Bloomberg “U.S. Equity Indexes Rebound; Treasuries Decline: Markets Wrap.” The convulsions in U.S. equity markets showed signs of abating, with indexes bouncing back from Thursday’s big losses, but stocks remain on track for their worst week in more than a year as interest-rate fears haunt investors. The S&P 500 Index opened higher Friday after entering....
Bloomberg “Stocks Rebound Globally as Crude Oil Snaps Selloff.” Investors got a reprieve from last week’s rout as equities advanced around the world and volatility subsided. Treasuries fell alongside the dollar. The S&P 500 Index climbed, led by tech hardware makers and energy producers, joining gains in the Stocks Europe 600 and gauges in Asia.....
Bloomberg “U.S. Stocks Fluctuate as Traders Weigh Fed Outlook.” U.S. stocks pared declines, as financial shares pushed higher with 10-year Treasury yields after data showed an unexpected acceleration in price gains. The S&P 500 Index was slightly higher after erasing a drop of 0.5 percent. Futures on the measure had tumbled more than 1 percent....
Bloomberg “European Stocks Falter After Asia Rally; Oil Rises.” European shares struggled to carry forward a rally from Japan and the U.S., where the S&P 500 index notched its best week in five years. Oil climbed while the dollar advanced against most major peers. The Stoxx Europe 600 index slipped as auto and consumer stocks....
Bloomberg “Einhorn Says Greenlight Posts Worst Underperformance Since 2000.” Hedge fund manager David Einhorn said a shift in favor toward value stocks may soon be coming even after his firm posted its worst underperformance in almost two decades. “While we’ve never underperformed like this, our prior worst underperformance compared to the S&P came in March....
Bloomberg “U.S. Fourth-Quarter Growth Revised Down to 2.5% Annual Pace.” The U.S. economy’s growth rate last quarter was revised slightly downward as inventories subtracted more than previously estimated, Commerce Department data showed Wednesday. The latest results for GDP, the value of all goods and services produced in the U.S., show the economy ended the year....
Bloomberg “Trump Says No Mexico, Canada Steel Break Without Fair Nafta.” President Donald Trump said the U.S. won’t lower tariffs on steel and aluminum from Mexico and Canada unless the two countries agree to a revamped Nafta that’s fair to the U.S. “NAFTA, which is under renegotiation right now, has been a bad deal for....
Bloomberg “Blown Earnings Calls Started the Bull Market. One Day They’ll End It.” As the U.S. equity bull market heads into its 10th year with earnings underpinning the case for buying, consider this: at the most important turning points for stocks in the past decade, profit projections have been laughably wrong. Take the start of....
Bloomberg “Bond Traders Haven’t Been So Leery of U.S. Auctions Since the Crisis.” Add one more thing to the list of worries for the world’s most indebted nation: weakening demand at its bond auctions. While there’s no danger of the U.S. being unable to borrow as much as it needs, over the past two years,....
Bloomberg “U.S. Existing-Home Sales Rebound Even as Inventory Remains Tight.” Sales of previously-owned U.S. homes rose more than expected in the first gain in three months, indicating that job gains and tax cuts are supporting demand despite low supply, National Association of Realtors data showed Wednesday. The results indicate that even with a low supply....
Bloomberg “China Hits Back on Trump Tariffs as Europe Off Hook for Now.” The trade conflict between China and the U.S. escalated, with Beijing announcing its first retaliation against metals levies hours after President Donald Trump outlined fresh tariffs on $50 billion of Chinese imports and pledged there’s more on the way. On Friday, China....
Bloomberg “Stocks Rebound, Dollar Slumps as Trade Angst Ebbs: Markets Wrap.” U.S. equities rallied back from the biggest weekly rout in more than two years, with major benchmarks climbing on signs that an escalation of trade tensions was beginning to ease. Chipmakers and banks were among the biggest gainers on the S&P 500 Index. The....
Bloomberg “Amazon Slides With Another ‘Long Day’ for Tech Traders.” Tech stocks are in for another volatile day as Tuesday’s selloff gave way to a pre-market roller coaster. Facebook Inc. initially led peers higher in early trading after unveiling new privacy settings in response to criticism about its handling of millions of users’ personal data.....
Bloomberg “Stocks Battered as Protectionism Sparks Volatility: Markets Wrap.” Fears of a trade war between the world’s two largest economies returned to haunt markets on Wednesday, mauling U.S. stocks and sending investors into haven assets from Treasuries to gold. The S&P 500 Index tumbled through its average price for the past 200 days, with all....
Bloomberg “U.S. Stocks Slump, Treasuries Rise on Trade, Jobs: Markets Wrap.” U.S. stocks fell and Treasuries rose as investors assessed the latest threat to the global trade order and a disappointing jobs report. The S&P 500 pared its weekly gain after President Donald Trump ordered his team to consider additional tariffs on Chinese imports, prompting....