“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...
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...
Amazon’s stock has become more attractive relative to its expected earnings and sales. Amazon.com Inc. has long focused on growth, often reporting low profits due to heavy reinvestment in its business. However, the recent broad stock market decline has led to a significant shift: Amazon’s stock, which once traded at...
Monday’s Shock Could Haunt Markets for Weeks, NDR Analysts Say After the S&P 500’s sharpest drop in nearly two years on Monday, a rebound on Tuesday followed by a shaky Wednesday has left investors questioning the next steps. According to Ed Clissold, chief U.S. strategist, and Thanh Nguyen, senior quantitative...
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...
