The economy may finally have a clear runway for takeoff in 2014.» Read More
Here's why you should keep a close eye on these six stocks.
U.S. stock index futures slumped after news that inflation at the producer level rose more than expected, while housing start plunged, and as investors continued to digest the implications of a nuclear crisis in Japan and heightened tensions in the Middle East.
Unfortunately, a short-covering rally in Japanese equities does not mean the nuclear crisis there is over. However, traders this morning are trying to look down the road. Simply put: chaos means dislocations.
Jean Monnet, the father of European integration, once remarked that “Europe will be forged in crises, and will be the sum of the solutions adopted in crises.”
Oil prices have fallen sharply in the wake of the disaster in Japan as investors have shunned risk. Nymex has declined around 5 percent since last Friday's earthquake and tsunami. However, Jim Rogers, Chairman of Rogers Holdings, who has been a long-term bull on oil, thinks it's only a matter of time before the current trend reverses.
Here's what you should be watching Wednesday, March 16.
Markets will stay sensitive to any developments with Japan's unfolding nuclear crisis or from Middle East trouble spots, and that could once more weigh on risk assets.
Stocks closed off the lows of the day, although still 1 percent lower, as buyers stepped into the market in afternoon trading even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained. .
Stocks significantly pared losses, although continued to trade lower, after the Federal Reserve reaffirmed intentions to continue stimulating the economy through bond purchases even as investors remained unnerved by the escalating nuclear crisis in Japan. Intel and Cisco fell, while Chevron gained.
After a wild open, a funny thing happened: stocks stabilized almost immediately. Widely watched market indicators (VIX, TRIN), also came off their extreme readings.
While Tuesday's sharp drop in global stocks may have seemed like panic selling, it's far from the 2008 market meltdown that devastated many investors' portfolios.
Stocks sold off heavily at the open but quickly stabilized and are now well off their lows. Despite uncertainty about exactly what is happening at the nuclear reactors, Nikkei futures which trade at the CME have been rising for a good part of the morning and that undoubtedly helped.
Stocks pared the worst losses of the day, although remain sharply lower, as the worsening nuclear crisis in Japan prompted investors to sell stocks across the globe and move into safer investments. GE and Intel led the blue-chip index lower.
As solar stocks continue to fly in reaction to Japan’s nuclear worries, solar bear Gordon Johnson of Axiom Capital continues to scratch his head.
The economy may be in recovery mode but retirement confidence dropped again as Americans who are unprepared for r etirement finally heard the wake-up call. Still, a surprising number of people are still guessing about how much they'll need to retire and at risk for running out of money.
While the S&P 500 is down 1.8 percent, it has recovered over a quarter of its losses.
U.S. stock index futures pointed to very large declines for Wall Street Tuesday, following Asian and European markets lower, as the worsening nuclear crisis brought sellers out in droves.
The Nikkei was down 10.5 percent again last night and is now down almost 19 percent in the past 4 trading sessions. While some have been calling the markets decline "irrational" (the Nikkei has moved almost one annual standard deviation in three days, FTalphaville has noted), the unstable situation at the nuclear plants is a real X-factor that justify caution.
The market reactions to the tragic events in Japan over the last few days have been rational and investors will need convincing the nuclear crisis has been averted before any rally according to Bob Parker, a senior advisor to Credit Suisse in London.
The Fed Tuesday is expected to show it remains committed to its easy money policies, which temporarily may take investor focus away from global events.