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Wall Street Braces For Another 0.75% Interest Rate Hike Wednesday After Private Payrolls Growth Comes In Hot
Wednesday, November 2, 2022 - 10:55am | 603The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% on Wednesday morning morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET. The bond market is pricing in a 90.2% chance of a fourth consecutive 0.75% rate hike this afternoon, according to CME...
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Wall Street Expects Another 0.75% Interest Rate Hike This Week, But Timing Of Fed Pivot Is Key
Monday, October 31, 2022 - 12:25pm | 694The SPDR S&P 500 ETF Trust (NYSE: SPY) gave up some of its October gains on Monday morning ahead of a critical Federal Open Market Committee interest rate decision on Wednesday. The bond market is pricing in an 88.7% chance of a fourth consecutive 0.75% rate hike this week, according to CME...
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S&P 500 On The Brink Of Hitting New Lows As British Pound Collapses
Monday, September 26, 2022 - 2:56pm | 665The S&P 500 added to last week's losses on Monday as the index drifted closer toward its June intraday low of 3,636.87. The S&P 500 traded as low as 3,647.74 Monday as investors consider whether the June lows will hold as technical support or stocks are headed to fresh 52-week lows...
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Market Weakness Continues Following Powell's Warning Of Interest Rate 'Pain': Catalysts To Watch This Week
Monday, August 29, 2022 - 11:54am | 565The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by another 0.8% on Monday morning after a 3.4% plunge Friday in the wake of bearish commentary from Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Symposium. Investors were hopeful that strong labor data and indications that...
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3 Reasons The Summer Stock Market Rally Has Stalled
Monday, August 22, 2022 - 10:32am | 534The SPDR S&P 500 ETF Trust (NYSE: SPY) snapped its winning streak last week and kicked off Monday with another day of steep losses. DataTrek Research co-founder Nicholas Colas discussed three reasons why the summer stock market rally has run out of steam despite four consecutive weeks of gains...
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Alibaba Stock Plummets As Chinese Regulators Pressure Jack Ma To Cede Control Of Ant Financial
Friday, July 29, 2022 - 2:07pm | 612Alibaba Group Holding Ltd - ADR (NYSE: BABA) finished a news-packed week on a low note Friday and was down about 9.5% following reports that billionaire Jack Ma is giving up control of Ant Financial. What Happened? Earlier this week, Alibaba shares briefly rallied on news the company plans to duel...
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US Dollar Reaches Parity With Euro: Why A Strong Dollar Is Bad News For These Stocks
Wednesday, July 13, 2022 - 11:42am | 499The Invesco DB US Dollar Index Bullish Fund (NYSE: UUP) traded higher by 0.1% on Wednesday as the value of the dollar has climbed in-line with the value of the euro for the first time in nearly 20 years. Inflation Is King: Wednesday morning's news that the consumer price index (CPI) increased 9...
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Market Awaits Fed Rate Hike Decision: How Aggressive Will The FOMC Get Today?
Wednesday, June 15, 2022 - 11:33am | 621The SPDR S&P 500 ETF Trust (NYSE: SPY) rebounded a bit from its early week downturn on Wednesday morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET. Market Expectations: The bond market is pricing in 97.8% chance of a 0.75% hike and a 2.2% chance...
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Why Tesla's Stock Split Is Really About 'Memes, Dreams And Themes'
Friday, April 1, 2022 - 3:30pm | 552Earlier this week, a new filing by Tesla Inc (NASDAQ: TSLA) revealed the company is planning another stock split later this year, according to Benzinga Pro. In DataTrek Research's daily newsletter this week, Nicholas Colas said stock splits shouldn't create any value for a company like...
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Russian Invasion Creates 'Upward Pressure On Inflation,' Powell Says
Thursday, March 3, 2022 - 4:31pm | 499The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher on Thursday after Federal Reserve Chair Jerome Powell testified in front of Congress for the second straight day. Powell told the U.S. Senate Committee on Banking, Housing and Urban Affairs that Russia's invasion of Ukraine will...
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ARK Innovation ETF Hits 1-Year Anniversary Of All-Time Highs: How Closely Is ARKK Tracking The Nasdaq's Dot-Com Bubble Burst?
Wednesday, February 16, 2022 - 12:50pm | 423This week marks the one-year anniversary of Cathie Wood's ARK Innovation ETF (NYSE: ARKK) hitting its all-time high of $159.70 in February 2021. Since that peak, the ARKK fund's performance has been abysmal as investors have rotated out of unprofitable, high-growth tech stocks. With ARKK...
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IBM Artificial Intelligence Supercomputer Watson Has 8 Stock Picks For 2022
Wednesday, December 29, 2021 - 12:23pm | 718It’s the time of year that investors consider which stocks to buy and sell to build their portfolio for the next 12 months. Inflation, supply chain disruptions and the ongoing COVID-19 pandemic are setting up 2022 to be an unpredictable year. One unique approach to the market for the coming...
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Why A Federal Reserve Interest Rate Hike Could Be Closer Than You Think
Tuesday, December 28, 2021 - 1:25pm | 419The U.S. Federal Reserve confirmed investor suspicions in December that multiple interest rate hikes are likely coming in 2022. The bond market is now pricing in the potential for the first rate hike to come sooner than many investors may realize. Probability Rising: According to CME Group, the...
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S&P 5,000? Here's What Analysts And Investors Expect From The Stock Market In 2022
Friday, December 24, 2021 - 1:47pm | 616As 2021 winds to a close, investors and analysts are already shifting their focus to 2022. This year marked the third consecutive year of at least 16% returns for the S&P 500, leaving investors to wonder just how much more upside they can expect from the SPDR S&P 500 ETF Trust (NYSE: SPY)...
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Analyst Advises Against Buying The Dip In AMC, GameStop: 'They May Even Be Shorts'
Tuesday, December 14, 2021 - 2:59pm | 503Shares of meme stocks GameStop Corp. (NYSE: GME) and AMC Entertainment Holdings Inc (NYSE: AMC) rebounded slightly on Tuesday after taking a beating over the last week. The mantra for their cult following of investors throughout 2021 has been to have diamond hands and buy the dip, but DataTrek...