Thread: Market News

Originally Posted by weatherweenie

Fed holds rates steady, sees no cuts in 2019

https://www.cnbc.com/2019/06/19/fed-...unchanged.html

I'm surprised that the market didn't drop on news that the Fed does not plan on reducing rates this year

Looks like they changed that headline (same link).

Company earnings look like they will keep sliding through the third quarter

Third-quarter S&P 500 earnings are forecast to show a decline of 0.3%, according to FactSet.

With Q2 also expected to be negative, that would make the first time since 2016 of three consecutive quarters with negative earnings growth.

The big drag for profits has come from multinational companies exposed to the U.S.-China trade war.

https://www.cnbc.com/2019/06/24/anal...d-quarter.html

US durable goods orders fell 1.3% in May, vs 0.1% drop expected

President Donald Trump declared relations with China were "right back on track" after he and President Xi Jinping sought Saturday to de-escalate a prolonged trade war between the economic powerhouses despite doubts about either's willingness to compromise on a long term solution.

Some recent market / economic headlines:

As Stocks Hover Near Records, Growth Worries Linger

Third of Americans cut spending

Longest ever economic expansion

80% of market now on autopilot

Trade Truce a Relief -- For Now

Netflix drops 10% after missing on global paid subscribers

Iran says it captured British oil tanker; UK operator confirms it cannot contact ship

Originally Posted by weatherweenie

Iran says it captured British oil tanker; UK operator confirms it cannot contact ship

https://www.cnbc.com/2019/07/19/brit...an-forces.html

Home Depot misses on sales and cuts outlook on worries tariffs could hit consumer spending