More Jobs Push US Stock Performance
Post-jobs report rally ahead of the Labor Day holiday weekend push up stock performance on Friday, but it wasn’t enough to keep US stock out of the red for the week ended September 2. The biggest highlight from Friday’s jobs data was the increase in participation, with 786,000 Americans entering the workforce last month and […]
Investors Brace For More Hikes, Wall Street Stocks In The Red
Wall Street stocks were all flashing red at the close of the week of August 26, after Federal Reserve Chief Jerome Powell’s signal that the central bank would keep hiking rates to tame inflation. The Dow led declines among the three U.S. benchmarks over the course of the week. Meanwhile, Nasdaq registered its worst daily […]
Fears Resurfaced- Board Selloff as Stocks Tumble
Stocks tumbled on Friday in a broad selloff as US bond yields rose and rate hike fearsresurfaced. Friday’s halt in Wall Street’s summer rally came as minutes from the Federal Reserve’s Julymeeting and comments from St. Louis Federal Reserve President James Bullard indicated thatthe central bank would likely continue hiking rates in the near term, […]
US Stock Market Picking Up. Will it last?
Stocks rose sharply on Friday making it the fourth straight positive week for the S&P 500 as investors celebrated reports of inflation cooling to 8.5% in July.The S&P 500 rose 3.25% on the week and is on track for its longest weekly winning streak since November 2021. The Dow was up 2.92% for the week, […]
Welcome Relief For Investors On Wall Street
Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market. The week’s gains come as investors digested strong tech earnings and looked past concerns about high inflation and a recessionary environment. On Friday, investors also got […]
US Stock Market Strengthens With Wins On Wallstreet
Wall Street has enjoyed a strong week for markets, as traders absorbed higher-than-expected second-quarter corporate earnings. On Friday, the S&P 500 touched the 4,000 level, which it hasn’t hit since June 9, before coming back down. Stocks recovered to their best level in more than a month this week, despite economic data suggesting that the […]
Retail Sales Make a Come Back on Wall Street
U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street led by retail sales which rose higher than expected and a surprise earnings beat from Citigroup. Data from the Commerce Department on Friday showed that retail sales surpassed projected targets pointing to continued strength among U.S. consumers, even in the face of […]
How to achieve your financial goals faster
We are told to write down our goals and create a plan to achieve them. But for some of us, even though we do this, we still haven’t achieved our goals. We look on and think, what I am doing wrong? Why is everyone else achieving their goals while I seem to be stuck? What we learned […]
Three tips for investing during a recession
Investing is a critical strategy for building wealth. Everyone you know is talking about mutual funds, stocks, bitcoin, cryptocurrency. And if you are like me, then you have friends bragging about their high returns from investing in IPOs (initial public offerings) and how that extra money they made is helping to pay the bills in […]
Tighter Financial Conditions To Fight Against Inflation
Stocks rose on Friday to start the month of July with gains after major indexes the Dow Jones and the S&P 500 closed out their worst first-half performance in decades. Earlier gains for U.S. stock benchmarks mostly faded Wednesday, as investors monitored corporate earnings and remarks from central bankers looking to battle high inflation by […]