Market is Price

NEW YORK (AP) — Stocks are drifting in afternoon trading on Wall Street Thursday but remain on track for their best monthly gain in more than a year. The S&P 500 fell 0.3%, but remains up more than 8% in November. The Dow Jones Industrial Average rose 230 points, or 0.7%, to 35,662 as of 12:30 p.m. Eastern. The Nasdaq fell 0.8%. Treasury yields gained ground. The yield on the 10-year Treasury, which influences mortgage rates, rose to 4.32% from 4.26% late Wednesday. The market has been marching steadily higher in recent weeks as investors hope the Federal Reserve is finally done raising interest rates, which fight inflation by slowing the economy. Those hopes got more support with a report that the Fed’s preferred measure of inflation cooled last month . November’s rally has also been driven largely by the technology sector, where several companies with high values tend to disproportionately impact the market. Microsoft is up 11.5% and Nvidia rose 15% for the month. Also, Tre...

Traders work on the floor of the New York Stock Exchange. Lucas Jackson | Reuters The Dow Jones Industrial Average rose Thursday, as traders weighed new inflation data that increased hopes the Federal Reserve could begin cutting rates next year. Wall Street is poised to wrap up November with the strongest monthly gains in over a year. The 30-stock Dow gained 271 points, or 0.8%. The S&P 500 gained 0.1%, while the Nasdaq Composite shed 0.2%. The Dow was flirting with a new 2023 closing high, trading right around its previous high close set in August. It was just inches away from an intraday high for the year as well. The S&P 500 and Nasdaq Composite were trading about 1% away from their respective 2023 highs. Leading the Dow higher on Thursday is cloud software company Salesforce , which popped more than 7.5% on the back of better-than-expected earnings and revenue for the fiscal third quarter. Salesforce's cloud data business, which saw its revenue increase...

Netflix's gaming push Netflix ( NFLX ) announced Wednesday it plans to offer the "Grand Theft Auto" trilogy — one of Take-Two Interactive's ( TTWO ) most popular video games — as it looks to boost its video game ambitions. "Grand Theft Auto: The Trilogy – The Definitive Edition" will arrive on the platform Dec. 14 for Netflix subscribers on the App Store, Google Play, and in the Netflix mobile app. Fans can preregister beginning on Wednesday. The trilogy adds to Netflix's growing catalog of more than 80 mobile games, with more expected. Netflix shares traded flat on the news. "Games is a huge entertainment opportunity," Netflix co-CEO Greg Peters said on the company's earnings call last month. "We're talking about $140 billion worth of consumer spend on games outside of China and outside of Russia. And from a strategic perspective, we believe that we can build games into a strong content category, leveraging our current core...

U.S. stock futures rose Wednesday after comments from a Federal Reserve official fueled optimism that interest rates could be lowered sooner than expected. More Fed speakers an economic data could advance the narrative in the day ahead. Futures for the Dow Jones Industrial Average gained 120 points, or 0.3%, after the index climbed 83 points on Tuesday to finish at 35,416. S&P 500 futures were up 0.5% with contracts tracking the tech-heavy Nasdaq Composite rising 0.7%. The narrative that waning inflation will allow the Fed to cut interest rates next year continues to dominate, with momentum continuing for stocks following remarks from a governor at the central bank. Christopher Waller, who typically strikes a more aggressive tone on monetary policy, said Tuesday that he was “increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2%,” which is the Fed’s target. “Comments from a usually hawkish Fed policymaker that ther...

Wells Fargo & Co. isn’t joining in the bullish Wall Street chorus calling for the S&P 500 to end next year at 5,000 or above, warning instead that investors should be ready to “go against the grain” as the new year gets under way. In a Monday note, Christopher Harvey, head of equity strategy, and analyst Gary Liebowitz said the bank looks for the S&P 500 SPX to end 2024 at 4,625 — roughly 75 basis points above Monday’s close, a gain of just 1.6%. They... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a subscriber? Log In Adblock test (Why?) from "market" - Google News https://ift.tt/Kwvf9O2 via IFTTT

The latest comments from Federal Reserve Governor Christopher Waller sent stocks higher on Tuesday. The Dow Jones Industrial Average was up 66 points, or 0.2%, in Tuesday afternoon trading. The S&P 500 and Nasdaq Composite were flat. Waller wasn’t the only Fed official set to speak on Tuesday, but markets paid close attention to his comments about recent data showing the pace of the economy is slowing. “As the leading (both in prominence and as a key signal of future developments) moderate hawk on the FOMC currently we take his view that ‘I am increasingly confident that policy is currently well positioned to slow the economy and get inflation back to 2 percent’ very seriously,” writes Peter Williams, global macro strategist and economist at 22V Research. Fed-fund futures reacted to William’s speech, assigning a higher probability the Federal Reserve is done raising interest rates. The CME FedWatch Tool puts 96.1% odds the Federal Open Market Committee holds interest r...

LIVE UPDATES Stock Market Today: Dow Falls, Nasdaq Advances in Afternoon Trading; Shopify Shares Jump Major benchmarks are on track to record strong monthly gains Last Updated:  Nov. 27, 2023 at 2:16 PM EST U.S. stocks were mixed in Monday trading, with the Nasdaq rising, following four consecutive weeks of gains. Stocks are looking to sustain their November rally. The S&P 500 is up nearly 9% this month and the three major U.S. stock indexes are on track for their strongest monthly performances in more than a year . Monday's action follows the Thanksgiving holiday and a shortened Black Friday session . In afternoon action: U.S. stocks were mixed. The Nasdaq rose, while the Dow industrials slipped. The S&P 500 was little changed. Early signs pointed to a strong Black Friday for retailers . Investors pushed up Shopify stock . Amazon rose more than 1%, with the stock on pace for its highest close of the year. Buy-now-pa...

Investors pulled stocks in both directions Monday afternoon even as the major indexes remained on track to book their best month in over a year as an upbeat Wall Street kept rally hopes alive. The Dow Jones Industrial Average ( ^DJI ) dipped about 0.3% or almost 100 points, while the benchmark S&P 500 ( ^GSPC ) lost 0.07%. The tech-heavy Nasdaq Composite ( ^IXIC ) ticked up 0.2%. The mixed trading session comes after the averages booked their fourth straight weekly win on Friday. High optimism for an end to US interest rate hikes has buoyed November's rally in stocks, setting the Dow up for its strongest month since October of last year — and since July 2022 for the Nasdaq and S&P 500. In a sign those upbeat spirits aren't fading, the VIX — known as Wall Street's "fear gauge" — closed on Friday at its lowest level since January 2020. On Monday, the mood was muted as Wall Street got back to work after the long Thanksgiving holiday weekend. Read more: ...

Stocks were little changed on Monday but remained on track to book their best month in over a year as upbeat investors keep rally hopes alive. The Dow Jones Industrial Average ( ^DJI ), the benchmark S&P 500 ( ^GSPC ), and the tech-heavy Nasdaq Composite ( ^IXIC ) were near the flatline at the opening bell after booking their fourth straight weekly win on Friday. High optimism for an end to US interest rate hikes has buoyed November's rally in stocks, setting the Dow up for its strongest month since October of last year — and since July 2022 for the Nasdaq and S&P 500. In a sign those upbeat spirits aren't fading, the VIX — known as Wall Street's "fear gauge" — closed on Friday at its lowest level since January 2020. On Monday, the mood was muted as Wall Street got back to work after the long Thanksgiving holiday weekend. But a fresh reading on PCE inflation due Thursday could put the rally to the test , given it's the Federal Reserve's prefer...

LIVE UPDATES Stock Market Today: Indexes Waver in Monday Trading; Black Friday Bonanza Boosts Shopify Major benchmarks are on track to record strong monthly gains Last Updated:  Nov. 27, 2023 at 12:01 PM EST U.S. stocks were mixed in Monday trading following four consecutive weeks of gains. Stocks are looking to sustain their November rally. The S&P 500 is up more than 8% this month and the three major U.S. stock indexes are on track for their strongest monthly performances in more than a year . The market is getting back into gear after the Thanksgiving holiday and a shortened Black Friday session . In early afternoon action: U.S. stocks wobbled. The S&P 500, Dow industrials and tech-focused Nasdaq Composite were all making small moves. The Dow was down less than 100 points. Early signs pointed to a strong Black Friday for retailers . Investors pushed up Shopify stock . Amazon rose more than 1%, with the stock on pa...

Stock futures dipped on Sunday evening as Wall Street looks to build on four straight positive weeks for the equity market. Futures for the Dow Jones Industrial Average ticked down 38 points, or 0.1%. Futures for the S&P 500 and Nasdaq 100 slipped about 0.2% each. Wall Street is coming off the fourth-straight winning week for all three major averages, as stocks have rallied since the 10-year Treasury yield retreated from the 5% mark it briefly topped in late October. The rally has come despite warnings from some U.S. retailers that consumer spending is weakening . Traders will be looking for updates about the start of the holiday shopping season after Black Friday. Weak spending data could suggest that the Federal Reserve's rate hikes are finally starting to weigh on the broader economy. "The New York Fed's latest household survey shows that a record-high share of consumers are saying that it is much harder to obtain credit ... This is what the textbook would h...

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[unable to retrieve full-text content] Pitfalls Lie in Wait for Emerging Markets After Euphoric Month    Bloomberg from "market" - Google News https://ift.tt/ytwCT74 via IFTTT

More than 50 Black-owned vendors from around the Milwaukee area welcomed customers to Turner Hall Saturday at the second annual Blackity Black Holiday Market. "Oh, my God, this is great," said Karen Simmons, who shopped at the market for the first time Saturday. "The variety of artists is just wonderful. It's wonderful. I love it!"The event was hosted by The African American Chamber of Commerce, Historic King Drive BID, and We Got Soul MKE.The market fell on Small Business Saturday, with the participating Black-owned businesses selling specialty items. "This event offers a lot of exposure to Black-owned businesses," said Rosha Brister, owner of Style Pop Cafe. "It gives us an opportunity to showcase our craft coffee creamers, and to also let people know that we're opening up a shop in Walker's Point."In addition to food and vendors, attendees also enjoyed performances by Milwaukee-area artists and music curated by DJ Anthony Foster. ...

[unable to retrieve full-text content] Former Cincinnati Reds Top Prospect Drawing Interest on Open Market    Sports Illustrated from "market" - Google News https://ift.tt/xvpPqkh via IFTTT

There’s new evidence that market timing doesn’t work. Your odds of success are better if you just hang on and aim for average returns, our columnist says. Selling all of your stock just before the market falls, and buying shares just before the market rises, is a brilliant strategy. If you could really do it, you would have bragging rights among your friends. And if you could repeat the feat over and over again, you would be fabulously rich — a true stock market wizard. But the ability to trade like that is rare, if it exists at all. Without question, it’s so hard that the vast majority of professional traders can’t do it, as countless studies have shown. I certainly can’t. Most of us are better off living with the reality that the stock market moves down as well as up, and that we can’t beat it. A new study provides fresh evidence of why it makes sense to strive for an absolutely middling return. And the study implies that a simple, unspectacular strategy — buying and holding ...