International Business, World News & Global Stock Market Analysis

stock market news today

May 11, 2022 Some investor concerns are beginning to ease, including delisting fears. Now the fundamentals of the housing market have remained quite solid thus far, with demand remaining strong, given the strong labor market, rising wages, and demand for larger homes following the Covid-19 pandemic. But in the early days of 2022, new headwinds are beginning to emerge.

  • Core CPI rose by 6.2% last month over last year, following March’s 6.5% increase.
  • MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis.
  • It’s worth remembering that there is a fundamental difference between economic indicators like the unemployment rate and the stock market.
  • Timothy Li is a consultant, accountant, and finance manager with an MBA from USC and over 15 years of corporate finance experience.
  • A slight reprieve in the back-up in Treasury yields helped buoy the mood.

U.S. futures are pointing to a mixed open Wednesday as Wall Street digests a key update on inflation. The Consumer Price Index rose 0.3% in April, slightly above estimates of a 0.2% uptick and easing from the prior 1.2% gain that had marked the largest monthly increase since 2005. CPI climbed 8.3% year-over-year during the period, versus expectations of an 8.1% year-over-year advance and March’s 8.5% annual reading that had been the highest since December 1981. Core CPI jumped 6.2% year-over-year in April, compared to the previous 6.5% annual print that had constituted a fresh four-decade peak. Immediately following the release, Treasuries are weakening, with the yield on the 10-year note up four basis points (0.04%) to 3.03% ahead of this afternoon’s $36 billion auction in this maturity. Meanwhile, the Dow is declining 0.1%, while the S&P 500 is flat in pre-market action. The Nasdaq 100 is trading 0.3% below fair value on the GLOBEX as mega-cap tech names lead the rebound.

Janet Yellen Calls Top Regulator Meeting To Discuss Gamestop Volatility

Yesterday, U.S. equities finished mixed in choppy trading. The S&P 500 added 0.3%, snapping a three-day losing streak that sent the index below the 4,000 level for the first time since March 2021.

stock market news today

May 11, 2022 The connected fitness company is facing down Wall Street’s lowered expectations. Is The Trade Desk Stock a Buy After Its Stunning Reversal?

Time To Upgrade!

Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Binance Backs Elon Musk’s Deal to Take Twitter PrivateThe world’s biggest cryptocurrency exchange is backing Elon Musk’s bid to take Twitter private. Prologis on Tuesday made its all-stock offer for Duke Realty public following more than five months of private overtures.

stock market news today

The yield on the 10-year note slipped four basis points (0.04%) to 2.99% after having touched 3.20% intraday on Monday. Still, the benchmark rate remains 1.48% higher year-to-date. In central bank news, New York Fed President Williams admitted that tighter monetary policy could result in somewhat higher unemployment. Separately, Cleveland Fed President Mester said she was comfortable with several more 0.50% rate increases, stock abnb while an even larger 0.75% hike may not be ruled out in perpetuity. On the data front, a measure of small business optimism steadied in April. Seemingly hawkish remarks from Fed Bank of Atlanta President Raphael Bostic didn’t help sentiment either as the official said he’s open to “moving more” on rates if inflation persists at elevated levels. The S&P 500 headed toward its lowest level since March 2021.

Is The Trade Desk Stock A Buy After Its Stunning Reversal?

Learn all about finances in next to no time with our weekly newsletter. But if you have a buy-and-hold strategy with low-cost, broad-market DotBig index funds, remember that slow and steady wins the race. The best performing portfolios are ones that have the most time in the market.

Stock Market Today: Dow Jones, S&p 500 Opened Higher; Coinbase Stock Slides After Earnings Report

You want your portfolio to be diversified, or spread out among hundreds of stocks, instead of just a select few. The latest inflation data helps to inform how far the Federal Reserve will have to go on raising interest rates and tightening monetary policies in order to rein in rising prices. U.S. stocks fluctuated on Tuesday as investors digested the latest remarks from airbnb stock Federal Reserve officials and awaited an update on the consumer price index tomorrow. The Dow fell 84 points, while the Nasdaq Composite jumped 1% as investors seemed to buy the dip in tech stocks. Yesterday, the major averages notched their worst three-day rout since September 2020 as Wall Street grapples with an uncertain economic outlook amid elevated inflation.