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☆ Market roiled by bank fears faces critical U.S. inflation data
▼ + stars: | 2023-03-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

NEW YORK, March 13 (Reuters) - A market rocked by a banking crisis faces a potential one-two punch as investors await a U.S. inflation report that could further complicate views on the Federal Reserve’s monetary policy trajectory. It has taken on added relevance in recent days, however, following concerns over financial stability after the swift collapse of Silicon Valley Bank (SIVB.O), the biggest bank failure since the financial crisis, and Signature Bank (SBNY.O). CPI for February is expected to rise 0.4% on a month-over-month basis, and 6% annually, according to a Reuters poll of economists. "That might lead to a partial reversal of the recent rally in bonds, worsening the problems in the banking sector," Capital Economics said in a note. Reporting by Lewis Krauskopf; Editing by Ira Iosebashvili and Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

☆ Wall Street gains, Treasury yields soften ahead of Powell testimony
▼ + stars: | 2023-03-06 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/4] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, March 3, 2023. All three major U.S. stock indexes gained ground on Monday, appearing to extend last week's rally, with lower Treasury yields boosting interest rate-sensitive megacap stocks. European shares reversed earlier gains and were last essentially unchanged after modest China growth estimates suggested a possible dampening of demand for European goods. Emerging market stocks rose 0.64%. Benchmark U.S. Treasury yields continued to ease as dampening demand supported hopes that the Fed is approaching the end of its rate-hike phase.

☆ Wall St Week Ahead: U.S. economic resilience could add luster to semiconductor shares
▼ + stars: | 2023-02-24 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The Philadelphia SE Semiconductor index (.SOX) is up about 16% so far this year, dwarfing the 3% year-to-date gain for the S&P 500 (.SPX) and the Nasdaq Composite’s (.IXIC) 8.5% rise. With semiconductors a key component in countless products, some investors are betting economic strength could help the shares outperform. "If that’s the case, then I think semiconductors can do very well.”Of course, economic strength has been a double-edged sword for stocks lately. Semiconductor shares have pulled back recently along with broader markets on worries of a "no landing" economic scenario in which strong growth keeps inflation elevated and prompts the Fed to raise interest rates higher for longer. And if tighter Fed policy eventually brings on a recession in the second half of the year, as some fear, semis could suffer.

☆ Wall St Week Ahead U.S. economic resilience could add luster to semiconductor shares
▼ + stars: | 2023-02-24 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

☆ Wall Street Week Ahead: Retailers' results may be next test for rally in U.S. stocks
▼ + stars: | 2023-02-19 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

Nolte is considering buying home-improvement retailer stocks that were hit hard in 2022 as the housing market struggled. Other companies set to report next week include chip company Nvidia (NVDA.O), COVID-19 vaccine maker Moderna (MRNA.O) and e-commerce firm eBay (EBAY.O). Both companies are set to report on Tuesday and will "set the stage for everyone else," according to JPMorgan retail analysts. Reuters GraphicsAmong the other retailers set to report in the coming week are TJX Companies (TJX.N) and Bath & Body Works (BBWI.N). "We are clearly emphasizing retailers in select industries versus the mass market retailers," Tuz said.

☆ Wall Street extends rally, powered by tech bounce
▼ + stars: | 2023-01-23 | by ( Stephen Culp | ) www.reuters.com time to read: +5 min

All three major stock indexes extended Friday's gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares (.SOX). Of the 11 major S&P 500 sectors, all but energy (.SPNY) ended green, with tech shares (.SPLRCT) enjoying the largest percentage gain, up 2.3% on the session. The fourth-quarter reporting season has shifted into overdrive, with 57 of the companies in the S&P 500 having posted results. Analysts now see S&P 500 fourth-quarter earnings, on aggregate, dropping 3% year-on-year, nearly twice as steep as the 1.6% annual drop seen at the beginning of the year, per Refinitiv. The S&P 500 posted 11 new 52-week highs and no new lows; the Nasdaq Composite recorded 82 new highs and 19 new lows.

☆ Wall St Week Ahead Tech stock rebound faces doubters with earnings season ahead
▼ + stars: | 2023-01-20 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The tech-heavy Nasdaq 100 index (.NDX) has gained over 3% in 2023, double the rise for the S&P 500 (.SPX). The Nasdaq 100 fell 33% in 2022, while the S&P 500 lost 19.4%. Apple, the largest U.S. company by market value, and Google-parent Alphabet report the following week. Fourth-quarter earnings in the tech sector are expected to have declined 9.1% from a year ago, compared to a 2.8% decline for S&P 500 earnings overall, according to Refinitiv IBES. The S&P 500 tech sector still trades at a roughly 19% premium to the broader index, above its 7% average of the past 10 years, according to Refinitiv Datastream.

[1/4] The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York City, U.S., November 15, 2022. Equities were boosted by Tuesday's inflation report that showed producer prices rising 8% in the 12 months through October against an estimated 8.3% rise. The gains built on a rally that was kicked off late last week by a cooler-than-expected report on consumer prices. "The decline was triggered by reports of a Russian missile landing in Poland," said Steve Sosnick, chief strategist at Interactive Brokers. About 13.1 billion shares changed hands in U.S. exchanges, compared with the 12.2 billion daily average over the last 20 sessions.

☆ Wall St ends sharply higher as cooling inflation fuels hope of easing Fed
▼ + stars: | 2022-11-10 | by ( Stephen Culp | Simon Jessop | ) www.reuters.com time to read: +4 min

The risk-on fervor also sent the 10-year Treasury yield to its lowest level in five weeks and the safe-haven greenback plummeting. Inflation"It shows you how focused asset owners were on inflation compared to everything else going on in the world," Tuz said. The pan-European STOXX 600 index (.STOXX) rose 2.75% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 4.57%. Signs that the decades-high inflation growth is beginning to ebb sent U.S. Treasury yields to a five-week low, supporting expectations that the Fed could ease its foot from the rate-hike accelerator. The dollar index fell 2.41%, with the euro up 2.07% to $1.0218.

☆ Wall St surges, dollar tumbles as easing inflation fuels Fed abatement hopes
▼ + stars: | 2022-11-10 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

The risk-on fervor also sent the benchmark Treasury yield to its lowest level in five weeks and the safe-haven greenback plunged. Inflation"It shows you how focused asset owners were on inflation compared to everything else going on in the world," Tuz said. The pan-European STOXX 600 index (.STOXX) rose 2.75% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 3.97%. Signs that the decades-high inflation growth is beginning to ebb sent U.S. Treasury yields lower, supporting expectations that the Fed could ease its foot from the rate-hike accelerator. The dollar index fell 2.06%, with the euro up 1.68% to $1.0179.

☆ Wall St closes sharply higher on hopes of abating Fed
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Among the 11 major sectors in the S&P 500, nine closed green, with healthcare (.SPXHC) enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. Results from a slew of heavy-hitting tech and tech-adjacent companies are likely to dominate the earnings chatter this week. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 73 new highs and 331 new lows.

☆ Wall St ends red, Treasury yields climb on dour guidance and looming recession fears
▼ + stars: | 2022-10-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes lost ground, while the benchmark Treasury yield shot up to touch a new 14-year high. The pan-European STOXX 600 index (.STOXX) lost 0.53% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) shed 0.89%. Emerging market stocks lost 1.62%. A sell-off in U.S. government bonds pushed the benchmark Treasury yield to its highest level since mid-2008 on expectations of continued aggressive interest rate hikes from the Federal Reserve. 1/2 Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022.

☆ Wall St oscillates, Treasury yields climb on cautious corporate guidance and recession worries
▼ + stars: | 2022-10-19 | by ( Stephen Culp | ) www.reuters.com time to read: +3 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2022. The three major U.S. stock indexes wavered between red and green out of the starting gate, while the benchmark Treasury yield shot up to touch a new 14-year high. Emerging market stocks lost 1.53%. A sell-off in U.S. government bonds pushed the benchmark Treasury yield to its highest level since mid-2008 on expectations of continued hawkish policy from the Federal Reserve. The dollar index rose 0.45%, with the euro down 0.64% to $0.9789.

☆ Wall Street rally throws spotlight on reports from Tesla, Netflix
▼ + stars: | 2022-10-18 | by ( Noel Randewich | ) www.reuters.com time to read: +3 min

Monday's major rally on Wall Street was just the latest in an unusually volatile year. Shares of Tesla jumped 7%, with the electric vehicle maker's report late on Wednesday set to be one of this week's main attractions. Wall Street's most heavily traded stock, Tesla has tumbled over 17% since Oct. 2, when it disclosed third-quarter vehicle deliveries that missed estimates as logistical challenges overshadowed its record deliveries. Analysts worried about a deteriorating global economy have slashed their quarterly earnings outlooks. Netflix reports on Tuesday, with analysts expecting revenue to grow just 5% year/year, its lowest quarterly increase ever, according to Refinitiv.

☆ Wall Street surges as market seeks bottoming signs
▼ + stars: | 2022-10-17 | by ( Reuters Staff | ) www.reuters.com time to read: +6 min

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. That seems to be the daily MO for the market.”PHIL BLANCATO CEO OF CEO OF LADENBURG THALMANN ASSET MANAGEMENT“This is the turnaround week every single year. If you look for the single best turnaround week for the year, it’s always the second week of October. The fourth quarter is on average the best quarter every single year and on average the turnaround week happens the second week of October. You’re seeing earnings hold on so far.

☆ Traders get no reprieve from volatility as CPI sends U.S. stocks on wild ride
▼ + stars: | 2022-10-13 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +4 min

Despite the upside move, "this sort of volatility makes markets feel a lot less rational and undermines confidence,” said Michael Farr, CEO of Farr, Miller and Washington LLC. Reuters GraphicsIndeed, despite the S&P 500’s wild ride on Thursday, the most recent inflation data does little to help the case for battered stock market bulls. The International Monetary Fund earlier this week flagging the risks of “disorderly asset repricings” as global central banks tighten monetary policy. Still, some investors have been looking past the short-term gloom, citing discounted valuations on U.S. stocks as one reason for cautious optimism. The market's focus will next turn to a pivotal third-quarter corporate earnings season to help support stock prices.

☆ Reactions: Putin mobilises more troops for Ukraine
▼ + stars: | 2022-09-21 | by ( ) www.reuters.com time to read: +20 min

Russian President Vladimir Putin makes an address on the conflict with Ukraine, in Moscow, Russia, in this still image taken from video released September 21, 2022. I think even with this Russia stuff it’s hard to see the market really rally a lot more from here ahead of the FOMC. From a geopolitical standpoint, Putin is frustrated that the war isn’t going his way and he’s threatening the west. "If it gets really, really bad, I'd expect the dollar to rise." This announcement by Putin to intensify the escalation in Ukraine definitely doesn’t help.

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