Jerome Powell, market and stocks
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Live Updates Live Coverage Has Ended Friday Wrap-up 4:10 pm The Vanguard S&P 500 ETF closed at 593.22 Friday, up 1.5% for the day but only 0.3% for the week. Walmart Can Still Win, Too 11:55 am Investment bank Truist lowered its price target on S&P 500 component Walmart (NYSE: WMT) stock to $109 after
The stock market is heading into a catalyst-filled week as Fed Chair Jerome Powell gets ready to speak at Jackson Hole and big retailers report earnings.
When Nvidia, the chip producer, reports earnings next week, investors expect the S&P 500 to have a bigger reaction than when the Fed chair delivers a big speech on Friday.
Live Updates Live Coverage Has Ended Thursday Wrap-up 4:17 pm The Vanguard S&P 500 ETF closed at 584.27 Thursday, down 0.4%. Morgan Stanley Loves HP Enterprise 12:31 pm In analyst action, Morgan Stanley analyst Erik Woodring upgraded shares of HP Enterprise (NYSE: HPE) to overweight with a $28 price target this morning.
A flight to quality trade happens when investors begin to get more defensive and risk-averse, buying stocks that they perceive as higher-quality and avoiding low-quality ones. It’s typical of a market that is seeking safety as some investors bail out, and may presage a market drop.
An exchange-traded fund that equally weights stocks in the S&P 500 was outperforming the U.S. equities benchmark on Friday, in a broad rally sparked by Federal Reserve Chair Jerome Powell’s remarks on monetary policy.
President Donald Trump has exerted unprecedented influence on the U.S. economy, and global financial markets, since his return to the White House earlier this year. But his efforts to dictate Federal Reserve interest rates,