As the Israel-Hamas war draws into into its fourth week, the risks to the global economy are rising, economist Mohamed el-Erian said Monday. The conflict ramped up on Monday, after Israeli military said it had widened its ground offensive in Gaza as it continues its assault in response to the...
CNBC's Jim Cramer has spent hours trying to figure out why the bank stocks failed to rally after the Federal Reserve's announcement that it would hike interest rates four times in 2018 instead of three. He reviewed all the conventional wisdom: that a flatter yield curve is suppressing what would...
The Dow Jones Industrial Average have now entered a correction, falling more than 10% from its February peak. The blue-chip index has been hard hit this week as spiking Covid cases in the U.S. ignited fears over the economic...
The S&P 500 ended Monday’s session near the flat line as traders prepared for the release of key inflation data. The broad-market index ended the day down 0.08% to close at 4,411.55. The Nasdaq Composite closed 0.22% lower to end at...
Apple Inc. has struggled to meet Wall Street’s expectations for iPhone units sales in recent quarters, but the company has surprised investors by getting consumers to pay ever more for its phones. The company’s strategy around its next iPhone launch will determine whether the trend continues. Morgan Stanley analyst Katy Huberty...
An increasingly bearish picture is unfolding for the U.S. dollar, which has suffered its worst week since March on signs that Federal Reserve money printing rather than government spending may be deployed to bolster the economy in the aftermath of Tuesday’s elections.
Stocks rose Wednesday after yields briefly fell to their lowest level in two months, and the November market rally broadened into the Thanksgiving holiday. The Dow Jones Industrial Average gained 184.74 points, or 0.53%, to 35,273.03. The S&P 500 climbed 0.41%...
Gold prices have been all over the place in the past one year, but some gold stocks have moved in only one direction: south. As of this writing, Canada-based gold miner Eldorado Gold (NYSE:EGO) is down a whopping 66% in one year. South African miner Sibanye-Stillwater (NYSE:SBGL) is swiftly...
U.S. stocks rose on Friday as investors bet again on stocks that would benefit from a potentially effective vaccine and economic recovery next year. The S&P 500 advanced 1.4% to 3,585.15, and posted a record closing high. The Dow...
Wells Fargo Securities is officially out with its 2024 stock market forecast. Chris Harvey, the firm’s head of equity strategy, sees a volatile path to his S&P 500 to 4,625 year-end target. “It’s really hard to get excited. If we have better growth, then the Fed doesn’t do anything,” he told...
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