LPL Financial

Thursday saw the U.S. stock market displaying mixed performance as 10-year Treasury yields approached the 5% threshold, only to recover in response to Federal Reserve Chair Jerome Powell‘s opening remarks prior to his Economic Club of New York address, prompting traders to scale back their...

Wall Street started the week on a positive note, as all major U.S. indices and every sector within the S&P 500 showed gains during the morning session, alleviating the concerns that arose on Friday. Traders deduced from the better-than-expected Q3 earnings reports of major U.S. banks, that the...

The third-quarter reporting season starts in earnest this week, with some high-profile names from the financial and tech spaces in the earnings mix. Mixed Expectations: S&P 500 earnings will likely increase for the first time in a year, according to FactSet. The blended year-over-year earnings...

Data issued by Automatic Data Processing Inc (NASDAQ:ADP) on Wednesday raised concerns over the decelerating pace of monthly employment growth among private U.S. businesses. This marked the third consecutive month of declines as September numbers rolled in, and details of the report painted a...

The Personal Consumption Expenditure (PCE) Price Index for August, the Federal Reserve’s favored inflation measure, issued on Friday, showed mixed outcomes and supported investor uncertainty over potential adjustments in the Fed’s stance on interest rates. PCE By The Numbers: Headline...

It’s a quiet start to the week for the U.S. stock market, with investors eagerly anticipating the crucial Federal Reserve interest rate decision scheduled for Wednesday. While major indices are showing little movement, there are slight gains overall, as the recent bullish momentum of the U.S...

Stocks remained muted Thursday, as rising yields on long-term Treasury bonds dampened risk appetite. The yield on the U.S. 10-year Treasury note soared to 4.31%, the highest since October 2007. The 30-year yield rose to over 4.4%, its highest point since March 2011. Both the S&P 500 and the...

The broad market SPDR S&P 500 ETF Trust (NYSE:SPY) pushed lower on Friday following the Bureau of Labor Statistics release of the latest Producer Price Index data. Here’s what you need to know about the numbers and what leading economists are saying about the market-moving data. PPI, By...

The U.S. stock market has started the week on a lackluster note, with all indices hovering around Friday’s closing values. Traders are adopting a more cautious approach as they await crucial events scheduled for the week. The market will be heavily influenced by significant earnings reports,...

U.S. stocks are continuing their rally Wednesday, with the S&P 500 index on track for its seventh positive session in the last eight, reaching levels last seen in early April 2022. The Dow crossed the 35,000 milestone, on track for its fourth straight session of gains. Strong earnings remain...

Economic data issued Thursday indicates a marked reduction in pricing pressures in June, causing many investors to anticipate an end to the Federal Reserve's interest rate hike cycle, except for one final 25-bps hike in July. What Happened: The Producer Price Index (PPI) increased by 0.1% in June,...

Wednesday’s release of the FOMC June 14 meeting minutes showed a clear agreement for continued interest rate hikes next year. The consensus echoes Fed Chair Jerome Powell's stance, who has been pushing for two additional increases in 2023. Despite the strength of the economy and the tightened...

The Core Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 4.6% year-over-year in May, lower than the expected 4.7%, according to data issued Friday by the U.S. Bureau of Economic Analysis. The market adjusted expectations for a Fed...

U.S. housing starts in May saw the highest increase since 2016, along with an uptick in applications to build, indicating a rejuvenation of residential construction. What Happened: Data issued by the Federal Reserve of St. Louis showed a 21.7% jump in the initiation of home construction, reaching...

The Personal Consumption Expenditure (PCE) price index, the Federal Reserve’s preferred measure of inflation, rose to 4.4% year over year in April, the U.S. Bureau of Economic Analysis reported Friday. The increase, which was ahead of both the projected 4.3% rise and March’s 4.2% surge...