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Sat, Dec 21st, 2024
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Stocks Rally on Dovish PCE Inflation Report
Barchart - Fri Dec 20, 3:26PM CST
The S&P 500 Index ($SPX) (SPY) on Friday closed up +1.30%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +1.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.23%. March E-mini S&P futures (ESH25) rose +1.08%, and March E-mini Nasdaq futures (NQH25) rose +0.86%.
Stocks turned higher Friday on the dovish US PCE report, which allowed the market to reverse overnight losses that were caused by the threat of a government shutdown and concern about Friday's triple-witching date. Friday's PCE report sparked ideas that the sharp stock market sell-off seen after Wednesday's FOMC meeting may have been overdone. Stock market breadth was very positive Friday, with about 80% of the Nasdaq 100 stocks showing gains.
Stocks were undercut Friday by the threat of a US government shutdown at midnight Friday if Congress could pass a stop-gap funding bill. Also, the fact that the Republican-controlled House could not pass the Trump-approved funding bill Thursday did not... Read more
Big Lots conducts going-out-of-business sales after sale of company falls through
AP - Fri Dec 20, 6:09PM CST
Discount chain Big Lots is conducting going-out-of-business sales at its remaining locations after a sale of the company didn’t materialize
Amazon and Starbucks workers are on strike. Trump might have something to do with it
AP - Fri Dec 20, 5:42PM CST
Amazon delivery drivers and Starbucks baristas are on strike in a handful of U.S. cities as they seek to exert pressure on the two major companies to recognize them as unionized employees or to meet demands...
Amazon workers are striking at multiple facilities. Here's what you should know
AP - Fri Dec 20, 4:51PM CST
Amazon workers affiliated with the Teamsters union are on strike for a second day at seven of the company’s delivery hubs just days before Christmas
Stock market today: Wall Street rises to turn a dismal week into just a bad one
AP - Fri Dec 20, 4:38PM CST
U.S. stocks rose to turn what would have been one of the market’s worst weeks of the year into just a pretty bad one
Stocks Rally on Dovish PCE Inflation Report
Barchart - Fri Dec 20, 3:26PM CST
The S&P 500 Index ($SPX ) (SPY ) on Friday closed up +1.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +1.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.23%. March E-mini S&P...
JPMorgan, Wells Fargo, BofA facing federal lawsuit over Zelle payment network fraud
AP - Fri Dec 20, 3:04PM CST
A federal regulator has sued JPMorgan Chase, Wells Fargo and Bank of America
Sectors sorted by Daily Weighted Alpha Change
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