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Fed Chair Powell: Another 0.75% Rate Hike On The Table For July
Wednesday, June 15, 2022 - 3:52pm | 460The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher in a volatile session on Wednesday following the Federal Reserve's largest interest rate hike since 1994. The Federal Open Market Committee opted to raise fed funds rates by 0.75% on Wednesday to a new target range of between 1.5%...
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US Adds 428,000 Jobs In April: 'Growth With Less Wage Pressure'
Friday, May 6, 2022 - 9:38am | 452The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.5% Friday morning after the Labor Department reported strong U.S. jobs market numbers from April. The U.S. added 428,000 jobs in April, beating consensus economist estimates of 400,000 jobs. The U.S. unemployment rate remained at 3.6%,...
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Federal Reserve Raises Interest Rates By 0.5% For First Time In More Than 2 Decades
Wednesday, May 4, 2022 - 2:10pm | 481The Federal Reserve raised its target fed funds rate by 0.5% on Wednesday to a new range of between 0.75% and 1.0%, its first rate hike of at least half a percentage point in more than 20 years. The Fed also said it will begin reducing the size of its balance sheet starting on June 1. “...
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'Probability Of Stagflation Is Increasing': Experts React To 8.5% CPI Inflation, Highest Since 1981
Tuesday, April 12, 2022 - 11:31am | 491The SPDR S&P 500 ETF Trust SPY (NYSE: SPY) traded higher by 0.9% on Tuesday morning after the Labor Department reported an 8.5% increase in the consumer price index in the month of March, the highest inflation growth since 1981. What Happened: The headline CPI rose 8.6% in March, above...
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What 9.7% PPI Inflation Means For Investors
Tuesday, February 15, 2022 - 4:14pm | 432The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher Tuesday after the U.S. Labor Department reported a 9.7% increase in the producer price index in the month of January, far outpacing economist expectations. The PPI climbed 1% compared to December, double the 0.5% monthly increase...
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US Adds 467,000 Jobs In January: 'Good For The Economy, But Not For Markets'
Friday, February 4, 2022 - 11:04am | 605The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.2% Friday morning after the Labor Department reported encouraging U.S. jobs market numbers from January. The U.S. added 467,000 jobs in January, beating consensus economist estimates of 150,000 jobs. The U.S. unemployment rate ticked...
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Gold Is Outperforming Bitcoin And The Stock Market In The Past 3 Months: What's The Better Hedge?
Friday, January 21, 2022 - 9:35am | 421In the past three months, investors have grown increasingly concerned about the negative potential impact of elevated inflation levels and rising interest rates in 2022. But while stock prices and cryptocurrency prices have lagged, gold has outshined them both. Golden Performance: In the past three...
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Are True Inflation Levels Higher Than CPI Suggests?
Thursday, January 13, 2022 - 6:10pm | 575The U.S. Labor Department reported on Wednesday a 7% increase in the consumer price index (CPI) in the month of December, the fastest inflation growth since 1982. Some investors are concerned true inflation levels are higher than the CPI suggests. CPI Vs. PPI: To calculate the CPI, the Bureau of...
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'Risks Are Rising': Experts React To 7% CPI Inflation, Highest Since 1982
Wednesday, January 12, 2022 - 10:50am | 563The SPDR S&P 500 ETF Trust (NYSE: SPY) traded higher by 0.4% on Wednesday morning after the Labor Department reported a 7% increase in the consumer price index in the month of December, the fastest inflation growth since 1982. What Happened: The headline CPI rose 7% in November, in-line with...
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US Adds Just 199,000 Jobs In December, Unemployment Rate Falls To 3.9%
Friday, January 7, 2022 - 10:02am | 398The SPDR S&P 500 ETF Trust (NYSE: SPY) traded lower by 0.3% Friday morning after the Labor Department reported disappointing U.S. jobs market numbers from December. The U.S. added 199,000 jobs in December, missing consensus economist estimates of 422,000 jobs. The U.S. unemployment rate fell to...
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5 Keys To Investing In The Second Half Of 2020
Wednesday, July 8, 2020 - 2:00pm | 708The first half of 2020 was one of the strangest in recent memory, and the COVID-19 outbreak rages on in the U.S. and around the world. However, Wall Street actually held up fairly well in a volatile first half of the year, with the SPDR S&P 500 ETF Trust (NYSE: SPY) down just 2.2% overall after...
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How To Trade The Last Fed Rate Decision Of 2019
Wednesday, December 11, 2019 - 11:10am | 765The Federal Reserve is expected to maintain its target interest rate range at between 1.5% and 1.75% on Wednesday afternoon when it releases its post-meeting statement at 2 p.m. Investors will be watching for any surprise changes to rates and indications from the Fed about where rates could be...
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LPL Financial: 'Better Times Lie Ahead For Corporate Earnings Growth'
Tuesday, October 15, 2019 - 3:35pm | 495The third-quarter reporting season has kickstarted, with the big banks turning in mixed results. Notwithstanding muted expectations for the quarter, an analyst at LPL Financial is hopeful about the future. Little To Cheer In Q3 The third-quarter earnings season does not hold much...
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12 Cheapest Stocks In The S&P 500
Tuesday, September 10, 2019 - 12:14pm | 561Value stocks have underperformed growth stocks for over a decade, and 2019 is no exception. So far this year, the Vanguard Growth ETF (NYSE: VUG) is up 23.5%, while the Vanguard Value ETF (NYSE: VTV) is up just 13.7%. JPMorgan recently said value stocks are currently trading at their largest...
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Experts: Keep The Yield Curve Inversion In Perspective
Wednesday, August 14, 2019 - 4:23pm | 561U.S. markets fell on Wednesday after the yield on the 10-year Treasury note fell below the yield on 2-year Treasury notes on Wednesday morning for the first time since 2007. According to the San Francisco Fed, each of the nine U.S. recessions that have occurred since 1955 came between six months...