Stocks News

Durable goods orders jump 9.9% in July, far exceeding expectations; transportation drives the surge, core goods dip 0.1%, while stocks rise and Treasury yields edge lower.

Powell expected to acknowledge progress in cooling inflation while maintaining data-dependent stance on future policy actions

U.S. jobless claims rise to 232K, indicating potential labor market cooling. Insured unemployment holds steady, but continued claims hit 2021 highs.

Fed’s July minutes may be a non-event, with focus shifting to Powell’s Jackson Hole speech for key clues on upcoming rate decisions.

Easing fears of a US economic recession and expectations of multiple 2024 Fed rate cuts fueled crypto demand.

The Fed hints at a September rate cut as inflation cools, but rising unemployment complicates the path to achieving economic growth and job market stability.

U.S. residential construction slows in July 2024 with permits and starts declining. Rising rates and uncertainty suggest bearish housing market trends.

U.S. retail sales jumped 1% in July, hitting $709.7B and exceeding expectations. Strong consumer demand boosts economic confidence amid easing inflation.

July 2024 inflation rises to 2.3% year-over-year. Energy prices surge, with gas up 11.4%. Service sector inflation slows, as transport and communication prices drop.

Core PPI, excluding food, energy, and trade services, advances 0.3% in July, outpacing June’s 0.1% increase and hinting at stronger inflationary pressures.

As price pressures ease, a crucial question looms: Is inflation fading away, or just catching its breath? The CPI report holds the answer.

Markets respond positively to lower-than-expected jobless claims, suggesting potential economic stability amid growth concerns.

Eli Lilly reports Q2 EPS of $3.92, exceeding expectations. Revenue reaches $11.30 billion, driven by strong drug sales.

Dow Jones component Disney’s combined streaming services posted an operating profit of $47 million, a significant improvement from last year’s $512 million loss.

Global market rout linked to unwinding of yen carry trades. Tech stocks hit hard as Nasdaq drops 8%+ in August. Traders expect 120+ bps Fed rate cuts by year-end.

July jobs report shows unexpected slowdown in US labor market. Nonfarm payrolls miss estimates, unemployment rises to 4.3%. Implications for Fed policy and markets.

Insured unemployment reaches 1,877,000, the highest level since November 2021, signaling potential softening in the labor market.

ADP Report shows large establishments added 62,000 jobs while small businesses lost 7,000, signaling potential economic shift.

Boeing’s ongoing production delays, regulatory scrutiny, and financial underperformance suggest a bearish short-term outlook for the company.

Market reaction suggests bearish sentiment for Microsoft’s short-term outlook, with investors focused on the company’s cloud growth strategy