Markets

US heading into shallow recession, no respite from rate hikes yet: Reuters poll

BENGALURU, Dec 9 (Reuters) – The US economy is heading into a short and shallow recession over the coming year, according to economists polled by Reuters who unanimously expected the US Federal Reserve to go for a smaller 50 basis point interest rate hike on Dec . 14. The Fed has another half-point at least …

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CNH Industrial’s CEO sees lack of growth in China’s construction market

(Adds comments, context) By Bianca Flowers Dec 8 (Reuters) – Farming and construction manufacturer CNH Industrial’s decision to permanently halt construction sales in China was due to declining market share and competition from local companies, the company’s CEO said on Thursday. Mounting debt from Chinese property developers has been the catalyst for falling housing prices …

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Market Rally Ends Losing Streak, Nvidia Jumps; 5 Stocks Near Buy Points

Dow Jones futures were little changed in extended trading, along with S&P 500 futures and Nasdaq futures. Lululemon, Costco and Broadcom reported earnings after the close. X The stock market rally rebounded modestly on Thursday, but only regained a small portion of the losses suffered in the last several days. Investors should still be cautious …

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Microsoft Corp. stock rises Thursday, outperforms market

Shares of Microsoft Corp. MSFT, +1.24% rallied 1.24% to $247.40 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +0.75% rising 0.75% to 3,963.51 and the Dow Jones Industrial Average DJIA, +0.55% rising 0.55% to 33,781.48. The stock’s rise snapped a three-day losing …

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Bear market in 2022 speeds up ‘great migration out of mutual funds into ETFs’

Hello! In this week’s ETF Wrap, you’ll get a look at ETF flows in 2022’s bear market in stocks and bonds and a view of how some assets have fared as investors look ahead to 2023. Please send feedback and tips to christine.idzelis@marketwatch.com. You can also follow me on Twitter at @cidzelis and find me …

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Investable Wine Markets Hit New Highs in 2022

Fine wine markets had another record year in 2022 as investors’ interest in alternative, tangible assets continued to grow. Pixabay Text size Fine wine markets had another record year in 2022 as investors’ interest in alternative, tangible assets continued to grow, but there are warning signs of weakening sales in the short term, according to …

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Oil trader Trafigura posts record profit in volatile energy markets

Oil price Commodity trader Trafigura booked a record profit for the financial year that ended September 30 in an unprecedented energy market volatility after the Russian invasion of Ukraine. Source: Reuters Trafigura, one of the biggest independent oil and commodity traders in the world, reported on Thursday a net profit of $7 billion for the …

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What’s In Store For The Stock Market After The Midterm Election

Midterm elections, like the one we just had on November 7, tend to impact the stock market in predictable ways. Stocks tend to sell off and volatility increases before the vote, then the market typically calms down and rebounds in the months afterwards and through the first half of the following year. Has this midterm …

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Stocks rise after five days of losses for S&P 500

US stocks rose Thursday morning as investors attempted to stymie this week’s losing streak across equity markets from stretching into another day as rate jitters and recession chatter hamper a seasonally bullish period for Wall Street. The S&P 500 (^GSPC) climbed 0.4% while the Dow Jones Industrial Average (^DJI) bounced 130 points, or also about …

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