Equities log a mixed start to the short week – U.S. stocks were mixed on Tuesday, with the Dow losing 130 points, while the S&P 500 rose 0.2% and the Nasdaq posted a 1.8% gain to start the holiday-shortened week. Instead, the undercurrent of inflation and its resulting worries over a potential recession continue to have a firm grip on the wheel. This isn’t precluding periodic rallies, as equities have shown spurts of optimism recently, but we don’t expect stocks to mount a more persistent recovery until we see evidence of sustained moderation in inflation. Stocks did see a boost midday, which we’d attribute to the sharp sell-off in commodity prices, namely an 8% drop in oil prices that brought crude below $100 per barrel for the first time in two months.
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- Interest rates also declined, with the 10-year Treasury yield falling near 2.8% after hitting 3.5% in mid-June.
Below are the US-listed stocks that currently have the largest market capitalization. The Quarterly Market Outlook offers our perspective on recent activity in the capital DotBig markets. Here are the biggest declines in the day prior out of US-listed large cap stocks. Stocks with the most upside based on average analyst price target.
Where Any Recession Could Be ‘less Shallow’
Below are a list of the least volatile dividend stocks, with a market capitalization of at least $1 billion USD, that are classified as real estate investment trusts. Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the https://dotbig.com/ world’s media organizations, industry events and directly to consumers. As we look across equities, bonds, commodities and currencies, we see that all four of these markets may be starting to sniff out slower growth ahead. U.S. stocks drifted marginally higher in early trading as investors await the latest read on job openings via the JOLTs report and ahead of the Federal Reserve minutes, due at 2pm, for fresh clues on the economy.
In commodities, oil continued its drop trading at the $87 per barrel level. Below are the best performing winners in the previous trading day amongst large cap stocks (those with https://dotbig.com/ a market capitalization of $10 billion or greater). Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts.
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Interest rates also declined, with the 10-year Treasury yield falling near 2.8% after hitting 3.5% in mid-June. The communication services and technology sectors were among the leaders today, with growth investments outperforming, thanks to lower interest rates. With second-quarter earnings announcements on the way, we expect sector performance to take direction https://dotbig.com/markets/stocks/MSFT/ from what’s likely to be a sharp focus on profit-margin trends amid rising input and labor expenses. U.S. stocks posted modest gains as investors took in the likely hood of another sizeable rate hike from the Federal Reserve at the July meeting, according to the prior meeting minutes. In commodities, oil slipped nearly 1% to $98.53 per barrel.
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ECONOMY Job openings, additions, inflation impact top investor watch list Wall Street is currently expecting a total of 11 million job openings as of the end of May and DotBig 268,000 new nonfarm jobs in June. Quotes displayed in real-time or delayed by at least 15 minutes. Powered and implemented byFactSet Digital Solutions.Legal Statement.
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Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. StockNews applied a dividend discount model to find the most undervalued dividend stocks. Bitcoin traded around $20,000, gaining for back-to-back days heading into Wednesday. The cryptocurrency has gained more than 7% over that period. Bitcoin is down more than 55% year-to-date and down more than 69% from its all-time high set in November.
Learn more about how stocks work, and the Edward Jones approach to selecting them. People often make these mistakes when emotions interfere with their investment strategies. The secretary general of oil producers group OPEC, Mohammad Barkindo, has died, according to Reuters. The news was announced by Mele Kyari, the head of Nigerian National Petroleum Corp . Barkindo, 63, was due to step down Microsoft stock price today at the end of this month after six years in OPEC’s top job. After leaving OPEC, Barkindo was due to join U.S. think tank the Atlantic Council’s Global Energy Center as a distinguished fellow. REAL-ESTATE Mortgage applications slip for second consecutive week For the week ending July 1, the Mortgage Bankers Association reported a 5.4% decrease in mortgage applications from the previous week.
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