The $ 1.9 billion stimulus package recently passed by the U.S. Congress won’t spur persistently higher inflation, said Federal Reserve Vice Chairman Richard Clarida on Thursday. The Fed and other forecasts “do not see this package — over a three-to-five year period — as putting undesirable upward pressure on inflation,” …
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The market for initial public offerings is getting too euphoric and unhealthy in the longer term, according to Goldman Sachs Chief Executive David Solomon. “ ‘I do think we’re at a moment in time where there is a lot of euphoria…and I don’t think in the long run [that] that’s healthy.’ …
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“ ‘The stock market has already discounted a significant degree of the economic recovery. So, incrementally improving data here might not do much to lift prices. The risk-reward isn’t great here.’ ” That’s Bryn Mawr Trust’s Jeffrey Mills, who oversees $ 16 billion in assets, talking to CNBC Friday about …
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MARKETWATCH FRONT PAGE A recent survey by investment firm Jefferies indicates that the rise in coronavirus cases isn’t the central worry for investors. It’s the shape of the economic recovery that is the single-biggest factor by far for the investment community See full story. Doing this 30 minutes a day …
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Dr. Anthony Fauci on Tuesday called the coronavirus pandemic his “worst nightmare,” and warned that while he’s confident a vaccine will be developed, the outbreak is far from over. “ “In a period of four months, it has devastated the whole world. And it isn’t over yet.” ” — Dr. …
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“ ‘We definitely feel that the markets are way ahead of reality. We really are telling every client to tap the market if they can because we think the pricing now couldn’t get any better.’ ” That’s Manolo Falco, Citigroup’s C, -2.54% co-head of investment banking, explaining to the Financial …
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The month of March has rolled in like a ferocious lion for bullish stock-market investors, leaving little but carnage in its aftermath, as uncertainties about the effects of the coronavirus outbreak abound. The decline for the Dow Jones Industrial Average DJIA, -4.55% has been simply gut-wrenching for the average investor, …
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‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage …
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U.S. stock market futures fell sharply shortly after electronic trading began late Sunday, suggesting further losses when trading begins Monday, following the worst week on Wall Street since 2008. Dow Jones Industrial Average futures YM00, -1.24% fell more than 300 points, and S&P 500 futures ES00, -1.22% and Nasdaq …
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