Good MorningEquities steadied on Thursday following Wednesday’s FOMC-induced plunge. The action was bolstered by better than expected ISM data but may not be an end to the selling. The Fed’s new stance on inflation is hawkish and points to an aggressive round of rate hikes that has the yield on the ten-year treasury spiking. The yield jumped again on Thursday and threatens to break the bond market out to a new high. If the TNX moves up to set a new high above 1.750% it will open the door to a move up to 3.0% or higher.
Today’s action will be driven by the NFP however. The NFP is expected to be strong after the robust ADP report on Wednesday. A strong report coupled with lower unemployment and accelerating wage growth would seal the deal on interest rates and virtually guarantee a hike within the next 2 to 3 FOMC meetings.
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Markets | | | You already know that MarketBeat is a reputable source of financial information that can hold its own against any of its native digital competitors. But how does MarketBeat stand up against a financial news network? That’s the purpose of this article. In this case, we’ll be comparing MarketBeat to CNBC so you can better understand what each service provides, particularly if investors choose to access the company’s premium services. Read the Full Story |
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Tech | | | Asian markets were mixed Friday after more declines in big technology stocks pulled major indexes lower on Wall Street.
Tokyo, Shanghai and Taiwan slipped but most other regional markets advanced. U.S. futures also were higher.
A resurgence of coronavirus outbreaks ha... Read the Full Story |
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Tech | | | World markets were lower Friday, tracking a retreat on Wall Street led by declines in big technology stocks.
Shares fell in Paris, Frankfurt, Tokyo and Shanghai but rose in Hong Kong. U.S. futures also slipped.
A resurgence of coronavirus outbreaks has added to uncert... Read the Full Story |
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Markets | | | Fitness beverage maker Celsius Holdings, Inc. (NASDAQ: CELH) stock had an explosive rise followed by a death defying drop into the end of 2021. Shares skyrocketed as a direct result of the reopening trend as fitness clubs and gyms reopened as well as commuters hitting the roads again. While gross sa... Read the Full Story |
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Politics | | | Consumer prices in the 19 countries that use the euro currency soared at a record rate, led by a surge in food and energy costs, figures showed Friday.
Inflation rose to 5% in December compared with a year earlier, according to Eurostat, the European Union's statisti... Read the Full Story |
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Politics | | | The Biden administration is distributing an additional $4.5 billion in funds to help low-income Americans cover heating costs during a second pandemic winter, with cold-weather states receiving the largest share Read the Full Story |
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Markets | | | China’s lockdowns of big cities to fight coronavirus outbreaks are prompting concern about more disruptions to global industries after two makers of processor chips said their factories were affected.
That has added to unease about the omicron variant's global economic impact. Analyst... Read the Full Story |
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Markets | | | Walgreen’s (NASDAQ: WBA) reported a great quarter in which it beat on the top and bottom lines, and raised guidance, and yet shares are falling. The market appears to have latched onto the company’s increase in labor-related spending, what Walgreen’s refers to as an investment in team members, and its potential impact on the bottom line. Read the Full Story |
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Markets | | | Helen Of Troy (NASDAQ: HELE) reported a truly astonishing quarter relative to the analyst’s estimates and has proven one thing if nothing else; the company is navigating the supply chain and inflationary headwinds with grace and style. Read the Full Story |
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