The relentless sell-off in stocks started marking some grim milestones this past week. The S&P 500 briefly dipped on Friday into bear market territory, trading more than 20% below its January intraday record. There’s no official definition for a bear market, so investors will debate whether we are in one officially now or not. Many … Read more
If there’s more bad news from retailers in the coming week, that could be a negative catalyst for an already cranky stock market. Market pros are watching for more signs that stocks could be bottoming, though strategists say that is a tricky prospect and there could be false signals. The S&P 500, on an intraday … Read more
Are we headed for a recession? The stock market sure has been acting like it, with the S&P 500 nearing bear-market territory. US gross domestic product fell at a 1.4% annual rate in the first quarter, and another quarter of negative growth would officially mark a recession. So, we asked financial advisors: What are you … Read more
Text size It has been a tough week for Wall Street. Angela Weiss / AFP via Getty Images The stock market was rising Friday after China’s policy makers took steps to boost its flagging economy. In the morning trading, the Dow Jones Industrial Average advanced 42 points, or 0.1%, while the S&P 500 rose 0.4%, … Read more
Dalal Street witnessed another bloodshed on Thursday as weak earnings by retailers listed on Wall Street rang alarm bells regarding subdued consumer demand. The BSE Sensex crashed 1,416 points to slip below the 53,000-mark, while the Nifty50 gave up over 300 points to slip below the 15,900-mark. So far in calendar year 2022, frontline indices … Read more
BEIJING – Nio’s biggest challenge right now is making sure that supply chains are stable, CEO William Li told CNBC. The Chinese electric carmaker has had to charge customers more due to soaring prices of raw materials. When Covid controls in April prevented Nio’s from getting parts from suppliers, the company had to temporarily suspend … Read more
FG Trade | E+ | Getty Images Opportunities in the dip For young investors with the longest time horizons to plan for retirement, today’s market downturn also provides an opportunity, according to Paula Pant, host of the podcast “Afford Anything.” “A dip is your best friend,” she said. “So, buy the dip, take advantage of … Read more
After 28 trading days away from the markets *, I’ve come back to find that a new narrative of impending recession is quickly taking hold. Yet, look at the markets themselves and the story isn’t much reflected in asset prices, which are still beholden to the Federal Reserve. This creates both risks and opportunities. Start … Read more
India’s benchmark indices posted one of their biggest gains of the year on Tuesday amid positive momentum in global markets following this month’s crash. Investor sentiment was seen improving after China, the world’s second-largest economy, relaxed lockdowns in Shanghai and reaffirmed support for internet companies. The Sensex soared 1,344 points, or 2.54 per cent, to … Read more
Investors could get a reprieve in the week ahead from the vicious selling cycle that has gripped the stock market since late March. Stocks bounced off of Thursday’s washout lows and were set to exit the week with reduced losses after Friday’s rally. Buyers on Friday hunted for bargains among small caps, biotechnology names, the … Read more
