Next week is Groundhog Day, not to mention the 30 th anniversary of the theatrical release of “Groundhog Day.” Yet investors are betting they’ll wake up on Thursday freed from the “doom loop” that has entrapped them for a year – the pattern in which every market rally wilts in the shadow of a Federal … Read more
There still are plenty of stock-buying opportunities as earnings reports continue to roll out, according to Bank of America analysts. The firm is recommending a slew of companies that investors should own in advance of the company’s quarterly results. CNBC Pro combed through Bank of America’s recent research to find the most attractive stocks that … Read more
A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Friday morning as investors look ahead to earnings and economic reports due later in the day. Futures tied to the Dow Industrial Average fell 42 points, or … Read more
Tokyo’s inflation stays above Bank of Japan’s target Consumer prices in Japan’s capital Tokyo rose by 4.3% in January, higher than expected by economists polled by Reuters. The reading also maintained levels higher than the Bank of Japan’s target of 2% inflation for an eighth consecutive month after rising 2.1% in June 2022. The Japanese … Read more
Singapore home prices rose less in final quarter of 2022 Private residential property prices in Singapore rose by 0.4% in the final quarter of 2022, a release by the Urban Redevelopment Authority showed. The reading showed home prices rose less than the previous period’s increase of 3.8% and the slowest growth since the second quarter … Read more
Check out the companies making headlines in midday trading. Seagate Technology — Shares of the data storage company surged more than 10% a day after Seagate posted beats on the top and bottom line for its fiscal second quarter. Seagate reported earnings of 16 cents per share on revenue of $1.89 billion. Analysts called for … Read more
The Nasdaq Composite rose Thursday as fourth-quarter gross domestic product came in above expectations, and investors parsed through the latest batch of corporate earnings. The tech-heavy index jumped 0.9%, while the Dow Jones Industrial Average traded flat. The S&P 500 rose 0.45%. GDP data released Thursday showed the economy expand at an annualized rate of … Read more
The U.S. economy finished 2022 in solid shape even as questions persist over whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose at a 2.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had … Read more
Treasury yields were flat Thursday as investors awaited economic data that could provide clues about how the U.S. economy is faring as headwinds continue. The benchmark 10-year Treasury was trading at around 3.473% at 5:47 a.m. ET. The 2-year Treasury yield was last up by just under 1 basis point at 4.143%. Yields and prices … Read more
A customer refuels at a Chevron gas station with prices above $4 a gallon in Seattle, Washington, U.S., on Monday, March 7, 2022. David Ryder | Bloomberg | Getty Images Check out the companies making headlines after the bell. Tesla — Shares rose 0.4% in volatile trading after the electric-vehicle maker reported earnings and revenue … Read more