U.S. stocks rebounded on Tuesday after fears of a weakening economy triggered a global selloff, leading to Wall Street’s worst day since 2022. Despite the rebound, Barry Bannister, chief equity strategist at Stifel, warns it is too early to jump back into the U.S. stock market. He maintains his prediction...
U.S. stock index futures are up early Tuesday following a significant decline on Monday that caused the S&P 500 to drop by 3%, marking its worst single-day performance in nearly two years. Over the past three sessions, the S&P 500 lost 6%, the Nasdaq Composite fell 8%, and the Russell...
Dow, S&P 500, and Nasdaq-100 Futures Plunge Sunday Night U.S. stock-market futures fell late Sunday following a turbulent week on Wall Street, during which the Nasdaq entered correction territory. As of 11 p.m. Eastern, Dow Jones Industrial Average futures dropped over 250 points, or 0.7%. S&P 500 futures decreased by...
Strategist: Dow Selloff Reflects ‘Buy the Rumor, Sell the Fact’ on Fed Rate-Cut Signal Thursday’s selloff, which saw the Dow Jones Industrial Average on track for its largest one-day drop since May, was partly attributed to a series of weaker-than-expected economic data. The relationship between economic news and the stock...
Seven months into 2024, the stock market has shown robust performance, but July marked a significant shift. A “Great Rotation” began, moving investor funds away from Big Tech and toward value stocks and small-caps. On Wednesday, MarketWatch’s Joseph Adinolfi summarized July’s stock-market dynamics, highlighting how expectations of a change in...
A newly published white paper has ignited controversy on Wall Street and in Washington by accusing the Treasury Department of using short-term Treasury bills to manipulate the economy for political gain, potentially reigniting inflation. The paper, released last week, contends that the Treasury’s strategy of financing a substantial portion of...
