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The S&P 500 advanced 0.47% to finish at 5,344.16. This week marked the most volatile week of 2024 for the market. The Dow on Monday tumbled 1,000 points, while the S&P 500 lost 3% for its worst day since 2022. At the Monday lows, the S&P 500 was down nearly 10% from its recent all-time high. It is not just equity markets that have had a volatile week.

Persons: Stocks, Spencer Platt, Jay Hatfield, ” Hatfield Organizations: Nasdaq, Dow Jones, Dow, Federal Reserve, New York Stock Exchange, Wall, Treasury, Capital Locations: U.S, unwind, Hatfield, “

☆ Global markets rise after Biden exit
▼ + stars: | 2024-07-22 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +3 min

New York CNN —Global markets made solid gains after President Joe Biden dropped out of the 2024 presidential election Sunday and endorsed Vice President Kamala Harris as the Democratic nominee. European markets were higher, and Asian markets closed mostly lower. But “the fact that Biden endorsed Kamala Harris reduces uncertainty,” said Jay Hatfield, CEO at Infrastructure Capital Advisors. “Markets are increasingly focused on the US presidential election in November,” wrote Deutsche Bank’s Henry Allen in a research note on Monday. Stocks tumbled toward the end of last week as a turbulent election cycle and a global tech outage rocked technology stocks in particular.

Persons: Joe Biden, Kamala Harris, Donald Trump, unwind, Harris, Biden, ”, Jay Hatfield, Trump, ” Hatfield, Deutsche Bank’s Henry Allen, Lyndon Johnson, Stocks Organizations: New, New York CNN — Global, Democratic, Dow, Nasdaq, Trump, Infrastructure Capital Advisors, Deutsche Bank, “, Deutsche Locations: New York

☆ Remains from a mother-daughter cold case were found nearly 24 years later, after a deathbed confession from the suspect
▼ + stars: | 2024-04-23 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +3 min

In a “detailed, undeniable, unconflicted” deathbed confession to one of the investigators in the case earlier this month, Larry Webb admitted to fatally shooting Natasha “Alex” Carter, who was 10 at the time, and her mother, Susan Carter, nearly 24 years ago, Hatfield said. Webb told the investigator some of his cash in the home went missing, and Webb suspected Susan Carter had “spent a lot of money. “Almost lost hope several times.”Webb had been a suspect from the start of the investigation, authorities said. “The confession aligned with exactly the investigative efforts and the evidence collected” by authorities, Hatfield noted. Hours later, the bodies of Susan and Alex Carter were found, Hatfield said.

Persons: Benjamin Hatfield, unconflicted, Larry Webb, Natasha “ Alex ” Carter, Susan Carter, Hatfield, Webb, “, ” Hatfield, Alex, Susan, ” Webb, Alex’s, Rick Lafferty, ” “ It’s, ” Lafferty, Carter, Alex Carter, Lafferty, ” Organizations: CNN, Authorities, Mount, Mount Olive Correctional, Montgomery General Hospital Locations: West Virginia, Raleigh County, Hatfield, Mount Olive, Montgomery

(AP) — A divided Missouri Supreme Court upheld voting districts drawn for the state Senate on Wednesday, rejecting a legal challenge that claimed mapmakers should have placed a greater emphasis on keeping communities intact. The high court's 5-2 decision means the districts, first used in the 2022 elections, will remain in place both for this year's elections and ensuing ones. While a Republican Senate committee supported the Senate map enacted in 2022 by a panel of appeals court judges, a GOP House committee sided with Democratic-aligned voters suing for the districts to be overturned. The third prioritizes “contiguous” and “compact” districts, and the fourth requires communities to be kept whole in districts if possible under the equal population guidelines. The Supreme Court said a trial judge correctly decided that the constitution makes “compact” districts a higher priority than keeping communities intact.

Persons: Judge Kelly Broniec, Mike Parson's, Judge W, Brent Powell, Judge Paul Wilson, ” Powell, Chuck Hatfield, ” Hatfield, I’m, Pro Tem Caleb Rowden, ” Organizations: JEFFERSON CITY, Republicans, Republican, GOP, Democratic, Republican Gov, Pro Locations: Mo, Missouri, Buchanan, Louis, Hazelwood, ”

☆ Wall Street needs a boost from earnings. Can JPMorgan Chase run a strong first leg?
▼ + stars: | 2023-10-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Analysts expect a 0.4% year-over-year decline in third-quarter earnings for companies in the S&P 500 index, according to FactSet. Analysts expect America’s biggest bank to report earnings per share of $3.90 and revenue of $39.57 billion for the third quarter, according to Refinitiv. Citigroup, Wells Fargo and BlackRock also report earnings Friday. “Our children are in crisis, and it is up to us to save them,” Hochul said, comparing social media algorithms to cigarettes and alcohol. Those who opt out would receive chronological feeds instead, like in the early days of social media.

Persons: ”, Michael Arone, Jay Hatfield, ” Hatfield, Banks, JPMorgan Chase, Jamie Dimon, Dimon, Wells, Chris Isidore, Darren Woods, Read, Kathy Hochul, Letitia James, Michael Mulgrew, Sen, Andrew Gounardes, Nily, “, ” Hochul, Athena Jones, Brian Fung Organizations: CNN Business, Bell, CNN, Investors, State Street Global Advisors, stoke, Infrastructure Capital Management, JPMorgan Chase, JPMorgan, First, Bank, Citigroup, ExxonMobil, Natural Resources, Midland Basins, New York Gov, New York, United Federation of Teachers Manhattan, New Locations: Wells Fargo, BlackRock, United States, Midland , Texas, Delaware, Midland, New York

☆ Cecily the cat has a lifelong disability. It hasn't stopped her from spreading positivity through her fashionable outfits
▼ + stars: | 2023-07-02 | by ( Ashley R. Williams | ) edition.cnn.com time to read: +3 min

CNN —To her tens of thousands of adoring online fans, fashionable two-legged feline Cecily is the cat’s pajamas. “But I’m not sad!” concludes the cat’s social media page description. The colorful dresses and outfits began as a way to cover the diapers Cecily wears daily, Hatfield said. The CatteryThe Cattery, which currently houses over 180 cats, began getting more active on social media during the pandemic. The cat’s social media presence and quirky outfits seem to touch people in unexpected ways, the social media manager noted.

Persons: Cecily, she’s, Katie Hatfield, ” Hatfield, who’s, hasn’t, I’m, “, Hatfield, ”, ” Cecily, “ We’re Organizations: CNN Locations: Corpus Christi , Texas, Hatfield, “

☆ Wall St Week Ahead: Surging US megacap stocks leave some wondering when to cash out
▼ + stars: | 2023-06-02 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 (.SPX) has risen 11.5% this year and stands at a 10-month high. The S&P 500 rose 1.45%. The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. Kotok views narrowing breadth as an ominous sign for the broader stock market, saying that equities also look less favorable in certain asset valuation metrics.

Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, “, Brendan McDermid Michael Purves, Purves, Kevin Mahn, Refinitiv, ”, Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski, Diane Craft Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Federal Reserve, New York Stock Exchange, REUTERS, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA, New York City, U.S

☆ Wall St Week Ahead Surging US megacap stocks leave some wondering when to cash out
▼ + stars: | 2023-06-02 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

The benchmark S&P 500 (.SPX) has risen 11% this year and stands at a 10-month high. He is overweight megacaps, including Nvidia, Microsoft and Google-parent Alphabet (GOOGL.O). The recent surge in Nvidia showed how a stock can keep climbing even after posting hefty gains. At the same time, only 20.3% of S&P 500 stocks have outperformed the index on a rolling three-month basis, a record low dating back five decades, according to Ned Davis. In one commonly used valuation metric, the S&P 500 is trading at 18.5 times forward earnings estimates compared to its historic average of 15.6 times, according to Refinitiv Datastream.

Persons: Ned Davis, Peter Tuz, Jay Hatfield, ” Hatfield, “, Michael Purves, Purves, Kevin Mahn, Refinitiv, ”, Mahn, Dow, David Kotok, Lewis Krauskopf, Ira Iosebashvili, Nick Zieminski Organizations: YORK, BofA Global Research, Ned Davis Research, Chase Investment, Nvidia, Apple, Microsoft, Google, Tallbacken Capital Advisors, Nasdaq, Hennion, Walsh Asset Management, Dow Jones, Cumberland Advisors, Thomson Locations: megacap, BofA

☆ SVB fallout: Is my money safe?
▼ + stars: | 2023-03-13 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +6 min

New York CNN —The question on so many bank customers’ minds in the aftermath of Silicon Valley Bank’s stunning collapse: Is my money safe? US customers held at least $151.5 billion in uninsured deposits by the end of 2022, SVB’s latest annual report said. But before markets opened this week, the Biden administration took an extraordinary step, guaranteeing that SVB customers will have access to all their money starting Monday, even uninsured deposits. Many SVB customers had much more than $250,000 deposited and now that they can’t get their money, some companies are struggling to make payroll. “I don’t think people should panic, but it’s just prudent to have insured deposits versus uninsured deposits,” Hatfield said.

☆ Democrats are focus-grouping Fetterman’s health. Swing voters think he’s getting sharper.
▼ + stars: | 2022-09-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Jonathan-Allen-Circle-Byline-Template.Jpg | Jonathan Allen | ) www.nbcnews.com time to read: +9 min

The consensus, according to two people familiar with the responses given to Democratic operatives, was that persuadable voters believe Fetterman is fit to serve and getting sharper. Four months after the stroke, Fetterman has not released his medical records. But Oz has made sure that Fetterman’s health problems remain a top topic of political conversation. Michelle Gustafson / Bloomberg via Getty ImagesEarlier this summer, Pennsylvania Democrats privately expressed concerns about Fetterman’s health and lack of transparency, but Fetterman seems to have eased their fears. That helps explain why Republicans have been split on how much to focus on Fetterman’s health.

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