Wall St. Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

Wall St.  Week Ahead: Stock rally fanned by hopes of Fed ‘past peak hawkishness’

NEW YORK, May 27 (Reuters) – Bad news may once again be good news on Wall Street, as signs of slowing US growth of hopes that the Federal Reserve may not need to tighten policy as much as previously expected. Home sales have fallen for a third straight month, while big misses from retail giants … Read more

Has Inflation Peaked? – The Big Picture

Has inflation peaked? When we look at the data, there are encouraging signs in various sectors. Three of the most significant are Automobiles, Homes, and Labor / Wages: • Automobiles: The semiconductor shortage sent new car supplies down and prices higher; this also helped drive used car prices up. But industry insiders are confident semi … Read more

The S&P 500 launches its fifth 5% rally since the Jan. 3 peak. Could this one stick?

This is the daily notebook of Mike Santoli, CNBC’s senior markets commentator, with ideas about trends, stocks and market statistics. The fifth S&P 500 rally of more than 5% since the Jan. 3 market peak is underway. The index is more than 8% higher than the intraday low for this downturn set a week ago. … Read more

Wall Street stocks snap seven-week losing streak

US stocks snapped a seven-week losing streak on Friday, as investors bet that softening economic data would be enough to slow the Federal Reserve’s tightening of monetary policy. The blue-chip US equities index, the S&P 500, finished the week 6.6 per cent higher, its best showing since November 2020, ending the longest run of weekly … Read more

Oil Prices Are Set To Surge Even Higher This Summer

The combination of limited new supply options, increasing risks to traditional supply, and growing demand around the world, is set to send oil prices even higher this summer. Oilprice Alert: This month’s Intelligent Investor column, now available for Global Energy Alert members, highlights two oil and gas pipeline stocks that could provide strong income for … Read more

Stock Market Extends Rally As Key Inflation Rate Lower Than Expected; Tesla, Boeing, Apple Lead Indexes

The stock market closed sharply higher Friday, extending the rally to a third day, to start the three-day weekend on encouraging inflation data. Tesla (TSLA), Apple (AAPL) and Boeing (BA) were among the blue chip winners. X The S&P gained 2.5%. The Nasdaq composite jumped 3.3% and the Dow Jones Industrial Average closed 1.8% higher. … Read more