Stock market for the week

Share to Twitter Share to Linkedin Topline Stocks fell slightly on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, while Federal Reserve Chair Jerome Powell pledged that the central bank is “ strongly committed ” to raising rates until inflation moderates. Key Facts Markets finished lower in choppy trading: The Dow Jones Industrial Average fell 0.2%, less than 100 points, while the S&P 500 lost 0.1% and the tech-heavy Nasdaq Composite 0.2%. The Dow was down by as much as 400 points but stocks pared back losses following comments from Fed Chair Powell, who said the central bank is “determined to take the measures necessary to restore price stability” and that “ongoing rate increases will be appropriate.” Citigroup became the latest Wall Street bank to increase its recession odds, meanwhile, forecasting a 50% chance of a downturn as consumer demand “looks to be … [Read more...] about Stocks Fall After Powell Pledges More Big Rate Hikes To Combat Inflation

Share to Twitter Share to Linkedin Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. Key Facts Stocks snapped a three-week losing streak on Friday: The Dow Jones Industrial Average rose 2.7%, over 800 points, while the S&P 500 jumped 3.1% and the tech-heavy Nasdaq Composite 3.3%. Markets got a boost after the latest consumer sentiment survey from the University of Michigan showed that inflation expectations eased slightly in June, rising 5.3% compared to a year ago—but lower than the 5.4% expected. Investors also cheered optimistic remarks about the economy from St. Louis Federal Reserve President James Bullard, who said that recession fears are “overblown” and consumer spending remains strong. Stocks … [Read more...] about Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease

Share to Twitter Share to Linkedin Topline As a growing number of investment banks and company chiefs warn that the likelihood of a recession is increasing, analysts at Morgan Stanley are telling clients that the stock market—despite reeling from a steep selloff in recent weeks—has plenty of room to fall before hitting levels consistent with recession-era lows, which would be especially bad for cyclical industries like travel and hospitality. Key Facts Despite major stock indexes plunging more than 20% below recent highs, markets are still only down by about 60% of the average drawdown compared with previous recessions (which denote two consecutive quarters of negative GDP growth), Morgan Stanley analysts told clients in a Tuesday note. As the Federal Reserve works to combat decades-high inflation with interest rate hikes that will likely stunt economic growth, a recession “is no longer just a tail risk,” analysts led by Michael Wilson wrote, … [Read more...] about Stock Market Could Crash Another 20% If U.S. Plunges Into Recession—These Industries Are Most At Risk

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The ongoing downturn in the domestic stock market has seen nearly 83 percent of the stocks forming the Nifty 500 index, a collection of the biggest companies in the country, deliver flat or negative returns in 2022 so far. Many of these stocks are hovering below their 52-week lows and their 200-day moving average (DMA), data compiled by Moneycontrol showed. So far this year, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. Companies that have seen the most erosion in their stock prices since the start of this year include Dhani Services , Solara Active Pharma , Brightcom Group , Indiabulls Real Estate , Metropolis Healthcare , Hikal , Indiabulls Housing Finance , Dilip Buildcon , Welspun India , Nazara Tech , … [Read more...] about Bear Market Woes: 83% of Nifty 500 stocks give negative returns in 2022

Share to Twitter Share to Linkedin The Oklahoma mogul spoke to Forbes about how he's protecting his investments ahead of the “near certainty” of a recession. With the S&P 500 entering a bear market last week , many of America’s billionaires are convinced that a recession is in the offing . George Kaiser , one of the wealthiest people in Oklahoma with an estimated $9.5 billion fortune, is one of them. Kaiser, 79, told Forbes that a “recession seems a near certainty” and that he expects the economy to tip into a downturn in the first two quarters of 2023, with a prolonged dip in the stock market. The timing of the market bottoming out—the point at which the stock market hits a low and begins rising again—is still far off, according to Kaiser. “Historic analogies would suggest a 35% total drop from the peak, but that history is largely irrelevant since so many of the factors are unique,” he said. Kaiser, who has appeared on the Forbes … [Read more...] about Oil And Banking Billionaire George Kaiser Says Market Bottom Is Still Far Off

With the storm raging in the Indian equity space through the past six to nine months, the benchmark indices have gone into a tailspin. The market is singed by an unabated flight of capital by foreign portfolio investors, economic challenges, and geopolitical uncertainties. The benchmarks are trailing more than 16 percent from their all-time highs scaled in October 2021. The 30-share BSE Sensex has lost close to 16 percent from its peak while the widely tracked Nifty 50 has tumbled nearly 18 percent from its all-time high. So far in 2022, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. The kind of beating suffered by stocks across sectors can be gauged from the fact that more than 85 percent of them from the universe of BSE 500, which is a collection of biggest companies in the country, are trading well below their 200-day moving average (DMA). Now what is this 200 DMA and what does it indicate? Close … [Read more...] about As 85% stocks from BSE 500 trade below 200-day average, experts advise caution

Share to Twitter Share to Linkedin Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of Ukraine, some experts are now predicting that prices will decline by next year. Key Facts Energy prices have been surging in recent months: Demand remains high but supply has been tight ever since the West imposed sanctions on Russian oil after the country’s invasion of Ukraine in late February. Despite their first weekly loss in over a month last Friday, oil prices jumped again on Tuesday: The price of U.S. benchmark West Texas Intermediate sits at nearly $111 per barrel, while international benchmark Brent crude trades at more than $114 per barrel. Major energy companies were among the best-performing stocks on Tuesday as the market rebounded from its worst week since March 2020, with the Dow gaining over … [Read more...] about Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × During this week, the Nifty has given a range breakout of 15,730–16,400, forming for three weeks. The index has formed higher tops and higher bottoms. On the daily charts, it has sustained above the 16,400-mark for four days, showing a positive undertone. On the indicator front, the relative strength index (RSI) plotted on the daily charts is holding above the 50 mark and making higher top, higher bottom formation, which shows positive momentum in the short term. The immediate resistance is at 16,700 and 16,975 followed by 17,132. The downside support for the Nifty is at 16,370, 16,000 and 15,671 levels. The Nifty is in a bounce-back mode. If it sustains above 16,700, it will move towards 16,975 in the coming days. Our positive view will be negated if it lips below 16,370. Here are … [Read more...] about Hot Stocks | Reliance Industries, M&M, Bharat Electronics can give 11-19% return in short term, here’s why

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × In this week, the Nifty has formed Lower Top, Lower Bottom formation, however, till now it looks like Hammer candle pattern which indicates strong demand at lower levels. On the daily charts, the Nifty is taking strong support at 16,240 which is a cluster of support zone (20 days simple moving average-SMA, multiple touch points). The Nifty has formed CIP formation (Change in Polarity) at 16,240 levels indicating strong support zone at 16,250 levels for the short to medium term. On the indicator front, the relative strength index (RSI) plotted on the daily charts is sustaining at 50-mark and moving towards up side which shows positive momentum for the short term. The Nifty has an immediate resistance placed at 16,610 and 16,800 followed by 17,000 levels. The downside support for the index … [Read more...] about Hot Stocks | Max Financial, TVS Motor, ICICI Prudential can give double-digit returns in short term, here’s why

A screen in Hana Bank's trading room in central Seoul shows the Kospi closing at 2,314.32 points on Wednesday, down 28.49 points, or 1.22 percent, from the previous trading day. [NEWS1] Stocks fell again Thursday, as investors avoided risky assets amid monetary tightening and recession fears. The local currency fell to the lowest point against the dollar in almost 13 years. After choppy trading, the Kospi dropped 28.49 points, or 1.22 percent, to close at 2,314.32, after falling to as low as 2,306.48. Trading volume was moderate at 729.97 million shares worth 9.98 trillion won ($7.67 billion), with decliners far outpacing gainers by 838 to 77. Institutions bought a net 926.3 billion won, while foreign and retail investors offloaded a net 296 billion won and 671.7 billion won worth of shares, respectively. "The market will remain volatile for the time being as the U.S. central bank could raise interest rates again next month and the Bank of Korea also seems to be on its way … [Read more...] about Stocks fall again as investors avoid risky assets