Market is Price

Shares of Meta Platforms ( META ) trading higher, pushing its market market cap back above $1 trillion, a level not seen for the company since 2021. The company will report fourth-quarter earnings on February 1st. Yahoo Finance Anchors Brad Smith and Seana Smith break down the latest development for the company and what it could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino Adblock test (Why?) from "market" - Google News https://ift.tt/xSk3vQg via IFTTT

A flag of Japan flies near cargo containers at Tokyo's Odaiba Waterfront on August 6, 2020. BEHROUZ MEHRI | Contributor | Getty Images Hong Kong's Hang Seng index surged almost 2%, powered by tech stocks as other Asia-Pacific markets mostly fell. The Hang Seng Tech index jumped almost 3%, led by a 5.84% gain by tech giant Alibaba after founder Jack Ma reportedly bought $50 million of Alibaba shares listed in Hong Kong. The mainland Chinese CSI 300 was up 0.3%. Investors are also assessing economic data out of Japan, as well as factory activity data from Australia. Japan's December exports beat expectations, with its trade balance turning in a $62.1 billion surplus compared with a $122.1 billion deficit expected by a Reuters poll of economists. The data comes a day after the Bank of Japan left its monetary policy unchanged. Australia also saw flash PMI surveys from Juno Bank, which showed an expansion in manufacturing activity in January after 11 straight mont...

Toward the end of last year, things started to shift. More and more economists, executives, and analysts changed their tune, signaling that this year’s housing market will be better after a disastrous 2023 when existing home sales fell to their lowest mark since 1995 at a time when the population is 30% bigger.  The cofounder and chief executive of realty giant Compass , Robert Reffkin, insisted that the housing vibes are good — or at least, better than they were — in an interview with CNBC yesterday. “This year, all the key signs are pointing in the right direction,” Reffkin said, after quickly discussing that dire existing home sales figure. Reffkin pointed to inventory as one of those key signs indicating that the market is thawing, saying “more inventory equals more sales.” There is 7% more inventory and 5% more homes under contract today than the same time last year, Reffkin added. As the chief executive of a major residential real estate brokerage, Reffkin would cert...

[unable to retrieve full-text content] DocuSign Buyout Attempt Gives Battered Tech Debt Market a Boost    Bloomberg from "market" - Google News https://ift.tt/pn41jdA via IFTTT

Earnings season is crucial for setting the market's tone in 2024. While earnings results appear lackluster compared to previous years , is it still too early for investors to go all in on buying the dip? "There's still potential for volatility here, so it's not too late to wait for a dip to get into the market, and certainly it's not too late to get into the market now if you know that you're going to be investing for the long term," Wells Fargo Investment Institute Investment Strategy Analyst Veronica Willis says to Yahoo Finance. Willis comments on the defensive sectors she is favoring and what she is predicting from the Federal Reserve's interest rate cut timeline . For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan . Adblock test (Why?) from "market" - Google News https://ift.tt/9yzEMVL via IFTTT ...

We don't know what we want. This week, we will find out what it is that will propel us forward or turn us back after the S & P 500 on Friday closed at a new record high for the first time in more than two years. For example, we have three rails that report this week: Union Pacific , CSX and Norfolk Southern . Among them, you have pretty much every non-service portion of the U.S. economy spoken for: housing, industrial production, minerals, road building, heating, and food. What kinds of numbers do we want from these three? Do we want them softer to help the case for the Federal Reserve to lower interest rates? Or do we want them to show positive year-over-year numbers to demonstrate that there will be no hard landing for the American economy? Or do we want them plain out strong so that we flirt with tightening even as so many central bankers have assured us the Fed is done? I imagine the answer lies somewhere in the middle, the avoidance of the tightening hard landing with dec...

Americans are starting off the new year on the right foot, with their feelings about the U.S. economy continuing to improve. Preliminary data from the University of Michigan’s consumer sentiment index found that sentiment soared 13% to a reading of 78.8 in the first few weeks of January, its highest reading since July 2021. Consensus estimates had forecasted sentiment would tick down to 69.5 from December’s 69.7 reading, according to FactSet. The reading suggests that the sharp increase in December “was no fluke,” said Joanne Hsu, director of consumer surveys at the University of Michigan. “Consumer views were supported by confidence that inflation has turned a corner and strengthening income expectations,” Hsu added. Indeed, inflation expectations for the year ahead were 2.9%, the lowest reading since December 2020. Even the fact that inflation trended up slightly in December, with the consumer-price index climbing 3.4% year over year from 3.1% in November, didn’t deter c...