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Stock Market Today: Key Messages in Headlines
2024-08-13 14:59:08
Stocks
Economy
Inflation

Stock Market Today: Key Messages in Headlines

Image courtesy of : AFP (SPENCER PLATT)

US stocks waver ahead of key signals on inflation, economy. Cooler-than-expected inflation data reinforces rate cut expectations.

Tech stocks rally as Nvidia gains. Home Depot cuts outlook, Starbucks replaces CEO.

Global growth expectations plunge. Market volatility increases.

Investors await retail sales data. Futures rise ahead of key inflation data.

Major market indices see mixed results. Stock market sell-off may be ending.

Hedge funds and systematic trading strategies contribute to sell-off. Bonds trading at a premium.

Vietnam stocks remain stable. Bank of America survey shows optimism on tech stocks.

Dividend stocks outperform S&P 500. Wholesale inflation rises less than expected. Retail earnings and sales data in focus.

Related news on that topic:

US Wholesale Inflation Rises Less Than Expected in July

July saw a modest 0.1% increase in wholesale inflation, lower than anticipated, reflecting a potential catalyst for Federal Reserve interest rate cuts. The Producer Price Index inched up by 0.1%, while core PPI remained steady. Notably, goods prices surged by 0.6% due to heightened energy costs, while service prices declined, particularly in trade services by 1.3%. The subdued inflation figures could prompt a 50-basis point cut in Fed rates with implications on borrowing costs and stock market fortunes. The Labor Department's report also indicated a slight rise in wholesale prices, signaling a cooling effect on economic pressures; however, consumer prices remain a subject of contention leading up to the upcoming November election. The subdued inflation and employment landscape are key factors influencing the Fed's potential policy shift towards supporting the economy amidst ongoing uncertainties.

Economic Uncertainty Looms: BofA Survey Highlights Recession Fears

Amid escalating recession concerns, the BofA survey reveals investors anticipating more drastic Fed cuts than economists deem necessary. Economic indicators point to a looming recession, with debates surrounding potential Fed actions and market reactions. Experts like Dennis Gartman predict Fed rate cuts in response to alarming signs such as a surging Producer Price Index and weakening consumer demand. As the risk of recession grows, caution is advised for stock investors by analysts like Morgan Stanley's LaCamp and Stifel's Barry Bannister. Nancy Lazar from Piper Sandler forecasts a recession impacting inflation trends. Despite differing views, economists like Mohit Kumar argue against a 50-basis-point cut, citing stock market volatility. The uncertainty surrounding the economy, Fed policies, and global factors create a challenging environment for investors, as highlighted by BCA's concerns over various negative influences on stock markets.

Read 51 more recent news on this topic

The press radar on this topic:

Yahoo!
12. August 2024 um 19:12

Stock market today: US stocks waver ahead of key signals on inflation, economy

Finance
Economy
Technology
US stocks closed mixed as investors await key data, including July's CPI. The S&P 500 and Nasdaq rose slightly, while the Dow fell. Nvidia stock rallied 4%, leading a tech sector rally. Trump Media & Technology Group and Rumble shares fell as Trump returned to X. 30-year fixed mortgage rates dropped, but Capital Economics says this won't spark a housing rebound. The CBOE Volatility Index surged, a sign of economic concerns. LPL Financial notes pullbacks are normal, even in bull markets. Oxford..
Yahoo Finance
13. August 2024 um 13:31

Stock market today: US stocks jump as key inflation data comes in cool

Finance
Economy
US stocks rose as Wall Street digested cooler-than-expected inflation data, with the Producer Price Index (PPI) rising just 0.1% month-over-month and 2.2% year-over-year, nearly in line with the Federal Reserve's 2% target. Investors also awaited July's retail sales, while Home Depot cut its outlook, Starbucks replaced its CEO with Chipotle's Brian Niccol, and Nvidia gained over 3% as analysts at Bank of America named it a top "rebound" stock. The S&P 500 and Nasdaq continued slowly building b..
Yahoo!
13. August 2024 um 11:49

Stock market today: S&P 500, Nasdaq futures point higher with key inflation data looming

Finance
Economy
US stock futures rose ahead of key inflation data. S&P 500 and Nasdaq futures gained, recovering from recent three-day sell-off that wiped out year-to-date gains. Investors await July retail sales, Home Depot earnings (which cut outlook), and Nvidia as a top "rebound" stock. Trump Media shares fell after Trump's X platform event with Elon Musk. Bank of America survey shows plunging global growth expectations. Market came off Monday's "unusually boring day".
Yahoo!
13. August 2024 um 13:31

Stock market today: US stocks jump as key inflation data comes in cool

Finance
Economy
US stocks opened higher, with the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average all rising. Investors digested cooler-than-expected inflation data and awaited an update on consumer prices. Chipotle's CEO, Brian Niccol, is departing to take the same role at Starbucks. Home Depot reported disappointing earnings, cutting its full-year sales and EPS guidance. The Bank of America fund manager survey showed a plunge in global growth expectations. US producer prices, a signal for consumer..
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