Capitalize Financial
No Result
View All Result
Sunday, April 2, 2023
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
Capitalize Financial
  • Home
  • Business
  • Economy
  • World
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Capitalize Financial
No Result
View All Result
Home Sports

Stocks Pare Biggest Monthly Rally Since November: Markets Wrap

by capitalizefinancial
May 1, 2021
in Sports
0
Stocks Pare Biggest Monthly Rally Since November: Markets Wrap

Stocks dropped from a record as traders assessed corporate earnings, economic data showing potential inflation pressures and hawkish remarks from a Federal Reserve official. The dollar climbed.

The S&P 500 trimmed its biggest monthly advance since November, with energy and technology shares leading declines on Friday. Twitter Inc. tumbled as the social media company posted a sluggish start to the year in its advertising business. Despite living up to Wall Street’s profit expectations, Chevron Corp. retreated after disappointing investors who were anticipating a revival of buybacks.

Read: Big Oil Is Boosting ETF Returns and ESG Funds Are No Exception

Signs of excess risk-taking in markets show it’s time to start debating a reduction in bond purchases, said Robert Kaplan, president of the Dallas Fed, breaking ranks with Chairman Jerome Powell. Data showed personal incomes soared in March by the most in monthly records back to 1946, powered by fiscal stimulus. A key measure of consumer prices that the Fed officially uses for its target had the biggest increase since 2018.

With the S&P 500 rallying more than 10% in the first four months of 2021, the adage of “sell in May and go away” may be on many investors’ minds. However, JPMorgan Chase & Co. urged traders to get ready for a revival of the reflation trade as the economic reopening gathers pace. Meanwhile, Credit Suisse Group AG’s Jonathan Golub raised his forecast for the stock benchmark, citing a “red-hot economy fueling earnings.”

Still, for Ralph Bassett, head of North American equities at Aberdeen Standard Investments, companies have done so well that the market is getting to a point where a lot of that optimism may be priced in.

“The setup is very good, but with multiples where they are, the upside risks are just really becoming less likely at this stage,” he said.

The S&P 500 has had better months, but never before has a rally been so widespread, according to one measure tracked by Bloomberg. During 18 sessions in April through trading on Thursday, 95% or more of the index’s members were above their 200-day moving average.

READMORE..

No Result
View All Result

Subscribe Us

By clicking on Subscribe, I confirm that I have read and agree to the terms set forth in the Privacy Policy and Terms of Service including Capitalize Financial ability to use and share my information and Capitalize Financial, or third-party companies and business partners, may send me offers for products and services at the email address I have provided. I understand that my information may be supplemented with additional information obtained from other sources.
  • Trending
  • Comments
  • Latest

Capital One Savings Account Rates for November 2022

Gas Prices Today, October 22, 2022: Check the cheapest Gas Stations Today

7 personal finance tips for Gen Z, from a Gen Xer

NASA’s Orion spacecraft breaks Apollo 13 flight record

These are the 10 housing markets across the US where home sellers are sitting pretty

These are the 10 housing markets across the US where home sellers are sitting pretty

Embrace Technology And Stop Playing “Guess Who” With Your Customers

10 Best Finance Podcasts for 2023

NASA’s Webb Telescope Confirms First Exoplanet

Recent News

These are the 10 housing markets across the US where home sellers are sitting pretty

Embrace Technology And Stop Playing “Guess Who” With Your Customers

Categories

  • Business
  • Cryptocurrency
  • Economy
  • entertainment
  • finance
  • health
  • Markets
  • Music
  • Opinion
  • Politics
  • Real Estate
  • Science
  • Sports
  • Tech
  • World

Site Navigation

  • Contact Us
  • Privacy & Policy
  • Terms Of Service
  • Unsubscribe

© 2021 capitalize Financial All Rights Reserved

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Home 1
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 capitalize Financial All Rights Reserved