Thank heavens for Fed Chair Jerome Powell
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, “Storm Proof Your Money”, was published by John Wiley Co.
Investors take notice: Red flags are going up across the stock market.
Brett Arends is an award-winning financial writer with many years experience writing about markets, economics and personal finance. He has received an individual award from the Society of American Business Editors and Writers for his financial writing, and was part of the Boston Herald team that won two others. He has worked as an analyst at McKinsey Co., and is a Chartered Financial Consultant. His latest book, “Storm Proof Your Money”, was published by John Wiley Co.
U.S. stock futures inch higher as investors anxiously await Nvidia earnings
Futures Movers
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U.S. stock futures edged higher on Sunday, following a choppy week on Wall Street.
Dow Jones Industrial Average futures YM00 were recently up 25 points, or 0.1%, while S&P 500 futures ES00 rose 0.4% and Nasdaq-100 futures NQ00 gained 0.6%. Bitcoin BTCUSD briefly dropped near the $93,000 level, continuing its recent slump that has wiped out nearly all of its yearly gains. West Texas crude futures CL.1 declined about 1%, while gold futures GC00 slipped as well. The ICE U.S. Dollar Index DXY advanced modestly.
401(k) hardship withdrawals more than double as people raid their retirement savings for emergencies
Jessica Hall is a retirement reporter for MarketWatch. She was an Age Boom Academy Fellow with Columbia University and completed the Leadership Exchange on Ageism. She previously worked at Mainebiz, the Portland Press Herald and Maine Sunday Telegram, where she and her team earned a Scripps Howard Award for Community Journalism for a series on aging. She spent 17 years at Reuters, covering mergers and acquisitions, telecommunications and airlines. She started her career in Baltimore at The Daily Record and Baltimore Business Journal. She has freelanced for Barron’s and other publications.
How bitcoin has historically responded to bear markets
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein.
Tesla’s sharpest stock drop in months puts it back in the red for the year
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Tesla Inc.’s stock is now in negative territory on the year, as it heads for its worst daily drop since July.
The stock
TSLA was down by about 7% on Thursday, making it the third-worst performer in the S&P 500 SPX and the bottom performer in the Nasdaq-100 index NDX for the day, according to Dow Jones Market Data. So far, Tesla has also been the second-most active stock in both indexes as far as trading volume.
JD.com’s stock jumps as Chinese e-commerce giant triumphs over low expectations
Jules Rimmer is a markets reporter in London.Rimmer spent more than 30 years as a trader and stockbroker in financial markets, starting at Salomon Brothers in the Liar’s Poker era, taking in ING Barings, Jefferies and ending it in emerging markets at Investec. He hung up his headset and pivoted to journalism in 2021.