21 Dec 2022 - Stocks rose Tuesday as Wall Street shook off a surprise move from the Bank of Japan that sent global bond yields up. It’s been a rough year for stocks, from the market’s yearly high on January 3 to this morning, US stocks have shed $11.7 trillion in market cap and of the $11.7 trillion, more than $5 trillion in losses come from just five companies - Apple, Microsoft, Amazon, Alphabet, Meta and Tesla.
20 Dec 2022 - Stocks fell Monday as recession fears mounted and investors worried time is running out for a year-end rally. The Federal Reserve, European Central Bank and the Bank of England each pushed interest rates higher by ½ of 1 percent last week, a step down in the previous pace of increases. However, they stood firm on their plans to continue their attempts to slow rising prices, with the ECB saying “inflation remains far too high”. Their...
19 Dec 2022 - Stocks dropped Friday, building on their year-end sell-off, as fears grow over a recession taking place as the Federal Reserve continues raising rates. Market observers are now focused on future jobs reports into 2023 , as the labour market has grown in significance following Federal Reserve Chair Jerome Powell’s most recent press conference. The Fed chair cited the persistence of wage inflation, even as inflation in goods and shelter appear to be slowing down.
16 Dec 2022 - Stocks fell sharply Thursday after new data showed retail sales fell more than expected in November, raising fears that the Federal Reserve’s relentless interest rate hikes are tipping the economy into a recession.
15 Dec 2022 - Stocks slid Wednesday as the Fed delivered a widely-anticipated 50 basis point rate hike at the conclusion of its December policy meeting. And Tesla shareholders are becoming increasingly worried that Musk is too distracted by his work at Twitter. The electric carmaker’s stock is down 52 percent this year.
14 Dec 2022 - Stocks rose Tuesday after the release of new US inflation data, while traders awaited a key Federal Reserve policy decision. Overnight US consumer price inflation eased more than expected in November to its lowest level in almost a year.
13 Dec 2022 - Markets jumped Monday, clawing back some of the steep losses from the previous week, as traders looked ahead to a highly anticipated Federal Reserve meeting and new inflation data. M&A activity is on the rise as three billion dollar deals were announced overnight.
12 Dec 2022 - Stocks finished lower Friday, with all the major averages posting losses for the week as worries persisted over continued rate hikes. Bloomberg has reported that Investment portfolios owned by individual investors have lost a combined $350 billion this year. The average retail trader’s portfolio is down 30% in 2022, compared to the S&P’s 17% loss - some estimates put the damage as even worse than that - JPMorgan calculates that retail traders are down 38%...
09 Dec 2022 - Stocks rose Thursday as the S&P 500 attempted to crack a five-day losing streak and Wall Street evaluated the odds of a recession ahead. Despite the gains, stocks are on pace for a losing week. There’s been a strong selloff over the last few days and it doesn’t take much to create even the underpinnings for a modest rally. Thursday’s continuing jobless claims the likely catalyst for the market bounce.
08 Dec 2022 - Stocks fell in a choppy session Wednesday as traders weighed the possibility of a recession, and the likelihood of a longer-than-expected hiking cycle from the Federal Reserve. Investors await more economic data this week with jobless claims data due out Thursday, and November’s producer price index and preliminary consumer sentiment data for December out on Friday.
