Category: Markets

Treasuries moved moderately lower during trading on Thursday, extending the downward move seen in the previous session. Bond prices regained some ground after an initial move to the downside but remained in negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.5 basis points to 3.518 […]

2022 was a difficult year for the equity market, with the S&P 500 down over 19%, its worst year since 2008 (down 38%). Even though analysts are bearish on 2023, some do expect large-cap stocks to make a comeback this year, with the S&P 500 up 1.5% this year through Jan. 19 (and over 5% […]

Zip Co co-founder Peter Gray has argued the buy now, pay later (BNPL) company can be resilient if the United States goes into recession, after the embattled fintech reported that the number of bad debts it was recording had fallen dramatically. In a quarterly update on Tuesday, Zip said it crucial US business had posted […]

The futures were lower after a big risk-off day on Wall Street in which all the major indexes finished the day lower. Initial strong gains after the open on Wednesday turned out to be short-lived after holiday retail sales results came in way below expectations. The 1.1% drop was the largest in over a year. […]

This report was sent to Briefing.com subscribers earlier today.  Research calls posted earlier this morning are available here.   Upgrades: > Chegg (CHGG) upgraded to Overweight from Sector Weight at KeyBanc Capital Markets; tgt $29 > Coeur Mining (CDE) upgraded to Hold from Sell at Canaccord Genuity; tgt $4 > Heineken (HEINY) upgraded to Sector […]

Premarket action on Thursday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.64%, the S&P 500 down 0.7% and the Nasdaq 0.82% lower. All 11 market sectors closed lower Wednesday, with consumer staples (−2.65%) and utilities (−2.41%) posting the largest losses. Communications services (−0.93%) and technology (−1.28%) made the […]

The fourth quarter earnings season is always the most important because it reveals the full year performance of the companies as well. This time, however, it is even more important as investors will get an idea of how the weakening macroeconomic environment and inflationary pressures are affecting earnings. For the fourth quarter of 2022, the […]

After one of the worst years for superannuation returns since the global financial crisis, uncertainty and volatility are set to continue to challenge investors and see balances bounce up and down in the year ahead. But experts say that despite a turbulent 2022, characterised by high inflation, rising interest rates and the war in Ukraine, […]

The futures are trading lower Friday morning, as the first full trading week for 2023 is set to end and after all the major indexes closed higher Thursday. The sword of Damocles that was the December consumer price index came in as expected, with prices rising year over year at 6.5%, as inflation dropped for […]

Premarket action Friday had the three major U.S. indexes trading lower. The Dow Jones industrials were down 0.13%, the S&P 500 down 0.27% and the Nasdaq is 0.48% lower. Eight of 11 market sectors closed higher Thursday, with energy (1.87%) and real estate (1.06%) leading the gainers. Consumer staples (−0.79%) and utilities (−0.64%) posted the […]