Category: Stock market

U.S. stock futures were muted headed into overnight trading on Wednesday after the S&P 500 and Dow each extended a rally to close at all-time highs amid a thinly-traded last week of 2021 on Wall Street.

Contracts on the Dow, S&P, and Nasdaq were mostly unchanged. 

Intraday market swings were exaggerated by the low trading volumes. Economic and earnings calendars remain light for the final two trading days of the year, though investors will turn their attention on Thursday to fresh data out of Washington on weekly jobless claims.

First-time unemployment filings are expected to tick up slightly from last week…….

Although the S&P hit a record as recently as Monday, the Dow hasn’t reached a new high since early November.

The Dow finished up 91 points, or 0.3%, while the S&P closed 0.1% higher.

The Nasdaq Composite (COMP) finished down 0.1%.Although the gains were broad-based, travel-related stocks, including American Airlines (AAL) and United Airlines (UAL), didn’t fare so well Wednesday, amid sweeping cancellations and worries about the Omicron variant.

The rise of Covid infections due to the highly infectious Omicron variant continues to be a concern as pandemic restrictions returned across various European countries. The …….

The S&P 500 and Dow Jones Industrial Average each soared to records on Wednesday, as the Dow extended its winning streak into a sixth day and the S&P 500 resumed a previous rally after wavering in intraday trading.

After struggling to stay afloat during the session, the S&P closed up 0.14% to an all-time high and its 70th record close of the year at 4,793.06, while the Dow hit 36,488.63. The Nasdaq continued to edge lower amid a broader rotation out of tech stocks.

“The market’s up about 30% this year, the S&P on a total return basis,” Hennessy Gas Utility Fund Portfolio Manager Josh Wein told Yahoo …….

Market At Close | Sensex, Nifty snap 2-day winning run

Here are some highlights: 

–Broader market mixed, midcap index holds on to minor gains

–Nifty Bank takes sharp hit in last minutes of trade

–HDFC Bank, SBI contribute most to Nifty Bank loss

–Pharma stocks among top gainers; SBI, Coal India top Nifty losers

–Hospital, diagnostics stocks surge after India sees rise in active COVID cases

–Nifty Pharma top sectoral gainer

–Gain in Apollo Hospitals, Divi’s keep midcap index in green territory

–Bajaj Auto rises 3% after company announces EV unit in Pune…….

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, December 17, 2021.

Andrew Kelly | Reuters

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Wall Street investors believe inflation will remain a major roadblock for markets in 2022 and stocks will only see muted returns, according to a new CNBC Delivering Alpha investor survey. 

We polled about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the rest of 2021 and next year. The survey was conducted this …….

U.S. stocks were mixed in intraday trading Wednesday, struggling to stay afloat after the S&P 500 took a breather in the previous trading session to cease a four-day climb toward its 70th all-time high.

The Dow was up for the sixth consecutive day, while the Nasdaq faltered, further dragged down by continued selling in tech stocks. The S&P was mostly flat.

“The market’s up about 30% this year, the S&P on a total return basis,” Hennessy Gas Utility Fund Portfolio Manager Josh Wein told Yahoo Finance Live. “With that in mind, I think the good times will continue.”

Main Street Asset Management CIO…….

U.S. stocks lost altitude mid-morning Wednesday, with the Nasdaq Composite Index turning negative as Treasury yields climbed toward one-month highs. However, the Dow industrials were holding on to a small gain after punching into record-close territory near the session’s opening trade.

The omicron variant of COVID continues to serve as a focus for investors, but the new strain has yet to significantly impede the market’s recent uptrend, even as the World Health Organization on Wednesday reported that the number of COVID-19 cases recorded world-wide increased by 11% last week compared with the previo…….

U.S. stock futures were muted on Tuesday after the S&P 500 took a breather in earlier trading, closing out a choppy session day in the red after the index ceased a four-day climb toward its 70th all-time high.

Contracts on the Dow, S&P and Nasdaq ticked up slightly but were mostly flat.

Markets closed on a mixed note following seesaw action from all three major indexes as investors weighed rising coronavirus cases across the globe. After reaching an intraday high, the S&P 500 reversed course midday to tick down, while the Dow extended a five-day winning streak. The Nasdaq faltered, dragged down by continued se…….

The S&P 500 slipped from its all-time high Tuesday as investors weighed concerns over the continued surge in coronavirus cases around the world.

The S&P 500 surged to an intraday record shortly after the open but ended down 0.1%. The Nasdaq Composite fell 0.6%. The Dow Jones Industrial Average, however, gained 96 points, or 0.3%, but was still down from its intraday high. Still, the index’s winning streak continued for the fifth consecutive day.

The…

Source: https://www.barrons.com/…….

Traditional symbols of rising and falling markets.

getty

Monetary tightening will not be good for the stock market. The Federal Reserve has penciled out ideas about when they will tighten, but it has not written them in ink. Investors and corporate leaders should also consider the many other influences on stock prices, ranging from Covid-19 and domestic spending to global political and economic crises. The new monetary policy, however, will be a large negative influence.

Inflation has been surging, I argued earlier, because of the Fed’s easy money policy. That will certainly ch…….