In a note last week, U.S. economists at Deutsche Bank said the 101-cent increase in gas prices from a year earlier would be expected to lead to a reduction in income that can be spent on non-energy items of about $120 billion
Some fund managers have also become worried over the comparatively high valuations commanded by growth stocks, which have helped boost the S&P's price-earnings ratio near its highest level since the 2001 dotcom bubble.
Wall Street equity indices scaled fresh highs in August, without the backing of any economic or profit fundamental, said Lisa Shalett, Chief Investment Officer, Morgan Stanley Wealth Management while adding that this up-move
Apple’s P/E multiples are, however, more expensive than peers such as Google, which trades at 28.8x and Facebook that trades at 27x. Meanwhile other technology giants such as Microsoft and Amazon trade at higher multiples t
Utilities are the S&P 500's best-performing sector so far this quarter with a 10.2% gain. They have been followed by other popular destinations for nervous investors, including real estate and healthcare.
Worries over slowing growth in China and other major economies have hit prices for oil, copper and other raw materials while the U.S. dollar, a key destination for nervous investors, stands at its highest level in nearly nine
With the S&P 500 up nearly 100% from its pandemic-lows hit in March 2020, investors have also said stocks might be due for some profit-taking. But a strong second-quarter earnings season is likely to keep losses limited.
Data on Wednesday showed U.S. homebuilding fell more than expected in July, the latest indication that surging construction costs and home prices continued to constrain the housing market early in the third quarter.
The S&P 500 value stock index, which is relatively heavily weighted in shares of financials, energy firms and other economically sensitive companies, is up 5.5% from last month's lows, outperforming its tech-heavy counterpart
The rising sense of concern comes as investors anticipate possible further details on plans to pull back emergency-level supports of the economy from the Federal Reserve at the Jackson Hole annual conference of central banker
Amid the short squeezes, the lawsuits, the vitriol and the battle for investing inclusivity, in Robinhood’s timely IPO we’re seeing the start of what’s set to become a financial class war between retail and Wall Street.