Page 35 - Jeffrey Roach News Today

Bargain hunting appears to be lifting stock futures on Thursday, as the major averages fell sharply in each of the past two sessions.

Yields on longer-dated U.S. Treasury yields hit a 10-month high, while U.S. stocks struggled for solid footing in choppy trading as investors considered the prospects of longer-lasting high interest... -Today at 01:50 pm- MarketScreener

The Dow Jones Industrial Average falls 1.02%, the S&P 500 drops 1.16%, and the Nasdaq Composite sheds 1.14% in value on Tuesday, August 15

The July FOMC minutes show that a majority of Fed officials are concerned about upside risks to inflation, now economists are responding.

Consumer spending maintained its robust momentum in July, as indicated by the latest retail sales data. Total sales grew by 0.7% month-on-month, the highest since January 2023, advancing from an upwardly revised 0.3% growth in June and sharply beating forecasts of 0.4%. In annual terms, retail sales soared 3.2%, smashing expectations of 1.5%.

U.S. stocks fell Tuesday, and oil slid over 1% as investors found fresh concerns over whether the Federal Reserve was done hiking interest rates and the resilience of Chinas economy. ...

The Consumer Price Index rose 3.2% in July versus a year earlier -- slightly lower than what economists expected. Shelter was by fat the largest contributor to the rise.

Wall Street expects that nonfarm payrolls increased by 200,000 in July, the smallest gain since December 2020

Consumer companies fell after mixed economic data. The sector could receive a lift from one retail powerhouse's surprisingly strong second-quarter earnings...

Wall Street expects that nonfarm payrolls increased by 200,000 in July, the smallest gain since December 2020