

Joe Rennison
Posts

Stocks Suffer Sharpest Weekly Decline of 2024
Investors had been put on edge by a stronger-than-expected inflation report earlier in the week. Rising tension in the Middle East heading into the weekend...

Markets Slide After Unexpectedly Strong Inflation Report
Stocks fell and bond yields jumped as investors reassessed when the Federal Reserve may begin cutting interest rates.

Price of Gold Sets Series of Record Highs, Usually a Sign of Unease
The move has puzzled Wall Street, as it comes as the outlook for the economy has improved and inflation has generally cooled.

Traders Are Betting Millions That Trump Media Will Tumble
The parent company of Truth Social is a popular target for short-sellers, even after they lost $100 million last month betting on a decline in...

S&P 500 Surges to Start the Year
The S&P 500, rising 10 percent, set the pace as investors looked forward to interest rate cuts.

Investors Pour Money Into Wall St. as Stocks Set New Highs
The influx of cash reflects optimism about the economy and company earnings despite high interest rates and stubborn inflation.

Japan Raises Interest Rates for First Time in 17 Years
Higher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank.

Stocks Jump as Nvidia Sets Off Tech Rally
It was the S&P 500’s best day in more than a year, and the tech-heavy Nasdaq composite rose more than 3 percent.

Nvidia Is a Must-Buy. Or Is It?
The chipmaker’s high “price to sales” ratio reflects investor enthusiasm around its growth prospects. But relying on that metric created trouble during the dot-com boom.

Wall Street Is Already Placing Bets on the Biden-Trump Rematch
Traders and strategists are thinking about all the ways that November’s election could alter the mood in markets.