|
Economy
|
U.S. Economy Shows Signs of Recession Fears Receding
2024-08-17 23:55:08
Economy
Stocks

U.S. Economy Shows Signs of Recession Fears Receding

Image used under license from Shutterstock.com

Recent data and strong economic indicators have eased concerns of a U.S. recession. Investors are advised to focus on quality growth stocks and consider market tracking, Treasury, and bond ETFs.

Key technical levels for major companies like Google, Netflix, and CrowdStrike are highlighted. Walmart, Home Depot, Chevron, and Hasbro report positive earnings.

The stock market remains optimistic due to Fed rate cuts, strong consumer spending, and falling jobless claims. Goldman Sachs lowers U.S. recession risk and expects a rate cut.

However, the New York Fed predicts a recession by next July. Upbeat earnings reports help fuel market recovery, with some companies seeing year-over-year declines in EPS.

The market experiences volatility during an aging bull market, but the bullish case remains strong. An aging bull market and market leaders may impact the overall market performance.

Investors are advised to monitor geopolitical factors and upcoming U.S. elections.

Related news on that topic:

Tech Stocks Soar: Nvidia, Microsoft, and Apple Lead Best Gain in ... Two Years

Tech stocks, including Nvidia, Microsoft, and Apple, saw significant gains, with the Technology Select Sector SPDR Fund (XLK) climbing over 7% - its strongest week in almost two years. As the S&P 500 surged around 4%, investor optimism remains high for the tech sector. Nvidia, despite facing challenges like Blackwell GPU delays, still holds promise with rising capex and strategic investments. The broader market volatility, driven by factors like rising unemployment and election uncertainty, contrasts with tech's resilience. With AI stocks like Nvidia and companies like Walmart and Cisco on the rise, the market outlook remains positive amid this week's remarkable performance. Financial stocks, exemplified by Qifu Technology and New York Community Bancorp, also posted notable gains, reflecting a diverse market landscape.

Stock Index Futures Flat as Economy Fears Fade

Stock index futures were largely unchanged as economic data and Walmart's comments eased recession fears. Treasury yields fell, signaling market rebound from recent pessimism. Retail sales and jobless claims improved, indicating consumer resilience. Upcoming consumer sentiment data will reflect political partisanship, not consumer feelings. The Federal Reserve is unlikely to save the market from its fate. Investors are hopeful for an economic soft landing, with positive data alleviating concerns. Strong economic data this week includes cooling inflation and healthy consumers. The S&P 500 and Nasdaq are on track for their best week. Walmart reported strong results, indicating consumer strength. Investors expect the Fed to start cutting rates in September. European stocks rose for a fourth consecutive session, driven by auto stocks. Oil prices tumbled on weak China demand. Sterling climbed to a 3-week high on recovering sentiment.

Read 39 more recent news on this topic

The press radar on this topic:

The Street
17. August 2024 um 12:03

Stock Market Today: Stocks higher with Walmart, retail sales on deck TheStreet Daily Newsletter

Finance
Economy
U.S. stocks rise on optimism over Fed rate cuts, resilient economy, and falling market volatility. Walmart earnings, retail sales, and Atlanta Fed GDPNow forecast to offer consumer insights. July inflation report showed easing headline inflation but steady core prices, tempering rate cut bets. CBOE VIX index fell sharply, signaling market stability. S&P 500, Dow, and Nasdaq futures point to modest opening gains. Benchmark 10-year and 2-year Treasury yields remain elevated. European Stoxx 600 i..
The Street
19. August 2024 um 11:03

Recession forecasts crushed as economy defies doomsayers TheStreet Daily Newsletter

Economy
Finance
Strong retail sales, falling jobless claims, and high small business optimism have crushed recession fears. Walmart, NFIB, ISM, Atlanta Fed's GDPNow, and falling CBOE VIX signal resilience, but manufacturing struggles. Upcoming events like Jackson Hole, PCE Price Index, and Nvidia earnings will clarify the Fed's rate path and technology spending forecasts, shaping broader market sentiment.
seekingalpha
16. August 2024 um 14:47

U.S. recession fears are receding, according to UBS

Finance
Economy
UBS: Recession fears receding in U.S. as balanced data eases concerns; investors should focus on quality growth stocks and consider market tracking, Treasury, and bond ETFs amid rising Treasury yields, improved jobless claims, and a tumbling VIX; Piper Sandler spotlights key technical levels for GOOGL, NFLX, CRWD, OKTA; Dividend Roundup for Walmart, Home Depot, Chevron, Hasbro.
seekingalpha
17. August 2024 um 15:43

4 out of 8 companies reports y-o-y decline in EPS - Earnings Scorecard

Finance
Economy
U.S. stocks rebounded this week as positive economic data and upbeat earnings reports fueled a market recovery. 4 out of 8 companies reported a year-over-year decline in EPS, while 7 out of 8 companies beat revenue estimates. Retail giants Walmart and Home Depot reported strong earnings, boosting confidence in the U.S. economy. Tapestry (TPR) reported an adjusted profit of $0.92 per share, and Cisco (CSCO) reported plans to reduce its global workforce by 7%. Upcoming earnings reports from Estee..
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact