Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stocks are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its fall … Read more

Elon Musk joins the growing chorus fearing a US recession. But there are stocks for that.

Look out above, the dip buyers are back in town. Stock futures are soaring – for now – as Wall Street returns from a long holiday weekend, with Fed Reserve Chair Jerome Powell testing in front of Congress this week. The buying mood comes after the S&P 500’s worst week since March 2020, including its … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

Dow drops 700 points, Nasdaq slumps ahead of megacap tech earnings

US stocks were trading sharply lower Tuesday afternoon, failing to build on the previous session’s bounce, as investors sift through a raft of company results and await earnings reports due after the bell from tech giants including Microsoft Corp. and Google parent Alphabet Inc. How are stock indexes performing? The Dow Jones Industrial Average DJIA … Read more

Dow tumbles 275 points, Nasdaq down 1.9% as Fed’s Powell signals half-point interest rate hike likely in May

US stocks fell, losing their grip on earlier gains Thursday, as bond yields rose and energy, growth and communications stocks came under pressure, despite Tesla Inc.’s banner earnings report. Federal Reserve Chairman Jerome Powell on Thursday added his support for “front-end loading” rate increases, including a potential 50 basis point hike in May. What’s happening … Read more

As Putin eyes a date to declare victory, here’s a Ukraine scenario that could slam stocks by another 10%

Stocks are set to get a major bump on Thursday, thanks to blowout results from Tesla, which go some way in easing the sting over Netflix disappointment. With earnings sharply in focus for now, market attention on the biggest war in Europe since World War II has faded some. While financial markets have moved past … Read more

Pilots say fatigue puts safety at risk

CNN – Southwest Airlines and Delta Air Lines pilots say pilots’ fatigue is increasing and they are pressuring flights for mistakes that could lead to fatigue and safety risk. “Severe and overall exhaustion has become a number-one security threat to Southwest Airlines,” the Southwest Airlines Pilots Association or SWAPA told airline executives in a letter … Read more