Good MorningEquity markets closed out a down month with a volatile week that ended on a sour note. The S&P 500 fell 5% in the period and is on track to shed another 5% or more. The next week will be another hurdle with key labor market reports due. Another month of solid job gains and 4.5% wage inflation will keep the Fed's foot on the economic brakes if it doesn't push them to hike rates again.
Oil prices rose while the stock market fell. WTI rose to a new 1-year high and may continue higher. The supply/demand imbalance is tilted in favor of higher prices so the trend is up regardless of where oil prices go in the near term. This means investors should expect persistent high oil prices and inflation to continue.
The next stop for the S&P 500 could be near 4,150, 3% below last week's close. That marks a critical support target at a previous resistance point which was pivotal to the summer rally. Featured: 66,000% upside on tiny biotech? (Behind the Markets) 
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In the current environment, where the SPDR S&P 500 ETF (NYSE: SPY) has faced a weekly downturn and is nearing an alarming 5% monthly loss, investors might perceive a glimmer of hope amid the turbulence.
The recent wave of selling pressure has sent shockwaves across the broader market, b... Read the Full Story |
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From Our Partners50-year Wall Street Veteran Marc Chaikin just detailed why he's avoiding NVDA and buying this overlooked A.I. stock instead. | | | | Learn more here. |
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Markets | | |
The market has been swept by a sea of red month-do-date (MTD), with the overall market, the SPDR S&P 500 ETF (NYSE: SPY) down over 3% MTD. Apart from one sector, most sectors and industries have suffered the same outcome.
While the overall market has experienced significant momentum to ... Read the Full Story |
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Markets | | |
Many investors are familiar with that uneasy feeling you can get in the pit of your stomach when a stock dives after a bad earnings announcement. It may still be a great brand and business, but this temporary - hopefully temporary - blip in the chart is often enough to send potential buyers runnin... Read the Full Story |
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Stocks | | | Asian markets declined Tuesday following a mixed session on Wall Street, where buying was pressured by rising bond yields. U.S. futures fell and oil prices also were lower. Hong Kong’s Hang Seng dropped more than 3% as investors unloaded property shares. However, China Evergrande was up nearly 16%, ... Read the Full Story |
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Despite a sudden 8% drop in the earlier part of the week, shares of Alphabet Inc (NASDAQ: GOOGL) are well on their way to undoing the dip and reclaiming their recent highs. The current rally, underway since last November, has already tacked on as much as 65% to share value. It also puts the stock ... Read the Full Story |
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From Our PartnersLove him or hate him, it’s hard to deny Elon Musk is a genius.
After revolutionizing online payment processing (PayPal), space exploration (SpaceX), and the auto industry (Tesla)...
He’s getting ready to do it again with his new AI venture. | | | | To get all the details, click here. |
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Markets | | |
Nike (NYSE: NKE) shares are sprinting higher after its FQ1 release. The takeaway from the report is that this leading shoe and apparel manufacturer’s business is normalizing in the wake of the COVID bubble, and the stage is set for continued, long-term growth. The question for investors toda... Read the Full Story |
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Markets | | | Business sentiment among big Japanese manufacturers improved in July-September for the second straight quarter, according to a central bank survey released Monday.The Bank of Japan's “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. Se... Read the Full Story |
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Markets | | | Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars a month. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38... Read the Full Story |
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Markets | | | Millions of Americans must start repaying their federal student loans again in October, with monthly payments averaging hundreds of dollars. To get ready, borrowers are cutting expenses, taking on additional work, and looking for options to reduce their monthly payments. Megan McClelland, 38, said s... Read the Full Story |
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Markets | | | China's factory activity in September recorded its first expansion in six months, an official survey said Saturday, providing another sign that the world's second-largest economy is gradually improving after its post-pandemic malaise.According to the government statistics bureau and an official indu... Read the Full Story |
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Monday's Early Bird Stock Of The Day United Parcel Service, Inc., a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States. The International Package segment provides guaranteed day and time-definite international shipping services comprising guaranteed time-definite express options in Europe, Asia, the Indian sub-continent, the Middle East, Africa, Canada, and Latin America. The company also offers international air and ocean freight forwarding, post-sales, and mail and consulting services. In addition, it provides truckload and customs brokerage services; supply chain solutions to the healthcare and life sciences industries; fulfillment and transportation management services; and integrated supply chain and shipment insurance solutions. United Parcel Service, Inc. was founded in 1907 and is headquartered in Atlanta, Georgia. | | View Today's Stock Pick |
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