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Time of India
2 days ago
- Business
- Time of India
Wall Street ends mixed amid cooling Middle East tensions; Powell in focus
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel U.S. stocks took a breather on Wednesday, pausing a two-day rally as the tenuous Israel-Iran cease fire continued to hold and investors pored over a second day of congressional testimony from Federal Reserve Chair Jerome Powell Tech shares lifted the Nasdaq, while the S&P 500 ended flat. The benchmark index remained within striking distance of its record closing high reached on February blue-chip Dow ended in negative territory."It almost feels like back to your regularly scheduled bull market," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "We've dealt with the tariffs, we've dealt with the Middle East drama, but stocks continue to defy the odds by moving higher with the realization that the U.S. economy remains quite resilient.""But today it's almost like watching paint dry as we're all waiting for the S&P 500 to make new highs," Detrick added. Nvidia shares touched a record high, lifting its market value to $3.75 trillion and making it the world's most valuable the 11 major sectors of the S&P 500, technology, communication services, and healthcare advanced on the day. Defensives such as real estate, consumer staples and utilities underperformed the broader market."The lifeblood of a bull market is rotation," Detrick said. "And to see technology and communication services taking back the baton is really a good sign that this surprise summer rally likely has legs."The Dow Jones Industrial Average fell 106.59 points, or 0.25%, to 42,982.43, the S&P 500 lost 0.02 points, or 0.00%, to 6,092.16 and the Nasdaq Composite gained 61.02 points, or 0.31%, to 19, fragile truce between Israel and Iran continued to hold, with U.S. President Donald Trump declaring victory despite a lack of clarity regarding the extent of the damage U.S. strikes had on Iran's uranium enrichment Chair Jerome Powell, in his second straight day of congressional testimony, reiterated to the Senate Banking Committee that the central bank is well-positioned to wait to cut interest rates until the inflationary effects of Trump's wide-ranging tariffs are better markets are pricing in almost a 25% likelihood of a rate cut at the July policy meeting, and a 67% probability that the first cut will arrive in September, according to CME's FedWatch data on Wednesday showed new home sales plunged 13.7% and applications for loans to buy homes dipped as mortgage rates edged Thursday, the Commerce Department is due to issue its final take on first-quarter GDP, and its Personal Consumption Expenditures (PCE) report on Friday will provide insights into consumer spending and inflation. Tesla shares fell 3.8% as its European sales slumped for the fifth uncertainty continues to weigh on corporate guidance. FedEx shares slid 3.3% after the package delivery company forecast quarterly profit below estimates as tariffs weighed on global demand. Rival UPS dropped 1.2%.General Mills also provided disappointing profit guidance, sending its shares 5.1% lower.U.S.-listed shares of cybersecurity firm BlackBerry jumped 12.5% on the heels of its revenue forecast hike, attributed to steady Technology surged more than 5% in extended trading after forecasting better-than-expected fourth-quarter issues outnumbered advancers by a 1.94-to-1 ratio on the NYSE. There were 174 new highs and 69 new lows on the the Nasdaq, 1,566 stocks rose and 2,859 fell as declining issues outnumbered advancers by a 1.83-to-1 S&P 500 posted 24 new 52-week highs and 7 new lows while the Nasdaq Composite recorded 86 new highs and 65 new on U.S. exchanges was 16.02 billion shares, compared with the 18.08 billion average for the full session over the last 20 trading days.
Economic Times
2 days ago
- Business
- Economic Times
Wall Street ends mixed amid cooling Middle East tensions; Powell in focus
U.S. stocks took a breather on Wednesday, pausing a two-day rally as the tenuous Israel-Iran cease fire continued to hold and investors pored over a second day of congressional testimony from Federal Reserve Chair Jerome Powell. ADVERTISEMENT Tech shares lifted the Nasdaq, while the S&P 500 ended flat. The benchmark index remained within striking distance of its record closing high reached on February 19. The blue-chip Dow ended in negative territory. "It almost feels like back to your regularly scheduled bull market," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "We've dealt with the tariffs, we've dealt with the Middle East drama, but stocks continue to defy the odds by moving higher with the realization that the U.S. economy remains quite resilient." "But today it's almost like watching paint dry as we're all waiting for the S&P 500 to make new highs," Detrick added. Nvidia shares touched a record high, lifting its market value to $3.75 trillion and making it the world's most valuable company. ADVERTISEMENT Among the 11 major sectors of the S&P 500, technology, communication services, and healthcare advanced on the day. Defensives such as real estate, consumer staples and utilities underperformed the broader market. "The lifeblood of a bull market is rotation," Detrick said. "And to see technology and communication services taking back the baton is really a good sign that this surprise summer rally likely has legs." ADVERTISEMENT The Dow Jones Industrial Average fell 106.59 points, or 0.25%, to 42,982.43, the S&P 500 lost 0.02 points, or 0.00%, to 6,092.16 and the Nasdaq Composite gained 61.02 points, or 0.31%, to 19,973.55. The fragile truce between Israel and Iran continued to hold, with U.S. President Donald Trump declaring victory despite a lack of clarity regarding the extent of the damage U.S. strikes had on Iran's uranium enrichment assets. ADVERTISEMENT Fed Chair Jerome Powell, in his second straight day of congressional testimony, reiterated to the Senate Banking Committee that the central bank is well-positioned to wait to cut interest rates until the inflationary effects of Trump's wide-ranging tariffs are better known. Financial markets are pricing in almost a 25% likelihood of a rate cut at the July policy meeting, and a 67% probability that the first cut will arrive in September, according to CME's FedWatch tool. ADVERTISEMENT Housing data on Wednesday showed new home sales plunged 13.7% and applications for loans to buy homes dipped as mortgage rates edged higher. On Thursday, the Commerce Department is due to issue its final take on first-quarter GDP, and its Personal Consumption Expenditures (PCE) report on Friday will provide insights into consumer spending and inflation. Tesla shares fell 3.8% as its European sales slumped for the fifth month. Economic uncertainty continues to weigh on corporate guidance. FedEx shares slid 3.3% after the package delivery company forecast quarterly profit below estimates as tariffs weighed on global demand. Rival UPS dropped 1.2%. General Mills also provided disappointing profit guidance, sending its shares 5.1% lower. U.S.-listed shares of cybersecurity firm BlackBerry jumped 12.5% on the heels of its revenue forecast hike, attributed to steady demand. Micron Technology surged more than 5% in extended trading after forecasting better-than-expected fourth-quarter revenue. Declining issues outnumbered advancers by a 1.94-to-1 ratio on the NYSE. There were 174 new highs and 69 new lows on the NYSE. On the Nasdaq, 1,566 stocks rose and 2,859 fell as declining issues outnumbered advancers by a 1.83-to-1 ratio. The S&P 500 posted 24 new 52-week highs and 7 new lows while the Nasdaq Composite recorded 86 new highs and 65 new lows. Volume on U.S. exchanges was 16.02 billion shares, compared with the 18.08 billion average for the full session over the last 20 trading days. (You can now subscribe to our ETMarkets WhatsApp channel)
New Straits Times
3 days ago
- Business
- New Straits Times
Wall Street ends mixed amid cooling Middle East tensions
NEW YORK: US stocks took a breather, pausing a two-day rally as the tenuous Israel-Iran cease fire continued to hold and investors pored over a second day of congressional testimony from Federal Reserve Chair Jerome Powell. Tech shares lifted the Nasdaq, while the S&P 500 ended flat. The benchmark index remained within striking distance of its record closing high reached on February 19. The blue-chip Dow ended in negative territory. "It almost feels like back to your regularly scheduled bull market," said Ryan Detrick, chief market strategist at Carson Group in Omaha. "We've dealt with the tariffs, we've dealt with the Middle East drama, but stocks continue to defy the odds by moving higher with the realization that the US economy remains quite resilient." "But today it's almost like watching paint dry as we're all waiting for the S&P 500 to make new highs," Detrick added. Nvidia shares touched a record high, lifting its market value to US$3.75 trillion and making it the world's most valuable company. Among the 11 major sectors of the S&P 500, technology, communication services, and healthcare advanced on the day. Defensives such as real estate, consumer staples and utilities underperformed the broader market. "The lifeblood of a bull market is rotation," Detrick said. "And to see technology and communication services taking back the baton is really a good sign that this surprise summer rally likely has legs." The Dow Jones Industrial Average fell 106.59 points, or 0.25 per cent, to 42,982.43, the S&P 500 lost 0.02 points, or 0.00 per cent, to 6,092.16 and the Nasdaq Composite gained 61.02 points, or 0.31 per cent, to 19,973.55. The fragile truce between Israel and Iran continued to hold, with US President Donald Trump declaring victory despite a lack of clarity regarding the extent of the damage US strikes had on Iran's uranium enrichment assets. Fed Chair Jerome Powell, in his second straight day of congressional testimony, reiterated to the Senate Banking Committee that the central bank is well-positioned to wait to cut interest rates until the inflationary effects of Trump's wide-ranging tariffs are better known. Financial markets are pricing in almost a 25 per cent likelihood of a rate cut at the July policy meeting, and a 67 per cent probability that the first cut will arrive in September, according to CME's FedWatch tool. Housing data on Wednesday showed new home sales plunged 13.7 per cent and applications for loans to buy homes dipped as mortgage rates edged higher. On Thursday, the Commerce Department is due to issue its final take on first-quarter GDP, and its Personal Consumption Expenditures (PCE) report on Friday will provide insights into consumer spending and inflation. Tesla shares fell 3.8 per cent as its European sales slumped for the fifth month. Economic uncertainty continues to weigh on corporate guidance. FedEx shares slid 3.3 per cent after the package delivery company forecast quarterly profit below estimates as tariffs weighed on global demand. Rival UPS dropped 1.2 per cent. General Mills also provided disappointing profit guidance, sending its shares 5.1 per cent lower. US-listed shares of cybersecurity firm BlackBerry jumped 12.5 per cent on the heels of its revenue forecast hike, attributed to steady demand. Micron Technology surged more than 5 per cent in extended trading after forecasting better-than-expected fourth-quarter revenue. Declining issues outnumbered advancers by a 1.94-to-1 ratio on the NYSE. There were 174 new highs and 69 new lows on the NYSE. On the Nasdaq, 1,566 stocks rose and 2,859 fell as declining issues outnumbered advancers by a 1.83-to-1 ratio. The S&P 500 posted 24 new 52-week highs and 7 new lows while the Nasdaq Composite recorded 86 new highs and 65 new lows. Volume on US exchanges was 16.02 billion shares, compared with the 18.08 billion average for the full session over the last 20 trading days.
Yahoo
09-06-2025
- Business
- Yahoo
The S&P 500 Just Did Something Unseen in 35 Years. It Could Signal a Big Move in Stocks Over the Next 12 Months.
The stock market has been extremely volatile in 2025 as trade policies and economic uncertainty shake investors. The recent market rally could give some investors confidence going forward. Investing in the current market comes with risks, but history is on your side. 10 stocks we like better than S&P 500 Index › The stock market has been on a roller coaster ride since the start of the year. After a rocky January, when AI stocks got dinged by DeepSeek's news of a cheaper reasoning model, the S&P 500 (SNPINDEX: ^GSPC) returned to an all-time high in February. Then, President Trump's tariff discussions put many investors on edge as he announced plans for taxes on imports from Mexico, Canada, and China. That went into overdrive at the start of April, when Trump enacted significantly higher-than-expected tariffs on practically every country in the world. The announcement produced one of the worst two-day market crashes in history. But after walking back the implementation of most of the tariffs (for now) and investors acclimating to this uncertain environment, the stock market has mostly recovered. In fact, the S&P 500 index just did something in May for the first time since 1990, and historically, it signals a big move in stocks over the next 12 months. Here's what investors need to know. The S&P 500 climbed 6.15% in the month of May. That's the first time the benchmark index climbed more than 6% in the month of May since 1990 and just the seventh time May's performance has topped 5% since 1985, according to Carson Investment Research's Ryan Detrick. While investors who missed the chance to buy the dip in April may be bemoaning the stock market's rapid comeback, history suggests they may still have an opportunity to buy. In each of the last six instances when the S&P 500 return topped 5% in May, it went on to produce an average return of nearly 20% over the next 12 months. So much for "Sell in May and go away." In fact, Detrick's data shows that none of the six instances ended with a negative return over the next 12 months despite the market's penchant for reverting to the mean. That said, investors who bought after the 9.2% rally in May of 1990 did have to sit through a three-month period from July through October when stocks fell almost 20%. Ultimately, however, those investors saw the index climb about 8% for the year after the May rally. The month of June is already off to a strong start as of this writing. But if investors can expect 20% gains in the index for the next year, there's still a lot more growth to come. While Detrick's data shows the market tends to keep climbing higher after abnormally strong Mays, investors shouldn't put too much weight into the historical data. First of all, the sample size is minuscule. Six data points over 40 years don't give enough information for the basis of a financial decision. Second of all, every market is different. The 1990 rally was fueled by falling interest rates. Indeed, the rate on the 30-year Treasury bond fell all the way from 9% to 8.6%. By contrast, the 2025 rally was fueled by easing trade tensions. In both cases, many investors expressed concerns about market valuations amid the rally. Indeed, the CAPE ratio returned to its high levels, and stocks look even more expensive after analysts adjusted their forward earnings expectations lower. Still, it's unlikely the next 12 months will look anything like the 12 months from June of 1990 through May of 1991. As such, individual stock investors should remain vigilant in their efforts to find good investments. As investor Peter Lynch said, "Buy the right stocks at the wrong price at the wrong time and you'll suffer great losses." But if you find a good opportunity, history suggests you could end up with a strong return over the next year. For passive investors, you're playing a different game. There's no need to pay attention to history. You should be fully invested in your index fund of choice at all times. Trying to time the market based on recent results is a surefire way to underperform the index over the long run. May's rally was a welcome reprieve from the crash we saw in April. History suggests more strong months may be ahead, but I caution investors from reading too much into how similar May rallies have played out in the past. Before you buy stock in S&P 500 Index, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and S&P 500 Index wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor's total average return is 792% — a market-crushing outperformance compared to 173% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Adam Levy has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. The S&P 500 Just Did Something Unseen in 35 Years. It Could Signal a Big Move in Stocks Over the Next 12 Months. was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
19-05-2025
- Business
- CNBC
Stock market futures are flat after S&P 500 extends winning streak to six days: Live updates
Stock futures were little changed on Monday evening as Wall Street waits to see if last week's market rally can find new momentum. S&P 500 futures dipped less than 0.1%. Nasdaq 100 futures were down 0.1%, while futures tied to the Dow Jones Industrial Average shed 15 points, or less than 0.1%. The moves in futures follow a relatively calm trading session on Monday that saw the S&P 500 grind higher by 0.09% for its sixth straight positive session. The Dow gained about 137 points, or 0.32%, while the Nasdaq Composite ticked up just 0.02%. While Monday's gains were marginal, they do add to what has been a rapid and sharp rebound for stocks over the past five weeks. The S&P 500 is now just 3% from its record high. The gains despite continued uncertainty around the impact of tariffs on the economy and worries about a potential U.S. recession. Investors even shrugged off the downgrade of the U.S. government's credit by Moody's Ratings. That backdrop has led to some skepticism about the rally, but Carson Group chief market strategist Ryan Detrick told CNBC that the rebound should be taken seriously. "All these worries and concerns are real. We're not ignoring everything that's out there. But are we listening to what the market's doing, right? The previous 27 trading days, the S&P 500 is up close to 20%. … That's not a bear market rally. That's not a short-covering rally," Detrick said Monday on "Closing Bell: Overtime." Earnings reports will provide some fodder for the debate about the U.S. economy on Tuesday. Home Depot is set to report its latest results in the morning, while homebuilder Toll Brothers will release its quarterly report after the market closes. Traders will also keep an eye out for commentary about the Federal Reserve's interest rate policy, as several central bank officials are scheduled to speak on Tuesday, including St. Louis Fed President Alberto Musalem. Stock market futures were calm when trading resumed at 6 p.m. in New York. S&P 500 futures were down less than 0.1%. — Jesse Pound
