Markets closed down significantly on Friday and have started this week poorly. US stocks entered a bear market, Treasury yields spiked to levels not seen in a decade and the Dollar rallied as the fallout from a hot inflation reading continued to rattle global trading already shaken by worries the Federal Reserve will plunge the…
Recently the term “bear market” appear more and more in conversation. But what does it mean? Bears and bulls are common animal metaphors used in the stock market. Think about how these animals attack their prey: a bull would raise its horns upward, while a bear reaches with its head downward. Generally these terms indicate…
A late-day rally lifted US stocks on Friday, after another week-long sell-off sent the S&P 500 briefly into bear market territory. The broad measure ended the session little changed after earlier falling as much as 2.3%, bringing it more than 20% below its 3 January all-time high — the technical definition of a bear market. The…
April was a tough month for markets, as they struggled to digest the toxic mix of still-rising inflation and lower growth, along with a helping of weak company results. Having bounced in March, equity markets fell back again as optimism for a relatively swift resolution to the Ukraine conflict dwindled. As of last week, the…
US stocks posted a fifth straight losing week, their longest streak of declines in more than a decade, after a strong jobs report on Friday added fuel to concerns about surging inflation. The benchmark S&P 500 Index closed down 0.6% to bring its weekly loss to 0.2%. It hasn’t fallen for five straight weeks since 2011….
In the international news Tesla and SpaceX CEO, billionaire Elon Musk sold about $8.5bn of Tesla stock after announcing he will buy Twitter for $44bn, a milestone moment for the 16-year old social media platform, which will take it from being a publicly-owned company to a private one. His takeover is expected to be completed…
In the US equity markets ended the week lower, on concerns about the Federal Reserve’s notably more hawkish stance and about the impact of inflation on consumer spending, and thereby corporate earnings and margin outlook. The S&P 500 fell -2.77% on the day, breaking down below the 50 day moving average. The technology-heavy Nasdaq 100…
Equity markets in Europe are closed for Easter, whilst in the US indices were little changed, with the Dow Jones Industrials and NASDAQ both down -0.1% and the S&P 500 flat. However, this follows a more volatile day last Thursday: European equity markets were higher, with the FTSE 100 up +0.5% and Eurostoxx 600 up…
In the US the Dow Jones closed in positive territory, driven by gains among energy and financials stocks, while the NASDAQ declined -1.3% and S&P 500 was down -0.3% due to the tech selloff. The US dollar index almost reached 100, its highest level since 2017. Markets are still dominated by recession fears, as well…
The last day of the tax year is coming up in April, but there is still time to take steps in order to make the most of your pension. Here are some useful tips from our partners at Standard Life to help you prepare. 1. Use your pension allowance Your pension annual allowance is the…