US Economical Latest News And Daily Updates, You should Read.

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Forex Forum, US Economical Daily Updates And Latest News​

US inflation surges high as consumer prices soar.​

Consumer prices surged at the fastest pace in nearly four decades in November as Americans paid more for practically everything from groceries to cars to gasoline, solidifying hot inflation as a key trait of the economic recovery.

The consumer price index rose 6.8% in November from a year ago, according to a new Labor Department report released Friday, marking the fastest increase since June 1982, when inflation hit 7.1%. The CPI – which measures a bevy of goods ranging from gasoline and health care to groceries and rents – jumped 0.8% in the one-month period from October. You can join a forex forum for learn more latest US economical news and Updates.

MANCHIN SOUNDS ALARM ON INFLATION AS CLOCK TICKS FOR DEMOCRATS ON HUGE SPENDING BILL​

So-called core prices, which exclude more volatile measurements of food and energy, soared 4.9% in November from the previous year – a sharp increase from October, when it rose 4.6%. It was the steepest rate since 1991.

Elsewhere, US stocks rallied after the latest inflation report did not come in as hot as many were expecting. Wall Street did not see inflation with a 7-handle and that allowed risky assets to rise, while the dollar turned negative as traders anticipate the Fed won't be forced to deliver a rate hike well before summer.

The stock market rally did not stick as economists still mostly agree that this is not the peak for inflation and that pricing trends will continue to track higher. The preliminary University of Michigan sentiment report showed modest rebounds across sentiment, current conditions, and expectations. Inflation expectations over both the next year remained anchored at 4.9% and the 5-10 year at 3.0%. Despite today's rebound, consumer sentiment still looks vulnerable and will likely struggle if these widespread price increases continue.

Source: foxbusiness.com

On the other hand, Stock indexes mixed on Wall Street after inflation report.

Stock indexes on Wall Street are mixed Friday after the government's latest reading on consumer prices showed inflation is at a four-decade high.

The S&P 500 was up 0.3% as of 11:34 a.m. Eastern. The benchmark index, which had been up 0.8% in the early going, is still on track for its biggest weekly gain since February.

The Dow Jones Industrial Average was up 0.1%, while the Nasdaq composite slipped less than 0.1%. The Russell 2000 index of small-company stocks fell 0.8%.

The Bureau of Labor Statistics said prices for U.S. consumers jumped 6.8% in November compared with a year earlier. Surging costs for food, energy, housing and other items have left Americans enduring their highest annual inflation rate since 1982. Core prices, which exclude food and energy prices, rose 4.9% year over year.

Source: bgdailynews.com

On the other hand, The first Exchange Traded Fund (ETF) launched in April 2000, and its been in the business for more than 20 years.​

"In terms of the key benefits for new issuers listing here, we have deep access to an international liquidity pool," Patel says. "We have over 80 trading member firms from more than 20 countries."

A deep liquidity pool translates to a broad and stable investor base. "Investors are very comfortable with the ETF story in London," Patel says, reporting that the last six years, in particular, has seen 100 per cent growth in ETP trading on the London Stock Exchange.

All the current ETF listings in London are UCITs-compliant, although London also offers a route for non-UCITs ETFs. "They are all listed on the Main Market of the London Stock Exchange which gives you the gold standard of listing, with enhanced visibility and status," Patel says.

London is a well-respected financial centre with a strong regulatory environment, and a very robust legal framework for ETPs. "All our ETPs go through a simple but fair process to list with us," she says.

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Forum Forex, US economical news and updates Dec-13, 2021​

The U.S. central bank is widely expected to signal a faster tapering of asset buying, and thus an earlier start to rate hikes. It will also update the dot plots for rates over the next couple of years.​

The market is already well ahead, with a 25 basis point rise fully priced in by June.

Also meeting are the European Central Bank, the Bank of England and the Bank of Japan and all are heading toward normalising policy at their own, often glacial, pace.

Source: reuters.com

"We expect that ultimately, the main central banks will begin hiking interest rates, and the market certainly expects that," said April LaRusse, head of fixed income investment specialists at Insight Investment.

"If the Fed increases the taper from $15 billion to something like $30 billion they could be finished by March, which would allow them to look to hike rates after that," she added.

On the other hand, Wells Fargo and HSBC Bank said on Monday that they will use a blockchain-based product for settling matched foreign exchange transactions.​

The two banking giants agreed to use a shared settlement ledger to process U.S. dollar, Canadian dollar, pound and euro transactions, with plans to expand the process to other currencies in the future.

The announcement comes as other major Wall Street banks, such as Goldman Sachs, were reportedly looking to integrate blockchain technology into their regular processes.

JPMorgan was also looking to hire software engineers to focus on "Collateral Blockchain Tokenization," and was beefing up its Onyx division, which was created to oversee the development of JPM coin, the bank's wholesale payments token.

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Forex Forum, US Economical News and Stock Updates Dec-16, 2021​

US stocks rose Thursday, with investor confidence boosted by the Federal Reserve's view that the US economy is strong enough to handle three interest rate increases next year.

The S&P 500 headed back toward a record highs after the Fed on Wednesday signaled it may raise interest rates at least three times in 2022 to cool the hottest inflationary environment in nearly 40 years.

The Fed, led by Chairman Jerome Powell, in a statement said there are economic risks from new coronavirus variants. It also said it sees progress on vaccinations and an easing of supply constraints as supporting continued gains in economic activity.

Here's where US indexes stood at 9:30 a.m. on Thursday:​

• S&P 500: 4,727.01, up 0.36%
• Dow Jones Industrial Average: 36,097.66, up 0.45% (161.78 points)
• Nasdaq Composite: 15,589.11, up 0.17%

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Moreover, Fed Chair Jerome Powell said the U.S. economy no longer needed increasing amounts of policy support as annual inflation has been running at more than double the central bank's target in recent months, while the economy nears full employment.

"Is the 'Santa rally' finally here? Markets certainly seem to have a spring in their step ... the prospect of three interest rate hikes in 2022 would suggest the central bank has a clear plan to not let inflation get out of control," Russ Mould, investment director at AJ Bell, wrote in a client note.​

"Equally, it isn't being too aggressive to trip up the economy. This sense of balance is exactly what investors want, and an upbeat tone from the Fed certainly seems to have rubbed off on markets."​

On the other hand, Production at U.S. factories increased to its highest level in nearly three years in November as output rose across the board, providing a powerful boost to economy as the year ends.

The manufacturing output index climbed 0.7% last month to 100.6, the highest level since January 2019, the Federal Reserve said on Thursday. That followed a 1.4% rebound in October. Economists polled by Reuters had forecast factory production rising 0.7%. Output increased 4.6% compared to November 2020.

Manufacturing, which accounts for 12% of the U.S. economy, is being supported by strong demand for goods even as spending starts to revert back to services. Inventories at businesses are also extremely lean. But strained supply chains because of the COVID-19 pandemic are a constrain.​

Source: reuters.com

Elsewhere, Jobless claims rose by 18,000 to 206,000, still low by historical standards. The four-week average, which smooths out week-to-week volatility, fell by 16,000 to less than 204,000, the lowest level since mid-November 1969, according to Department of Labor figures released Thursday.

Altogether, 1.8 million Americans were receiving traditional jobless benefits the week that ended Dec. 4, down by 154,000 from the previous week.

Weekly claims, which are a proxy for layoffs, have fallen steadily most of the year since topping 900,000 one week in early January. They are now below the 220,000-a-week level typical before the coronavirus pandemic slammed the U.S. economy in March 2020; COVID-19 forced consumers to stay home as a health precaution and businesses to close or reduce hours and to lay off staff. In March and April last year, employers shed a staggering 22.4 million jobs.

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Dec-18, 2021 US Economical Updates and Stock news, by Forex Forum​

Elon Musk's Starlink may soon provide internet services in India, as The Department of Telecom (DoT) is working on simplifying the process for setting up satellite networks for expeditious rollout of services.​

Bharti group-backed OneWeb and US-based SpaceX group firm Starlink Satellite Communications are in the fray to start satellite-based broadband services in India. DoT Deputy Director General S Niraniyan while speaking at Satcom Industry Association event said the government has taken several steps in recent times to boost business in the communications sector.

He enumerated rationalisation of bank guarantees and adjusted gross revenue definition, allowing satellite connectivity to support backhaul connectivity for telecom networks as steps taken by the government in this direction. More steps are in process that will enhance addressable market for satellite communications, he further noted.

Source: moneycontrol.com

On the other hand, Stocks closed lower on Wall Street, marking their third losing week in the last four. Banks, technology companies and industrials all helped pull major indexes lower Friday. The S&P 500, the Nasdaq and the Dow Jones Industrial Average all fell. After pushing the S&P 500 to a record high last week, investors have been taking money off the table as the Federal Reserve moves to dial back stimulus and fight inflation with interest rate increases starting some time next year.

The Dow is down 605.55 points, or 1.7%. The Nasdaq is down 460.92 points, or 2.9%. The Russell 2000 is down 37.87 points, or 1.7%. For the year: The S&P 500 is up 864.57 points, or 23%. The Dow is up 4,758.96 points, or 15.5%. The Nasdaq is up 2,281.40 points, or 17.7%. The Russell 2000 is up 199.08 points, or 10.1%.

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[somrat4030]

US economical news and updates, by forex forum, Dec-23, 2021​

US consumer sentiment and expectations increased in December, according to data Thursday that was released by the University of Michigan.

The index of consumer sentiment rose 3.2 points to 70.6 from 67.4 November, according to final results from a survey compiled from around 500 consumers.

The index of current economic conditions also rose 0.6 points to 74.2, up from 73.6 during the previous month.

The index of consumer expectations also increased 4.8 points to 68.3, rising from 63.5 in November.

"The uptick was primarily due to significant gains among households with incomes in the bottom third of the distribution," Richard Curtin, chief economist with Surveys of Consumers, said in a statement.

"The bottom third expected their incomes to rise during the year ahead by 2.8%, up from 1.8% last December," he said. "There have only been five times in the past half century that income expectations among low income households have exceeded the December 2021 level."

On the other hand, Industrial and commodity companies led gains in the S&P 500. Volume was low ahead of the holidays. Electric-vehicle startup Nikola Corp. surged amid optimism about deliveries. U.S.-listed shares of JD.com Inc. sank on Tencent Holdings Ltd.'s plan to distribute more than $16 billion of the Chinese e-commerce firm's stock as a one-time dividend. Crocs Inc., the colorful clog maker, plunged after agreeing to buy casual-shoe brand Heydude for $2.5 billion.

U.S. consumer sentiment increased in December as households grew more upbeat about the economy. Sales of new homes rose in November to a seven-month high, while orders for durable goods beat forecasts. Consumer spending -- adjusted for inflation -- stagnated as the fastest price gains in nearly four decades eroded purchasing power. Jobless claims were little changed last week.

Source: news.yahoo.com

Elsewhere, As of Dec. 22, the S&P 500 had risen 25%, its third-straight annual increase. Along the way, the benchmark index set 67 all-time highs.

The market weathered a number of challenges along the way. Skyrocketing inflation, worldwide supply chain disruptions and a global economy still vulnerable to the uncertainty created by the COVID-19 pandemic fueled market volatility, especially toward the end of the year.

Still, Wall Street got a boost from the Federal Reserve, which kept its key short-term interest rate at near zero all year. That helped keep borrowing costs for companies low and stock valuations high. However, investors expect the Fed to start pushing rates higher next year.

On the other hand, US Jobless claims held steady from the prior week, while orders for big-ticket manufactured goods climbed.

Briefing.com analyst Patrick O'Hare described the litany of data as "mostly good," but said "the bad inflation data should keep the Fed focused on gearing its monetary policy toward battling inflation as opposed to the slowdown effect of the Omicron variant."

About 25 minutes into trading, the Dow Jones Industrial Average was up 0.6 percent at 35,957.63.

* S&P 500 nears record intraday high

* Travel stocks rise as Omicron worries recede

* Weekly jobless claims in line with expectations

* Indexes up: Dow 0.57%, S&P 0.72%, Nasdaq 0.82% (Adds comment, details; updates prices)

The broad-based S&P 500 advanced 0.5 percent to 4,719.75, while the tech-rich Nasdaq Composite Index won 0.2 percent to 15,561.10.

All three major indices are up for the week. Markets will be closed Friday in observance of the Christmas Eve holiday.

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US economical News and Updates Dec-25, 2021, By Forex Forum​

The Biden administration will lift the travel restrictions it had imposed on eight African nations to curb the spread of the omicron variant of Covid-19, according to a senior administration official.

The travel restrictions on South Africa, Botswana, Zimbabwe, Namibia, Lesotho, Eswatini, Mozambique and Malawi will end on Dec. 31 at 12:01 a.m. ET.

The official said that the decision was recommended by the Centers for Disease Control and Prevention in part because health experts now know that the U.S.'s existing Covid vaccines are effective at preventing severe disease for those infected with omicron. The administration also said that international travelers from the African countries would not have a significant impact on U.S. cases given how widespread omicron was throughout the world.

The U.S. government had imposed the restrictions on Nov. 29 after the discovery of the new omicron variant in South Africa. President Joe Biden was criticized at the time by some health experts who viewed the foreign travel restrictions as ineffective.​

Source: cnbc.com

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US Business and economical news and updates DEC-26, 2021, By Forex Forum​

With five American companies having touched that astounding level of market value recently and one, Apple, on the cusp of breaching $3 trillion, investors should ask what it means for their portfolios. The precedents aren't encouraging.

It may be difficult to imagine a company as dominant as Apple stumbling, but that has always been the case with past market champions. The top stocks in the index 10, 20 and 40 years ago were Exxon Mobil, General Electric and AT&T, respectively. Only Exxon Mobil continues in recognizable form today.

Aside from the concentration risk, the rise of megacompanies has been bad for stock returns in general. Apple and the other nine largest constituents of the S&P 500 comprise nearly 30% of its market value, well above the previous concentration peak seen at the height of the tech bubble before a brutal bear market.

Even if that doesn't happen this time, owning any company that has mushroomed in value means it is hard for it to outperform for much longer without getting uncomfortably large. Dimensional Fund Advisors looked back over the decades to what happens to a stock that has joined the 10 biggest in the S&P 500. In the decade before getting there it has, on average, outperformed a basket of all U.S. companies by an impressive 10% a year on average. In the next 10 years, though, it actually has lagged behind the market by 1.5% a year.

Source: livemint.com

On the other hand, U.S. retail sales rose 8.5% during this year's holiday shopping season from Nov. 1 to Dec 24, a report by Mastercard Inc said on Sunday, powered by a rush to stores amid supply chain concerns as COVID-19 cases surge as well as soaring ecommerce sales.​

U.S. ecommerce sales jumped 11% in this year's holiday shopping season, according to Mastercard SpendingPulse report, yet again underscoring the COVID-19 pandemic's role in transforming customers' shopping habits.

Holiday e-commerce sales made up 20.9% of total retail sales this year, the data showed, noting that the sector continues to see growth as consumers enjoy the ease of browsing and buying in the comfort of their homes.

On the other hand, Airlines continued to cancel hundreds of flights Saturday because of staffing issues tied to COVID-19, disrupting holiday celebrations during one of the busiest travel times of the year.​

FlightAware, a flight-tracking website, noted nearly 1,000 canceled flights entering, leaving or inside the U.S. Saturday, up from 690 flights scrapped on Friday. Over 250 more flights were already canceled for Sunday. FlightAware does not say why flights are canceled.

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[somrat4030]

US Stock News and Economical Data Updates Dec-30, 2021, By Forex Forum​

The S&P 500 and the Dow were set to open near all-time highs on Thursday, extending a record-setting run as a surprise dip in weekly jobless claims reinforced confidence in the U.S. economy amid a surge in COVID-19 infections.

The Labor Department's data showed the number of Americans filing for new unemployment claims slipped to 198,000 in the Christmas week from 205,000 a week earlier. Economists polled by Reuters had forecast 208,000 applications for the latest week.

At 8:43 a.m. ET, Dow e-minis were up 54 points, or 0.15%, S&P 500 e-minis were up 6.75 points, or 0.14%, and Nasdaq 100 e-minis were up 19 points, or 0.12%.​

Among individual stocks, Biogen Inc (BIIB.O) slipped 6.6%, giving back some gains from the prior session as Samsung BioLogics (207940.KS) denied a media report that said the South Korean firm was in talks to buy the U.S. drugmaker.

Source: reuters.com

On the other hand, Tesla (TSLA), Meta Platforms (FB) (nee Facebook) and Datadog stock are all setting up, but hitting some resistance.​

Breaking above these resistance levels would offer early entries. FB stock and Datadog (DDOG) had already cleared trend line entries, but recent short-term highs are proving important.

Meanwhile, AMD stock and Nvidia (NVDA) pulled back for a second straight day, losing 3.2% and 1.1%, respectively. That largely erased Monday's bullish moves. Much like Facebook and DDOG stock, Monday's moves offered early entries for AMD and Nvidia stock, but investors may want to use Tuesday's intraday highs or simply wait for proper bases to form before taking new positions.

On The other hand, The stocks mentioned here reflect a couple themes being played by investors into 2022: likely increased at-home food/consumer products consumption with the Omicron variant raging (Hershey, Coca-Cola, McDonald's, Mondelez, Proctor & Gamble, Constellation Brands, Yum! Brands); solid health care plays amid the ongoing pandemic (Abbott, McKesson, Zoetis); economic recovery names (Norfolk Southern, Paychex, Hilton); the hot U.S. housing market continues (Home Depot, Sherwin-Williams).

Hershey (HSY)

Coca-Cola (KO)

McDonald's (MCD)

McKesson (MKC)

Mondelez (MDLZ)

Norfolk Southern (NSC)

Paychex (PAYX)

Proctor & Gamble (PG)

Sherwin Williams (SHW)

Constellation Brands (STZ)

Yum! Brands (YUM)

Zoetis (ZTS)

CME Group (CME)

Hilton (HLT)

Abbott (ABT)

Home Depot (HD)

Of course, the moves higher in these big cap stocks come as the broader market remains in full Santa Claus Rally mode despite the fast-spreading COVID-19 pandemic. Hence, investors are feeling emboldened to bid up these stocks even as they are far from cheap from a valuation perspective.

Source: yahoo.com/news

Elsewhere, China faces "unprecedented" difficulty in stabilizing trade next year as favorable conditions that boosted export growth this year won't be sustainable, according to a commerce ministry official.​

Export gains may slow as competing countries recover their production capacities and as inflation that pushed up export values gradually eases, Ren Hongbin, vice minister of the commerce ministry, said at a briefing in Beijing on Thursday. This year's rapid export gains also make the base of comparison higher for 2022, he said.

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[somrat4030]

U.S. economic data was mostly bearish for stocks on Jan-3, 2021​

US Stock analysis and Government bonds Update news, by Forex Forum.​

US equities saw a choppy start to first trading session of 2022, with the S&P 500 index swinging between 4795 highs and sub-4760 lows in a matter of minutes in wake of the 1430GMT equity cash open. Those lows under the 4760 level were the lowest such levels that the index has traded at in one week. However, at current levels around 4780, the index is trading with modest on-the-day gains of about 0.3%. That means the index is only about 0.7% below the record levels near-4810 it printed last week, indicative of the fact that US equity market sentiment remains very strong at the beginning of the new year.

Strength in technology stocks today is lifting the overall market. Tesla is up more than +9% after it reported better-than-expected vehicle deliveries in Q4. Also, semiconductor stocks are climbing today after monthly sales data from the Semiconductor Industry Association came in stronger than expected. U.S. stock indexes are higher today despite the increase in the 7-day average of new U.S. Covid infections to a record of 404,743 on Sunday.

Today's U.S. economic data was mostly bearish for stocks. U.S. Nov construction spending rose +0.4% m/m, weaker than expectations of +0.6% m/m. Also, the U.S. Dec Markit manufacturing PMI was revised downward by -0.1 to 57.7, right on expectations.

A record 10 million people worldwide became infected with Covid in the week through Sunday. The 7-day average of new U.S. Covid infections rose to a record 404,743 on Sunday.

Source: barchart.com

On the other hand, Government bonds came under selling pressure, with the yield on US 10-year Treasuries jumping 0.11 percentage points to 1.6 per cent. Germany's 10-year Bund yield rose 0.04 percentage points to minus 0.14 per cent.

Monday's market moves followed a strong year for equities in 2021, powered by a flood of government and central bank stimulus that combined with the global economic recovery from the depths of the pandemic, analysts and investors said.

The Stoxx 600 closed out 2021 with a 22 per cent advance, reversing the 4 per cent fall the previous year. The S&P 500 marked its third straight year of double-digit gains with a rally of 27 per cent.

On the other hand, Biden plans to stress the plans to distribute $1 billion from the coronavirus relief package to help independent meat processors expand. He also plans to highlight funding to train workers in the industry and improve conditions, as well as issue new rules for meatpackers and labeling requirements for being designated a "Product of USA."

The Justice Department and the Agriculture Department will launch a joint effort to make it easier to report anti-competitive actions to the government. The administration will also seek to improve the transparency of the cattle market.

Source: abc13.com

The effort is part of a broader attempt to regain control of America's economic narrative. Besides inflation, the repeated waves of coronavirus outbreak have dampened people's opinions about the economy despite strong growth over the past year.

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[somrat4030]

US Economical News and Updates By Forex Forum, Jan-05, 2022​

​

The S&P 500 did something it hadn't done in over 20 years and may never do again: It doubled. For reference, the only three-year time periods the S&P 500 had a higher total return were between 1995 and 1997, 1996 to 1998, and 1997 to 1999, when it produced a total return of 126%, 111%, and 108%, respectively.

Coming close to a record is one thing. Doing it during a period that was mainly spent in a global pandemic is quite another. The average long-term annual return in the S&P 500 is around 8%. Doubling your money by historical averages would take roughly nine years. So the three-period we just witnessed is truly remarkable.

Here are some catalysts that helped the stock market make history, as well as why it could be challenging to match this performance going forward.​

Apple (NASDAQ: AAPL) and Microsoft have single-handedly added nearly $4 trillion in market cap to the S&P 500 in the last three years. For reference, the total market cap of the S&P 500 at the end of 2018 was $21.03 trillion, meaning that just two companies alone would have given the index a 19% return in three years.

Source: yaktrinews.com

On the other hand, Wall Street's main indexes opened lower on Wednesday ahead of minutes from the Federal Reserve's December meeting, as a rise in U.S. Treasury yields hit technology-heavy growth stocks.​

The Dow Jones Industrial Average fell 77.05 points, or 0.21 per cent, at the open to 36,722.60.

The S&P 500 opened lower by 5.55 points, or 0.12 per cent, at 4,787.99, while the Nasdaq Composite dropped 75.56 points, or 0.48 per cent, to 15,547.16 at the opening bell.

Elesewhere, US stocks were mixed Wednesday as tech shares declined amid a surge in interest rates.
The 10-Year US Treasury yield traded near 1.66%, well above its year-end level of about 1.50%.

S&P 500: 4,783.52, down 0.21%​

Dow Jones Industrial Average: 36,821.46, up 0.06% (21.81 points)​

Nasdaq Composite: 15,491.67, down 0.84%​

The mixed open came despite strong employment figures. Private-sector job growth data from ADP showed December saw 807,000 positions filled, more than double estimates of 375,000, and well ahead of November's gain of 505,000. The leisure and hospitality industries led the job growth.

Meanwhile, Charlie Munger's Daily Journal continues to buy more Alibaba stock despite a sharp decline in 2021. The firm doubled its Alibaba stake last quarter, making up 28% of the Daily Journal's portfolio as of December 31.

Billionaire investor Jeff Gundlach warned against investing in China, citing the possibility of assets being confiscated by the government. Harsh regulatory crackdowns in 2021 by authorities in Beijing have led to headaches for public-listed companies like Didi and Alibaba, among others.

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[Polakandil]

US inflation maybe include one big issue that causes weakness of USD, there are some analysts said if in this year 2022, gold will have a good place amid high rate inflation in any country, there are certain central banks already increased to buy gold as a reserve because worried USD will continue to weaken

 

[somrat4030]

US inflation maybe include one big issue that causes weakness of USD, there are some analysts said if in this year 2022, gold will have a good place amid high rate inflation in any country, there are certain central banks already increased to buy gold as a reserve because worried USD will continue to weaken

Yes, i also agree with you. Day by day gold priority are increasing. But we hope US inflation will decrease soon and US $ will be stronger again.

Thanks and regards

 

[somrat4030]

US stock news and economical updates Jan-06, 2022, By Forex Forum.​

​

San Francisco Federal Reserve Bank President Mary Daly on Thursday said the U.S. economy is "closing in" on the U.S. central bank's two goals of full employment and 2% inflation, at least in the short run.

"There's a difference in the short run and the long run...balancing those things as we move forward in 2022 will be the critical point of business for monetary policy," Daly said at a Bank of Ireland virtual event. While the labor market "looks like it's very strong," she said, the economy is supporting millions of jobs fewer than it did pre-pandemic as women and older workers stay out of the labor force due to COVID constraints.

Employers are reluctant to let workers go at a time when it's so tough to find replacements. The United States posted 10.6 million job openings in November, the fifth highest monthly total in records going back to 2000. A record 4.5 million Americans quit their jobs in November — a sign that they are confident enough in their prospects to seek something better.

The job market has bounced back from last year's brief but intense coronavirus recession. When COVID hit, governments ordered lockdowns, consumers hunkered down at home and many businesses closed or cut back hours. Employers slashed more than 22 million jobs in March and April 2020, and the unemployment rate rocketed to 14.8 percent.

But massive government spending — and eventually the rollout of vaccines — brought the economy back. Employers have added 18.5 million jobs since April 2020, still leaving the US still 3.9 million jobs short of what it had before the pandemic.

On the other hand, Tech stocks took an almighty beating Wednesday, with the Nasdaq 100 falling 3.12% in its worst day since March. Many are deep in the red again Thursday.​

But why are tech stocks falling so hard? Is it rising bond yields, expectations for strong growth, hot inflation, or all of the above?

Central banks juiced the market in 2020 and 2021
First, it's important to understand why tech rocketed to begin with. When coronavirus hit in 2020, central banks slashed interest rates and pumped trillions of dollars into economies.

Bond yields cratered, so investors started looking elsewhere for returns. Banks, energy companies and the like were in the doldrums, so investors turned to the so-called stay-at-home stocks like Amazon, Apple and Google.
But borrowing was cheaper than ever. So, investors thought, why not take a bet on flashy – if unprofitable – tech companies that might be the next Netflix or Tesla?

Fast forward a year and almost all of those calculations have changed.​

Elsewhere, Shares of the retailer gained 3.5% after Dick's released updated guidance for its fourth quarter. The company said it now expects adjusted earnings of between $3.45 and $3.55 per share. Analysts were expecting $2.88 per share, according to FactSet's StreetAccount.

Source: cnbc.com/2022/

Rivian — Shares of EV start-up Rivian sank 6% as the market rotated out of high-growth stocks, despite a bullish call from Bank of America.​

Bank of America named Rivian one of its top picks for 2022. Amazon, a key backer of the EV company, announced a deal with Stellantis on Wednesday, potentially creating additional selling pressure for Rivian.

Goldman Sachs — Shares of the bank slid about 1% in midday trading after Bank of America downgraded the stock to neutral from buy. The Wall Street firm also slashed its 12-month price target to $475 per share from $490 per share. Bank of America is cautious on Goldman as it expects a tougher revenue growth backdrop for its capital markets business due to a moderation in trading activity and M&A.

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US Stock News and Market Updates By Forex Forum, Jan-07, 2022​

US stocks lose ground after the NFP report​

Wall Street seems to be resuming yesterday's downfall as the NFP report reinforced the Fed's ultra-hawkish stance and significantly increased expectations for a rate hike in March 2022. E-mini futures for the major US indices are taking a hit in premarket trade as spiking yields seem to be unfavorable for stocks.

In individual stock news, Gamestop announced yesterday that it is launching a division to develop a marketplace for NFTs and establish cryptocurrency partnerships. Hence, with investors pricing in that news on today's session, the stock is up 18% in pre-market trade.

Oil surges; gold stabilizes​

Oil prices have climbed to a seven-week high as extremely harsh weather conditions in Canada and the northern US have been disrupting oil flows, boosting prices just as American stockpiles decrease. Moreover, riots in Kazakhstan and outages in Libya raised further concerns over the supply side.

Although geopolitical flare-ups have intensified globally, gold cannot manage to capitalize on them as soaring real yields negatively weigh on the precious metal.

On the other hand, The S&P 500 Index ($SPX) (SPY) this morning is up +0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.07%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.13%.​

U.S. stocks this morning are mixed, with the Dow Jones Industrials falling to a 1-1/2 week low. Stocks are under pressure today after U.S. Dec nonfarm payrolls rose at less than half the expected pace, and after Dec average hourly earnings rose more than expected, stoking inflation concerns. The 10-year T-note yield jumped to a 9-1/4 month high of 1.767% today on the news, further weighing on technology stocks. A +10% jump in Discovery today, along with a rally in cruise line stocks, pushed the S&P 500 into positive territory.

U.S. Dec nonfarm payrolls rose +199,000, weaker than expectations of +450,000 and the smallest increase in a year. The Dec unemployment rate fell -0.3 to a 22-month low of 3.9%, showing a stronger labor market than expectations of 4.1%.

Source: barchart.com/stocks

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US Economical News and Updates Jan-08, 2022, By Forex Forum.​

The U.S. economy unexpectedly saw a slowdown in hiring in December compared to November, while the unemployment rate improved to a fresh pandemic-era low.

The Labor Department released its December jobs report Friday at 8:30 a.m. ET. Here were the main metrics from the print, compared to consensus estimates compiled by Bloomberg:​

1. Non-farm payrolls: +199,000 vs. +450,000 expected and a revised +249,000 in November

2. Unemployment rate: 3.9% vs. 4.1% expected and 4.2% in November

3. Average hourly earnings, month-over-month: 0.6% vs. 0.4% expected and a revised 0.4% in November

4. Average hourly earnings, year-over-year: 4.7% vs. 4.2% expected and a revised 5.1% in November

The labor market posted a twelfth consecutive months of job growth in December, albeit with gains coming at a rate slower than many expected. Consensus economists expected that December payrolls increased by over 400,000, or more than double the tally from November, when a slowdown in service-sector hiring had weighed on overall employment growth.

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Jan-09, 2022 US economical Updates and World Stock Market News By Forex Forum.​

The new year started off with a solid rally on Monday, led by Tesla (TSLA), Advanced Micro Devices (AMD), Nvidia (NVDA) and Apple (AAPL). But the rest of the week was an expectation breaker, with the major indexes selling off and leaders such as Tesla stock reversing hard.

Surging Treasury yields were the driving force, as a surprisingly hawkish Fed jobs report on Friday spurred selling in bonds. That slammed growth stock names and buoyed financials. Rising crude oil prices lifted energy stocks.

Tesla CEO Elon Musk said his company would raise the price of Full Self-Driving in the U.S. by $2,000, to $12,000, on Jan. 17. He also said FSD Beta 10.9 will be released soon.​

Dow Jones Futures Today​

Dow Jones futures open at 6 p.m. ET, along with S&P 500 futures and Nasdaq 100 futures.

Remember that overnight action in Dow futures and elsewhere doesn't necessarily translate into actual trading in the next regular stock market session.

The Dow Jones Industrial Average dipped 0.3% in last week's stock market trading, as blue-chip financials, energy firms and Caterpillar (CAT) offset losses in other sectors. The S&P 500 index retreated 1.9%. The Nasdaq composite sold off 4.5%, its worst weekly loss since last February. The small-cap Russell 2000 gave up 2.9%.

On the other hand, The BSE Sensex rallied 1,490.83 points to 59,744.65,​

and the Nifty50 jumped 458.65 points to 17,812.70 during the week ended January 7, continuing uptrend for the third consecutive week. The moves were supported largely by banking & financials, though IT and Pharma underperformed during the week.

Bajaj Finance | The scrip added 10 percent after the company reported healthy customer acquisition with 2.6 million new customers added during the October-December quarter (Q3FY22). Customer franchise, as on Q3FY22, stood at 55.4 million, as compared to 46.3 million at the end of Q3FY21. The company said it has not witnessed any adverse impact on its NPA position due to transition to a new method of NPA recognition as clarified by the Reserve Bank of India (RBI) in November 2021.

On the other hand, HFCL | The share price gained over 9 percent in the week gone by. The telecom company announced a partnership with Aprecomm, a leading AI-powered wi-fi analytics technology provider. "HFCL has announced powering its network offerings with artificial intelligence (AI) based analytics, partnering with Aprecomm," the company said in its press release. HFCL plans to offer this AI solution to its existing customer for over 100K existing deployments and plans to make it available for all its new customers by default.

Source: moneycontrol.com

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Jan-13, 2022, US stock News and Economical Updates, By Forex Forum.​

The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, but still low by historic standards.

U.S. jobless claims climbed by 23,000 last week to 230,000, the Department of Labor said Thursday. The four-week moving average, which smooths out week-to-week blips, rose nearly 6,300 to almost 211,000.​

The weekly applications, a proxy for layoffs, have risen in four of the last five weeks, a period that runs in tandem with the spread of the omicron variant. Yet the jobs market has bounced back strongly from last year's coronavirus recession. Jobless claims had fallen mostly steadily for about a year and they dipped below the pre-pandemic average of around 220,000 a week.

On the other hand, The Dow Jones Industrial Average rallied Thursday after early jobless and inflation data. Apple chip supplier Taiwan Semi is breaking out past a buy point after reporting strong earnings ahead of the market open. And Delta Air Lines and KB Home climbed on earnings results.

Among the Dow Jones leaders, Apple (AAPL) rose 0.3% Thursday, hoping to add to a four-day advance. Microsoft (MSFT) was up 0.5% in today's stock market. Also among the Dow 30, financial leaders Goldman Sachs (GS) and JPMorgan Chase (JPM) are near new buy points.

Electric-vehicle leader Tesla (TSLA) traded slightly higher Thursday. EV truck rival Rivian (RIVN) lost 1%. Lucid Group (LCID) was down 1% as well. And Chinese EV leaders Li Auto (LI) and Xpeng Motors (XPEV) were lower.

Among Thursday's top stocks to buy and watch, Applied Materials (AMAT), Commercial Metals (CMC), Diamondback Energy (FANG), SVB Financial (SIVB) are in or near new buy zones.

Microsoft and Tesla are IBD Leaderboard stocks. Applied Materials is an IBD SwingTrader stock. Commercial Metals and SVB Financial featured in this week's Stocks Near A Buy Zone column.

Here's where US indexes stood shortly after the 9:30 a.m. open on Thursday:​

1. S&P 500: 4,740.19, up 0.29%
2. Dow Jones Industrial Average: 36,385.42, up 0.26% (95.10 points)
3. Nasdaq Composite: 15,236.56, up 0.34%

Investors are preparing for the start of the fourth-quarter earnings season. Delta Airlines posted an earnings beat on Thursday, while banks including JP Morgan and Citi to release results on Friday. Investors are also digesting messaging from the Federal Reserve that it embarking on a quick pace of interest-rate hikes to tackle hot inflation.

Elsewhere, The European Union on Thursday rejected the merger between South Korean shipbuilders Hyundai and Daewoo, saying a union between two of the world's biggest players in the industry would have given the combined company a global stranglehold on the production of liquified natural gas carriers.

EU Competition Commissioner Margrethe Vestager says the merger "would have led to less choice, higher prices and ultimately less innovation for European customers." European companies account for almost half the orders in the $45 billion market.

"We prohibited the merger," Vestager said, arguing the new company would have eliminated a major player and grabbed a global market share exceeding 60%.​

And it is not an easy market for new players to jump into. LNG shipbuilding is a complicated process that requires transporting frozen gas at minus 162 degrees Celsius across the globe.

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Jan-16, 2022, US Stock News And Economical Updates, By Forum Forex​

Amid sustained focus to remain on concerns around Covid-19 spread as well as related restrictions, analysts have noted that the stock market's momentum will be guided by the ongoing quarterly earnings season, with Reliance Industries, HUL and Bajaj Finance among those scheduled to announce their results this week.

The analysts have further stated that the focus would likely remain on the Covid situation, global stock markets, investment pattern of foreign institutional investors (FIIs), rupee-dollar trend and Brent crude, they added.

On the other hand, Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally is teetering, with last week's short-lived rebound quickly fizzling.​

The stock market rally is still standing, but is bruised and wobbly. The major averages are testing key support areas, though the Nasdaq has held its 200-day line so far.

The Nasdaq has lagged the S&P 500 index since last February, with that underperformance increasing over the past two months.

Apple (AAPL) stock and Apple iPhone chipmaker Qualcomm (QCOM) are two growth stocks holding up relatively well, while Tesla (TSLA) China rival Xpeng (XPEV) is right at an early entry. Meanwhile, DE stock is setting up, while SM Energy (SM) broke out Friday.

Source: investors.com/market

On the other hand, A month after the government announced Rs 76,000-crore scheme for developing the semiconductor ecosystem in India, the Ministry of Electronics and Information Technology (MeitY) is now seeking applications from 100 domestic companies, start-ups and MSMEs under its Design Linked Incentive (DLI) scheme.

Under the DLI Scheme, financial incentives and design infrastructure support will be extended to domestic companies, start-ups and MSMEs across various stages of development and deployment of semiconductor design for Integrated Circuits (ICs), chipsets, System on Chips (SoCs), systems and IP cores and semiconductor linked design for over a period of five years.

Moreover, The market closed flat after making a sharp recovery in the afternoon trade on January 14 despite negative global cues.​

The BSE Sensex closed 12.3 points down at 61,223, while the Nifty50 declined 2 points to 18,256 and formed a bullish candle on the daily charts as the closing was higher than opening levels.

It formed a bullish candle on the weekly scale too, as the Nifty gained 2.5 percent for the week.​

Though the last three trading sessions looked somewhat indecisive with weak intraday moves, a bullish candle on the weekly charts raised hopes of lifetime highs once again, said Mazhar Mohammad, Chief Strategist–Technical Research & Trading Advisory at Chartviewindia.

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Jan-17, 2022, US Economical Updates and Stock news, By forex forum.​

The spread of the Omicron variant of COVID-19 is disrupting business, which could have implications for markets and the economy.

Recent weeks have come with lots of headlines highlighting how businesses have been forced to scale back due to Omicron-related issues.

According to monthly survey data from the Bureau of Labor Statistics, as of December there were 1.68 million people who said they had a job but were not at work due to illness.

Furthermore, initial claims for unemployment insurance benefits remain relatively low, with the latest weekly tally sitting at 230,000.​

All of this suggests there's a lot more people still getting paid this time around. And so money that isn't spent right now is money that may be saved for later.

We should also remember that businesses have learned a lot and changed a lot in the past two years, and they're much better prepared to deal with the challenges that come with new waves of infections. Businesses that would've otherwise made cuts in early 2020 are retaining employees today.

Source: yahoo.com/news

On the other hand, The treasury secretary, Janet Yellen, marked Martin Luther King Day with a speech acknowledging that the US economy "has never worked fairly for Black Americans or, really, for any American of color".​

Interpreting the late civil rights leader's I Have a Dream speech, Yellen said: "Dr King knew that economic injustice was bound up in the larger injustice he fought against."

Monday would have been the 93rd birthday of King, who was just 39 when he was assassinated in 1968 while helping sanitation workers strike for better pay and workplace safety in Memphis, Tennessee.

King, Yellen noted, had referred to the guarantees in the Declaration of Independence as "a promise that all men, yes, Black men as well as white men, would be guaranteed the unalienable rights of life, liberty and the pursuit of happiness".

Elsewhere, The U.S. midterm elections are some 10 months away, but President Joe Biden's administration and allies already foresee a possible scenario in which Republicans take the House of Representatives, the Senate, or both, and launch a series of investigations and attempts to impeach the president.

Lawmakers, congressional staffers and strategists predict a slew of investigations targeting the Biden administration, particularly if Republicans loyal to former President Donald Trump gain important committee seats in Congress.

Source: reuters.com/world/us

On the other hand, U.S. stock markets and most banks will be closed Monday in observance of Martin Luther King Jr. Day.​

Unlike some federal holidays, expect to find most national restaurant chains and retailers open on the day that honors the civil rights icon. Many stores will have sales over the holiday weekend.

As the omicron variant continues to spread, some businesses are operating with reduced hours and some locations may be temporarily closed.

Private businesses including smaller, independent shops and local restaurants may be closed and most schools, colleges and universities won't hold classes.

Stocks

• Futures on the S&P 500 rose 0.1% as of 10:45 a.m. New York time

• Futures on the Nasdaq 100 slid 0.2%

• Futures on the Dow Jones Industrial Average rose 0.1%

• The Stoxx Europe 600 rose 0.8%

• The MSCI World index was little changed

Currencies

• The Bloomberg Dollar Spot Index rose 0.1%

• The euro little changed at $1.1402

• The British pound fell 0.2% to $1.3649

• The Japanese yen slipped 0.4%

Bonds

• Germany's 10-year yield advanced two basis point to -0.03%

• Britain's 10-year yield advanced three basis points to 1.18%

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Jan-22, 2022, US Stock Market Weekly Analysis and Forecast, By Forex Forum.​

Wall Street's main indexes ended sharply lower on Friday as Netflix shares plunged after a weak earnings report, capping a brutal week for stocks that saw the S&P 500 and Nasdaq log their biggest weekly percentage drops since the onset of the pandemic in March 2020.

The benchmark S&P 500 posted its third straight week of declines, ending 8.3 percent down from its early January record high.​

Losses also deepened for the Nasdaq after the tech-heavy index earlier in the week confirmed it was in a correction, closing down 14.3 percent from its November peak.

Netflix shares tumbled 21.8 percent, weighing on the S&P 500 and the Nasdaq, after the streaming giant forecast weak subscriber growth. Shares of competitor Walt Disney fell 6.9 percent, dragging on the Dow, while Roku also slid 9.1 percent.

Source: arabnews.com

In the past week, we've seen remarkable top-down shifts in the Nasdaq going into the close, day after day. Is the market finally catching up to reality? Lisa Abramowicz and John Authers sat down to discuss the evolving situation in detail on this week's Risks & Rewards. Here's a lightly edited version of their conversation.

Lisa Abramowicz: This week was tumultuous. Looking at the Nasdaq in particular —the selloff, the correction — it's worth asking: Is this the week that stock markets finally woke up to the reality that bond markets were pricing in that the Federal Reserve was going to raise rates three to four times this year and start quantitative tightening?

Moreover, The Nasdaq Composite's struggle is largely due to a surge in government bond rates this week. The U.S. 10-year Treasury hit as high as 1.9% on Wednesday as investors focused on the Federal Reserve's timeline for raising interest rates and broadly tightening monetary policy. However, bond yields retreated on Friday.

Investors will now be turning their attention to the Federal Reserve's January two-day policy meeting, set to start on Tuesday.​

"While a handful of rate hikes over the next year or two would represent a shift in Fed policy, we wouldn't consider policy restrictive and we don't expect the initial rate increase to derail the economic recovery," said Scott Wren, senior global market strategist at Wells Fargo Investment Institute. However, he added that rate hikes will inject volatility into the market.

Elsewhere, Political advisers from Russia, Ukraine, France and Germany will hold "Normandy format" talks on eastern Ukraine in Paris on Jan. 25, a source in Russian President Vladimir Putin's administration said on Saturday.​

Mykhailo Podolyak, adviser to Ukraine's chief negotiator Andriy Yermak, confirmed that a meeting in Paris was planned but told Reuters a preliminary date had been set for Jan. 26.

The planned talks come amid elevated tensions between Russia and the West over Ukraine.

Western countries are concerned by a Russia military build-up on the border and have warned of severe economic consequences if it invades its neighbour. Russia denies it plans to invade Ukraine but is demanding legally binding security guarantees from the United States and NATO.

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