U.S. stock funds avoid the bear market
William Power, features editor for The Wall Street Journal, joined CBS News' Tanya Rivero to discuss the bear market at the close of the market Tuesday.
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William Power, features editor for The Wall Street Journal, joined CBS News' Tanya Rivero to discuss the bear market at the close of the market Tuesday.
All three major stock market indexes showed some volatility on Monday, with the Dow Jones down about 60 points at the end of the afternoon following early gains in the morning. Jeanna Smialek, a reporter covering the Federal Reserve and the economy at The New York Times, discussed factors driving the current market and how the Fed is working to combat inflation on CBS News.
The stock market closed down on the day President Biden announced sanctions, saying the Russian invasion of Ukraine was underway. Steve Odland, CEO of The Conference Board and the former CEO of Office Depot and Autozone, joins CBS News to discuss the impact the Russia-Ukraine conflict is having on the markets and the impact on consumer confidence.
Peter Morici, professor at the Robert H. Smith School of Business at the University of Maryland, joins CBS News' Tanya Rivero and Mola Lenghi to discuss today's stock market activity, as well as the significance of Tesla's record profit during its first quarter.
Stock indexes were down a bit Monday, on the heels of the announcement that Senate Democrats have reached a deal on a climate change and tax bill. Washington Post business reporter Evan Halper joins CBS News to discuss how this new spending package aims to help the U.S. economy move forward.
CBS News' Tanya Rivero and Mola Lenghi discussed what moved stocks Tuesday with Steve Odland, CEO of The Conference Board. They also discussed the group's latest survey results, which found that consumer confidence improved from February to March even as consumers' expectations for the next six months declined.
U.S. stocks ended in positive territory after the release of the latest GDP numbers and the Federal Reserve's decision to raise interest rates. Bankrate.com chief financial analyst Greg McBride joined CBS News' Christina Ruffini and Tanya Rivero to discuss.
In MoneyWatch, the stock market fell following the release of the Labor Department's March Consumer Price Index. Consumer prices rose 1.2% last month, up 8.5% from the same time last year. Matt Stucky, a senior portfolio manager at Northwestern Mutual Wealth Management, joins CBS News with more on the impact.
Tech stocks have plunged in the past month after some disappointing earnings reports. The decline is hammering many people's retirement savings plans. Joseph Zappia, a principal and co-chief investment officer of LVW Advisors, joined CBS News' Tony Dokoupil and Tanya Rivero to discuss.
U.S. stocks fell sharply on Thursday, pushing the Dow Jones below 30,000 for the first time since January 2021. Meanwhile, mortgage rates had their biggest one-week jump in 35 years after the Federal Reserve hiked interest rates to tame inflation. Bartie Scott, a senior economy editor for Business Insider, joins Carter Evans to discuss.
The Federal Reserve on Wednesday announced its largest interest rate hike since 1994, in an effort to combat historic inflation. Matthew Luzzetti, a senior economist at Deutsche Bank, joins CBS News to discuss how the move is impacting the stock market.
The Dow Jones Industrial Average ended the week up more than 500 points, snapping eight straight weeks of losses. The tech heavy NASDAQ and S and P 500 both saw gains as well. Dan Ives, managing director and senior equity analyst at Wedbush Securities, joins CBS News to discuss what's driving the markets.
The Dow Jones bounced back late Tuesday after dipping more than 800 points during the day, while other major indexes ended the day down. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, joins CBS News to discuss the day's trading and what investors should be looking towards.
The markets tumbled to kick off the new week, with the Dow Jones dropping roughly 650 points on Monday. Rod von Lipsey, the managing director at UBS Private Wealth Management, joins CBS News to discuss the impact the Federal Reserve's interest rate hikes are having on the markets.
The stock market took big swings Thursday as inflation and Russia's invasion of Ukraine continue to cause uncertainty. Nela Richardson, chief economist at ADP, joins CBS News at the closing bell at the New York Stock Exchange to discuss what's causing market volatility and the impact on consumer spending and the pandemic recovery.
Russia's war in Ukraine is causing a ripple effect of economic issues around the world, forcing gas prices up and stock numbers down. Paul Sankey, lead analyst at Sankey Research, joins CBS News at closing bell on the New York Stock Exchange to break down the possible solutions to the oil crisis.
Jeffrey Kleintop, a chief global investment strategist for the Charles Schwab Corporation, joins CBS News' Tanya Rivero and Nancy Chen to discuss today's stock market activity, as well as the significance of dropping the travel mask mandate and the International Monetary Fund cautioning that the Russian invasion of Ukraine will slow down the global economy's recovery.
Lloyd Blankfein, Goldman Sachs' former CEO and current senior chairman, warned there's a "high risk" of a recession. Meanwhile, China reported a dip in retail sales. Brian Sozzi, anchor and editor at large for Yahoo Finance Live, spoke with CBS News' Tanya Rivero about what's driving the markets.
The NASDAQ ended Tuesday deep in the red after Netflix reported it lost subscribers for the first time in a decade. Michael Pachter, managing director of equity research at Wedbush Securities, joins CBS News at the closing bell to break down how Netflix is impacting the market and why it may not be as big an indicator as some may fear.
Stocks fell Monday as markets continue to respond to Friday's inflation report. Tim Pagliara, a wealth adviser and the chief investment officer at CapWealth, talked to CBS News about what these losses could mean for the future of the U.S. economy.
The May jobs report came in better than expected. The U.S. added 390,000 jobs during the month, and the unemployment rate remained at 3.6%. But inflation is causing a change in trends of how consumers are spending their money. Kevin Gordon, senior investment research manager at Charles Schwab, joins CBS News to break down the jobs report and what it signals about the state of the economy.
Russia's invasion of Ukraine sparked major turmoil in the global markets. David Waddell, chief investment strategist at Waddell and Associates, joins CBS News to discuss what the geopolitical drama could mean for the economy in the coming days.
The stock market closed out the week with gains as it responded to the Federal Reserve's interest rate hike. Melissa Armo, founder and owner of The Stock Swoosh, joins CBS News at the closing bell to break down what's driving the market.
Stock markets saw big losses Monday as gas prices continue to rise and Russia's invasion of Ukraine sparks the potential for even more economic fallout. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, joins CBS News to discuss the ramifications.
CBS News' Tanya Rivero talks with Hope King, a business reporter for Axios, about the current state of the U.S. economy, what impacted the U.S. stock market on Friday, and the significance of recent consumer and unemployment reports.