U.S. stock futures were muted headed into overnight trading on Wednesday after the S&P 500 and Dow each extended a rally to close at all-time highs amid a thinly-traded last week of 2021 on Wall Street.
Contracts on the Dow, S&P, and Nasdaq were mostly unchanged.
Intraday market swings were exaggerated by the low trading volumes. Economic and earnings calendars remain light for the final two trading days of the year, though investors will turn their attention on Thursday to fresh data out of Washington on weekly jobless claims.
First-time unemployment filings are…….
Nobody has a crystal ball that helps them predict future market returns
In 2013, Wall Street Journal Columnist Jason Zweig lamented the challenges of making consistent advice sound fresh:
“My job is to write the exact same thing between 50 and 100 times a year in such a way that neither my editors nor my readers will ever think I am repeating myself. That’s because good advice rarely changes, while markets change constantly. The temptation to pander is almost irresistible. And while people need good advice, what they want is a…….
Jose Luis Pelaez Inc | DigitalVision | Getty Images
Coming off several years of outsized gains in the stock market, investors may be hoping 2022 is like deja vu again.
Don’t count on it. While future performance is impossible to predict with certainty, many financial advisors expect returns will come back down to Earth.
“We have been telling clients to expect a lackluster year in the stock market and in portfolios in general, with lingering elevated inflation, slower economic growth and interest rate hikes,” said certified financial planner Shon Anderson, president and chi…….
Although the S&P hit a record as recently as Monday, the Dow hasn’t reached a new high since early November.
The Dow finished up 91 points, or 0.3%, while the S&P closed 0.1% higher.
The Nasdaq Composite (COMP) finished down 0.1%.Although the gains were broad-based, travel-related stocks, including American Airlines (AAL) and United Airlines (UAL), didn’t fare so well Wednesday, amid sweeping cancellations and worries about the Omicron variant.
The rise of Covid infections due to the highly infectious Omicron variant continues to be a concern as pandemic restrictions retu…….
The S&P 500 and Dow Jones Industrial Average each soared to records on Wednesday, as the Dow extended its winning streak into a sixth day and the S&P 500 resumed a previous rally after wavering in intraday trading.
After struggling to stay afloat during the session, the S&P closed up 0.14% to an all-time high and its 70th record close of the year at 4,793.06, while the Dow hit 36,488.63. The Nasdaq continued to edge lower amid a broader rotation out of tech stocks.
“The market’s up about 30% this year, the S&P on a total return basis,” Hennessy Gas Utility …….
Market At Close | Sensex, Nifty snap 2-day winning run
Here are some highlights:
–Broader market mixed, midcap index holds on to minor gains
–Nifty Bank takes sharp hit in last minutes of trade
–HDFC Bank, SBI contribute most to Nifty Bank loss
–Pharma stocks among top gainers; SBI, Coal India top Nifty losers
–Hospital, diagnostics stocks surge after India sees rise in active COVID cases
–Nifty Pharma top sectoral gainer
–Gain in Apollo Hospitals, Divi’s keep midcap index in green territory
–Bajaj Auto rise…….
Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, December 17, 2021.
Andrew Kelly | Reuters
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Wall Street investors believe inflation will remain a major roadblock for markets in 2022 and stocks will only see muted returns, according to a new CNBC Delivering Alpha investor survey.
We polled about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the rest of 2021 a…….
U.S. stocks were mixed in intraday trading Wednesday, struggling to stay afloat after the S&P 500 took a breather in the previous trading session to cease a four-day climb toward its 70th all-time high.
The Dow was up for the sixth consecutive day, while the Nasdaq faltered, further dragged down by continued selling in tech stocks. The S&P was mostly flat.
“The market’s up about 30% this year, the S&P on a total return basis,” Hennessy Gas Utility Fund Portfolio Manager Josh Wein told Yahoo Finance Live. “With that in mind, I think the good times will continu…….
U.S. stocks lost altitude mid-morning Wednesday, with the Nasdaq Composite Index turning negative as Treasury yields climbed toward one-month highs. However, the Dow industrials were holding on to a small gain after punching into record-close territory near the session’s opening trade.
The omicron variant of COVID continues to serve as a focus for investors, but the new strain has yet to significantly impede the market’s recent uptrend, even as the World Health Organization on Wednesday reported that the number of COVID-19 cases recorded world-wide increas…….
U.S. stock futures were muted on Tuesday after the S&P 500 took a breather in earlier trading, closing out a choppy session day in the red after the index ceased a four-day climb toward its 70th all-time high.
Contracts on the Dow, S&P and Nasdaq ticked up slightly but were mostly flat.
Markets closed on a mixed note following seesaw action from all three major indexes as investors weighed rising coronavirus cases across the globe. After reaching an intraday high, the S&P 500 reversed course midday to tick down, while the Dow extended a five-day winning streak. The N…….