Page 17 - Mark Hackett News Today

The main benchmarks eked out increases Monday as several mega-cap stocks gained ground. Stocks struggled for direction Monday. Market participants are cautious looking ahead to a busy batch of economic data. Most notable in this week's lineup is Friday's release of the Federal Reserve's preferred inflation measure, especially after the central bank last week forecast higher-for-longer interest rates. The next inflation reading comes Friday morning with the August personal consumpt...

The strike by United Auto Workers against the Big 3 carmakers is sparking a broader worry among stock-market investors over the outlook for corporate profits.…

NEW YORK (BLOOMBERG) – Tech giants led losses Friday, like Nvidia and Meta Platforms down over 3.5 per cent. The S&P 500 erased this week’s gain, while the Nasdaq 100 dropped almost 2 per cent. A gauge of chipmakers sank on a news report that Taiwan Semiconductor Manufacturing has asked major suppliers to delay shipment […]

Wall Street’s so-called fear gauge - the VIX - climbed from the lowest since January 2020

The auto workers strike is stoking broader market worries over rising labor costs and what they mean for corporate margins.

The main benchmarks ended the week with a thud as contract negotiations between the Big 3 automakers and the United Auto Workers stalled. Stocks opened lower Friday and kept sliding into the close. Weighing on investor sentiment was the United Auto Workers (UAW) strike, which officially began today after contract negotiations between union leaders and the country's three largest automakers stalled ahead of last night's deadline. Market participants also looked ahead to next week's...

The main benchmarks ended the week with a thud as contract negotiations between the Big 3 automakers and the United Auto Workers stalled.

It all depends on how investors see the Fed responding.

US stocks typically see their worst performance of the year in September, but there are signs the market could avoid a steep downturn this time around.

US stocks typically see their worst performance of the year in September, but there are signs the market could avoid a steep downturn this time around.