The stock market reached records again this week, propelled by the Federal Reserve’s decision to cut interest rates for the first time since last December. The S & P 500 and Nasdaq hit a number of all-time closing highs this week, one as recently as Friday, after the Fed announced a quarter-point reduction to the…
CNBC’s Jim Cramer warned investors not to make major market moves based solely on the Fed’s interest rate decisions, suggesting major market themes have not really changed in the wake of the central bank’s Wednesday meeting. “While we could’ve gotten more dovish languish from Powell, of course…No big themes were upended. No longer-term gains were…
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets : Stocks are up to start the week, with both the S & P 500 and Nasdaq hitting new all-time highs. A positive update on…
Shanghai urban skyline and the bund, China. Comezora | Moment | Getty Images Asia-Pacific markets were set to open lower as investors kept an eye on the talks between the U.S. and China in Spain, and await a slate of data from Beijing. U.S. and Chinese officials began talks in Madrid Sunday to discuss key…
It was a stellar week for stocks as Wall Street speculated on the Federal Reserve’s upcoming and highly anticipated interest rate decision and what comes next. The S & P 500 and Nasdaq each hit multiple record highs since Monday. A mixed bag of economic data, along with a blowout earnings report from Oracle ,…
As the indexes soar to new heights, CNBC’s Jim Cramer explained why he’s still bullish, telling investors the market is set to keep roaring. “The cynics just can’t believe what’s happening in this market. They’re so used to finding reasons to be bearish that they’re being overrun by positive events,” he said. “Can these negativists…
Asia-Pacific markets opened mixed Thursday after Wall Street continued to reach record highs over Fed-rate cut hopes and positive inflation data. Japan’s benchmark Nikkei 225 rose 0.23% in early trade, while the Topix index retreated 0.18%. South Korea’s Kospi advanced 0.67%, and the small-cap Kosdaq was up 0.2%. Over in Australia, the ASX/S&P 200 declined…
The city skyline of Lujiazui Shanghai Center in China, on March 13, 2024. Cfoto | Future Publishing | Getty Images Asia-Pacific markets opened mostly higher Wednesday ahead of key August inflation data from China. The mainland’s August consumer price index is expected to fall 0.2% from the previous year, according to economists polled by Reuters,…
The stock market kicked off the historically tough month of September on a rocky note as Wall Street speculated about the magnitude of the Federal Reserve’s next interest rate decision. Initially, the S & P 500 and Nasdaq hit all-time intraday highs Friday morning as investors digested a slower-than-expected August jobs growth . The weak…
Mount Fuji and buildings in the Shinjuku district are reflected on a table at an observation deck in Tokyo, Japan, on December 24, 2013. Kiyoshi Ota | Bloomberg | Getty Images Asia-Pacific markets opened higher Friday after U.S. President Donald Trump signed an executive order Thursday formalizing a lower Japanese auto import tariff of 15%,…
