(Wednesday Market Open) After several days of tumbling amid trade war fears, markets look like they’re ready to possibly rebound a little Wednesday. Strength in European and Asian indices overnight could help provide some traction, and a slight pullback in bond prices might indicate more willingness among investors to embrace risk.
At the same time, volatility faded a bit, with the Cboe VIX falling back below 13 after rising above 14 earlier this week.
Despite these positive developments and a rally in pre-market trading, there’s no major change on the trade front that’s helped pin down stocks over the last few days. Maybe after a six-day losing streak for the Dow Jones Industrial Average ($DJI), people are simply engaged in some bargain hunting. Whether this can give the market a lift that lasts is unclear. We shall see.
In a major development r
The markets started the session looking like they might end it with hard landing. But, as we’ve seen during these volatile days of trading, what happens early on doesn’t always stick.
After fears of a possible "trade war" helped sink stocks Thursday, disappointing results from big retailers could add to the pain Friday.
President Trump's tariff announcement seemed to spark fear in the market Thursday, sending stocks to their third straight day of sharp losses.
The old month ended with a late barrage of selling, and weakness appears to be rolling into Thursday as Fed Chair Powell's remarks are awaited.
New Fed Chair Jerome Powell appeared to spark inflation and rate hike fears in his testimony to Congress Tuesday, helping lead to a 1% market drop.
Markets don't like uncertainty and appear to lack direction ahead of Federal Reserve boss's insights on economy, inflation and interest rates
In the early going, the market’s three major benchmarks looked headed toward an upward trajectory. But there are many trading hours ahead and anything could happen to derail it.
A surge of buying in the session's final minutes juiced the markets Friday and could set a test for next week's trading.
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