Standard&Poor’s 500-Stock Index
Target Will Cut Prices to Clear Out Unwanted Inventory, Taking a Profit Hit
Target plans to cut prices and cancel orders to clear out unwanted inventory, announcing a series of steps on Tuesday to combat inflation and supply chain disruptions. The actions would cut its profit in the current quarter, the company said, pushing its shares down. Target’s share price closed down 2.4 percent. It is the latest […]
Know MoreWall Street’s Losing Streak Ends, but Uncertainty That Drove It Lingers
The stock market’s staggering run of losses came to an end last week, with the S&P 500 snapping a seven-week losing streak and pulling away from the brink of a bear market with a 6.6 percent bounce through Friday. But the concerns that drove Wall Street’s panic this year remain unresolved. It’s far too soon […]
Know MoreStocks Rally Out of Bear Market Territory, but End Lower for a 7th Week
Janet L. Yellen, the Treasury secretary, said high food and energy prices were creating “stagflationary effects” — the combination of high inflation and a stagnating economy. China’s economy, the world’s second-largest after that of the United States, is laboring under the government’s strict pandemic lockdowns. Before the war in Ukraine and Covid’s resurgence in China, […]
Know MoreStock Market Declines Can Help Long-term Investors
But does it make sense to invest in stocks now, she asked? I explained that I couldn’t give advice about buying particular stocks, and instead favor index funds of the kind she already owns. Those funds eliminate the risk of owning the wrong specific stocks at the wrong times. Index funds that track broad markets […]
Know MoreStocks Return to Earth, With the S&P 500 Nearing a Bear Market
But the downdraft has sunk the share prices of companies that represent innovation and the future, too; Amazon is down more than 30 percent since the start of the year and Alphabet, Google’s parent, is off about 20 percent, as investors rethink those companies’ real value. Virtually no stocks have been spared from losses. The […]
Know MoreStocks and Bonds Are Giving Investors Whiplash
Bond funds lost 4.2 percent, on average, with long-term funds recording double-digit declines. Marko Papic, chief strategist at the Clocktower Group, an asset manager, agreed with Mr. Thompson that “the more the stock market ignores Fed hawkishness, the more likely they’re going to go hard early.” But Mr. Papic expects the Fed to choose later […]
Know MoreStocks notch their best week since November 2020.
Oil prices slid and the Federal Reserve offered investors clarity on its plan to tame inflation, triggering a rally that pushed stocks to their best week in more than a year. The S&P 500 rose 1.2 percent on Friday, its fourth consecutive day of gains, bringing its climb for the week to 6.2 percent. It […]
Know MoreBerkshire Hathaway Rebounds From the Pandemic
Warren E. Buffett is eager to make one point clear about Berkshire Hathaway, the conglomerate he controls: It is a good corporate American citizen. In announcing Berkshire’s nearly $90 billion profit for 2021 on Saturday, the billionaire stressed in his annual letter to shareholders the outsize role that the company — whose businesses run from […]
Know More