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Dow up 1% as stock market reads August jobs report as a ‘Goldilocks’ story

Energy stocks are the best performers in the S&P 500 index How stocks are trading The Dow Jones Industrial Average DJIA advanced 332 points, or 1.1%, to 31,999. The S&P 500 SPX was up 45 points, or 1.2%, to 4,015. The Nasdaq Composite COMP climbed 135 points, or 1.2%, to 11,922, on track to snap a five-day losing streak. The Dow …

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Gold hits near one-month high as yields, U.S. dollar retreat

Gold prices jumped 1.4%. Gold climbed to nearly a one-month high on Thursday buoyed by a pullback in the U.S. dollar and Treasury yields, as investors awaited Friday’s July employment report report which may influence the Federal Reserve’s path of interest rate hikes. Price Action Gold for December delivery GCZ22, 1.59% jumped $25.80, or 1.4%, to $1,802.50 per …

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U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge

Consumer prices rise 1.3% in June A surge in prices drove the cost of a gallon of gas above $5 nationwide for the very first time in June. In some places prices were even higher, contributing to the worst inflation in almost 41 years. JUSTIN SULLIVAN/GETTY IMAGES The numbers: Surging gasoline prices last month drove the …

U.S. inflation climbs to new 41-year high of 9.1%, CPI shows, as gas prices surge Read More »

Fed’s aggressive rate hikes raise likelihood of a recession

Source: By Paul Wiseman | AP Federal Reserve Chairman Jerome Powell news conference is displayed on televisions while traders work on the floor at the New York Stock Exchange in New York, Wednesday, June 15, 2022. The Federal Reserve on Wednesday intensified its drive to tame high inflation by raising its key interest rate by three-quarters of a point …

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World Bank warns global economy may suffer 1970s-style stagflation

A customer talks with a porter at a wholesale produce market on the outskirts of Lima, Peru, early on June 6. Peru is facing the highest inflation in decades, at 8.09 percent, according to the country’s statistics institute. (Martin Mejia/AP) The global economy may be headed for years of weak growth and rising prices, a …

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Brace For A Double Whammy In The Stock Market

  And now that U.S. stocks have broken a historic string of weekly losses, market analysts are looking to technical indicators to determine where the “danger zone” for equities might lie. The ‘danger zone’ According to Jonathan Krinsky, a market technician at BTIG, the new “danger zone” for U.S. stocks corresponds roughly with the 50-day …

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Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings

P/E multiple contraction is the main driver of falling share prices. GETTY IMAGES/ISTOCKPHOTO An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnings and retail-sector stocks are being pummeled. In fact, contracting …

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Dow drops over 700 points as stocks slide on fears higher costs are eroding profits

Target shares tumble after wide earnings miss A Wall Street sign is seen at the New York Stock Exchange (NYSE) on Jan. 4, 2022 in New York City. AFP/GETTY IMAGES U.S. stock indexes were trading sharply lower Wednesday, led by retailers whose quarterly results confirmed higher costs for fuel and wages are eating into profits, …

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A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939.

The Nasdaq Composite just notched the worst start to a calendar year in its history, dating back to 1971. To say that it has been a perilous stretch for bullish stock investors on Wall Street lately is a bit of an understatement. Marked by stomach-churning volatility and bruising losses in once-popular technology trades, the S&P …

A rough 4 months for stocks: S&P 500 books the worst start to a year since 1939. Read More »

COVID 2.0 WITH A STOCK MARKET CRASH COMING SOON..

U.S. stocks extend selloff as China’s COVID spread adds to Fed rate-hike worries What’s driving the markets? Following the end-of-week meltdown, stocks remained under pressure as fresh COVID lockdowns in China added to worries for already jittery investors. Beijing began testing millions of residents and shutting down business districts and some residential areas on Monday amid a …

COVID 2.0 WITH A STOCK MARKET CRASH COMING SOON.. Read More »

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