NEW YORK (AP) — Bears rumble toward Wall Street. The stock market’s slippage this year has brought the S&P 500 closer to what is known as a bear market. Rising interest rates, high inflation, war in Ukraine and a slowing Chinese economy have caused investors to reconsider the prices they are willing to pay for … Read more
NEW YORK – The Dow Jones Industrial Average fell more than 1,100 points and the S&P 500 suffered its biggest decline in nearly two years on Wednesday as big shortfalls at Target and other major retailers stoked investors’ fears that soaring inflation will deeply reduce corporate profits. The selloff erased gains from a strong rally … Read more
Current gasoline prices are shown in Garden Grove, California on March 29, 2022. Mike Blake | Reuters Gasoline prices are a wild card for consumers’ wallets this summer as tight supply and uncertainty in Ukraine could push fuel costs up significantly. Gas prices are climbing towards $5 and they look set to stay high even … Read more
Traders, investors and strategists add one more factor to the list of reasons why financial markets could be more volatile over the next three to four months at least: the likelihood that Fed rate hikes will not not affect inflation by then. Wednesday’s price action reflected the lingering anxiety gripping the stock market, with all … Read more
CNBC’s Jim Cramer said Tuesday that while the price of crude oil may see some gains, its duration and magnitude will be limited, based on analysis from DeCarley Trading commodity strategist Carley Garner. “The charts, as interpreted by Carley Garner, suggest that the good news for oil may be mostly priced in, meaning the upside … Read more
China still holds the cards for global supply chains, whether or not Covid lockdowns frustrate businesses in the short term. An employee works on the production line of screens for 5G smartphones at a factory on May 13, 2022 in Ganzhou, China’s Jiangxi province. Zhu Haipeng | Visual Group China | Getty Images BEIJING — … Read more
The all-electric future, where homes, cars and buildings run on clean energy, depends on a host of raw materials, but perhaps one more than the others: lithium. Prices for the key metal have climbed over the past year as projections suggest demand will far outstrip supply. On the one hand, automakers are promising large fleets … Read more
The continued spread of Covid and the resulting stay-at-home orders – mainly in Shanghai – forced factories to close or operate at limited capacity in April. Pictured on May 12 is a refrigerator factory in Hefei, China, about a five-hour drive from Shanghai. Xie Chen | Visual Group China | Getty Images BEIJING — China … Read more
Sensex and Nifty 50 fell almost 4% last week (May 9 to May 13). Although the last two trading sessions were slightly red and tilted almost towards a flatter stick, the tone still remained bearish. On Friday, Sensex closed at 52,793.62 down 136.69 points or 0.26%. Heavyweights SBI, ICICI Bank, Axis Bank, Bharti Airtel, Maruti … Read more
Don’t miss these top money and investing features: Sign up here to receive MarketWatch’s top mutual fund and ETF stories by email! INVESTMENT NEWS AND TRENDS Welcome to the first Gen Z bear market Until recently, the main experience of young people in the market was that stocks almost always go up Read more The … Read more