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Shares of industrials firms and other companies sensitive to economic conditions propelled major stock indexes higher after fresh data indicated that U.S. growth remains resilient . The releases extend a stretch of data that is tamping down recession fears, but raising expectations for further interest-rate increases . Wall Street continues to wrestle with whether the Federal Reserve can engineer a soft landing, in which inflation falls to more normal levels but higher rates don't push the economy into a deep recession. Fed Chair Jerome Powell said this week that the central bank will likely need to continue hiking rates to rein in inflation given the economy's strength. Traders see a quarter-point rate increase at the next central bank meeting as highly likely. As of Thursday's close: Stocks gained. The S&P 500 and Dow industrials closed higher, while the Nasdaq Composite was roughly flat. Treasury yields jumped. The yield on the benchmark 10-year Trea...

Trader on the floor of the New York Stock Exchange, July 15, 2021. Source: NYSE U.S. equity futures were little changed on Thursday evening as investors awaited the latest data on personal consumption expenditures, the Federal Reserve's favored inflation gauge. Futures tied to the Dow Jones Industrial Average inched lower by 26 points, or 0.08%. S&P 500 futures ticked lower by 0.03%, and Nasdaq 100 futures were just above the flat line. In Thursday's regular trading , the Dow jumped nearly 270 points, or 0.8%, with help from major bank names. The  S&P 500  added close to 0.5%, and the Nasdaq Composite  ended the day flat. Friday is a pivotal day for investors, marking not just the end of the June, but also the conclusion of the second quarter and the first half. Here is where the indexes stand as of Thursday's close. For June: The S&P 500 has gained 5.18% and is on pace for its best monthly performance since January. The Nasdaq has advanced ...

Shares of materials and industrials firms propelled major stock indexes higher after fresh data indicated the U.S. economy remains strong. Both releases extend a stretch of data that's tamping down recession fears, but raising the odds of further interest-rate increases . Wall Street continues to wrestle with whether the Federal Reserve can engineer a soft landing—one in which inflation falls to more normal levels but higher rates don't push the economy into a severe recession. Fed Chair Jerome Powell said this week that the central bank will likely need to continue hiking rates to rein in inflation given the economy's strength. Traders see a quarter-point rate increase at the next central bank meeting as highly likely. In recent market action: Stocks gained. The S&P 500, Dow industrials and Nasdaq Composite all advanced. Treasury yields jumped. The yield on the benchmark 10-year Treasury note climbed to 3.829%, having closed at 3.711% the day before. ...

The world's attention has turned from China to India as the next hot major economy. Raj K Raj/Hindustan Times/Getty Images Redeem now India has overtaken China as the world's most populous country, and it's pushing for foreign investments. But foreign investors keen to enter the Indian market face various barriers to entry. The barriers include red tape, high tariffs, powerful tycoons, and a national push for self-reliance. India is the next major economy to watch. Earlier this year, India overtook China as the world's most populous country . As a large country with a young population — the median age is 28 — it's an enticing draw for companies looking to diversify their risks beyond China, which has been the factory of the world for 40 years. Indian Prime Minister Narendra Modi's administration has also been on a drive to spur the country's economy through investments. Among investors keen on investing in India are Tesla...

anusorn nakdee/iStock via Getty Images Investment Overview Vericel Corporation ( NASDAQ: VCEL ) is demonstrating consistent growth within the company’s core product lines which are proprietary and more effective than traditional competing solutions. VCEL is bringing new products to market and continues to gain share with existing products, with both factors set to drive further expansion in the coming years. Although not without risks, VCEL is a business with competitive advantages and barriers to entry and these factors will help drive significant returns over the next 2 years. Company Overview Vericel is a biotechnology business that primarily targets the sports medicine and severe burn markets with breakthrough cures and treatments. VCEL’s two main products are Epicel, a permanent skin replacement option for people with severe burns who have deep dermal or full thickness burns, and MACI, a restorative cartilage repair solution intended to cure cartilage abnormalities of the ...

Traders are also monitoring the European Central Bank's meeting of global central bankers, where ECB President Christine Lagarde said her central bank would likely raise interest rates in July. Federal Reserve Chair Jerome Powell is expected to speak Wednesday. Stocks gained. The Nasdaq Composite was rebounding a day after notching its largest two-day percentage decline since April. The S&P 500 and Dow industrials were also higher. Bond yields edged up. The yield on the benchmark 10-year U.S. Treasury note crept up to 3.762%, from 3.719% Monday. Airline stocks rallied. The gains came after Delta boosted its outlook for the year. Its share gained, along with United and American Airlines. Walgreens was the S&P 500's worst performer. The drugstore chain cut its financial outlook for the year. Lordstown Motors shares sank . The electric-truck startup filed for bankruptcy protection and sued its investment partner Foxconn Technology. Commodity and currency mar...

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36 Min Ago U.S. stocks open slightly higher 2 Hours Ago ECB's Kazāks: Next year is 'way too early' to start cutting rates ECB Governing Council member Mārtiņš Kazāks believes 2024 is "way too early" to start cutting rates and markets are getting ahead of themselves. Speaking to CNBC, Kazāks, governor of the central Bank of Latvia, said it would be crucial to watch core inflation closely as this could pull the headline rate back up again. "As to rates, how far up they will go, we cannot tell at the moment. But I would say it's not only how high up into restrictive territory rates will go but also how long will they stay there, and currently I think the markets are making the mistake of thinking the rates will come down much, much quicker, which in my view is inconsistent with the baseline we currently have," he said at the ECB Forum in Sintra. "First off, next year is way too early. I would see personally for rates to start com...

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, May 30, 2023. Brendan McDermid | Reuters Stock futures were modestly higher Monday night as investors looked toward the next batch of economic data and readied for the end of June and the second quarter. Futures tied to the Dow Jones Industrial Average added 41 points, or 0.1%. S&P 500 futures and Nasdaq-100 futures each also gained around 0.2% Those moves follow a losing day on Wall Street. The Nasdaq Composite led the way down, dropping nearly 1.2% as investors took profits on some technology stocks. Tesla slid 6%, while Nvidia , Alphabet and Meta Platforms all finished more than 3% lower. The S&P 500 closed down by about 0.5%, while the Dow was finished slightly below flat. It was the sixth consecutive negative session for the 30-stock Dow, its longest losing streak since September 2022. Despite Monday's leg down, the S&P 500 and Nasdaq are still on pace to finish J...

Home construction surged in May and prices have ticked up, even with interest rates at a 15-year high. The resilience has surprised some economists. Gianni Martinez, 31, thought that it would be fairly easy to buy an apartment. Mortgage rates are now hovering around 7 percent — the highest they’ve been since 2007 — thanks to the Federal Reserve’s efforts to tame inflation. Central bankers have lifted their official policy rate to about 5 percent over the past 15 months, which has translated into higher borrowing costs across the economy. Mr. Martinez, a tech worker, expected that to cool down Miami real estate. But instead, he is finding himself in stiff competition for one- to two-bedroom apartments near the ocean. He has made seven or eight offers and is willing to put 25 percent down, but he keeps losing, often to people paying cash instead of taking out a pricey mortgage. “Because of interest rates at 7 percent, I didn’t think it would be this competitive — but that doesn’t...

Tech stocks have rebounded so well from their down year in 2022 that there might not a buying opportunity there anymore. At least that's what some Wall Street analysts are saying as they slap downgrades on some of 2023's best performers like Tesla ( TSLA ), Apple ( AAPL )and Alphabet ( GOOGL ). "It's difficult to model upside to our current high-single-digit [websites] growth estimates," UBS analyst Lloyd Walmsley said in a note on Monday that downgraded Alphabet shares from Buy to Neutral. Walmsley joins a growing list of big tech analysts to caution about future upside in the 2023 rally. Two weeks ago, his colleague at UBS David Vogt downgraded Apple from Buy to Neutral, noting that "growth is likely to remain under pressure." In the past week alone, three analysts have now downgraded Tesla in less than two weeks. Importantly, the downgrades aren't saying that things look overly gloomy for some of the tech stalwarts. In fact, in some cases, an...

(Bloomberg) -- As a dizzying first half for US stocks draws to a close, the Nasdaq 100 Index is poised for its best opening six months to a year ever, and Wall Street is growing concerned that the Federal Reserve will derail the rally. Most Read from Bloomberg Optimism that the US central bank is approaching the end of its tightening campaign helped transform the technology-heavy gauge from 2022’s market underachiever to 2023’s early champion, with a surge of 36% erasing last year’s 33% slump. The resurgence has defied skeptics, coming in the face of bank failures, recession fears and the highest borrowing costs since 2007. But investors stuck with stocks amid signs that the US economy remains resilient and the earnings outlook appears to be improving. Historically, a robust first-half in the stock market is a good omen for the rest of the year. But Wall Street strategists are leery, warning that the rally in tech stocks looks overblown, with rich valuations and just a handful of ...

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StockByM SL Green ( NYSE: SLG ) has seen its share price fall like a rock over the past 5 years. The stock was trading around $100 per share pre-Covid, but never managed to reach those highs once the pandemic started. Currently, the shares trade at just $26 on two distinct fears: High interest rates – increasing cost of capital and lowering valuations Work from home – threatening occupancy and the very existence of offices In this article, I want to address both of these fears and conclude whether they are justified or overblown. Industry Landscape Unless you’ve been living under the rock, you’ve probably noticed an uptick in bearish headlines regarding commercial real estate and office in particular. The sentiment is now as bearish as ever, with many people arguing that offices are doomed. The bearish thesis is mostly predicated on the fact that work from home will continue to be a significant threat to occupancy and that given the tight credit market, office REITs will st...