Equity futures rose slightly after Thursday’s broad sell

Equity futures rose slightly after Thursday’s broad sell

Stock futures rose slightly Thursday night after a sharp sell-off that took the S&P 500 to a new low of 2022. Futures for the S&P 500 were up 0.26%. The Dow Jones Industrial Average futures rose 0.17%. Nasdaq 100 futures were up 0.14%. The 2022 sell-off fully resumed during regular trading on Thursday, as investors … Read more

Jim Cramer says this ‘trifecta’ should dampen inflation so the Fed can stop raising rates

Jim Cramer says this ‘trifecta’ should dampen inflation so the Fed can stop raising rates

CNBC’s Jim Cramer said on Thursday that there are three critical areas where inflation must fall before the Federal Reserve can stop inflicting pain on the stock market. “They’re beating inflation in so many places. Unfortunately, they’re not winning on food, they’re not winning on housing, and they’re not winning on wages and they have … Read more

This 1930s fund will beat the S&P 500 in 2022 – by doing nothing

An 87-year-old mutual fund formed in the depths of the Great Depression beats the S&P 500 this year. Its strategy: do nothing. What is today the Voya Corporate Leaders Trust Fund was first established in 1935 as a concentrated portfolio of 30 blue chip companies thought unlikely to fail – vital after the 1929 crash … Read more

Apple, CarMax, Bed Bath & Beyond and more

Check out the companies that make headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the pre-market after BofA Securities lowered it to neutral on buy. BofA said Apple has held up relatively well in a declining market, but expects weakening consumer demand to negatively impact the company. CarMax (KMX) – CarMax shares … Read more

European markets recover after BoE intervenes to calm markets

CNBC Pro: Analyst Says This FAANG Stock Is An Evergreen Winner – And Investors Should Buy The Dip Technology stocks have had a tough year so far, but a Rosenblatt Securities analyst thinks the selloff is an opportunity for long-term investors to buy the dip. “Stay away from the losers,” he said, recommending “winners in … Read more

Stock futures inch lower after Wednesday’s big market rally

Stock futures moved slightly lower on Thursday morning after the Dow Jones Industrial Average made a comeback from its lowest level of the year. Futures linked to the Dow Jones fell 22 points, or 0.07%, while the S&P 500 and Nasdaq 100 lost 0.08% and 0.2%, respectively. The overnight moves came after a broad rally … Read more

Hong Kong’s biggest IPOs ahead of Onewo and Leapmotor’s trading debut in 2022

A gong inside the Hong Kong Stock Exchange. China Vanke’s subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading in the Hong Kong market on Thursday. Paul Yeung | Bloomberg | Getty Images Leapmotor and Onewo, one of the largest completed IPOs of the year in Hong Kong, fell on their first day of … Read more

Chinese central bank PBOC warns against speculation with yuan

The Chinese yuan weakened past the closely monitored level of 7.2 against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan following the rapid decline against the US dollar this week. “Don’t bet on a unilateral appreciation or depreciation of the renminbi exchange rate,” … Read more

Ken Griffin says the Fed hasn’t done enough, must continue on its path to adjust inflation expectations

Ken Griffin, the founder and CEO of Citadel, believes the Federal Reserve has more work to do to drive down inflation, even after a series of large rate hikes. “We need to continue down that path to ensure we re-anchor inflation expectations,” Griffin said Wednesday at CNBC’s Delivering Alpha Investor Summit in New York City. … Read more

Apple, Netflix, Biogen, Canopy Growth and more

A Biogen plant in Cambridge, Massachusetts. Brian Snyder | Reuters Check out the companies that make headlines during afternoon trading. Apple — Apple shares fell 3.4% on Wednesday after a report that the company is abandoning plans to boost production of new iPhones. Rather than aim to increase production by 6 million units in the … Read more