Should you avoid stocks when trading volume falls? This is a timely question, since we’re entering the summer months in which trading volume typically dries up. If price follows volume, as many technicians contend, then the U.S. stock market’s path of least resistance will be down through the end of…
[]The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but the bank’s equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade.” []That would be the pain trade inflicted by AI enthusiasm or a potential pause or pivot in the Federal Reserve’s interest-rate…
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A commonly heard battle cry throughout history has been “hold the line,” which is exactly what the S&P 500 SPX, +0.24% didn’t do following Friday’s monstrous rally, putting a bull market just out of reach again. And stocks are off to a softer start on Tuesday, led by tech.Maybe those…
[]Oil futures ended lower on Tuesday, with worries over the global economic outlook leading prices to give back gains seen in the wake of Saudi Arabia’s plan to further cut its production in July. Price action West Texas Intermediate crude for July delivery CL00, -0.98% CL.1, -0.98% CLN23, -0.98% fell…
A formerly vocal bear on AT&T Inc.’s stock has abandoned that stance, but not with much enthusiasm. “We’re not optimists,” SVB MoffettNathanson analysts led by Craig Moffett wrote in a note to clients. “We don’t see things in Wireless generally, or at AT&T specifically, getting materially better. We do, however,…
Gold futures rose Tuesday as investors assessed the outlook for interest rates ahead of next week’s meeting of Federal Reserve policy makers.Price action Gold for August delivery GC00, +0.02% GCQ23, +0.02% rose $5, or 0.3%, to $1,979.30 an ounce on Comex. July silver SIN23, -0.63% gained 10, or 0.4%, to…
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Two days before the United States faced the possibility of running out of enough cash to pay all its bills, President Joe Biden on Saturday signed legislation that temporarily lifted the nation’s debt ceiling, averting a potentially catastrophic first-ever default by the U.S. However, some investors still remained worried about…
[]U.S. stocks ended slightly lower Monday afternoon, after the S&P 500 failed to hold a gain that would have seen it meet the threshold for exiting bear-market territory. []Meanwhile, shares of Apple Inc. AAPL, -0.76% ended the day with a loss, pulling back from a record high scored ahead of…