Stock Market Today

The Nasdaq Composite fell 2.6% for its worst day in nearly a month amid weakness in tech shares. The CBOE Volatility Index broke out of its recent trading range to a peak not seen in three weeks.

Fed Chair Jerome Powell is slated to speak on Friday, with market participants widely expecting his comments to skew hawkish, reiterating the need for further interest rate hikes to tame inflation. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Richmond Fed President Thomas Barkin reiterated hawkish commentary DotBig seen last week, stating that central bankers were campaigning for a faster pace of rate hikes. Following the remarks, a gauge of the U.S. dollar is advancing 0.6% to reach a fresh, five-week high after coming off its best week since April 2020 (+2.1%). In commodities, West Texas Intermediate crude is slipping 0.9% to $90.00/barrel as lingering recessionary concerns weigh on the outlook for demand.

Gross Domestic Product , due Thursday, is expected to confirm the economy contracted at a 0.9% pace to mark a second consecutive negative reading. On Tuesday, investors can expect preliminary August readings on global business activity from S&P Global. Reports on personal spending, personal income, and the core PCE deflator, which is the Fed’s preferred proxy for inflation, are due Friday. Rounding out the docket are reports on durable and capital goods orders, wholesale inventories, regional Fed manufacturing surveys, and a final August print on consumer sentiment from the University of Michigan.

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• Analysts have raised concerns about Zoom’s prospects as the pandemic recedes and competitors such as Microsoft’s Teams, Cisco’s WebEx and Google’s Meet fight for video-conferencing market share.
• At the same time, Zoom shared disappointing guidance for the current quarter and the full year.
• Nasdaq Composite is highly followed in the U.S. as an indicator of the performance of stocks of technology companies and growth companies.
• Below are a list of the least volatile dividend stocks, with a market capitalization of at least $1 billion USD, that are classified as real estate investment trusts.

Futures tied to the Dow Jones Industrial Average were last up 32 points, or 0.1%. S&P 500 and Nasdaq 100 futures added 0.11% and 0.16%, respectively. Shares of the cybersecurity company surged nearly 9% after posting a beat on the top and bottom lines in its fiscal fourth quarter. Palo Alto Networks beat earnings expectations by 11 cents a share on revenues of $1.55 billion.

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Build protection into your financial strategy and help preserve your lifestyle and emotional well-being. Market volatility is normal, yet unpredictable and emotional. While we can’t control the market, we can control our reactions to it. We’re committed to keeping you in the know about the latest market and economic developments. Brent crude spce stock futures for October settlement declined $1.58, or 1.6%, to $95.14 a barrel by 0640 GMT. Traders will be watching officials’ speeches closely for insights on how the Fed is thinking. The Inflation Reduction Act includes thousands of dollars in tax breaks and rebates for homeowners to upgrade their homes to be more energy efficient.

Families with people with disabilities face some unique financial challenges. FDIC issued cease and desist letters to FTX US and four other crypto exchanges over false statements. This could be a good https://dotbig.com/ time to look at this company as it may be a direct beneficiary of the zinc squeeze. Get Eric Fry’s research & advice to make big gains from the world’s biggest macroeconomic and geopolitical events.

This screen highlights stocks to watch that are showing increasing fund ownership in recent quarters. IBD Sector Leaders IBD’s most stringent and powerful screen, IBD Sector Leaders highlight the best stocks in IBD’s 33 sectors. All IBD Sector Leaders show outstanding earnings and sales growth in recent quarters and are strong across many other fundamental and price-performance metrics. According to Branch, the slowdown during the second half of the year is likely going to be deeper and longer than many investors and analysts anticipated in January when calls for a recession mounted. He also expects the Fed’s September rate hike to exceed 50 basis points.

Risk

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Latest Stock Indices Analysis

U.S. stocks fell Friday, ending the week lower and snapping a four-week stretch of gains for the S&P 500, as investors second-guessed how aggressively the Federal Reserve will need to move to tame inflation. IBD Big Cap 20 This daily screen uncovers DotBig top-rated, large-cap growth stocks for your consideration. Big Cap 20 companies can deliver outsize gains without the volatility of smaller growth stocks. This correlation can also be fragile among international equity markets themselves.

For weeks, many investors had been feeling confident that inflation had possibly peaked and that the central bank would soften the magnitude of its future interest-rate increases. Traders worry aggressive rate hikes this year by the Fed and central banks in Europe and Asia to contain inflation https://www.bankofamerica.com/ that is running at multi-decade highs might derail global economic growth. Founded by William J. O’Neil, Investor’s Business Daily provides exclusive stock lists, market data and research, helping investors take advantage of the CAN SLIM system to make more money in the stock market.

The latest hawkish remarks from regional Fed officials and the central bank’s July meeting minutes reiterated the need for further rate hikes. Oil prices slumpedon Monday, ending three days of gains, as investors were concerned aggressive U.S. interest rate hikes will weaken the global economy and dent fuel demand while a strengthening dollar also added to pressure. Investors worried central bank will bump up rates to fight inflation. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. U.S. stocks were sharply lower heading into the first day of the workweek as investors nervously await hints from the Fed on whether the central bank will raise interest rates again and by how much. Below are a list of the least volatile dividend stocks, with a market capitalization of at least $1 billion USD, that are classified as real estate investment trusts.

Today’s Market

The Uniper plant will deliver power from Monday until the end of April next year, in a sign that European gas supplies are under pressure from Russia’s DotBig cuts. "The VIX gapped up today after holding up near 20. With no resistance until ~35, a greater increase in volatility appears likely," Stockton said.