Well, that was something. Inflation came in a bit below forecast, and then the rockets came out — the best one-day percentage rise for the S&P 500 SPX since April Read more
Tag: basic materials
‘I still think we are in a bear market,’ says billionaire investor Carl Icahn of post-CPI market rally
“A rally like this is of course very dramatic to say the least… but I still think we are in a bear market.” That was Wall Street icon Carl Icahn, Read more
Curb your enthusiasm — Thursday’s explosive rally in stocks likely means the bear market is alive and well
Despite Thursday’s explosive rally in stocks, it’s likely we’re still mired in a bear market. In fact, the magnitude of the surge itself suggests the bear is still alive and Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more
‘Era of cheap’ copper prices may be coming to an end
Risks to global demand contributed to a decline in copper prices this year, but the value of the industrial metal may have fallen too far, as supplies look to remain Read more
Dow soars more than 1,000 points for first time since 2020 as investors cheer cooling U.S. inflation
U.S. stocks were on track for their biggest daily gain since 2020 as the Dow soared more than 1,000 points and investors cheered a lower-than-expected reading on the October consumer-price Read more
These 20 stocks, including Amazon, are up as much as 14% as investors cheer latest inflation data
What a difference a day can make, especially when there’s a surprising economic report that soothes investors’ fears. Stocks that had been among the worst performers of 2022 are rising Read more
New homeowners and renters are hit hard by October inflation — here’s how they’re cutting back on expenses to beat rising costs
Inflation is cooling, but shelter makes up the lion’s share. Headline inflation fell by more than expected last month. In October, prices rose by 7.7% on the year in the Read more
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Markets probably didn’t need another more brick on the 2022 wall of worries, but got one anyway as FTX, the world’s third largest crypto exchange, is teetering on a collapse Read more
ArcelorMittal profit misses forecasts, as shipments fall, energy costs rise
ArcelorMittal on Thursday reported third-quarter net income that missed expectations as market conditions deteriorated, marked by lower shipments and higher energy costs. The Luxembourg-based steelmaker MT, -2.24% MT, -0.25% said Read more