Category: Stock market

Last year’s stock market volatility rattled Americans so much that almost 2 in 3 prefer to have their money sit in cash on the sidelines rather than endure market swings.

That is the latest finding from Allianz Life, which asked this question for the first time in a recent survey of 1,005 adults over 18 in December.

And data released in January by the Department of Commerce shows that Americans are again starting to sock away more cash. The savings rate for December was 3.4% — the highest level in seven months and the biggest month-over-month jump since July 2021.

While cash savings look more attractive now give…….

U.S. stocks finished mixed Thursday, highlighted by a vault upward by tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another batch of earnings from the industry’s biggest players.

The technology-heavy Nasdaq Composite (^IXIC) soared by more than 3% at the close. The S&P 500 (^GSPC) added 1.5%, while the Dow Jones Industrial Average (^DJI) lagged, dipping 0.1%.

The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.398% Thursday. The dollar index increased 0.5% to $101.70.

The moves continued a Wall Street rally that began Wednesday following the Federal Reser…….

U.S. stocks were mixed Thursday, highlighted by a vault upward by tech stocks following the Federal Reserve’s latest interest rate hike and ahead of another batch of earnings from the tech industry’s biggest players.

The technology-heavy Nasdaq Composite (^IXIC) soared by more than 3% in midday trading. The S&P 500 (^GSPC) added 1.3%, while the Dow Jones Industrial Average (^DJI) lagged, dipping 0.3%.

The yield on the benchmark 10-year U.S. Treasury note ticked down to 3.358% Thursday morning. The dollar index increased 0.12% to $101.33

The major U.S. stock averages closed higher on Wednesday following the Fed…….

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year.

The broader market index jumped 1.1%, or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 2.7% to its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.

At the same time, the Dow Jones Industrial Average underperformed, falling 142 points, or about 0.4%. The major index was dragged lower by Merck shares after the pharmace…….

My top 10 things to watch Thursday, Feb. 2, 2023 1. The Federal Reserve is saying exactly what it should say, allowing all people to dream what they want to dream. It vowed on Wednesday to keep fighting inflation and raised interest rates by 25 basis points. But the market seemed to rebound on Chair Jerome Powell’s statement that inflation has “eased somewhat.” It’s still all about wages. We need wages lower, but there are only so many points you can really tack on without really gulling the economy. 2. Bears at pivot as we are back to where we were at Jackson Hole moment in August when Powell pledged to continue to use its tools to att…….

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year.

The broader market index jumped 0.8%, or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 2.4% to its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.

At the same time, the Dow Jones Industrial Average underperformed, falling 218 points, or about 0.6%. The major index was dragged lower by Merck shares after the pharmace…….

Last year’s stock market volatility rattled Americans so much that almost 2 in 3 prefer to have their money sit in cash on the sidelines rather than endure market swings.

That is the latest finding from Allianz Life, which asked this question for the first time in a recent survey of 1,005 adults over 18 in December.

And data released in January by the Department of Commerce shows that Americans are again starting to sock away more cash. The savings rate for December was 3.4% — the highest level in seven months and the biggest month-over-month jump since July 2021.

While cash savings look more attractive now give…….

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year.

The broader market index jumped 1.6%, or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 3.4% to its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.

Meanwhile, the Dow Jones Industrial Average underperformed, falling 63 points, or about 0.2%. The major index was dragged by Merck shares after the pharmaceutical firm is…….

Last year’s stock market volatility rattled Americans so much that almost 2 in 3 prefer to have their money sit in cash on the sidelines rather than endure market swings.

That is the latest finding from Allianz Life, which asked this question for the first time in a recent survey of 1,005 adults over 18 in December.

And data released in January by the Department of Commerce shows that Americans are again starting to sock away more cash. The savings rate for December was 3.4% — the highest level in seven months and the biggest month-over-month jump since July 2021.

While cash savings look more attractive now give…….

The S&P 500 rose to its highest level in five months on Thursday as better-than-expected Meta results further improved sentiment around technology shares, which led the market lower last year.

The broader market index jumped 1.6%, or its best level since August. Meanwhile, the tech-heavy Nasdaq Composite advanced 3.4% to its highest level since September. The gains come ahead of a trio of Big Tech results after the bell in Apple, Amazon and Alphabet.

Meanwhile, the Dow Jones Industrial Average underperformed, falling 63 points, or about 0.2%. The major index was dragged by Merck shares after the pharmaceutical firm is…….