The US Federal Reserve is one of the only central banks to attempt to raise rates consistently over the past few years, has possibly learned a very valuable lesson – no good comes from raising rates to the point of causing another market collapse. The news that the US Fed will leave interest rates where they are, temporarily, is good...
Despite the rough start to the trading week, the bulls once again found a way to snatch victory from the jaws of defeat. Initially following through on the previous week's bearish ending, the S&P 500 mustered a 0.7% gain last week. It's not a game-changer, but it keeps the long-toothed uptrend moving. Still, though it was mostly earnings that prodded...
Despite the rough start to the trading week, the bulls once again found a way to snatch victory from the jaws of defeat. Initially following through on the previous week's bearish ending, the S&P 500 mustered a 0.7% gain last week. It's not a game-changer, but it keeps the long-toothed uptrend moving. Still, though it was mostly earnings that prodded...
By Stephanie Landsman, CNBC Morgan Stanley's Michael Wilson believes the stock market is entering a destructive phase. "The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent]," the firm's chief U.S. equity strategist said Thursday. His comments came on CNBC's "Trading Nation," where he was speaking publicly on Monday's correction warning research note...
By Stephanie Landsman, CNBC Morgan Stanley's Michael Wilson believes the stock market is entering a destructive phase. "The Nasdaq could correct by 15 percent plus, the S&P 500 probably goes down about 10 [percent]," the firm's chief U.S. equity strategist said Thursday. His comments came on CNBC's "Trading Nation," where he was speaking publicly on Monday's correction warning research note...
Add another 'W' to the job market's win/loss record. July was another solid month for the nation's employment picture. That's not all that easy to tell with just a superficial glance at the data. The 157,000 new payrolls created last month fell short of expectations, and was well off June's total. It was enough to whittle the unemployment rate down...
Add another 'W' to the job market's win/loss record. July was another solid month for the nation's employment picture. That's not all that easy to tell with just a superficial glance at the data. The 157,000 new payrolls created last month fell short of expectations, and was well off June's total. It was enough to whittle the unemployment rate down...
By Keris Lahiff, CNBC Apple just hit $1 trillion market cap, a never-before-seen milestone for a U.S. publicly traded company. As the stock sits at those records, the rally could be putting Apple on its well-worn path leading to a pullback, says Frank Cappelleri, chief market technician at Nomura Instinet. "I'm long-term bullish on Apple, but I think no matter...
By Keris Lahiff, CNBC Apple just hit $1 trillion market cap, a never-before-seen milestone for a U.S. publicly traded company. As the stock sits at those records, the rally could be putting Apple on its well-worn path leading to a pullback, says Frank Cappelleri, chief market technician at Nomura Instinet. "I'm long-term bullish on Apple, but I think no matter...
From Rebecca Ungarino, CNBC After a blockbuster start to the year, energy stocks have been range-bound. But one top technical analyst says a group within the sector is poised to charge higher. Oil refinery stocks look particularly well-positioned, according to Ari Wald, head of technical analysis at Oppenheimer. He gushed about one refiner within the group, Andeavor, in a recent...
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