Good MorningEquity markets moved down to set a two-week on Thursday, ahead of the much-anticipated August labor market report. The report is expected to show resilient labor market conditions, with jobs growing by 160,000 and unemployment falling. The risk is twofold: As-expected data may keep the FOMC from lowering interest rates as hoped, while weak data could ignite fear of a recession. Markets are likely to continue falling in either scenario.
The S&P 500 shows a double top formation. The question is whether the market has turned a corner into a trading range or made a sharper turn and will head lower. The 5,500 is the critical level for Friday trading, and a large move is expected. The VIX shows an elevated level of fear, indicating an increased chance of volatility, if not a move lower for the S&P 500. Featured: MSFT, NFLX, GOOGL all winners. MRVL next? (WealthPress) 
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Markets | | | Emerging markets are rapidly growing economies transitioning from developing status to becoming major players on the global stage. They have experienced notable shifts in their economic structures, often marked by industrialization, rapid technological advancements, and expanding middle classes. Whi... Read the Full Story |
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A lot of chatter has been going on around the subject of the U.S. economic situation right now. On one side, some market participants think that the S&P 500 could keep on making new all-time highs, while others believe that a recession is about to unleash a major bear market. Investors can pla... Read the Full Story |
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Markets | | | Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy. The S&P 500 dropped 1.7% to close out its worst week since March 2023. Broadc... Read the Full Story |
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Stocks | | | Most U.S. stocks fell Thursday following a mixed round of data on the economy, keeping them on track for their worst week since April.The S&P 500 slipped 0.3% for a third straight drop, and the Dow Jones Industrial Average lost 219 points, or 0.5%. The Nasdaq composite held up better than the re... Read the Full Story |
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Few investors at the start of the year would have expected NVIDIA Corporation (NASDAQ: NVDA) to be “trading in bear territory” by the end of the summer. But that’s exactly what Goldman Sachs called it yesterday, as the tech titan continued to struggle for upward momentum after la... Read the Full Story |
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REV Group's (NYSE: REVG) stock price rose more than 200% in 12 months because of business strength, cash flow, and balance sheet health, and it can continue to set new highs. The guidance for Q3 is tepid, leading to a significant pullback in share prices, but the move revealed robust support align... Read the Full Story |
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Markets | | | Former President Donald Trump suggested to business leaders Thursday that his plans to increase tariffs on foreign imports would solve seemingly unrelated challenges such as the rising cost of child care in the U.S.The GOP presidential nominee promised to lead what he called a “national economic ren... Read the Full Story |
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Markets | | | Hiring by America’s employers picked up a bit in August from July’s tepid pace, and the unemployment rate dipped for the first time since March in a sign that the job market may be cooling but remains sturdy Read the Full Story |
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Markets | | | A side of beef bigger than a classroom desktop sat before high school students huddled around a kitchen on New York's Lower East Side. “Anyone wanna jump in?” asked the butcher teaching the Tuesday afternoon class. One student dared, grabbing a sawblade about as long as his arm and sweating to succe... Read the Full Story |
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Friday's Early Bird Stock Of The Day Nerdy, Inc. operates platform for live online learning. The company's purpose-built proprietary platform leverages technology, including artificial intelligence to connect students, users, parents, guardians, and purchasers of various ages to tutors, instructors, subject matter experts, educators, and other professionals, delivering value on both sides of the network. Its learning destination provides learning experiences across various subjects and multiple formats, including one-on-one instruction, small group tutoring, large format classes, tutor chat, essay review, adaptive assessment, and self-study tools. The company's flagship business, Varsity Tutors, operates platforms for live online tutoring and classes. Its solutions are available directly to learners, as well as through education systems. The company was founded in 2007 and is headquartered in Saint Louis, Missouri. | | View Today's Stock Pick |
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