ETFs Archives - Page 56 of 221

3 minute read

Powell Chills Investors: ‘I Don’t Think Likely We Will Have A Rate Cut In March’; Stocks Sink In Response

January 31, 3:55 PM

Federal Reserve keeps rates unchanged, signaling a pause in tightening. Rate cuts not yet appropriate until inflation moves sustainably to 2%, Powell says.

QQQ

2 minute read

Oil’s Comeback: Middle East Turmoil Pumps Life Into 2024 Markets

By Neil Dennis

January 31, 1:51 PM

Oil prices rise in response to Middle East tensions and risks of conflict. US crude up 8% in 2024, Brent up 6%, US Oil Fund up 9.2%.

COP

2 minute read

Nasdaq, S&P 500 Slip Ahead Of Fed Meeting, Regional Banks Sink After NYCB Disappoints: What’s Driving Markets Wednesday?

By Piero Cingari

January 31, 1:45 PM

Nasdaq down 1.4%, S&P 500 down 0.9%, Dow up: Volatile day on Wall Street as tech stocks react to disappointing earnings ahead of Fed meeting.

ADP

2 minute read

‘Magnificent 7’ Tumble As $300B Vanish On Bleak AI Earnings: Could The Fed Make Things Worse?

By Piero Cingari

January 31, 1:10 PM

Tech giants lose $270 billion in market value as 'Magnificent Seven' stocks suffer from disappointing earnings reports and investor concerns over interest rate changes.

AAPL

3 minute read

All Eyes On Fed As Markets Brace For Powell Remarks On 2024 Rate Cuts

By Piero Cingari

January 31, 10:33 AM

The Fed's first FOMC meeting of 2024 is highly anticipated, with a 47% chance of a rate cut in March and concerns about inflation and asset bubbles.

SPY

2 minute read

Cathie Wood-Led Ark’s Tesla Love Affair Intensifies With $5.5M Stock Buy While Bitcoin ETF Purchases Take A Breather

By Shanthi Rexaline

January 31, 2:47 AM

The firm has accumulated Tesla shares in all four sessions following the company's fourth-quarter double miss.

ARKB

2 minute read

Energy Stocks ‘A Hedge Against Things Getting More Out of Control’ In Middle East, Says Veteran Investor

By Piero Cingari

January 30, 5:32 PM

Ed Yardeni suggests owning energy stocks to hedge against oil price shocks due to geopolitical volatility. He also discusses tech sector concentration and Fed's policy dilemma.

XLE

2 minute read

Mortgage Rates Soar, Cash Buyers Score: The New Homebuying Playbook

By Neil Dennis

January 30, 4:15 PM

Rising mortgage rates in 2023 led to 28-year low in US home loan applications. Cash sales became popular as mortgage rates rose to 6.69%.

DHI

2 minute read

US Stocks Ease Ahead Of Key Tech Earnings, UPS Sinks, General Motors Rallies: What’s Driving Markets Tuesday?

By Piero Cingari

January 30, 2:31 PM

Traders cautious ahead of tech earnings & FOMC meeting. S&P 500 & Nasdaq 100 down, Dow slightly up. Dollar & Treasury steady. JOLTS & home price data positive. UPS falls 7%, GM up 8%, Danaher up 3.5%, MSCI up 10%, Lucid up 10%, Schlumberger down 8%.

AMD

3 minute read

AI Growth, Lower Interest Rates Foil Recession Threats In 2024, Says IMF

By Neil Dennis

January 30, 1:51 PM

Fears of a severe economic downturn are fading as economic growth continues to outpace expectations. The U.S. economy is likely to grow by 2.1% in 2024 says International Monetary Fund.

BOTZ