Stock Market Is Booming but UBS Strategist Warns Fed Put Lost Power

Published: 18/06/2019 15:45 EST. Journalist: By CCN Markets: The stock market is close to record-setting highs, yet one Wall Street strategist says don’t believe the Fed hype. UBS Group’s head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn’t pack quite the same punch as it used to. According to […]

Dow Spikes 150 Points as Central Banks Pump Easy Monetary Policy

Published: 18/06/2019 10:00 EST. Journalist: By CCN Markets: The Dow and broader U.S. stock market opened sharply higher on Tuesday after European Central Bank (ECB) officials signaled that a new round of stimulus was on the horizon. Dow Surges After Open All of Wall Street’s major indexes opened higher on Tuesday, reflecting a strong pre-market […]

Bitcoin Leaves Other Asset Classes in Dust as Market Stars Align

Published: 17/06/2019 16:40 EST By CCN Markets: Investors who are not generating returns in 2019 are clearly looking in the wrong place. Considering bitcoin claimed a fresh 2019 high to nearly $9,400 over the weekend, other asset classes have a hard act to follow. Gains across the stock market and commodities including oil and precious […]

Dow Cowers as Trump Blames Iran for Gulf Tanker Attacks: ‘It Was Them’

By CCN Markets: The Dow inched toward a cautious session on Friday following President Donald Trump’s blunt assertion that Iran owns the blame for attacks on two tankers in the Gulf of Oman. Dow Edges Lower; Nasdaq Suffers Steep Drop All of Wall Street’s major indices prepared to suffer opening bell declines. As of 9:07 […]

Dow’s Sudden Rally Erases 118 Point Loss Despite Chip Stock Meltdown

By CCN Markets: The Dow and broader U.S. stock market limped into Friday’s close after disappointing financial results from a leading chipmaker highlighted the dangers of a prolonged trade war with China. Dow Pares Losses; Nasdaq Endures Tech Blowback All of Wall Street’s major indexes struggled out of the gate Friday, reflecting a weak pre-market […]

Privacy Scandals Led to Facebook’s S&P 500 ESG Ouster

S&P Dow Jones revealed the embarrassing reason it booted Facebook stock from the S&P 500 ESG Index. Facebook’s cornucopia of privacy scandals caused its ESG score to plunge to alarming levels. The same day that Dow Jones kicked FB out of the index, Mark Zuckerberg pledged to make Facebook a champion of privacy rights. By […]

Dow Bounces Back Because July Rate Cut Odds Ballooned to 89%

By CCN Markets: The Dow and broader U.S. stock market advanced on Thursday, as investors found a silver lining in the recent string of downbeat data releases. By this time next week, markets will have a clearer picture of whether the Federal Reserve will indeed lower interest rates at its end-of-July policy meeting. Dow Rises; […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow Buckles Under Weak Inflation, Hastening Fed Rate Cut Band-Aid

 By CCN Markets: The Dow and broader U.S. stock market headed for a soft landing Wednesday after another batch of disappointing inflation figures pointed to a slowing domestic economy. Dow, S&P 500 Slide for Second Consecutive Day All of Wall Street’s major indexes swung lower on Wednesday, continuing a disappointing end to the previous session […]

Dow’s Absurd Rally Intensifies as Markets Flip Script on Toxic Data

By CCN: The Dow and broader U.S. stock market extended their relief rally to a fourth day on Thursday after dismal jobs data bolstered expectations that the Federal Reserve will slash interest rates this summer. Dow Extends Rally; S&P 500, Nasdaq Follow All of Wall Street’s major indexes continued higher on Friday, mirroring a strong […]