Stock futures rise as market set to build on Monday’s rebound from omicron-triggered sell-off

Stock futures climbed in overnight trading on Monday following a rebound on Wall Street as investors reassessed risks associated with the new omicron Covid variant. Futures on the Dow Jones Industrial Average gained 110 points. S&P 500 futures and Nasdaq 100 futures both rose 0.3%. The overnight action came after a broad-based comeback that saw … Read more

Powell to tell Senate omicron variant poses downside risk to economy, complicates inflation picture

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking, Housing and Urban Affairs Committee hearing on the CARES Act, at the Hart Senate Office Building in Washington, DC, U.S., September 28, 2021. Kevin Dietsch | Reuters Federal Reserve Chairman Jerome Powell believes that the omicron variant of Covid-19 and a recent uptick in coronavirus … Read more

The current inflation run is similar to other episodes in history, but with important differences

A customer’s groceries are rung up at a store in San Francisco, California, U.S., on Thursday, Nov. 11, 2021. David Paul Morris | Bloomberg | Getty Images Critical supply chains are choked off. Demand soars. Prices surge and everyone starts freaking out about inflation and wonder how long it will last. Is it 1945? 1916? … Read more

Covid developments to rule the market once again in the week ahead after Friday’s rout

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2021. Brendan McDermid | Reuters Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment report and other data in the week ahead show the economy has been getting stronger. … Read more

5 things to know before the stock market opens Monday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to bounce after Friday’s decline capped a rough week Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images Dow … Read more

Stock futures rise slightly as market enters holiday-shortened week

A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading on Sunday ahead of the holiday-shortened week, a historically seasonally strong period for Wall Street. … Read more

Market is ‘one more bad inflation report’ away from a correction, Wharton’s Jeremy Siegel warns

Long-term market bull Jeremy Siegel expects a serious pullback that it isn’t tied to the Covid-19 surge risks. His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation. “If the Fed suddenly gets tougher, I’m not sure that the market is going to be ready for a U-turn … Read more

‘This is going to be one of the best Christmas seasons ever,’ market bull Ed Yardeni says

Long-time market bull Ed Yardeni is delivering a dose of optimism into year-end. Yardeni, who’s known for running investment strategy for Prudential and Deutsche Bank, expects the holidays to boost stocks deeper into record territory. “This is going to be one of the best Christmas seasons ever,” the president of Yardeni Research told CNBC’s “Trading … Read more

What Jerome Powell didn’t do: Lay the groundwork for higher rates

The real news out of the Federal Reserve on Wednesday was not in what it did, but in what Chair Jerome Powell didn’t do. The thing that the Fed’s policy committee did — announce that the central bank would gradually wind down its economy-stimulating program of buying bonds — was highly telegraphed and comfortably in … Read more

Why the stock market doesn’t seem to mind that the Fed is scaling back stimulus

Federal Reserve Chair Jerome Powell speaks during a Senate Banking Committee hearing on Capitol Hill, Washington, December 1, 2020. Al Drago | Pool | Reuters The Federal Reserve managed to soothe markets with its view that the economy would improve and inflationary pressures would ease, even as it took the first major step away from … Read more