Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | DealBook Briefing: The Stock Market Hit a Record. Thank the Fed. Advertisement DealBook Supported by June 21, 2019 Good Friday morning. Breaking: A fire has erupted at the Philadelphia Energy Solutions refinery in southern Philadelphia, one of the biggest on the East Coast. (Was this email forwarded to you? Sign up here .) The S&P 500 has never been higher Stocks rose to a record high yesterday, a day after the Federal Reserve opened the door to interest rate cuts in the coming months, Matt Phillips of the NYT reports. The S&P 500 closed at 2,954.18, about eight points higher than its previous high-water mark, which it reached on April 30. The index is now up more than 7 percent for the month and 18 percent for the year. Why? The likelihood of rate cuts. “After the Fed’s monetary … [Read more...] about DealBook Briefing: The Stock Market Hit a Record. Thank the Fed.
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By Riva Gold The Wall Street Journal Martin Burch Sun., Dec. 23, 2018 When is the next bear market for U.S. stocks set to begin—or are we already in one? The S&P 500 is currently down about 18% from its September record, bringing it pretty close to the 20% decline that marks bear territory. Back in November, The Wall Street Journal tracked six charts top investors and analysts were watching to try to gauge when the S&P 500 is expected to enter a bear market. Since then, the Journal’s readers around the globe have shared their own favorite bear-market signals. Here is what they are watching: Big Truck Sales Heavy trucks move goods. When companies stop buying these 14,000-plus-pound vehicles, including city buses and cement trucks, that could indicate they don’t expect sales to grow down the road. Article Continued Below Heavy truck sales gave little warning ahead of the 1987 bear market, but peaked in late 1999 shortly before … [Read more...] about How to predict a bear market: readers weigh in
Our City experts hang onto their cash — just about — but picking winners was tough going in a turbulent year After the Lord Mayor’s show comes the dustcart, so the old saying goes. So it proved with the Standard’s share tipsters this year. A repeat of last year’s stunning form, returning a whopping 40% on a £10,000 portfolio, was always going to be a hard act to follow. But some decent recovery plays, safe havens and inspired stockpicking were largely countered by ill-judged punts on outsourcers, who’ve had an annus horribilis in the main. The good news is that at least we haven’t lost you money in a year when the FTSE All-Share is down almost 7%. The bad news is that you’d have got more this year by sticking your hard-earned in a bog-standard savings account, but hey, where’s the fun in that? Below our tipsters set out their fortunes (and make their excuses): Simon English The best reason for buying BP is the healthy … [Read more...] about Pundits in the black despite rollercoaster market ride in 2018
Business Economy Donald Trump Trade Wars Tariffs For much of his first two years as president, Donald Trump has liked nothing better than bragging about the stock market. Over dinners at Mar-a-Lago, he would revel in listening to friends tell him how well their portfolios were doing. He would ask cameramen in the White House press pool how much their 401ks had gone up. He got a signature corporate tax cut through Congress, the economy was rolling and records in all the major equity indexes seemed to reflect that. Within just the last two months, that narrative has changed dramatically. In October, new Federal Reserve Chairman Jerome Powell gave a speech in which he appeared to indicate that he would continue to raise interest rates through next year—continuing to reverse a historic period of easy money following the Great Recession a decade ago. The U.S. stock markets began to come down. Global economic growth, in Europe and China in particular, was slowing. … [Read more...] about Will the Fed Raise Interest Rates? ‘Trump Slump’ Stock Market Could Fall Further
Johnson & Johnson shares fell Monday, extending the stock’s plunge on the back of a Reuters investigation into the company’s baby powder. The healthcare company was aware for decades that its baby powder contained traces of asbestos, according to Reuters, citing internal documents. Johnson & Johnson has denied the report. The majority of Wall Street analysts viewed the stock’s initial decline as an overreaction, but acknowledged headwinds could arise from investors’ concerns about the product. Johnson & Johnson fell 4% Monday as the fallout from a report about the company’s baby powder continued. Many Wall Street analysts said the stock’s initial reaction was overdone, but pointed out renewed concerns over the product’s safety would prove challenging. The healthcare company’s stock plunged 10% Friday after Reuters said internal documents revealed Johnson & Johnson knew for decades that its baby powder sometimes … [Read more...] about ‘The stock reaction is not supported by science’: Here’s what Wall Street is saying about the safety concerns involving Johnson & Johnson’s baby powder