All major indices closed sharply lower Tuesday as Brent Crude surged near $99 and looming PPI and CPI readings raised fears of a Fed rate hike.
Qualcomm earned a Strong Buy upgrade at CFRA while Wells Fargo downgraded Eagle Materials and slashed Vulcan Materials' target to $254 from $305.
Robinhood Markets and Affirm Holdings received fresh Buy initiations with $170 and $105 targets from StoneX and Loop Capital, respectively.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Thermo Fisher Scientific didn't make the cut. Enter your email to see the names that beat TMO. The report is free. Enter your email and see if any of your stocks made the cut.
Futures are trading lower after a rough start to the holiday-shortened trading week. All the major indices finished the day sharply lower on rising oil prices and two huge inflation readings on deck: the producer price index on Thursday and the consumer price index on Friday. If both come in above expectations, you can count on an interest rate hike next week when the Federal Reserve governors meet. The venerable Dow Jones Industrial Average took the biggest shot, closing down 1.18% at 52,786, while the S&P 500 finished the session at 7,673, down 0.58%. The Russell 2000 fell 0.52% to 2,960, while the tech-heavy Nasdaq finished the day at 26,421, down 0.32%. With market-moving data on the way and sentiment falling, this could be a tough week for investors as we could catch some September blues.
#week
Qualcomm earned a Strong Buy upgrade at CFRA while Wells Fargo downgraded Eagle Materials and slashed Vulcan Materials' target to $254 from $305.
Robinhood Markets and Affirm Holdings received fresh Buy initiations with $170 and $105 targets from StoneX and Loop Capital, respectively.
Just released. Our ******* ysts combed the entire stock market and named the ten best stocks to buy right now, and Thermo Fisher Scientific didn't make the cut. Enter your email to see the names that beat TMO. The report is free. Enter your email and see if any of your stocks made the cut.
Futures are trading lower after a rough start to the holiday-shortened trading week. All the major indices finished the day sharply lower on rising oil prices and two huge inflation readings on deck: the producer price index on Thursday and the consumer price index on Friday. If both come in above expectations, you can count on an interest rate hike next week when the Federal Reserve governors meet. The venerable Dow Jones Industrial Average took the biggest shot, closing down 1.18% at 52,786, while the S&P 500 finished the session at 7,673, down 0.58%. The Russell 2000 fell 0.52% to 2,960, while the tech-heavy Nasdaq finished the day at 26,421, down 0.32%. With market-moving data on the way and sentiment falling, this could be a tough week for investors as we could catch some September blues.
#week
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5 days ago
