-
US Pays $2M Interest Per Minute On National Debt: 'Funny, Peculiar Chicken-And-The-Egg Type Situation'
2024 May 07, 5:04am | 727The United States government is currently paying an unprecedented $2 million per minute in interest on its national debt, a figure that is expected to continue rising. This development has sparked a debate on Wall Street about the impact of higher interest rates on the economy. What Happened: The U...
-
Best Leveraged ETFs of Last Week
2024 May 06, 12:40pm | 679Wall Street was upbeat last week with the S&P 500 adding 0.6%, the Dow Jones gaining 1.1% and the Nasdaq advancing 1.4%. The benchmark U.S. treasury yield started the week at 4.63%, hit a high of 4.69% and ended the week at 4.50%. The Fed's plan to slower the balance sheet tightening...
-
A Golden Opportunity to Enter U.S. Stock Markets: 5 Top Picks
2024 May 06, 12:39pm | 1547The 15-month bull run of U.S. stock markets suffered a surprise setback in April. The Dow plunged 5%, marking its worst monthly performance since September 2022. The S&P 500 slid 4.2% and the Nasdaq Composite tumbled 4.4%. All three major stock indexes terminated a five-month winning streak....
-
4 Stocks to Add to Your Portfolio on Soaring Restaurant Sales
2024 May 06, 12:39pm | 704The U.S. restaurant industry is putting up a great show amid price pressures. Sales are soaring as an increasing number of Americans are spending freely on dining out. According to the Commerce Department, sales at U.S. food and drinking places totaled $98.1 billion in March, up 0.4% month over...
-
Stock Rally As Powell Sparks A Buying Frenzy
2024 May 06, 12:15pm | 1681By Lance Roberts The latest FOMC meeting caused a stock rally as Jerome Powell turned more “dovish” than expected. While Powell did note that progress on inflation has been lackluster, the announcement of the reversal of “Quantitative Tightening” (QT)...
-
Why Veteran Wall Street Investor Believes We're Still In A Bull Market
2024 May 06, 9:43am | 614Veteran Wall Street investor Ed Yardeni confidently stated that we are still in a bull market, underpinned by several economic indicators and market behaviors that suggest continued growth potential. Yardeni’s bullish stance is primarily supported by the prospect of the Federal Reserve...
-
Wall Street Looks To Extend Rally Amid Caution Over Fed Speeches, More Earnings: Why This Analyst Thinks Bull Market Is Still 'Quite Young'
2024 May 06, 7:09am | 1469U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022. The possibility of rate cuts has re-...
-
El-Erian Warns Fed's Data Dependence Risks Global Market Havoc: 'That Is What We've Got To Keep An Eye On'
2024 May 06, 5:07am | 641Economist Mohamed El-Erian, Chief Advisor at Allianz, raised concerns about the Federal Reserve’s data-dependent approach following the April U.S. jobs report. He suggests it could cause further disruptions in global markets. Red Flags? The April jobs report, released on...
-
Big Quarterly Beats After the Bell: AAPL, SQ, COIN & More
2024 May 03, 4:01pm | 662Thursday, May 2nd, 2024 Market indices put up healthy numbers this Thursday. Following well-behaved Jobless Claims figures (but surprisingly worse Productivity/Unit Labor Costs), off a mostly down day Wednesday and a tough ride since Monday's high, markets forged higher: the Dow gained +322...
-
Wall Street Looks To Feed Off Apple's Post-Earnings Power But Key Jobs Data May Upset The Cart: Analyst Says 'A Lot Of These Clouds Will Lift' If This Happens
2024 May 03, 7:03am | 1419Stocks look set to carry forward the upward momentum on Friday amid some earnings cheer, although a tinge of nervousness is evident ahead of the all-important non-farm payrolls report. A strong labor market would give the nod for the Federal Reserve to stay “higher for longer,” and a...
-
Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift
2024 May 02, 4:21pm | 1228If you were asked at the beginning of 2024 to imagine the top sectors of the S&P 500 for the first four months of the year, you’d likely have pegged technology and consumer services as the frontrunners, leaving others far behind. If someone had told you that utilities, the...
-
Redditors Question Change To Fed Policy: Are They 'Slowing QT To Prevent A Crash'?
2024 May 02, 3:15pm | 796The Federal Reserve’s recent policy decision kept interest rates unchanged, continuing since July 2023. However, it announced a significant reduction in its quantitative tightening (QT) program, starting in June. QT involves selling off assets to decrease money supply and raise interest...
-
Wall Street Inches Up After Powell's Inflation Remarks; Chipmakers Rebound; Gold, Crude Falter: What's Driving Markets Thursday?
2024 May 02, 1:37pm | 1035U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains. Trader sentiment rebounded thanks to positive signals from corporate earnings and relief after Fed Chair Jerome Powell dismissed the possibility of a rate hike during...
-
Federal Reserve Takes Cautious Stand On Inflation, Powell Signals Preference For Rate Cuts Over Hikes
2024 May 02, 9:45am | 864Federal Reserve Chairman Jerome Powell‘s Wednesday remarks hint at a more patient and cautious approach to monetary policy, suggesting interest rates may hold steady longer than anticipated. During the press conference following the Fed’s decision to hold rates steady in May, Powell...
-
Nasdaq, S&P 500 Futures Rise Ahead Of Apple Earnings: Why This Analyst Thinks 'No Cut' Scenario May Not Be Negative For Market
2024 May 02, 6:52am | 2095U.S. stocks look to push ahead on a positive path, now that the Federal Reserve’s rate decision is in the rearview mirror. Major index futures point to a positive open on Thursday. Pent-up demand following the recent losses could provide some upward thrust to the market but a lot would ride...