New York (CNN Business)Well, then. The stock market has certainly turned itself around in a hurry. A few weeks ago, the S&P 500 was inches away from entering bear market territory. But the Dow has rallied 2,000 since Christmas, and all is well on Wall Street again. For now, at least. "Investors hate ambiguity, and we got a triple dose of ambiguity between Brexit, the Fed and trade," said Mark Howard, senior multi-asset specialist at BNP Paribas on CNN Business' "Markets Now" live show on Wednesday. "We've seen some of that dissipate, and when people jump in the pool, it persuades others to jump in." Howard told CNN Business editor-at-large Richard Quest that a few positive factors have improved market sentiment this year. Read More Federal Reserve Chairman Jerome Powell successfully calmed the market last week when he said the Fed could change its hawkish monetary policy if the economy takes a turn for the worse. The Trump administration's trade talks with China have eased … [Read more...] about The worst of the stock market has been priced in — for now
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Popular on social media Russia builds fence completely cutting occupied Crimea from Ukraine 2485 Ukraine suffers first war death of year, two more soldiers wounded 467 Showman Volodymyr Zelenskiy to run for president 245 Ukraine’s stock market index PFTS turned out to be one of the world’s best-performing ones in 2018, according to CNBC, a business news channel, a subdivision of American-based National Broadcasting Company television network. The media outlet reported on Jan. 3 that Ukraine’s performance has increased by as much as 80.39 percent through 2018, as demonstrated by data sources provided by Refinitiv, a global financial data center formerly associated with Thompson Reuters group. PFTS’s skyrocketing output in 2018 comfortably headlined the list of the world’s fastest-growing stock markets, which also included Macedonia (+30.41 percent), Qatar (+20.87 percent), the United Arab Emirates (+11.75 percent), and … [Read more...] about CNBC: Ukraine’s stock market ‘world’s best performing in 2018’
Irish shares ended higher as banks that had suffered badly tapped into a very late-year rally in Europe. At the end of a bizarre week in which US stock markets slid and surged and fell again in successive sessions, the Iseq Overall Index closed 2.2% higher. That helped lift the Iseq from its 12-month low which it had hit earlier in the week, but the index has nonetheless lost 24% of its value from its year high, in late January. All major European stock markets rallied. Frankfurt's Dax and the Cac in Paris rose by 1.7%, while the Ftse-100 in London was up by almost 2.3%. "European markets have enjoyed a strong day, but on Wall Street the final day of this shortened week has begun with some losses after the surge into the close [on Wednesday]," said Chris Beauchamp, chief market analyst at online broker IG. But Mr Beauchamp again said that the week's rollercoaster in the US could point to trouble. "The bounce of the past few days has taken place while the economic and macro backdrop … [Read more...] about Irish shares tap into European rally at end of bizarre and rollercoaster week for global stock markets
Samuel Stebbins 24/7 Wall Street Published 8:32 AM EST Dec 26, 2018 The U.S. economy is subject to complex, interconnected forces too innumerable for any one person to account for or anticipate. Still, when it comes to the health of the economy, the buck often stops at the president's desk. While by no means a comprehensive measure of economic health, the performance of the Dow Jones Industrial Average stock index is often used as a proxy for overall economic prosperity. The best known stock market index, the Dow tracks the value of 30 public company stocks that together represent all major industries, except for transportation and utilities. Though the companies that make up the DJIA change over the years, the index’s purpose and utility does not. The Dow’s performance has varied under each president. Under a handful of administrations, the DJIA fell considerably. Under the leadership of others, the Dow more than tripled. 24/7 Wall St. reviewed the change in … [Read more...] about Stock market performance: Dow under every president in past 100 years
BALTIMORE – Fears of a recession have been mounting with the U.S. stock market appearing to be headed for its worst December since 1931 — during the Great Depression. Wall Street's sustained slump has been fueled by investor concerns about lower corporate profits, higher corporate debt, a festering trade war between the United States and China and a broader global slowdown. And the worries are mounting. On Wednesday, stocks tumbled over concerns that the Federal Reserve will continue raising rates. And they plunged again Thursday as President Donald Trump appeared open to a partial government shutdown unless he receives funding for a wall along the border with Mexico. So is a U.S. recession imminent? Not necessarily. Plenty of economic gauges suggest that far from being derailed by a stock market that's set to suffer its first annual loss in a decade, the $20 trillion U.S. economy is barreling forward. Employers are hiring, consumers are spending ahead of the holidays and … [Read more...] about Stock market woes raise a nagging fear: Is a recession near?