Tag: base materials
Stocks wobble as Jerome Powell returns to Congress
US stocks teetered between small gains and losses on Wednesday as investors analyzed a second day of congressional testimony from Federal Reserve Chairman Jerome Powell and further data suggesting the job market remains hot. The S&P 500 rose 5.64 points, or 0.1%, to 3992.01, while the Nasdaq Composite rose 45.67 points, or 0.4%, to 11576.00. […]
Why the stock market rally can continue, says Morgan Stanley strategist who only recently warned of a death zone.
Following last week’s rally, investors appear headed for the sidelines on Monday. Aside from a disappointing growth forecast out of China over the weekend driving oil prices higher, we have a sparse but solid lineup for the week with comments from Fed Chair Jerome Powell and a jobs update. Here’s Deutsche Bank, summarizing what’s at […]