Good MorningEquity markets started the second quarter on weak footing, falling about 0.3% for the day. The move is due to concern about rising interest rates as the yield on the ten-year treasury surged to a two-week high and near the highest levels since late 2023.
The rise in yield is caused by receding expectations for the Fed to cut rates this summer. The latest data hasn't been cooperative, and the odds of a cut are falling. The latest read on the CME's FedWatch Tool shows only a 50/50 chance for a single twenty-five basis point cut by July, and the date may get pushed back further if subsequent data is hot.
The risk for markets this week is the labor market. The labor market data is expected to show some volatility in job openings and layoffs. Still, net results should favor a healthy economic outlook and the idea the FOMC will keep interest rates higher for longer. The critical data will be hourly wages, which have been rising at an above-4% pace for over three years. Featured: 2024's Must-Have Guide: Master Crypto Investment Today (Darwin) 
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Stocks | | | Various themes and sectors garnered buzz and attention as the first quarter drew to a close. However, one industry that has been in a lull for a significant period reignited the imagination and hope of longstanding investors after it finished the first quarter in style. Over the previous mo... Read the Full Story >> |
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Markets | | | The home improvement sector is a cornerstone of the retail industry, and its success is closely tied to the vibrancy of the housing market, the construction sector and homeowner preferences. Two giants dominate this landscape: Home Depot (NYSE: HD) and Lowe's (NYSE: LOW). These two companies have ... Read the Full Story >> |
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Stocks | | | Less than a week after a flashy stock market debut, Donald Trump's social media company on Monday disclosed that it lost nearly $58.2 million last year, sending its stock tumbling more than 21%.Losses in 2023 for Trump Media & Technology Group — whose flagship product is Truth Social — mark a st... Read the Full Story >> |
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Stocks | | | Most U.S. stocks slipped Monday after a surprisingly strong report on U.S. manufacturing cast doubts on how much interest rates can ease this year. The S&P 500 dipped 10.58 points, or 0.2%, from its all-time high to finish at 5,243.77. The Dow Jones Industrial Average dropped 240.52 points, or 0... Read the Full Story >> |
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Markets | | | DexCom Inc. (NASDAQ: DXCM) is a leading medical device company in the medical sector that specializes in continuous glucose monitoring (CGM) systems. People with diabetes use CGM systems to monitor their blood glucose levels. People with diabetes usually have to pinprick a finger to draw blood ont... Read the Full Story >> |
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Markets | | | Hong Kong stocks led gains in Asian markets Tuesday, though China real estate developer Vanke slumped more than 10%, while investors evaluated economic data from South Korea and Australia.U.S. futures were lower while oil prices rose.Tokyo's Nikkei 225 index climbed 0.3% to 39,936.35, recovering fro... Read the Full Story >> |
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Markets | | | Asian economies are not doing as well as they could and growth in the region is forecast to slow to 4.5% this year from 5.1% in 2023, the World Bank said in a report released Monday.Debt, trade barriers and policy uncertainties are dulling the region's economic dynamism and governments need to do mo... Read the Full Story >> |
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Markets | | | GEN Restaurant Group (NASDAQ: GENK) hit the Marketbeat.com radar when insider buying spiked in Q1. As they say, one thing leads to another, such as discovering the company is (at least was) a pick by Scion Asset Management in Q4. Scion is owned and operated by well-known investor Michael Burry, so... Read the Full Story >> |
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Markets | | | Global stocks were mixed on Tuesday after Wall Street retreated as surprisingly strong U.S. manufacturing data cast doubts over how soon the Federal Reserve might cut interest rates. European markets opened mostly higher, but Germany's DAX then slipped, losing 0.1% to 18,525.79. In Paris, the CAC 40... Read the Full Story >> |
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Markets | | | There are less than two weeks until the peak of the Q1 earnings reporting season gets underway, and it looks like it could be a good one. Several factors suggest the market rally can continue through the end of the period and perhaps until the end of the year. Among them are the fact that earnings... Read the Full Story >> |
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Tuesday's Early Bird Stock Of The Day The Gap, Inc. operates as an apparel retail company. The company offers apparel, accessories, and personal care products for men, women, and children under the Old Navy, Gap, Banana Republic, and Athleta brands. Its products include denim and khakis; eyewear, jewelry, shoes, handbags, and fragrances; and fitness and lifestyle products for use in yoga, training, sports, travel, and everyday activities for women and girls. The company offers its products through company-operated stores, franchise ... | | View Today's Stock Pick |
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