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June 28, 2024
10 billion a month, ramping that up to 50 billion a month in quarterly increments. They could not agree. Several Committee Members favored starting in a couple of months. That. Preferred to do for er that. Fer to def it could be argued that some of the dots would prefer to get more time before taking any action related to the Balance Sheet. Some of the doves would prefer. More hawkish members may prefer to move ahead with another Interest Rate increase before the Balance Sheet is taken on next. ...
June 25, 2024
Adjustment and the median price of an existing home up 4. 8 yearoveryear to 247,700. This number coming in better than estimated. Today does not necessarily belong to macro. In more belongs to micro and corporate earnings that have been coming out. The ecb decision to not raise rates, notwithstanding. That has not seemed to disk to derail u. S. Stocks. The dow and s p have been pulling back from yesterdays record close. Was good to big corporate stories we are watching. General motors posting re...
June 23, 2024
Equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline is primarily because of falling ga...
June 23, 2024
Equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline is primarily because of falling ga...
June 23, 2024
For stocks, all other news being equal. Here are the numbers for thursday. The Dow Jones Industrial average rose 217 points. It finished at 17,141. Nasdaq notched an 87point gain. And the s p 500 was 29 points higher. As for that iffy Economic Data the Labor Department said its index of Consumer Prices fell a seasonally adjusted. 2 in september. Its not much, but its the biggest drop in eight months, and it leaves inflation well below the Central Banks 2 target. Now, the reason for the decline i...
June 21, 2024
S p climbing. Nasdaq falling. I think it says there are plenty of people who want in. They just wanted a pullback like yesterday to throw money at the market. You can average in three days and even after yesterdays beat down come out ahead. Even though there are Larger Forces that would normally indicate this is not the time to commit new money. I am kind of in that camp here especially because i was heartened to hear about a Ukraine Russia pact over energy. The real reason why we rallied so har...
June 20, 2024
Deficit is incredible intimidating to both home gamers and professionals alike. There seems to be two sides to every story. And the vast number of times in this market, the ugly side is taking precedence. Even as initially the Positive Side seems to be winning. These reverses were forward progress, doesnt matter, are shocking people and making so many investors rethink whether its even possible to make money in the market. At least at this very moment. First, let me just say, for now, the market...
June 20, 2024
Nasdaq fell. 5 and this trust deficit is incredibly intimidating to both home gamers and professionals alike. There seems to be two sides to every story. And the vast number of times in this market, the ugly side is taking precedence. Even as initially the Positive Side seems to be winning. These reverses were forward progress doesnt matter are shocking people and making so many investors rethink whether its even possible to make money in the market. At least at this very moment. First, let me j...
June 20, 2024
The 17,000 mark, we should add. Pressure across the other indexes as well. The s p 500 up almost 10 points to 1,978 aramafteramaicing new this week. And remember, amazon is about 13 of the nasdaq 100. Lets get more on what was wrong with visa and its responsibility for a lot of the dows decline today. Heres Mary Thompson with that story. Mary . Hey, there, bill. Visa is off the lows of the session, but the Payments Processing giants stock is the biggest loser among the dow 30, this after the com...
June 20, 2024
After its launch, why are two major drugstore chains disabling the technology . We have all that and more tonight on nightly Business Report for monday, october 27th. Good evening. And welcome. The price of oil has always had an outside impact on the economy, on the stock market and on consumers. Remember how careful you were about driving when gasoline was up above 4 a gallon and not so far ago . Or where you set your thermostat after getting your home heating bill. But right now with lackluste...