This chart shows that the unemployment rate has fallen sharply and remains low compared to historical standards. Inflation is still running hot, but the latest trends indicate inflation is peaking and headed gradually lower. Bonds are enduring similar pressure amid sharply higher interest rates. The Fed https://www.bankofamerica.com/ is in the early stages of a tightening campaign aimed at curbing those inflation pressures. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. Why Maker Is Up Over 30% Today Emma Newbery
This aligns with our current view that we think a shift in Fed expectations will be a necessary catalyst for a more enduring shift in the market’s current mood. We don’t think equities have to post further or persistent Booking stock price today declines in the interim. But we think a moderation in inflation pressures will be a trigger for sufficient confidence that the necessary amount of upcoming Fed tightening is already captured in the market.
Electronic Arts also said it ended its branding partnership with FIFA, and will rename its popular soccer game EA Sports FC. GlobalFoundries late https://dotbig.com/markets/stocks/BKNG/ Tuesday beat Q1 earnings estimates on better-than-expected sales. Its guidance for the current quarter also was much better than expected.
But the contract chipmaker — which went public Oct. 28 at 47 a share — reversed lower more than 6%. Coinbase’s woes reflect a broader malaise in cryptocurrency assets. ProShares Bitcoin Strategy , an ETF that tracks Bitcoin, slid more than 5% to a record low this DotBig morning but reversed slightly higher. Volume fell on the NYSE and Nasdaq compared with the same time on Tuesday. Binance Backs Elon Musk’s Deal to Take Twitter PrivateThe world’s biggest cryptocurrency exchange is backing Elon Musk’s bid to take Twitter private.
The information contained herein constitutes general information and is not directed to, designed for, or individually tailored to, any particular investor or potential investor. The Dow fell 326 points, extending its losing stretch to five sessions. The broad benchmark retreated back below the 4,000 level to its lowest point since March 2021. The Nasdaq Composite slumped 3.2% as growth-related shares fared the worst, while the mega-cap Nasdaq 100 dropped 3.1% to a November 2020 trough.
May 11, 2022 An unpleasant earnings surprise sent its stock lower.
Each attempts to give the economy a lift by encouraging consumers and businesses to spend money. Article
The recent pullback, along with last week’s reaction to the Fed meeting, appears to be pricing in a consensus view that a recession is imminent. In fact, our economic-cycle model confirms some late-cycle characteristics. One area of note is housing, which we think will be particularly impacted by the Fed’s actions. We’ve already seen mortgage applications drop as rates have jumped, and we expect the pace of housing-price gains to simmer from the recent boil .