Stocks Could Keep Rising If the Fed Shows Restraint

Text size As the market rebounds, speculative stocks are stirring. For proof, consider Cathie Wood’s ARK Innovation ETF, up about 40% since mid-June. David Swanson/Reuters/Alamy What bear market? Stocks continued their summer rally this past week as better-than-expected inflation results helped lead to a 3.3% gain in the S&P 500 index, its fourth consecutive weekly … Read more

Stock Market Today: Dow Futures Slip as Pelosi Goes to Taiwan, BP Surges

Text size House Speaker Nancy Pelosi is set to arrive in Taiwan Tuesday. Chip Somodevilla/Getty Images China isn’t the only one upset about Nancy Pelosi’s visit to Taiwan—the stock market is concerned, too. Dow Jones Industrial Average futures have fallen 176 points, or 0.5%, while S&P 500 futures have declined 0.6%, and Nasdaq Composite futures … Read more

The Stock Market Is Rallying. Here’s What Could Make it Tumble Again.

Text size A worse than expected CPI results could derail stocks. Scott Olson/Getty Images While the stock market has enjoyed an impressive run of late, the party could end when the next inflation result comes out in early August.  The S&P 500 has gained 13% since hitting its lowest close of the year in mid … Read more

Gold Has Been a Disappointment This Year. What Could Change That.

Rising interest rates and strength in the dollar contributed to gold’s drop to $1,700.20 an ounce on July 20, the lowest finish since March 30, 2021. Here: a row of gold ingots in a foundry. Andrey Rudakov/Bloomberg Text size Gold has failed to show its value as a haven investment so far this year, with … Read more

The Stock Market May Have Hit Bottom. Here’s Why.

Commodity prices have tumbled in the past month, with oil and copper down 17% and 33%, respectively. Michael M. Santiago/Getty Images Text size It never feels good when the stock market turns big gains into losses, as it did on Monday, and it feels even worse when the losses are triggered by bad news from … Read more

Why Is the Stock Market Down Today? Dow Sinks as Inflation Soars.

Text size The Federal Reserve under Jerome Powell is expected to continue raising interest rates. Olivier Douliery/AFP via Getty Images The stock market was sinking after inflation came in hotter-than-expected in June.  The Dow Jones Industrial Average has declined 334.83 points, or 1.1%, while the S&P 500 has fallen 1.4%, and the Nasdaq Composite futures … Read more

Stocks Break Out. There Are Signs Inflation and Interest Rates May Peak Sooner.

Text size A copper smelter in Jinhua, China. Copper prices, often a signal of where the economy is headed, fell 6% this past week. Top Photo/Sipa USA/Alamy The stock market has predicted nine of the past five recessions, economist Paul Samuelson famously quipped back in the 1960s. A half-century later, is the stock market driving … Read more

Gas-Tax Holiday Is a Gimmick. Here Are Some Better Ideas.

President Biden’s proposed gas-tax holiday is both a gimmick and dead on arrival. Yet, it is attracting inordinate attention across Washington and on Wall Street. There are viable ways to improve energy-price inflation, but they aren’t quick fixes. Nor are they politically comfortable. Earlier this month, this column said that policy makers and politicians are … Read more

Dow Futures Sink on Recession Fears, Ahead of Powell Testimony

Text size People walk along Wall Street, near the New York Stock Exchange in New York. (Photo by ED JONES/AFP via Getty Images) Stock futures fell Wednesday, eating into a good chunk of the previous session’s gains, as investors went back to worrying that the Federal Reserve’s aggressive plans to tighten monetary policy could lead … Read more