Newsfeeds Archive - Page 19 of 150

2 minute read

Stocks Rally As Jobs Report Rekindles Rate Cut Hopes, Apple Rockets, Bitcoin Soars Above $61,000: What’s Driving Markets Friday?

May 3, 1:51 PM

A weaker-than-expected jobs report sparked a widespread market rally in the last session of the week, as traders increased expectations on potential interest rate cuts later this year.

AMGN

3 minute read

Jobs Growth Slows, Unemployment Ticks Up, Wage Increase Cools: ‘The Market Should Love This Report’

By Piero Cingari

May 3, 12:08 PM

In April, the U.S. economy added 175,000 jobs, falling short of expectations and down from the 315,000 jobs…

QQQ

2 minute read

Services Sector Activity Contracts: ‘Business Is Slowing’ As Stocks, Bonds Trim Gains

By Piero Cingari

May 3, 10:44 AM

Following the ISM Services PMI data, market reactions saw stocks and bonds trimming their early morning gains, influenced by a cooler-than-expected jobs report.

QQQ

2 minute read

Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expected

By Piero Cingari

May 3, 8:37 AM

U.S. labor market misses April expectations, signaling slower economic growth and potential interest rate cuts. Stocks rise, Treasury yields fall.

SPY

2 minute read

Carvana Revs Up Over 1,500% In A Year, Inflicts Heavy Losses On Short Sellers

By Piero Cingari

May 2, 5:24 PM

Carvana experienced a dramatic surge on Thursday, with its stock leaping by 33% after reporting Q1 earnings that surpassed expectations.

CVNA

2 minute read

Shocker Of 2024: Utilities Overtake Tech Sector — 10 Stocks Behind The Shift

By Piero Cingari

May 2, 4:21 PM

Utilities, once the underperformers, have emerged as the surprise winners in S&P 500's first four months. Tech dipped while utilities surged.

AES

2 minute read

Wall Street Inches Up Post Fed; Chipmakers Rebound; Gold, Crude Falter: What’s Driving Market Thursday?

By Piero Cingari

May 2, 1:37 PM

U.S. stock markets surged during Thursday’s midday trading session in New York, with major averages all showing gains.

AAPL

2 minute read

April Job Report Preview: How Will Markets React To Latest Economic Data?

By Piero Cingari

May 2, 12:28 PM

April jobs report to be released Friday at 8:30 a.m. Consensus among economists suggests employment growth may slightly dip from March, but overall outlook remains optimistic. Market response likely to be positive based on previous trends.

SPY

3 minute read

Sell In May And Go Away: Does The Trading Strategy Hold Up In Election Years?

By Piero Cingari

May 2, 12:18 PM

May-October period underperforms in stock market compared to Nov-April. But historical data shows this may not always be wise, esp. in election years.

SPY

3 minute read

Federal Reserve Takes Cautious Stand On Inflation, Powell Signals Preference For Rate Cuts Over Hikes

By Piero Cingari

May 2, 9:45 AM

Federal Reserve Chairman Jerome Powell's remarks hint at a more patient and cautious approach to monetary policy, suggesting interest rates may hold steady longer than anticipated

SPY