The Latest Breaking News from Powell

Hold onto your hat

The summer marks a typically weak time for the stock market. That is why investors love to say “Sell in May and Go Away”. However, it appears that weakness started in April this year with the S&P 500 (SPY) pulling back from recent highs. At this time the focus is…

The S&P 500 Index ($SPX ) (SPY ) Thursday closed up +0.91%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.85%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.29%. US stock indexes settled moderately higher on Thursday. A +9% surge in Qualcomm led...

The dollar index (DXY00 ) on Thursday fell to a 2-1/2 week low and finished down by -0.40%. The dollar was weighed down Thursday by a decline in T-note yields. Also, Thursday’s stock rally reduced the liquidity demand for the dollar. In addition, the dollar had a negative carryover from...

The S&P 500 Index ($SPX ) (SPY ) is up +0.80%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.76%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.35%. US stock indexes are higher. Optimism in the economic outlook is lifting stocks today. Stocks...

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.33%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. US stock indexes this morning are moderately higher. Optimism in the economic outlook...

The dollar index (DXY00 ) this morning is up by +0.12%. The dollar recovered from early losses today and moved higher as T-note yields rose after today’s US economic reports showed weekly jobless claims rose less than expected and Q1 unit labor costs rose more than expected, hawkish factors for...

The S&P 500 Index ($SPX ) (SPY ) this morning is up +0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.39%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.75%. US stock indexes this morning are climbing on positive carryover from Wednesday when...

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.23%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.70%. US stock indexes Wednesday settled mixed. Stock prices whipsawed higher Wednesday afternoon after bond...

The dollar index (DXY00 ) Wednesday retreated from a 2-week high and fell by -0.35%. The dollar today gave up early gains and turned lower as bond yields dipped from weaker-than-expected US economic news on Mar JOLTS job openings and the Apr ISM manufacturing index. Losses in the dollar accelerated...

The S&P 500 Index ($SPX ) (SPY ) this morning is down -0.20%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.16%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.40%. US stock indexes this morning are mixed. The broader market is under pressure...