Finance News
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What the end of the ‘Great Moderation Era’ means for investors
This post very first appeared in the Morning Temporary. Get the Morning Short sent immediately to your inbox each and every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, March 2, 2023 Present-day publication is by Jared Blikre, a reporter centered on the markets on Yahoo Finance. Comply with him on Twitter @SPYJared. Examine this and far more marketplace news on the go with the Yahoo Finance App. In 2004, then-Fed chair Ben Bernanke gave a speech titled, “The Fantastic Moderation.” His thesis: “1 of the most striking features of the financial landscape over the past twenty decades or so has been a considerable drop in macroeconomic volatility.” And…
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S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak
U.S. stocks finished mostly lower Wednesday to start March as key manufacturing data offered mixed results and two Federal Reserve officials suggested a more aggressive rate-hiking campaign in the coming months. The S&P 500 (^GSPC) declined by 0.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, while the Dow Jones Industrial Average (^DJI) was flat. Contracts on the technology-heavy Nasdaq Composite (^IXIC) fell by 0.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The yield on the benchmark 10-year U.S. Treasury note moved upward and briefly touched 4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Wednesday. Crude oil traded higher, with U.S. benchmark WTI up at $77.73 a barrel. On the economic data side, U.S. manufacturing firms signaled a grim outlook for the sector, according to the latest PMI data from S&P Global.…
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Stocks fall as volatile month comes to close
U.S. shares fell Tuesday, rounding out the past working day of a unstable thirty day period of February on Wall Road. The S&P 500 (^GSPC) edged decrease by .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, whilst the Dow Jones Industrial Common (^DJI) declined .7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technological know-how-heavy Nasdaq Composite (^IXIC) ticked down by .1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The generate on the benchmark 10-12 months U.S. Treasury notice ticked up to 3.92{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Tuesday afternoon. The U.S. benchmark WTI crude oil moved larger to trade all around $76.94 a barrel. The dollar index was up, buying and selling at $104.92. Shares shut higher on Monday, fueling a short-term rebound from Wall Street’s worst 7 days of the calendar year. All 3…
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Stocks rise as Wall Street rebounds from worst week of 2023
U.S. stocks rose on Monday, fueling a rebound from Wall Street’s worst week of the 12 months. The S&P 500 (^GSPC) rose by .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, even though the Dow Jones Industrial Normal (^DJI) attained .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Contracts on the technology-large Nasdaq Composite (^IXIC) amplified by .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The yield on the benchmark 10-12 months U.S. Treasury note ticked down to 3.93{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Monday. On the economic details aspect, new orders for created durable goods in January plunged to 4.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the most significant fall due to the fact April 2020, the Census Bureau claimed. The fall was additional pronounced than economist estimates of 4.{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. “The production sector will remain underneath tension in the months in…
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Big tech is out, ‘old economy’ is in on Wall Street: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, February 24, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on the go with the Yahoo Finance App. What’s old may be new again for U.S. stock investors. The end of zero-interest rate policies (ZIRP) is likely to mark a shift in equity market favorites from long-leading technology names to sectors like energy, materials and housing — or what strategists at Bank of America deem part of “the…
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Stocks slide after hotter-than-expected key inflation print
U.S. stocks tumbled Friday after the Federal Reserve’s most closely viewed inflation measure arrived in more powerful than anticipated, in an additional indicator that rate pressures have turn out to be sticky into 2023. The S&P 500 (^GSPC) sank 1.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, although the Dow Jones Industrial Typical (^DJI) plopped much more than 300 details, or 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The technologies-major Nasdaq Composite (^IXIC) slid 1.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Friday marked the worst week for the S&P 500 and Nasdaq given that December. U.S. Treasury yields scrambled larger subsequent the looking at. The 2-calendar year note surged 12 basis details to 4.81{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} when the 10-12 months take note acquired 7 foundation points to major 3.95{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The Own…
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