Dow futures plunge 400 points amid fears of new Covid variant found in South Africa

A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures dropped in overnight trading on Thursday as investors geared up for a shortened trading day amid renewed Covid fears over a new variant found in South Africa. Futures for the Dow Jones … 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

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks steady after more retail earnings, near-record closes Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock … 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 jump 100 points after breaking 5-week winning streak Markets were higher after new Labor Department numbers showed that nonfarm payrolls increased by 531,000 for the month of October. Spencer Platt/Getty Images 2. Retail earnings … 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

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

Market’s biggest bull sees year-end rally, but warns it’s setting up Wall Street for a scare next year

Chris Harvey’s reign as the year’s biggest bull won’t extend into next year. The Wells Fargo Securities head of equity strategy, whose 2021 S&P 500 target is 4,825, predicts Wall Street will stage a vibrant year-end rally and then see a losing 2022. “You’re going to bring equities to a level that they can’t sustain. … Read more

5 things to know before the stock market opens Thursday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Dow set to drop after hitting an intraday record Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters 2. Southwest, American report … Read more

5 things to know before the stock market opens Wednesday

Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street looks to avoid a four-session losing streak Traders work on the floor of the New York Stock Exchange (NYSE), October 12, 2021. Brendan McDermid | Reuters 2. Supply chain woes, rising costs may make for … Read more

Tech weakness is a major buying opportunity for investors: Invesco

Investors may want to hit the buy button the next time technology stocks sell off. Invesco’s Kristina Hooper contends the group is playing a crucial role in corporate America’s desire to boost productivity. “Technology over the longer term is going to benefit from increased corporate spending,” the firm’s chief global market strategist told CNBC’s “Trading … Read more