Spencer Platt / Getty Images There are good, bad, and ugly outcomes for the stock market as inflation continues to weigh, Charles Schwab warned. Though inflation is coming down, it could easily rebound if central banks begin cutting too soon. "This whipsawing pattern may support a continued environment of volatility and wide market swings as […]
Goldman Sachs cuts its S&P 500 forecast, says stocks will drop over 4% by the year’s end as the Fed stays aggressive
Federal Reserve interest rate hikes will weigh on stocks this year, Goldman Sachs warned. Richard Drew/AP Photo Goldman Sachs on Friday slashed its end-of-year target for the S&P 500 to 3,600, a . The Fed's aggressive approach to taming inflation will weigh on stocks, the bank said. The benchmark US index has plummeted just under […]
Federal Reserve Chair Jerome Powell Win McNamee/Getty Images US stocks moved higher on Wednesday as investors geared up for a Fed interest rate decision. Chairman Jerome Powell is expected to raise rates by 75 basis points to tame inflation. Powell's press briefing should give investors more insight as to how much more tightening the Fed […]
Kevin O'Leary Andrew Burton/Getty Images Kevin O'Leary said volatility has returned to the stock market, adding it may be time to buy. The "Shark Tank" star addressed uncertainty in markets about how aggressive the Fed will be. "There's a bet going on in the market, you can see it as volatility," he said. "Shark Tank" […]
Some retail traders are turning to gambling addiction centers after a wild 2-year ride for stocks – but clinicians’ limited understanding of the condition and markets means help can be hard to come by
A croupier waits for gamblers at a table inside the Marina Bay Sands casino in Singapore April 27, 2010. Reuters/Pablo Sanchez There's been an uptick in retail investors checking into gambling treatment centers. Treatment can be limited, as clinicians often don't understand the condition or the stock market. That's left some addicted traders discouraged – […]
Spencer Platt/Getty Images US stocks opened mixed on Wednesday with the Nasdaq up after seven consecutive declines. The Federal Reserve will release its beige book report in the afternoon, ahead of the next FOMC meeting later this month. A Wednesday Wall Street Journal article suggested that another 75-basis-point rate hike could hit in September. US stocks […]
US stocks finish lower as strong services report backs Fed’s view to keep pushing interest rates higher
Traders work on the floor of the New York Stock Exchange Andrew Burton/Getty Images US stocks fell Tuesday, turning lower in the post-Labor Day session. Stocks gave up earlier gains after a stronger-than-expected ISM services report. That bolstered views that the Fed sees the economy as strong enough to take on more rate hikes. US […]
Stocks have yet to bottom and could fall another 23% this year amid slowing growth, Morgan Stanley says
Reuters / Brendan McDermid Stocks have yet to bottom and will see more downside later this year, Morgan Stanley said. In the best-case scenario, the bank predicted that the S&P 500 would fall to 3,400 by year-end, and in the event of a recession, it would fall to 3,000. But Morgan Stanley also expects the […]
The Dow Jones Industrial Average fell more than 300 points, for its first decline in five sessions, as concerns over trade and global growth resurfaced.
U.S. shares edged higher, boosted by optimism over trade talks and signs the Federal Reserve will stay flexible with its interest-rate increases.