Stocks Rally as Economic Data Eases Recession Fears The S&P 500 erased its August losses on Thursday, marking a sharp reversal after the index experienced its worst start to a month in eight years. By the close, the S&P 500 was up 0.4% for August, while the Nasdaq Composite was...
The S&P 500, Germany’s DAX, and Japan’s Nikkei 225 have all rebounded from their early August lows, a pattern that Christopher Watling, CEO and chief market strategist at Longview Economics, describes as classic pullback behavior. Watling explains that pullbacks typically unfold in three waves: an initial wave of selling, a...
“A rough start for stocks in August doesn’t necessarily indicate a looming downturn, according to Angelo Kourkafas, senior investment strategist at Edward Jones. Inflation data for July, highlighted by the producer-price index, showed a year-over-year increase of 2.2% in wholesale prices, down from June’s 2.7%. ‘Markets are responding positively to...
The recent upheaval in the U.S. stock market has served as a stark reminder of volatility after an unusually long period of calm, which could signal a shift in market sentiment, according to Jason Goepfert, founder and senior research analyst at SentimenTrader. For eight consecutive sessions, the S&P 500 index...
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This week’s spotlight for the stock market is on Wednesday’s inflation report, set against a backdrop of significant earnings announcements from major retailers and a retail sales update. Wall Street is increasingly uneasy about the U.S. economy’s health, and the strain on American households could be confirmed in this week’s...
