Harris Financial Group

Another indicator of slowing inflation came in on Friday morning with a cooler-than-expected Producer Price Index that fell 0.4% month-over-month in March. On an annual basis, producer inflation slowed to 2.7%, well below economists’ estimates of 3.3% and down from 3.2% in February....

Wall Street received some positive data Thursday morning after the Bureau of Economic Analysis upwardly revised U.S. gross domestic product growth for the fourth quarter of 2024. But, experts are concerned about upcoming GDP estimates as the effects of new trade policies are felt.  The Data: The...

The Producer Price Index for July released Tuesday showed a decline following an unanticipated rise in June, much to the relief of the markets. “The PPI data this morning came in lower than expected – across the board – which is good news for those investors that worried the Fed would have...

Financial markets are poised for a bumpy ride as they face a series of recent events that have led to a major selloff, analysts say. On Thursday, the Federal Reserve held off on cutting rates and then a cooler-than-expected U.S. jobs report landed on Friday while Iran threatened to attack Israel....

The Federal Reserve should have lowered interest rates at Thursday’s meeting, according to economists reacting to the jobs report released on Friday. The Fed has kept its key interest rate between 5.25% and 5.5% as it looks for the inflation rate to fall to 2%. “The economy and the...

The resilient market looks set to open the week’s last trading session on a modestly positive note. Stocks have been mostly higher this week following the release of a tame consumer price inflation report on Tuesday, although the upward move hasn’t been very convincing. On Friday,...

The U.S. Federal Reserve raised its target Fed funds rate by 0.75% in June and July in an attempt to get inflation under control. Investors wondering if the Fed will pull the trigger on a third 0.75% hike at its next meeting in September got some key inflation data on Wednesday morning...

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 2.25% and 2.5%, its second 0.75% rate hike in two months. The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 3% on Wednesday afternoon following the rate hike and bullish commentary from...

The Ukrainian crisis is showing no signs of abating, and financial markets have been in turbulence since Russia invaded the Eastern European country. Against this backdrop, here are ideas on how traders can insulate themselves from the market turmoil.  Valuation Compression...

The SPDR S&P 500 ETF Trust (NYSE: SPY) dropped 2.5% and the SPDR Dow Jones Industrial Average ETF Trust (NYSE: DIA) dropped 2.4% on Thursday morning after Russia launched an attack against Ukraine. What Happened? Russia invaded Ukraine overnight, with reports of missile strikes and...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 1.3% on Thursday morning after the Labor Department reported a 7.5% increase in the consumer price index in the month of January, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7.5% in January, outpacing...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% Friday morning after the Labor Department reported disappointing U.S. jobs market numbers from November. The U.S. added 210,000 jobs in November, missing consensus economist estimates of 573,000 jobs. The U.S. unemployment rate fell...

The SPDR S&P 500 ETF Trust (NYSE: SPY) traded slightly higher Friday morning after the Labor Department reported its second straight disappointing monthly jobs reports. The U.S. added just 194,000 jobs in September, falling well short of consensus economist estimates of 500,000 jobs. The U...

Markets traded lower on Friday after U.S. President Donald Trump tested positive for the coronavirus just one month ahead of the November election. Trump and First Lady Melania Trump both tested positive shortly after top Trump aide Hope Hicks tested positive. Trump’s diagnosis comes...

The SPDR S&P 500 ETF Trust (NYSE: SPY) was trading lower by another 2.1% on Friday morning despite a better-than-expected August jobs report from the Department of Labor. The U.S. economy added 1.37 million jobs in August, topping consensus economist estimates of 1.32 million. In addition, the...