Thomas Barkin

Wall Street ended Thursday’s session on a positive note, extending midday gains and breaking the recent trend of afternoon declines. Investor sentiment was bolstered by lower-than-expected initial jobless claims last week, alleviating fears of a more structural increase in unemployment...

Members of the Federal Reserve have indicated that they are in no rush to raise interest rates in speeches given on Tuesday. “We’re Clearly On The Backside Of Inflation“ Federal Reserve Bank of Richmond President Thomas Barkin said he needs to see more progress in getting...

Early Tuesday futures trading suggested a pause after the tech-driven rally of the previous session. Global cues were negative, with Asian markets retreating and European markets opening lower. Commodities dipped, and bond yields remained flat. Traders may be cautious until Nvidia...

U.S. stocks are likely to extend their gains as major index futures are modestly higher on Monday. Strong earnings reports continue to support the market, with S&P 500 earnings expected to grow by 5% year-over-year — the highest rate since Q2 2022. The possibility of rate cuts has re-...

Earnings optimism may partly offset worries concerning rising bond yields and the volatile geopolitical situation in the Middle East, with the index futures trading mixed early Tuesday. Israel is considering its next course of action, adding to the uncertainty. Domestically, inflation...

Editor’s note: This story has been corrected to fix a quote from Minneapolis Fed President Neel Kashkari that was misattributed to Chicago Fed President Austan Goolsbee. The Federal Reserve appears to be more concerned about inflation than previously anticipated, according to statements made...

Major U.S. stock averages traded on a mixed note at midday in New York, with the S&P 500 grappling with the psychological resistance level of 5,000, while the tech-heavy Nasdaq 100 managed to reach fresh record highs. On a relatively data-thin day, Federal Reserve officials continued to...

Thursday’s session is set to open on a positive note for U.S. stocks, with attention focused on forthcoming inflation data that could influence trading direction. A lower-than-expected inflation figure might trigger a rally, propelling the S&P 500 Index to new highs. Conversely...

Stocks could be headed lower yet again on Friday, with the market off to a rocky start for the year. Technology stocks are getting thrashed amid the risk aversion in play. The all-important jobs report holds the key to determining the day’s trading direction. Important metrics to track,...

The early 2024 sell-off is intensifying on Wall Street, with all major stock averages in the red on the second trading day of 2024. The tech-heavy Nasdaq 100 plunged by 1% at noon in New York, extending its two-day slump to 2.6%. Wednesday’s declines spare no mercy for the blue-chip stocks...

Richmond Federal Reserve President Tom Barkin delivered a mixed message about the U.S. economy in his recent speech, signaling a cautious optimism regarding the potential for a so-called “soft landing,” while also not ruling out additional rate hikes. “A soft landing is...

U.S. stocks could start the holiday-shortened week on a positive note, with the momentum from the past week likely to carry over. The developments around Friday’s boardroom coup at OpenAI and its implications for Microsoft Corp. (NASDAQ:MSFT) and other AI stalwarts could create some ripple in...

The stock markets is in a lackluster session on Thursday, with traders eagerly awaiting more clues on monetary policy from Fed Chair Jerome Powell, who is set to deliver live remarks at 2 p.m. in Washington. In other Fed commentary, Richmond Fed President Thomas Barkin emphasized the need for an...

The market mood has turned cautious after the strong gains seen since the start of the week, with traders likely using Apple, Inc.’s (NASDAQ:AAPL) disappointing guidance as a reason to take profits. On the other hand, most other earnings reports have come in better than expected. A further...

Risk sentiment held steady on Tuesday as corporations continued to report better-than-expected earnings. Johnson & Johnson (NYSE:JNJ), Bank of America Corp. (NYSE:BAC), Goldman Sachs Group Inc. (NYSE:GS), and Lockheed Martin Corp. (NYSE:LMT) all exceeded quarterly earnings expectations. An...