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

Morgan Stanley: ‘Hard landing’ odds jump as investors worry about economic growth

The probability of a “hard landing” for the US economy has jumped, with stock and bond investors worried about slowing economic growth, according to Morgan Stanley’s wealth-management division. “The stock- and bond-market downturn has advanced to behavior resembling a classic cyclical bear market rather than simply a correction,” said Lisa Shalett, chief investment officer at … Read more

‘Nowhere to hide?’ Why stagflation fears put stocks on verge of a bear market

It will take more than Friday’s big bounce to put to rest the fear of a bear market in stocks as uncertainty about the Federal Reserve’s ability to get a grip on inflation without sinking the economy stokes fears of stagflation – a pernicious combination of slow economic growth and persistent inflation. Stagflation is “an … Read more

This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%

Markets are off to a stronger start on Friday, but it’s been a rough few days, with the S&P 500 facing a six-week losing streak, its longest in a decade. With a war raging in Europe, surging prices all over and uncertainty over what central banks can do about it, investors may not get that … Read more

Here’s a list of 50 companies that are well-armed to beat back inflation

Another turnaround Tuesday may be in the cards after a litany of concerns including stagflation dragged the S&P 500 SPX, + 1.30% below 4,000 for the first time since 2021. As investors try to regroup from the worst three-day stock stretch in two years, one more hard day of selling for the S&P might be … Read more

Stocks Slide to Lowest in 2022 as Rout Continues

The most punishing market selloff in years showed no signs of abating Monday, with US stock indexes sliding to new lows for 2022 and other assets, like oil and bitcoin, tumbling as well. Few believe a recession is imminent. The labor market has continued to add jobs at a rapid clip. Wages are climbing, and … Read more

EU Considers Insurance Ban for Ships Carrying Russian Oil

EU officials have proposed a ban on insuring ships that carry Russian oil, a move aimed at blocking Russia’s access to global oil markets and the revenue that has fueled its military invasion of Ukraine. “In effect, it would be a very strong hindrance to export Russian crude,” said Lars Barstad, chief executive of Frontline. … Read more

Who’s to blame for Thursday’s selloff? The Fed, and you, says this analyst

It’s not great that there’s a major central bank officially predicting an economic contraction. Nor is it terrification that US productivity fell by the most since 1947 on rising labor costs. And let’s throw in China doubling down on its zero-COVID policy, which doesn’t exactly lend confidence in the world’s number-two economy. But Thursday’s 3.6% … Read more

Zillow stock falls 9% after disappointing forecast in ‘uncertain’ real-estate environment

Zillow Group Inc. blew away revenue expectations for the first quarter Thursday, but reflected the uncertain future for the real-estate industry with a disappointing forecast, pushing shares down in after-hours trading. Zillow Z ZG reported a first-quarter profit of $ 16 million, or 6 cents a share, on revenue of $ 4.26 billion, up from … Read more

Dow, S&P 500 Slide More Than 3% as Investors Reassess Fed Comments

The stock market took its biggest U-turn since the early days of the pandemic Thursday, with the Dow Jones Industrial Average posting its largest decline this year just 24 hours after its largest gain since 2020. The reversal wiped out the euphoria that reigned on Wall Street Wednesday in the wake of Federal Reserve Chairman … Read more