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☆ Stock market today: US indexes rally after cool inflation data
▼ + stars: | 2024-05-31 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

US indices rallied after a promising PCE report. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . As projected, core PCE rose 0.2% in April. ""The equity market wants to see a slowdown in economic growth and today's PCE data provided a soft-landing report," David Donabedian said, chief investment officer of CIBC Private Wealth US. Here's where US indexes stood at the 4:00 p.m. closing bell on Friday:AdvertisementHere's what else happened today:In commodities, bonds, and crypto:

Persons: —, Friday's, David Donabedian, Eric Sterner Organizations: Dow, Nasdaq, Service, Dow Jones, Nvidia, Microsoft, PCE, CIBC Private Wealth, Federal Reserve, Apollon Wealth Management

☆ Markets worry Treasury yields could jump back to levels that sparked chaos last October
▼ + stars: | 2024-05-04 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

The benchmark 10-year Treasury yield is hovering below levels that caused a massive crash last fall. Yet, persistent inflation and weak Treasury auctions could boost yields past the 5% mark. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. That's why Treasury auctions have become attention-grabbers for markets, as investors watch to see if there are enough willing buyers. The dangers of 5%When 10-year yields broke through the 5% mark last fall, traders panicked and the S&P 500 nosedived nearly 6% from October's peak-to-trough.

Persons: —, That's, Treasurys, Bill Gross, Ed Yardeni, Eric Sterner, Yardeni, hasn't, they're, Goldman Sachs, Sterner Organizations: Service, Treasury, Business, Treasury Department, Federal, Yardeni Research, Investment, SEI, Apollon Wealth Management

☆ Wall Street’s mood is improving — but it’s far from upbeat
▼ + stars: | 2023-09-14 | by ( Krystal Hur | ) edition.cnn.com time to read: +5 min

CNN —Wall Street’s optimism has edged up in recent weeks after an August slump to levels not seen since the collapse of several regional banks earlier this year. CNN’s Fear & Greed Index, which tracks seven different barometers for market sentiment, has oscillated between “neutral” and “greed” territory this month after plunging to a “fear” reading mid-August. The broad-based S&P 500 index has roared 16% higher this year, propped up by Wall Street’s infatuation with artificial intelligence that’s driven a powerful rally in tech stocks. While the Fed’s policy meeting is taking place next week, there’s a laundry list of factors stoking uncertainty in the market. September has historically been the worst month for stocks, and it could live up to its reputation this year.

Persons: it’s, August’s selloff, ”, Eric Sterner, Wall, Michael Arone, Arone, Chris Isidore, “, Gary Quirk, Quirk, epitomize, Birkenstock Organizations: CNN Business, Bell, CNN, Apollon Wealth Management, Federal Reserve, Stocks, State Street Global Advisors, American, of, United Auto Workers, Stellantis, Jeep, Dodge, Chrysler, Samsung, UAW, Wall Street, US Securities and Exchange Commission, New York Stock Exchange, Financial Locations: Kokomo , Indiana, New York, United States

☆ Investors are watching guidance this earnings season, but might not like what they see
▼ + stars: | 2023-04-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +4 min

New York CNN —Corporate guidance statements will be front and center as earnings season kicks off, with investors trying to gauge the economy’s temperature. Analysts forecast that first-quarter earnings for companies in the S&P 500 will fall 6.8% from the same period the previous year, according to FactSet. “We all expect earnings to be less than stellar,” says Shana Sissel, chief executive officer at Banríon Capital Management. Earnings season for banks starts on Friday with JPMorgan Chase, Wells Fargo, BlackRock, Citigroup and PNC Financial Services slated to report before the bell. Still, earnings are just one factor driving markets, and inflation remains a key concern for the Fed.

☆ US stocks end volatile session mixed after inflation cools by less than expected
▼ + stars: | 2023-02-14 | by ( Carla Mozée | ) www.businessinsider.com time to read: +2 min

US stocks finish Tuesday's choppy session on a mixed note. January headline inflation cooled to 6.2% but the rate was higher than anticipated. Core CPI, which strips out energy and food prices, rose 0.4% for the month. "The journey to get to normal inflation rates will be a bumpy ride as energy and commodity prices should rebound with China dropping its zero COVID policies." A ninth straight rate hike is likely to arrive in March.

With a majority of S & P 500 companies having posted their quarterly results, investors' focus will turn toward inflation and the consumer price index reading in the upcoming week. The three major indexes are on pace to end the week down, with the S & P 500 poised to post its worst performance since December. Sharp declines for Alphabet , which is off by more than 9% this week, dragged the tech-heavy index. January's consumer price index With the latest Powell speech in the books, investors are now looking ahead to the consumer price index for insight into the pace of inflation. "Retail sales and CPI is really driven by the consumer, and a lot of eyes are on how the consumer doing," Bruno said.

That left the yield curve even more inverted, a signal of looming recession. Those declines have come as the Fed has already tightened rates by 300 basis points this year. "We might not see as strong returns in the equity markets going forward now that interest rates have been somewhat normalized." The shape of the Treasury yield curve, where short-term rates stand above longer-term ones, supports caution as well. Known as an inverted yield curve, the phenomenon has preceded past recessions.

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