Stocks gain in the back-and-forth session as volatile trading continues
US stocks rose in another back-and-forth session on Thursday after concerns about the economy and a weak outlook for Microsoft ( MSFT ) weighed on sentiment in morning trading. The S&P 500 rose 1.8%, rising sharply from a lower open, while the Dow Jones Industrial Average added 435 points, or 1.3%. The Nasdaq rose 2.7% on a rally in tech stocks. All three indexes rallied after two straight days of losses in a lackluster start to the holiday-shortened week. Thursday’s moves come after stocks closed lower through early June, extending a streak of volatile trading into the ninth month as…
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BEIJING (AP) — Asian stock markets were mixed Wednesday ahead of the Federal Reserve’s announcement on how strongly it will raise interest rates to cool U.S. inflation. Shanghai and Hong Kong advanced. Tokyo and Sydney declined. Oil prices rose slightly. Wall Street’s benchmark S&P 500 lost 0.4% on Tuesday as traders awaited a Fed rate hike they expect to be three-quarters of a percentage point, or triple the usual margin. They worry that the Fed’s aggressive action to cool inflation, which is at a four-decade high, could push the world’s largest economy into recession. A “fake surprise” from the Fed…
Read More »RBI MPC meeting on US jobs data: 5 factors that could affect the stock market this week
This week’s stock market: Following strong global cues and the return of foreign investors (FPIs and FIIs), Indian stocks ended higher for the third straight session on Friday. Last week, the Nifty 50 index gained 2.62 percent last week, while registering a monthly gain of 8.70 percent in July 2022. Similarly, the BSE Sensex rose 2.67 percent last week while it recorded a monthly gain of 8.50 percent in July 2022. . “The month of July turned out to be a relief for market participants as after a sharp correction in the previous three months, the Nifty bounced back this…
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UG Investment steps out of greater China as Taiwan conflict risks grow
UG Investment, one of the oldest hedge funds specializing in Chinese markets, plans to open its first office outside greater China to increase investment in Southeast Asia in a move that would help it hedge against risks from any conflict between China and China. Taiwan. The fund, which manages about $4 billion in assets, will open an office in Singapore, according to three people with knowledge of the details. It was launched in 1998 and currently operates from Taipei and Shanghai. US-China tensions have increasingly focused on Taiwan, with Russia’s invasion of Ukraine in February fueling speculation that Beijing could…
Read More »Cautious optimism seen in Kern’s economic outlook | news
Kern County economy watchers say the looming clouds of inflation and rising interest rates may combine to dampen local business activity in the coming quarters, but not yet say how severe the impact could be. Some say the area may be better prepared for a possible recession now than it was during the last one, in 2007-09. There is concern, however, that some local businesses are highly exposed to two growing factors: business operations that rely on debt and regular consumer purchases on credit. There is hope that companies that have already suffered so much from shipping bottlenecks and other…
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Diamondback Shares to Benefit from Fall in Crude Stock (NASDAQ:FANG)
ssuafoto Energy prices have fallen after rising dramatically in the first half of 2022. Crude oil is currently below $100 a barrel, down 17% from its June peak of $122. US retail gasoline prices also fell to an average of $4.44, down 15% from a peak of $5.10. The moderate correction of energy prices has caused many oil and gas-producing stocks to fall, with the Oil Exploration and Production ETF (WELL) declining about 30% from its June peak to its recent low. Popular E&P stocks such as Diamondback Energy (NASDAQ: MUD), have experienced similar losses. I think the recent drop…
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July Update: FTSE Russell Index Reconstitution Anomaly
South_agency/E+ via Getty Images Introduction Each year, the Russell indexes are rebalanced to incorporate new stocks and remove underperforming stocks. The FTSE Russell calls this event the annual reconstitution process. It begins with evaluations and “rankings” in May and moves into transition in June month. For the year 2022, from June 3, the preliminary selection lists will be communicated to the markets. Updates are provided after June 10th, 17th and 24th with the reconstituted indices it will take effect after the close on June 24 of this year. FTSE Russell Over the years, I have tested many published academic studies…
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Analysts say these 3 stocks are their top picks for the rest of 2022
Goodbye July, it’s been a pleasure. Sentiment may finally be turning on Wall Street after the stock market posted its best month since November 2020, boosted by better-than-expected quarterly results from tech giants and the prospect of the Fed tapering future rate hikes . The major indexes are still down for the year, but we are clearly in the middle of a rebound. Where this rally will go is anyone’s guess. For now, Wall Street analysts are busy picking the stocks they think are best positioned for gains over the remainder of 2H22. These “Top Picks” are an interesting group…
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