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These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market

Another difficult week for US stocks ended with shares of oil producers sliding and Ford Motor Co. tumbling further on concerns over supply shortages. The S&P 500 SPX fell 1.7% on Friday for a one-week decline of 4.6%, as investors continued to fret about the Federal Reserve’s interest-rate increases to temper inflation. Among components of …

These 20 stocks in the S&P skidded as much as 21.5% during another brutal week for the market Read More »

Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August

Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August US stocks rally on Friday after data showed the US economy added more than 300,000 jobs last month, which was right in the sweet spot of investors’ expectations. How stocks are trading The Dow Jones Industrial Average DJIA, +0.57% advanced 332 …

Dow up 300 points as ‘Goldilocks’ report shows US added 315,000 jobs in August Read More »

Here’s what else besides Disney that hedge fund Third Point loaded up on recently

Activist investor Daniel Loeb’s Third Point LLC has bought new stakes in T-Mobile US Inc. and Colgate Palmolive Co. , and sold off holdings on EV maker Rivian Automotive Inc. and Amazon.com Inc., among other investment decisions, according to a filing late Monday. Third Point earlier Monday disclosed a fresh stake on Walt Disney Co., …

Here’s what else besides Disney that hedge fund Third Point loaded up on recently Read More »

‘Serenity Now’: Hedge fund managed by Michael Burry of ‘The Big Short’ fame dumps stocks including Apple and Alphabet, adds GEO Group

Michael Burry, the investor who rose to fame after correctly predicting the US market’s meltdown during the 2008-2009 financial crisis, liquidated almost his entire equity portfolio during the second quarter, according to a regulatory filing for his Scion Asset Management hedge fund. Scion exited its positions in 12 equities, including Alphabet Inc. GOOGL, +0.03%, Apple …

‘Serenity Now’: Hedge fund managed by Michael Burry of ‘The Big Short’ fame dumps stocks including Apple and Alphabet, adds GEO Group Read More »

Inflation surge cools in July. Should stock-market investors still play defense?

The latest surge in stocks helped lift the Nasdaq Composite COMP, +2.09% out of bear-market territory on Wednesday and the Dow Jones Industrial Average DJIA, +1.27% to exit correction territory. But the sharp upswing also prompted debate about if investors should adjust their portfolios, pivoting away from defense plays. For the past month, growth stocks …

Inflation surge cools in July. Should stock-market investors still play defense? Read More »

Tesla, Ford attract new investments from Soros’s fund

Billionaire investor George Soros’s investment fund has bought stakes in Tesla Inc. and Ford Motor Co. and added to existing stakes in EV makers Lucid Group Inc. and Nio Inc., according to a filing late Friday. The fund acquired 29.5 million shares of Ford F, +2.21% in the reporting period ended in June, the filing …

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Stock-market investors cheer July inflation data. Big-name firms like Pimco and BlackRock aren’t so sure.

Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like Pimco and BlackRock Inc., the world’s asset manager. According to Pimco economists Tiffany Wilding and Allison Boxer, the details of …

Stock-market investors cheer July inflation data. Big-name firms like Pimco and BlackRock aren’t so sure. Read More »

BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling

Following July’s spectacular rally, US stocks SPX, -0.42% have been caught in a tight trading range over the past two weeks as investors struggle to make sense of some of the most confounding economic data in recent years. But while the S&P 500 index has held above the key 4,000 level thanks largely to a …

BlackRock warns investors should buy defensive stocks and bonds as tech-led rally at risk of fizzling Read More »

Don’t be fooled by a drop in US headline inflation. Markets will be attuned to another figure on Wednesday.

Traders, investors and economists are all counting on Wednesday’s consumer-price index report to show a decline in the annual headline US inflation rate for July. But there’s another figure buried in the consumer-price index data that has the propensity to jolt markets. It’s called the core year-over-year CPI reading, a measure which strips out volatile …

Don’t be fooled by a drop in US headline inflation. Markets will be attuned to another figure on Wednesday. Read More »