U.S. stocks end lower after jobs data, as S&P 500 suffers its longest losing streak since 2011

All three major US stock benchmarks closed lower Friday, each booking another week of losses, as investors weighed April jobs data amid heightened stagflation fears. The S&P 500 fell for a fifth straight week, its longest losing streak since June 2011, according to Dow Jones Market Data. How did stock indexes perform? The Dow Jones … Read more

Who’s to blame for Thursday’s selloff? The Fed, and you, says this analyst

It’s not great that there’s a major central bank officially predicting an economic contraction. Nor is it terrific that US productivity fell by the most since 1947 on rising labor costs. And let’s throw in China doubling down on its zero-COVID policy, which doesn’t exactly lend confidence in the world’s number-two economy. But Thursday’s 3.6% … Read more

Stock market starts to price ‘rising risk of stagflation,’ says Research Affiliates CEO. Here’s how investors may be positioning.

Equity markets are starting to price “the rising risk of stagflation,” according to Research Affiliates chief executive officer Chris Brightman. “Investors are repositioning portfolios to protect the real value of their financial capital,” Brightman wrote in a Research Affiliates note this month. “Capital markets have panicked as investors try to anticipate how soon the Fed … Read more

U.S. Job Openings, Quits Reach March Records in Tight Labor Market

Job openings and the number of times workers quit reached the highest levels on record in March, as a shortage of available workers continued to pressure the US labor market. The Labor Department on Tuesday reported a seasonally adjusted 11.5 million job openings in March, an increase from 11.3 million the prior month. The number … Read more

Bitcoin Has Been Tumbling. The Fed Might Make It Worse.

Text size Macro headwinds could make it tougher for Bitcoin and other cryptos. Dreamstime A bear market has settled in for tech stocks as the Fed turns hawkish. It doesn’t bode well for Bitcoin and other cryptocurrencies. Tea Nasdaq Composite Index has now slumped more than 20% from its peak last November, putting the tech-heavy … Read more

U.S. Job Openings, Total Quits Reach March Records in Tight Labor Market

Job openings and the number of times workers quit reached the highest levels on record in March, the Labor Department said, as a shortage of available workers continued to pressure the US labor market. The Labor Department on Tuesday reported a seasonally adjusted 11.5 million job openings in March, an increase from 11.3 million the … Read more

Recession fears are growing. Is this weak stock market trying to tell us something?

Might recent stock market weakness be forecasting an economic recession? Up until last this week, few had given that possibility much credence. The market’s weakness — the S&P 500 SPX is down about 14% from its early-January 2022 all-time high, at last check — was caused by rising interest rates, the narrative went, and those … Read more

The Bitter Fruit of Inflation: Dow 29500

The recent report showing negative economic growth for the first quarter of the year is a painful reminder of the damage that inflation can do. The current 8.5% inflation rate is the highest in 40 years. But few policy makers or Federal Reserve governors seem to have learned the lessons from the last bout of … Read more

Chinese Tech Stocks Lead Market Rebound

HONG KONG—Alibaba Group Holding ltd. BABA 9.90% and other Chinese technology stocks jumped by double-digit percentages, leading a broader market rally, on investor hopes that the government would do more to support the sector and the broader economy. The surge on Friday helped Chinese shares recoup some of their recent losses, while the yuan also … Read more

U.S. inflation rate surges to 6.6%, PCE index shows, but prices might also be peaking

The numbers: The Federal Reserve’s preferred measure of inflation rose a sharp 0.9% in March, but the increase largely stemmed from a surge in the cost of gas and there were some signs that intense price pressures could be starting to ease. Over the past 12 months, the personal consumption price index has climbed 6.6%, … Read more