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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:

The Street
13. August 2024 um 09:49

Midday stock movers: Expedia, Sweetgreen, Eli Lilly up; Nvidia, Intel down TheStreet Daily Newsletter

Finance
Economy
Technology
Stocks gain midday, with the S&P 500 and Nasdaq up. Eli Lilly jumps over 5%. Chip stocks see mixed performance, including Nvidia, Intel, and Taiwan Semiconductor. Expedia surges 9% on earnings, warns of soft demand. Sweetgreen soars 27% on revenue growth, with CEO Jonathan Neman citing new restaurant openings. The Trade Desk rallies 9% after strong results. Airbnb stock drops 13.4% on demand concerns. The Dow Jones Industrial Average and Russell 2000 Index see modest moves. Mag 7 stocks experi..
The Street
14. August 2024 um 11:48

Nvidia, KeyCorp, Starbucks up; JetBlue slumps - Midday stock movers TheStreet Daily Newsletter

Finance
Economy
Chip stocks rally, Starbucks jumps on Starboard stake, KeyCorp surges 10% on Scotiabank investment in the Cleveland-based regional bank. JetBlue slumps 18% after debt plans, credit downgrades as its operating environment is expected to remain challenging, and it plans to sell $400 million of five-year convertible notes with revenue of $2.43 billion, down 7% from a year ago, and earnings of 8 cents a share, compared to 45 cents in the year-ago quarter.
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 11:29

Dow Jones Futures: Musk-Trump Event Encounters 'Massive DDOS Attack;' Market Rally Needs This | Investor's Business Daily

Finance
Economy
Technology
Dow Jones futures little changed; Nvidia rallied sharply; Trump-Musk event faced 'massive DDOS attack'; Cava, Ferrari, ServiceNow, Shake Shack in or near buy zones; IBM approaching buy point; UnitedHealth in buy range; Amazon, Apple, Microsoft mixed performance; stock market rally attempt still missing key factor; signs of weakening consumer purchases; market still hasn't confirmed rally attempt; key economic data this week includes PPI, CPI, retail sales.
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