Page 72 - Carson Group News Today

Sellers were in charge during low-volume post-Christmas trading on Wall Street on Tuesday.

Sellers were in charge during low-volume post-Christmas trading on Wall Street on Tuesday.

Sellers were in charge during low-volume post-Christmas trading on Wall Street on Tuesday.

The S&P 500 joined the Nasdaq in negative territory, while value stocks helped the Dow hold on to nominal gains. "Higher (Treasury) yields are pressuring growth stocks, and on the other hand industrials, utilities and energy are outperforming," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska.

Sellers were in charge during low-volume post-Christmas trading on Wall Street on Tuesday.

Between the central bank's high interest rates and plans to reduce its balance sheet, liquidity is draining from markets. That's bad news for stocks.

Morgan Stanley and others expect US stocks to crash next year, but Carson Group's Ryan Detrick thinks they could rally thanks to declines in the dollar.

Carson Group's chief market strategist Ryan Detrick expects stocks to climb higher next week in a so-called 'Santa rally'.

Markets tumbled on ugly earnings and a GDP revision that gives the Fed more room to hike rates.

Nike jumped 13% in early Wednesday trades after the company said footwear and apparel sales rose 25% and 4% in the quarter, respectively.