path outlook, earnings season, and more.
Persons: Bank’s Lisa Erickson Lisa Erickson Organizations: U.S, Bank Wealth Management
REUTERS/Brendan McDermid Acquire Licensing RightsReuters Graphics Reuters GraphicsThe S&P 500 dropped 1.22% to end at 4,450.32 points. All 11 S&P 500 sector indexes declined, led lower by information technology (.SPLRCT), down 1.95%, followed by a 1.88% loss in consumer discretionary (.SPLRCD). For the week, the S&P 500 fell 0.16% and the Nasdaq lost 0.39%. Declining stocks outnumbered rising ones within the S&P 500 (.AD.SPX) by a 4.4-to-one ratio. The S&P 500 posted seven new highs and eight new lows; the Nasdaq recorded 48 new highs and 216 new lows.
Persons: chipmakers, Lam, Stoking, Lisa Erickson, Brendan McDermid, Amgen, Japan's, Ankika Biswas, Shristi, Noel Randewich, Vinay Dwivedi, Richard Chang Organizations: Nasdaq, Dow, Lam Research, KLA Corp, Reuters, Nvidia, Devices, Broadcom, Micron Technology, Philadelphia Semiconductor, United Auto Workers ', General Motors, Ford, Chrysler, Federal Reserve, U.S, Bank Wealth Management, Traders, Microsoft, Adobe, New York Stock Exchange, REUTERS, Reuters Graphics Reuters, Dow Jones, SoftBank's Arm Holdings, Neumora Therapeutics, Thomson Locations: U.S, Minneapolis, New York City, Bengaluru, Oakland , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation fight's 'last mile' may be harder to abate, says U.S. Bank's Lisa EricksonLisa Erickson, U.S. Bank Wealth Management head of the public markets group, joins 'Squawk Box' to discuss what oil and crude prices could mean for the economy, the current narrative for inflation, and what 2024 will be like for equities.
Persons: Bank's Lisa Erickson Lisa Erickson Organizations: U.S, Bank Wealth Management
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should stay at typical strategic weights on stocks, says U.S. Bank's Lisa EricksonLisa Erickson, US Bank Wealth Management head of public markets group, joins 'Squawk on the Street' to discuss what investors should do with Wednesday's Fed minutes, whether there will be a new wave of inflation, and more.
Persons: Bank's Lisa Erickson Lisa Erickson Organizations: Bank Wealth Management, Wednesday's
Microsoft shares rallied 7.2% following upbeat quarterly earnings and sales, including of robust artificial intelligence products. The Dow Jones Industrial Average (.DJI) fell 228.96 points, or 0.68%, to 33,301.87; and the S&P 500 (.SPX) lost 15.64 points, or 0.38%, at 4,055.99. The S&P 500 technology index (.SPLRCT) was the sole gainer among the benchmark's 11 major industry sectors, adding 1.7%. Of the 163 S&P 500 companies that reported first-quarter profit through Wednesday morning, 79.8% topped analysts' expectations, as per Refinitiv IBES data. It helped push the S&P 500 bank index (.SPXBK) down 1.4% on the day.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should remain cautious amid muted growth and high inflation, says Lisa EricksonLisa Erickson, U.S. Bank Wealth Management, Senior Vice President and Head of the Public Markets Group, joins CNBC's "Power Lunch" to discuss whether the cost looks clear for bank stocks.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInflation is still on a bumpy ride, says U.S. Bank's Lisa EricksonLisa Erickson, head of the public markets group at U.S. Bank Wealth Management, joins 'Squawk Box' to discuss high inflation, economic risks, and investment in real asset categories for dividend yield.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Bank Wealth Management's Lisa EricksonLisa Erickson, head of the public markets group at U.S. Bank Wealth Management, joins 'Squawk Box' to discuss high inflation, risks to the economy, and investment in real asset categories for dividend yield.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Veritas' Greg Branch and U.S. Bank's Lisa EricksonGreg Branch, Veritas Financial founder, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join 'Squawk Box' to discuss how they are positioning ahead of this week's economic data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInterest rate cuts won't happen until the back half of '24, says Veritas' Greg BranchGreg Branch, Veritas Financial founder, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join 'Squawk Box' to discuss how they are positioning ahead of this week's economic data.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStocks remain 'place to be' looking beyond 2023, says Sylvia JablonskiSylvia Jablonski, CEO and chief investment officer of Defiance ETFs, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join CNBC’s ‘Squawk Box’ to discuss the impact of inflation on the economy, the probability of recession, and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with U.S. Bank's Lisa Erickson and Georgetown's Paul McCulleyLisa Erickson, head of the U.S. Bank Wealth Management public markets group, and Paul McCulley, former chief economist with PIMCO, join 'Squawk on the Street' to discuss the Federal Reserve's course of action, the impact of inflation on the economy and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is not the time to be a big bear on stocks, says Paul McCulleyLisa Erickson, head of the U.S. Bank Wealth Management public markets group, and Paul McCulley, former chief economist with PIMCO, join 'Squawk on the Street' to discuss the Federal Reserve's course of action, the impact of inflation on the economy and more.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should remain underweight on U.S. equity market, says U.S. Bank's Lisa EricksonJJ Kinahan, IG North America CEO, and Lisa Erickson, head of the U.S. Bank Wealth Management public markets group, join CNBC's 'Squawk Box' to break down the latest market action ahead of the open.
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