Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August

U.S. stocks rallied on Friday after data showed the U.S. economy added more than 300,000 jobs last month, perfectly in line with investor expectations. How Stocks Trade The Dow Jones Industrial Average DJIA, +0.52% advanced 332 points, or 1.1%, to 31,999. The S&P 500 SPX, +0.53% rose 45 points, or 1.2%, to 4,015. The Nasdaq … Read more

Jeremy Grantham warns ‘tragedy’ looms as stocks ‘superbubble’ could burst

A ‘superbubble’ appears dangerously close to its ‘final act’ after the recent rally in US equities drew some investors into the market ahead of a potential ‘tragedy’, according to legendary company co-founder Jeremy Grantham. Boston-based investment. GMOs. Grantham, who has repeatedly warned investors of a market bubble, said in a paper Wednesday that “superbubbles are … Read more

Jeremy Grantham warns ‘tragedy’ looms as stocks ‘superbubble’ could burst

A ‘superbubble’ appears dangerously close to its ‘final act’ after the recent rally in US equities drew some investors into the market ahead of a potential ‘tragedy’, according to legendary company co-founder Jeremy Grantham. Boston-based investment. GMOs. Grantham, who has repeatedly warned investors of a market bubble, said in a paper Wednesday that “superbubbles are … Read more

The summer stock market rally has run out of steam. What history says about September.

The U.S. stock market’s summertime rally from year-to-date lows seen in June came to a halt in August, leaving major indexes with monthly losses as investors braced for the start of a traditionally unpleasant month for bulls scholarship holders. Since 1950, September has been the worst performing month of the year for the Dow Jones … Read more

Economist predicts recession ‘whopper’ in 2023 – and it’s not necessarily due to higher interest rates

Financial market investors fear the United States is on the brink of an economic slowdown as central bankers in Jackson Hole reaffirmed their determination to raise interest rates to tame inflation. Steve Hanke, a professor of applied economics at Johns Hopkins University, said he believes the United States is heading into a recession next year, … Read more

The Fed’s Powell triggered a 1,000 point rout in the Dow Jones. Here’s what investors should do next.

Now might be a good time to consider hiding in short-term Treasuries or corporate bonds and other defensive parts of the stock market. On Friday, Federal Reserve Chairman Jerome Powell spoke of a willingness to inflict “a bit of pain” on households and businesses in an unusually blunt speech from Jackson Hole that hinted at … Read more

Why did the stock market fall today? He finally heard Jerome Powell’s message loud and clear.

Text size Stocks fell as Jerome Powell gave a short and clear message that rates will stay high for some time. Michael Nagle/Bloomberg Jackson Hole has come and gone, and the only surprise may be that the stock market was surprised. But he was surprised. The stock market started last week on its back foot, … Read more

Stock market today: Dow drops after Powell’s hawkish remarks

Text size Fed Chairman Jerome Powell’s speech hovered over markets all week. Drew Angerer/Getty Images The stock market was selling off on Friday, as Federal Reserve Chairman Jerome Powell makes belligerent remarks on monetary policy at the annual symposium in Jackson Hole, even in the face of falling inflation. The Dow Jones Industrial Average lost … Read more

Stocks could be heading for another selloff according to RBC’s hedge fund hot dog basket

A group of the most popular stocks held by the world’s biggest hedge funds are starting to underperform the market as a whole again. According to a team of analysts at RBC Capital Markets, this is a sign that US equities could be heading for another boom. For several years now, a team of equity … Read more

US stocks generally up as strong economic data bolsters sentiment ahead of Powell speech

U.S. stocks traded mixed midday on Thursday, with the S&P 500 and Nasdaq Composite heading for back-to-back gains after a string of strong economic data as investors awaited news from Federal Reserve Chairman Jerome Powell. How Stocks Trade S&P500 SPX rose 18 points, or 0.4%, to 4,158. Dow Jones Industrial Average DJIA lost 3 points, … Read more