If this stock market is shaping up like 2008, here’s where we could be headed next, says strategist

If this stock market is shaping up like 2008, here's where we could be headed next, says strategist

Those looking for a bit of good news to start the week may have to cast the net further out. Stock futures are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was already full for investors this week, with inflation one of several data points to watch, and … Read more

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stocks push higher as Powell sees path back to 2% inflation while sustaining strong labor market

US stock indexes pushed higher after a wobbly start Wednesday, leaving Wall Street potentially on to gain ground after back-to-back losses, as investors tune in to remarks by central bankers while fretting that soaring inflation is damaging the world’s biggest economy. How are stock indexes trading? The Dow Jones Industrial Average DJIA, +0.45% was up … Read more

US stock futures trim gains on view bad news is good news — and vice versa

US stock futures trim gains on view bad news is good news — and vice versa

US stock futures trimmed early gains after a stronger-than-expected rise in durable-goods data partly offset expectations for a slowing economy that in turn could limit the magnitude of Federal Reserve rate hikes. What’s happening Futures on the Dow Jones Industrial Average YM00, +0.11% erased a triple-digit gain to remainup 23 points, or 0.1%, at 31,510. … Read more

What the Fed’s biggest rate hike in decades means for the bear market in bonds

What the Fed's biggest rate hike in decades means for the bear market in bonds

Historically bad. That’s how the mammoth $53 trillion US fixed-income market has performed this year as the Federal Reserve works to curtail high inflation threatening to wreck the economy. To turbo charge the effort, the Fed on Wednesday fired off its biggest benchmark interest rate increase in nearly thirty years. But what does that mean … Read more