Stock market

Stocks fell sharply on Monday after a stronger-than-expected inflation report spooked investors. The S&P 500 entered a bear market once again after briefly ...

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“Global stocks are trading sharply lower and bond yields rose to new multi-year highs overnight amid fears that the Fed is getting more aggressive into an ...

Bond yields are jumping to new heights as fears about Federal Reserve rate hikes persist. The stock market is continuing to tumble Monday—now falling into bear market territory. The S&P 500 Enters Bear Market Territory—and What Else Is Happening in the Stock Market Today

Traders bet a fresh decades-high print on inflation will force the Federal Reserve to get even more aggressive than previously anticipated to help ease ...

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U.S. markets tumbled sharply before the opening bell Monday with the S&P 500 pointing to bear territory amid seeping pessimism over stubborn, four-decade ...

The gap between the two-year and 10-year yields is also narrowing, a signal of increased pessimism in the bond market. Some of the biggest hits came for cryptocurrencies, which soared early in the pandemic when record-low interest rates encouraged investors to bid up the riskiest investments. No one thinks the Fed will stop there, with markets bracing for a continued series of bigger-than-usual hikes. Traders now see a 42% probability of such a mega-hike, up from just 3% a week ago, according to CME Group. The center of Wall Street’s focus was again on the Federal Reserve, which is scrambling to get inflation under control. The Dow Jones Industrial Average was down 625 points, or 2%, at 30,767, as of 9:40 a.m. Eastern time, and the Nasdaq composite was 3% lower.

Here are the most important news, trends and analysis that investors need to start their trading day: Futures plunge, with S&P 500 poised to fall back into ...

EV start-up Electric Last Mile Solutions said late Sunday it plans to file for Chapter 7 bankruptcy protection less than a year after going public via a special purpose acquisition company merger. Bitcoin tumbled 14%, to below $24,000 on Monday, hitting its lowest level since December 2020, as investors dump crypto in a broader sell-off in risk assets. The S&P 500 and the Nasdaq look set to open down 2% and 2.7%, respectively, with the former tracking to enter bear market territory again and test this year's low of 3,810.32 last month. The Fed is set to hold its June meeting on Tuesday and Wednesday, with a 0.5% rate increase expected. The Fed is in a tough spot, trying to cool things off with tighter monetary policy while trying not to tip the economy into a recession. The 2-year Treasury yield on Monday hit its highest level since 2007, trading around 3.16%. At one point, the 2-year yield briefly inverted and went above its 10-year counterpart for the first time since April. A so-called yield curve inversion is seen as an indicator of a recession.

U.S. stocks plunged lower Monday, while Treasury bond yields surged to the point where short-term rates signaled recession fears, as investors bet on faster ...

"Sentiment has changed dramatically as market participants have realized that we have a galloping food crisis due to Russia’s tactics in Ukraine, China could very well move in and out of lockdowns for months causing global supply shocks, and a recession is now very likely as the only option to kill demand and inflation," said Saxo Bank strategists. The region-wide MSCI ex-Japan index was marked 2.83% lower heading into the final hours of trading. The tech-focused Nasdaq was marked 455 points lower. Core CPI, however, also marched higher on the surge in rent and used car components, putting paid to any suggestion that inflation dynamics are set to ease over the coming months. The Dow, meanwhile, hit a fresh 52-week low of 30,548.95 points. A big jump for the U.S. dollar in overnight trading, which took the greenback 0.85% to a fresh 20-year high of 105.06 against a basket of its global peers, put downward pressure on oil markets just as U.S. gas prices hit the highest levels on record. According to data from the AAA, the national average price for a gallon of gas was pegged at $5.014 on Sunday, the highest nominal cost on record and a 63% from the same period last year, thanks to a combination of dwindling domestic supplies, surging summer demand and the impact of Russia's war on Ukraine on global crude markets. On Wall Street, the Dow Jones Industrial Average fell 745 points in the opening hours of trading, pulling it to within touching distance of a 52-week low, while the S&P 500 fell 126 points. In the U.S., benchmark 10-year Treasury bond yields leaped to 3.335% while 2-year notes hit 3.256%, the highest since 2007, causing a brief inversion of the yield curve in overnight trading. Overnight in Asia, the Nikkei 225 fell 3%, the most in four months, while the yen tumbled to a fresh 20-year low of 134.58 against the U.S. dollar. Both Fed Chairman Jerome Powell and a host of his colleagues have indicated their preference for a series of half-point increases over the coming months, but last week's faster-than-expected reading for May inflation has reignited bets for a 75 basis point move in July. The S&P 500, in fact, dipped into so-called 'bear market' territory -- and the lowest since March of last year -- in early Monday trading, defined as a 20% decline from a recent all-time high, which the broadest measure of U.S. shares reached on January 4.

Here are the most important news, trends and analysis that investors need to start their trading day: Wall Street set to rise after S&P 500 officially ...

Revenue increased 5% to $11.84 billion from a year earlier, driven by growth in the company's cloud infrastructure business, which competes with Amazon Web Services and Microsoft Azure. Oracle's earnings beat is particularly important as investors turn their focus to companies that can generate profitability and cash during a downturn. Shares of Coinbase fell 7% in the premarket after closing down 11.4% on Monday. Before Tuesday's premarket drop, the stock dropped 79% year to date as bitcoin and the entire crypto market has sold off in 2022. - Oil, a major source of price pressures in the economy, climbed toaround $122 per barrel. - Monday's steep sell-off saw the S&P 500 lose 3.9% and theNasdaq— already in a bear market since March — drop 4.7%. The Dowsank 876 points or 2.8%. The 30-stock average fell further into a correction, down 17% since its January record high. - Bitcoinbriefly dropped below $21,000 overnight in Asia before bouncing back slightly. Bitcoin, trading around $22,000 early Tuesday, has fallen roughly 68% from its all-time in November. Before the after-hours jump, Oracle shares were down 27% for the year. The PPI remained near its historic year-over-year high of up 11.5% in March. 3. Fed to begin two-day meeting and markets now expect a 0.75% rate hike A correction is defined as a decline of 10% or more from a prior high. - Fed to begin two-day meeting and markets now expect a 0.75% rate hike

The broader S&P 500 fell 2.4%. That index is now more than 20% below its all-time high set in January, putting stocks in bear-market territory. Stocks briefly ...

The Dow is still some way off a bear market. It has fallen 15% from the all-time high it reached on the last day of 2021. If the S&P 500 closes in a bear market, the bull run that started on March 23, 2020 will have come to an end. Over the past century, bull markets have lasted an average of about 60 months. Bear markets historically last an average of 19 months, according to Silverblatt. At that point, the Fed would resume standard quarter-point hikes, he said.

Wall Street is opening the week with more losses, and the S&P 500 has fallen to a level that market observers consider to be a bear market.

It took less than three weeks for stocks to rise 20% from their low in March 2020. The biggest decline since 1945 occurred in the 2007-2009 bear market when the S&P 500 fell 57%. That includes two separate days in the middle of the 2007-2009 bear market where the S&P 500 surged roughly 11%, as well as leaps of better than 9% during and shortly after the roughly monthlong 2020 bear market. If you need the money now or want to lock in the losses, yes. But the pain is spreading widely, with retailers signaling a shift in consumer behavior. Higher rates also make investors less willing to pay elevated prices for stocks, which are riskier than bonds, when bonds are suddenly paying more in interest thanks to the Fed. The risk is the Fed could cause a recession if it raises rates too high or too quickly. Consumer prices are at the highest level in four decades, and rose 8.6% in May compared with a year ago. The central bank has already raised its key short-term interest rate from its record low near zero, which had encouraged investors to move their money into riskier assets like stocks or cryptocurrencies to get better returns. Market enemy No. 1 is interest rates, which are rising quickly as a result of the high inflation battering the economy. The last bear market happened just two years ago, but this would still be a first for those investors that got their start trading on their phones during the pandemic. Big swings have become commonplace and Monday appears to be no exception.

Investors are rattled by higher-than-expected inflation data ahead of the Federal Reserve board's two-day meeting.

Hong Kong’s Hang Seng Index was down 3.4 percent, while the German DAX index fell 2 percent. But inflation reached a new pandemic-era peak of 8.6 percent Friday, according to the Bureau of Labor Statistics. Stocks sold off in tandem with the Dow losing 2.7 percent. Stocks sold off in premarket trading Monday — with the S&P 500 poised to open in bear market terrain — as investors agitated over inflation ahead of the Federal Reserve’s upcoming meeting.

Bear market – a plummet of 20% or more – comes as investors fret about high inflation and possibility of further rate increases.

The last bear market wasn’t that long ago, in 2020, but it was an unusually short one that lasted only about a month. If the two-year yield tops the 10-year yield, some investors see it as a sign of a looming recession. Bitcoin tumbled more than 18% and dropped below $22,700, according to Coindesk. It’s back to where it was in late 2020 and down from a peak of $68,990 late last year. No one thinks the Fed will stop there, with markets bracing for a continued series of bigger-than-usual hikes. The center of Wall Street’s focus was again on the Federal Reserve, which is scrambling to get inflation under control. Traders now see a 34% probability of such a hike, up from just 3% a week ago, according to CME Group.

Steep downturns of stocks by 20 percent or more are relatively rare, but how long they last could portend damage — for you and the economy.

“It’s not just the loss from January; it’s what happens going forward,” she said. That’s not a guarantee — especially in the near term. People with retirement accounts are keeping more of their assets in stocks now, as opposed to bonds or a mix of other investments. But 401(k) plans can still take a significant hit in market downturns. “If the market is on a complete downturn, what are you supposed to do?” Most Americans are exposed to the stock market through their retirement accounts. Not everyone believes a recession is imminent this time, in part because there are areas of the economy that are doing better than in previous bear market moments. While recessions have often followed bear markets, one does not necessarily cause the other. The S&P closed just above a bear market in May before recovering, but stocks fell sharply again on Friday following the latest release of government data showing that inflation had accelerated again. That happened Monday, when the S&P 500 fell 22 percent from Jan. 3. Bear markets — when stocks decline at least 20 percent from their recent peaks — are relatively rare, and they frequently precede a recession. –83%

Stocks face more losses after global shares sank into a bear market amid a surge in Treasury yields and the dollar on growing expectations of sharper ...

NEW YORK (AP) — Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors.

It took less than three weeks for stocks to rise 20% from their low in March 2020. The biggest decline since 1945 occurred in the 2007-2009 bear market when the S&P 500 fell 57%. That includes two separate days in the middle of the 2007-2009 bear market where the S&P 500 surged roughly 11%, as well as leaps of better than 9% during and shortly after the roughly monthlong 2020 bear market. If you need the money now or want to lock in the losses, yes. But the pain is spreading widely, with retailers signaling a shift in consumer behavior. Higher rates also make investors less willing to pay elevated prices for stocks, which are riskier than bonds, when bonds are suddenly paying more in interest thanks to the Fed. The risk is the Fed could cause a recession if it raises rates too high or too quickly. Consumer prices are at the highest level in four decades, and rose 8.6% in May compared with a year ago. The central bank has already raised its key short-term interest rate from its record low near zero, which had encouraged investors to move their money into riskier assets like stocks or cryptocurrencies to get better returns. Market enemy No. 1 is interest rates, which are rising quickly as a result of the high inflation battering the economy. ___ But the “buy the dip” rallying cry popular after every market slide has grown more fainter — a recent rebound in stock prices was wiped out by a furious bout of selling over the past four days.

Stock futures rose, suggesting U.S. markets were poised for a slight recovery after a rout Monday that sent the S&P 500 into a bear market, while shares in ...

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Stocks are edging higher in early trading on Wall Street Tuesday, finding some stability a day after dropping into a bear market.

At the center of the sell-off is the U.S. Federal Reserve’s effort to control inflation by raising interest rates. Last month, the Fed signaled additional rate increases of double the usual amount are likely in coming months. It was the first trading for U.S. stocks after the S&P 500 closed Monday at 21.8% below its record set early this year. A relatively reliable warning signal of recession in the bond market was also dimming. Markets are bracing for more bigger-than-usual hikes, on top of some discouraging signals about the economy and corporate profits, including a record-low preliminary reading on consumer sentiment soured by high gasoline prices. The S&P 500 was 0.1% higher in early trading after a couple big companies flexed financial strength with stronger profits and payouts to shareholders. Higher interest rate benchmarks raise returns on less speculative investments such as bonds, increasing their attractiveness relative to stocks. Economists said the data won’t keep the Federal Reserve from hiking its key interest rate this week by a larger-than-usual amount, with some even speculating the largest increase since 1994 that’s triple the usual amount. Treasury yields were easing back from their highest levels in more than a decade. The yield on the two-year Treasury fell back below the 10-year yield, at 3.32% versus 3.35%. The two-year yield is typically lower than the 10-year yield, and in the unusual circumstances where it isn’t, some investors see it as a sign that a recession may be hitting in about a year or two. Trading across markets was much calmer, if still tentative, following Monday’s worldwide rout. Offering some support to the market was a report that showed inflation at the wholesale level was a touch lower in May than expected, though it remains very high.

The U.S. stock market's brutal year reached a grim milestone as the S&P 500's slide on Monday confirmed a bear market for the first time since March 2020, ...

Investors have looked at various metrics to determine when markets will turn higher, including the Cboe Volatility Index (.VIX), also known as Wall Street’s fear gauge. A few areas of the stock market have been spared. Fed Chairman Jerome Powell has vowed to raise rates as high as needed to kill inflation but also believes policymakers can guide the economy to a so-called soft landing. Those gains went into reverse at the start of 2022 as the Fed grew far more hawkish and signaled it would tighten monetary policy at a faster-than-expected clip to fight surging inflation. If history is any guide, a bear market would mean more pain could be in store for investors. With a 3.9% drop on Monday, the benchmark S&P 500 (.SPX) index ended 21.8% below its Jan. 3 record closing high.

Stock futures moved up after an arduous day of sell-offs which finally pushed the SP 500 into the official bear market territory. Futures on the Dow Jones ...

In fact, the inflation has gone further away from the Fed’s goal to bring it down to 2%. Moreover, a decrease in the economic outlook by the World Bank added fuel to the fire. Meanwhile on Monday, the 10-year Treasury yield advanced 24 basis points to reach 3.39%, its biggest climb since March 2020. Monday’s regular trading saw panicked exits which led the Dow to close 2.79% lower, sending it tumbling 17% off its most recent high. The Fed’s two rate hikes this year did little or nothing to bring inflation down, which shook investors’ confidence in the market. After May’s consumer price index revealed a new 40-year-high inflation of 8.6%, the Wall Street Journal reported that experts are expecting a 75 basis point increase in interest rates this month, during the Federal Reserve’s policy announcement on Wednesday. This is higher than the 50 basis point hike expected earlier.

Stock-index futures rallied and bond yields slipped back, but fears over inflation and the risk of recession remain top-of-mind.

Futures for the Dow Jones Industrial Average rose 225 points, or 0.7%, after the index retreated 876 points on Monday to close at 30,516. S&P 500 futures signaled a start 1% higher, with the tech-stock heavy Nasdaq poised to climb 1.2%; the S&P 500 plunged 3.9% on Monday and the Nasdaq plunged 4.7%. Stocks were beginning to bounce back Tuesday, after a Monday selloff linked to inflation fears and recession risks rocked markets and pushed the S&P 500 index into a bear market.

Dow Jones Industrial Average futures rose by 67 points, or 0.2%. S&P 500 and Nasdaq 100 futures climbed 0.3% and about 0.5%, respectively. Those moves came ...

Investors are bracing themselves for the possibility of a larger-than-expected interest rate hike this week after CNBC's Steve Liesman confirmed on Monday that the Federal Reserve will "likely" consider a 75-basis-point increase, which is greater than the 50-basis-point hike many traders had come to expect. to show that he really is concerned about inflation," he continued. Wall Street is also expecting the latest reading on the May producer price index on Tuesday before the bell at 8:30 a.m. The Nasdaq Composite dropped nearly 4.7%, or more than 33% off its November record. Those moves came after intense selling of stocks during the regular session on Wall Street. The S&P 500 slumped 3.9% to its lowest level since March 2021, and falling more than 21% from its January record. Meanwhile, the Dow tumbled more than 876 points, or 2.8%, which is roughly 17% off its record high.

U.S. stock futures pointed to a slightly higher open on Wall Street on Tuesday, after the S&P 500 slid into a bear market on fears that red-hot inflation ...

“This time, we believe the data create such a strong case for a larger rate increase, that the Fed not only should, but will deliver a 75 basis point hike.” That includes St. Louis Fed leader James Bullard, one of the central bank’s most hawkish policy makers, who was ahead of the curve in calling for an aggressive shift in monetary policy to tackle high inflation. He was even willing to flirt with calling for a 75 basis point increase in the spring, but for now he has said the Fed’s path of likely 50 basis point increases is a “good plan.”