Strategist who nailed the recent S&P 500 top says three things are needed for a market bottom

Wariness is in order after the S&P 500’s bear-market finish and a potential 75 basis-point Fed hike just one day away. Gains for stock futures and a potential bounce are fading fast. Morgan Stanley’s Mike Wilson, who can count some wins after pounding the table this year over a gloomy stock setup, told clients on … Read more

The S&P 500 is clinging to a key support level after Friday’s meltdown, here’s what happens if that fails

Last week’s shock US inflation number continues to tear through markets, with dip buyers seemingly in hiding. Hardest hit Nasdaq-100 futures are down 3%. Investors are now focused squarely on Wednesday’s Fed outcome, with expectations the central bank may need to do something bold, driving even more anxiety out there. The aftermath of Wall Street’s … Read more

Dow ends down nearly 350 points as stocks suffer weekly losses after strong May jobs report

US stocks fell sharply Friday, leaving major indexes with weekly losses, after better-than-expected May payrolls data reinforced expectations for a series of interest-rate rises by the Federal Reserve in the coming months. The technology sector led the way south as Treasury yields rose and a report that Tesla Inc. may be considering job cuts amid … Read more

Stocks rise after inflation data; Dow aims to end longest weekly losing streak since 1932

US stocks rose Friday after the Federal Reserve’s preferred measure of inflation for April proved in line with market expectations, with the smallest increase in a year and a half. How are stock-index futures trading? The Dow Jones Industrial Average DJIA was 245 points, or 0.75%, at 32,882. The S&P 500 SPX rose 62 points, … Read more

This eclipse-like event is why bitcoin could reach $ 100,000 by next year, says forecaster with a solid record on the crypto

Stocks are settling in for more choppy action, as investors continue to consider the Federal Reserve minutes and after Nvidia dropped a warning late Wednesday. But we’s switching away from Wall Street’s tug of war to focus on cryptocurrencies, and a call from the president of macroeconomic research firm Lamoureux & Co., Yves Lamoureux, who … Read more

Dow books 4th day of gains, stocks rally after Fed minutes signal flexibility on interest rate hikes

Stocks closed higher Wednesday as investors took away a message of flexibility from the release of minutes of the early May Federal Reserve meeting about its path to higher interest rates. How did stocks trade? The Dow Jones Industrial Average DJIA rose 191.66 points, or 0.6%, ending at 32,120.28. The S&P 500 SPX gained 37.25 … Read more

Here’s the signal for investors from the deep pessimism of Bill Ackman and George Soros

Stock index futures are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever. This choppy market can’t help itself, because “there are too many unknowns,” Stephanie Link, chief investment strategist and portfolio manager at … Read more

Dow ends 250 points higher, while Netflix plunge slams Nasdaq

US stock indexes posted a mixed finish Wednesday, with the Dow Jones Industrial Average lifted after solid earnings, while a plunge for shares of streaming giant Netflix Inc. drags down the Nasdaq as the S&P 500 ends with a small loss. How did stocks trade? The Dow Jones Industrial Average DJIA closed with a gain … Read more