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Dow drops 574 points as Fed chief Powell opens the door to steeper rate hikes

Tue, 03/07/2023 - 16:06

Tech Insider

Federal Reserve Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell speaks during a news conference after a Federal Open Market Committee meeting on December 14, 2022 in Washington, DC.
Alex Wong/Getty Images

Markets, MI Exclusive, Jerome Powell, Fed rate hikes, Inflation, Dow Jones Industrial Average, S&P 500

Oil prices drop alongside other commodities as Fed Chair Powell opens the door to even higher US interest rates

Tue, 03/07/2023 - 15:12

Tech Insider

oil rig — REUTERS/Jim Urquhart

Markets, MI Exclusive, Oil, WTI oil price, Brent oil price, Gold, Copper

Markets are pricing in higher odds of a bigger Fed rate hike this month as Powell delivers hawkish testimony and key bond yields top highest level since 2007

Tue, 03/07/2023 - 13:20

Tech Insider : Economy

Federal Reserve Chairman Jerome Powell testifies during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, March 7, 2023. — Federal Reserve Chairman Jerome Powell testifies before the Senate Banking Committee on March 7.
AP Photo/Andrew Harnik

Markets, MI Exclusive, Stocks, S&P 500, Federal Reserve, Jerome Powell, Inflation

US stocks will soon beat European peers again as hotter inflation means the region is heading into more aggressive rate hikes, BlackRock says

Tue, 03/07/2023 - 12:10

Tech Insider : Economy

Christine Lagarde, President of the European Central Bank or ECB — ECB President Christine Lagarde.
Pool/Getty Images

Markets, MI Exclusive, Stocks, Europe, ECB, Christine Lagarde, S&P 500

US stocks slip ahead of Fed chief Powell's testimony on Capitol Hill

Tue, 03/07/2023 - 09:31

Tech Insider

Fed Chair Jerome Powell — Federal Reserve Chair Jerome Powell
Win McNamee/Getty Images

Markets, MI Exclusive, Jerome Powell, Dow Jones Industrial Average, S&P 500, Inflation, NASDAQ

US stocks end mixed as investors brace for Powell's testimony to Congress

Mon, 03/06/2023 - 16:08

Tech Insider

Trader at the NYSE — Traders work the floor of the New York Stock Exchange.
Michael M. Santiago/Getty

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite, Federal Reserve

Investors should brace for a sell-off in tech stocks with Fed chair Powell set to deliver a hawkish message to lawmakers, Gene Munster says

Mon, 03/06/2023 - 14:42

Tech Insider : Economy

Federal Reserve Chair Jerome Powell — Federal Reserve Board Chairman Jerome Powell.
Kevin Dietsch/Getty Images

Markets, MI Exclusive, S&P 500, Nasdaq Composite, Tech stocks, Federal Reserve, Yields

Earnings estimates have seen the steepest cuts in 7 years, but that doesn't spell doom for the stock market, DataTrek says

Mon, 03/06/2023 - 12:09

Tech Insider : Economy

traders nyse — Traders work on the floor of the NYSE in New York
Brendan McDermid/Reuters

Markets, MI Exclusive, S&P 500, Corporate Earnings, DataTrek Research, Federal Reserve, Interest Rates

Goldman Sachs says Apple stock will soar 32% over the next year with the market currently underestimating the stickiness of its product ecosystem

Mon, 03/06/2023 - 11:21

Tech Insider

Tim Cook Apple sitting on a red chair — Apple CEO Tim Cook
Jerod Harris/Getty Images Entertainment

Markets, MI Exclusive, Apple stock, Goldman Sachs, Wall Street, Bank, apple

US stocks edge higher as Treasury yields slip and investors await Powell testimony

Mon, 03/06/2023 - 09:40

Tech Insider

NYSE stock traders — Spencer Platt/Getty Images

Markets, MI Exclusive, Stocks, S&P 500, Dow Jones Industrial Average, Nasdaq Composite

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