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US stocks fell Wednesday and were on track to extend a run of losses. A slump in Chinese trade in November highlighted global recession worries. Chinese trade figures released Wednesday underscored recession fears even as the world's second-largest economy continued to roll back its zero-COVID policy measures related to quarantines and testing. Official data released by the government showed exports in November contracted by 8.7% in November from a year earlier, the worst decline since February 2020 when the COVID outbreak was starting to spread worldwide. Here's what else is happening today:Goldman Sachs boss David Solomon sees just a 35% chance the Fed avoids a recession.
Stocks powered higher this week after the October inflaton report but the path to year-end gains remains volatile, market analysts say. It won't be a straight-up rally," Nancy Tengler of Laffer Tengler Investments says. People covering short positions and outsized influence of trading algorithms appeared to have helped fuel Thursday's rally, Tengler said in taking a broader view of that day's run higher. Another inflation report is due before the Fed's next meeting. "If there's still work to be done with inflation then rates are still going to go higher.
We're exiting our position in Marvell Technology (MRVL), selling our last 900 shares at roughly $38.86 each. Given our desire to become even more defensive around our portfolio and reduce our exposure to tech, we're making the tough decision Thursday to move on from Marvell Technology . Over the past few years, we've booked significant profits in the stock — in some cases, those gains were well above 200%. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Matt Murphy, president and CEO of Marvell Technology.
Reuters GraphicsInvestors had been widely anticipating a 75-basis point rate hike, while hoping the Fed would signal a willingness to begin downsizing the rate hikes at its December meeting. However, comments from Fed Chair Jerome Powell that it was "very premature" to be thinking about pausing rate hikes sent stocks sharply lower. Wednesday's decline was the largest percentage drop for the S&P 500 since October 7. The private payrolls report came on the heels of data on Tuesday that showed a jump in U.S. monthly job openings, indicating labor demand remained strong. The S&P 500 posted 22 new 52-week highs and 20 new lows; the Nasdaq Composite recorded 108 new highs and 203 new lows.
The Dow Industrials just chalked up the best month since 1976 — and out of the 30 stocks that make up the average, we hold eight of them in the Club portfolio. Here's how all of our stocks in the Dow did in the month. Salesforce (CRM) had the third-largest gain of the eight Club stocks in the Dow, rising 13% in October. Keep in mind that for the year, J & J has outperformed the Dow as investors have flocked to classic defensive pockets of the market like health care. J & J closed at nearly $174 on Monday.
U.S. stocks rose Friday, with big gains by Apple helping offset declines among consumer discretionary stocks weighed down by a sales warning from e-commerce giant Amazon . The tech-heavy Nasdaq Composite Index rose 309.78 points, or 2.9%, to 11102.45, bouncing back after two days of declines. The S&P 500 added 93.76 points, or 2.5%, to 3901.06 while the Dow Jones Industrial Average was up 828.52 points, or 2.6%, to 32861.80. All three indexes finished the week with gains, with the Dow industrials’ recent run-up putting it down less than 10% year-to-date.
U.S. stocks rose Friday, with big gains by Apple helping offset declines among consumer discretionary stocks weighed down by a sales warning from e-commerce giant Amazon . The tech-heavy Nasdaq Composite Index rose 2.3%, bouncing back after two days of declines. The S&P 500 added 2%, while the Dow Jones Industrial Average was up 2.3%, or 735 points. All three indexes are on track for solid weekly gains, with the Dow industrials’ recent run-up putting it down less than 10% year-to-date.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThursday, Oct. 27, 2022: Cramer considers trimming this surging portfolio stockJim Cramer and Jeff Marks discuss why they believe money is being pulled out of tech stocks in the Nasdaq and into the Dow Industrials. Jim says those industrial names are more likely to return capital to shareholders right now. Jim also shares which stocks he is looking to trim in overbought territory, and why it may be time to buy more of one automaker already in the Charitable Trust.
U.S. stock indexes rose on Tuesday following a market rally that propelled the Dow Jones Industrial Average to a six-week high. The S&P 500 rose 1.2% on Tuesday, while the tech-heavy Nasdaq Composite added 1.9%. The blue-chip Dow industrials edged higher by 0.8%. The moves come after two days of strong gains for the major indexes—and as investors continue to gauge company earnings reports.
It's been eight years since the last edition of "Stocks For the Long Run." I think the key takeaway here is that in the long run stocks do tend to overcome inflation. And secondly, as you point out, not only do stocks tend to overcome inflation in the long run, they completely overcome inflation. Remember that is 4% before inflation, take that and compare it with the long run real return on stocks, which is 6.7% after inflation. You should own your home… But don't forget the real estate market and all the commercial real estate.
US stocks climbed Wednesday, with the S&P 500 logging its first win in seven sessions. Oil prices rose and concerns about iPhone 14 demand weighed on Apple's stock. The Dow industrials and the S&P 500 were higher after six straight losses while the Nasdaq Composite rose for a second straight session. All 11 sectors on the S&P 500 gained ground, led by the energy group. Oil prices rose after US weekly crude stockpiles unexpectedly fell by 200,000 barrels.
Dow Slips Again After Entering Bear Market
  + stars: | 2022-09-27 | by ( Will Horner | Vicky Ge Huang | ) www.wsj.com   time to read: 1 min
The Dow industrials and the S&P 500 fell again Tuesday as investors parsed a spate of economic data and comments from Federal Reserve officials. All three indexes spent much of the morning in the green, but it didn’t last. The Dow Jones Industrial Average, which entered a bear market on Monday, fell 125.82 points, or 0.4%, to 29134.99. That marked its sixth consecutive day in the red.
Dow Industrials Fall Into Bear Market
  + stars: | 2022-09-26 | by ( Hardika Singh | Joe Wallace | ) www.wsj.com   time to read: 1 min
U.S. stocks extended their decline Monday and the Dow Jones Industrial Average slid into a bear market, reflecting investor concern about the pace of global growth and the price of central-bank efforts to slow inflation. The Dow’s decline of 329.60 points, or 1.1%, to 29260.81, marked its fifth down trading day in a row. The move put the Dow into its first bear market—defined in Wall Street parlance as a drop of 20% or more from a recent high—since the early days of the pandemic.
Bond Yields Scale New Multiyear Highs; Stock Futures Slip
  + stars: | 2022-09-20 | by ( Joe Wallace | ) www.wsj.com   time to read: 1 min
Stock futures edged down and Treasury yields rose to fresh multiyear highs on expectations the Federal Reserve will continue tightening monetary policy forcefully to curb inflation. Futures for the S&P 500 fell 0.3% and Dow industrials ticked down 0.2% in early trading Tuesday. Technology-focused Nasdaq-100 futures lost 0.5%.
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