CBS New York

Fear, long absent in financial markets as investors bet on a "soft landing" for the U.S. economy, is back in the air on Wall Street.Stocks tumbled Friday after new government data showed a steep decline in hiring in July, spurring concerns that economic activity is slowing faster than economists expected. Two hours into the session, the blue-chip Dow Jones Industrial Average was down 984 points, or 2.4%, to 39,415. The broader S&P 500 sank 2.5%, while the tech-heavy Nasdaq Composite lost nearly 3%, fueled by disappointing quarterly earnings from bellwethers such as Amazon and Intel. Market analyst Adam Crisafulli of Vital Knowledge...

Dow plunges nearly 1,000 points amid sharp drop in U.S. hiring

24/7 Wall St.

The Federal Reserve was unlikely to cut rates next week, but Wall Street anticipates a September reduction. Investors are largely expecting an easing cycle to begin, with more interest rate cuts from the Fed materializing in 2024 and 2025. Stocks recently surged on this anticipation, as investors price in what this will mean for stocks […]
The post Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar appeared first on 24/7 Wall St..

Fed Alert: If Rates Come Down, These Are 3 Stocks Are Going to Soar

TheDailyBeast

Fears of an impending U.S. recession sent the Dow Jones Industrial Index tumbling more than 1,000 points in early trading Monday and triggered a panic sell-off in financial markets around the world.Wall Street went into meltdown with the S&P 500 down 4 percent and Nasdaq dropping 5.5 percent. The Dow Jones slipped 3 percent, or 1,197 points by 9.35 a.m. Eastern.Earlier, the FTSE 100 index in London fell by 2.1 percent, and it was followed by the Nikkei 225 in Japan plunging by 12.4 percent, or 4,451 points, the biggest one-day points drop in history.In Paris, the CAC-40 fell by...

Stock Markets Crash Worldwide Over Fears of U.S. Recession

TheStreet

Markets end lower as investor seem to think the Fed has waited too long to cut rates. And they sold stocks hard in response.

Stock Market Today: Stocks crushed as markets see Fed rate error

Markets Insider

Stocks could see a 1995-like rally after the Fed cuts rates, said Wells Fargo's head of global investment strategy.

Stocks will embark on a run of gains unseen in 30 years after the Fed cuts rates, Wells Fargo strategy chief says

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Trailer Empire

The bond market has been buoyed by the Federal Reserve's recent hints that a rate cut may be on the horizon this September, leading to a noticeable drop in mortgage rates. Investors are reacting to the Fed's subtle language changes, anticipating a potential shift in monetary policy.

Mortgage Rates Plunge as Fed Signals Potential September Rate Cut

Buffett's Berkshire Hathaway has been making some portfolio-shaking moves lately. It sold a slew of Apple even though it remains Berkshire's largest stock investment. Meanwhile, American Express is now Berkshire's second-largest stock holding. Buffett has been making some huge moves lately, and these two stocks are his company's biggest bets.

Warren Buffett's Biggest Bets in 2024: 40% of Berkshire Hathaway's $276.9 Billion Stock Portfolio Is Held in Just 2 Stocks

Writers represent independent, third-party users who have joined our contributor program and self-verified their accounts. Writers are expected, like all users, to adhere to our Community Standards.

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Emily Standley Allard

Are people getting more high maintenance or is it just me? One thing that you can't deny is that CERTAIN people require a lot more TLC and attention, on the daily and especially during trying times. This applies to both platonic relationships and romantic. We usually call these people high maintenance because, well, they usually require (or demand!) all of your efforts and then some to be satisfied. These characteristics are closely linked to their zodiac sign temperament, so read on to see who is on the list!

5 Zodiac Signs that are the Highest Maintenance and Most Demanding

Iowa State

Minnesota State

National Weather Force

Severe thunderstorms are expected across parts of the Upper Mississippi Valley today, particularly impacting southeastern Minnesota, western Wisconsin, and northeastern Iowa. These storms will be capable of producing damaging winds, large hail, and isolated tornadoes. Check below for further details.

Damaging Winds, Large Hail & Isolated Tornadoes Possible; Upper MS Valley; Evening; August 26th 2024

JPMorgan Chase is updating its economic outlook amid increasing market turbulence and growing fears of an impending recession. The bank’s global research division says the US economy is showing signs of a slowdown, pointing to the rising unemployment rate and a weaker-than-expected July jobs report. In light of the...

JPMorgan Chase Raises Probability of Imminent US and Global Recession, Abruptly Shifts Forecast on Fed Rate Cuts

Fed Chairman Jerome Powell said Friday that “the time has come for Fed policy to adjust”, suggesting interest rate cuts are finally on the horizon. The Fed’s dovish signal helped the Bitcoin (BTC) price to return above the $63,000 mark as the crypto market extended its recovery from the rout at the start of this month.

Bitcoin Retakes $63,000 As Fed Chair Jerome Says Interest Rate Cuts Are Coming Soon

With over a year of interest rates continuing to remain above 5%, many investors appear to be taking a more defensive approach to portfolio construction. That’s not to say that capital is increasingly flowing into mega-cap companies that are generally considered to be safer due to their size. In fact, a rotation has been building […]
The post 3 Stocks That Will Pop From a Big Interest Rate Cut appeared first on 24/7 Wall St..

3 Stocks That Will Pop From a Big Interest Rate Cut

Trump's re-election could be 'perilous' to stocks, given his economic policies, three researchers said.

The 'Trump dump': The presidential hopeful causes deep stock losses in companies and industries he targets, researchers say

The Motley Fool

The tech-centric index has had a wild ride this year, but technology stocks have a long runway ahead, according to Wall Street.

2 Nasdaq Stocks to Buy Before They Soar as Much as 102%, According to Select Wall Street Analysts

New York Post

Stocks rallied on Friday as dovish remarks from Federal Reserve Chair Jerome Powell solidified expectations that the central bank will cut its key policy rate in September.

The Dow Jones Industrial Average jumped 462.30 points, or 1.1%, to 41,175.08, just 23 points shy of its all-time closing record. The S&P 500 gained 1.2%, and the Nasdaq climbed 1.5%. All three indexes rose more than 1% for the week.

In highly anticipated remarks before the Jackson Hole Economic Symposium, Powell said “the time has come” to lower the Fed funds target rate, and “the upside risks of inflation have diminished.”



“We do not see or welcome further weakening in...

Dow soars over 450 points as Wall Street cheers Fed rate cuts are on the way

Reuters

(Reuters) - With interest rate cuts virtually locked in, investors are ramping up their focus on economic data over the next few months as they game out whether the “soft landing” narrative that has helped drive U.S. stocks in 2024 can continue.

Analysis-As US rate cuts near, economic 'soft-landing' odds could dictate stock performance

Here are 20 of the best stocks that Morgan Stanley says to own now as the gaps between winning and losing companies widen.

20 stocks to buy for up to 62% upside in a market full of opportunities: Morgan Stanley

Her flagship Ark Innovation ETF has sunk 21% year to date.

Cathie Wood buys $59 million of pummeled tech stocks

Business Times

International Business Machines Corp. (IBM) has announced the closure of its hardware research and development (R&D) team in China, a move affecting fewer than 1,000 employees. This decision is the latest in a series of strategic withdrawals by U.S. tech companies from China, driven by escalating geopolitical tensions, increased local competition, and a shifting economic landscape.

IBM Shuts Down China R&D Team Amid Rising Geopolitical Tensions, Relocates Jobs to India

The four largest banks in the US now believe the Federal Reserve is about to cut interest rates amid rising recession fears. A Bank of America economist says a September Fed rate cut is a “virtual lock” following last week’s $6.4 trillion global stock market rout, reports Business Times.

JPMorgan Chase, Bank of America, Wells Fargo and Citi Predict Abrupt Fed Rate Cuts Amid Global Market Turbulence: Reports

NewsBreak

EM equity outflows pick up with Asia at the center- JPMorgan

Investing.com-- Emerging market equities saw sustained outflows over the past week, JPMorgan data showed, with Asian markets excluding Japan at the heart of this outflow as...

EM equity outflows pick up with Asia at the center- JPMorgan

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