US stock futures fall early Thursday, as the yen touched a 24-year low overnight and...
US stock futures fall early Thursday, as the yen touched a 24-year low overnight and bitcoin slipped below the $20,000 level. Here are the latest market moves.
On the docket: Lululemon, Broadcom, and Campbell Soup are all reporting.
UBS argues, the odds of said recession have increased dramatically this summer.
The Swiss bank said in a note to clients this week that macroeconomic data points to a 60% chance the US economy will enter a recession in the next 12 months. That's up from 40% at the beginning of the summer.
Three factors are pointing the bank toward this prediction: macro data, the US treasury yield curve, and credit market data. The good news for now is that the bank's models are not pointing to a full recession.
U.S. stocks extend losing streak to fourth day, ending month down over 4%
U.S. stocks finished in the red for a fourth straight day on Wednesday as all three benchmarks...
U.S. stocks finished in the red for a fourth straight day on Wednesday as all three benchmarks recorded a loss for the month of August after finishing higher in July. For the Nasdaq, the 6.1% loss over the last four sessions was its biggest four-day drop since late June. The Dow Jones Industrial Average DJIA, -0.88% retreated 280.44 points, or 0.9%, to 31,510.43, finishing August down 3.9%. The S&P 500 SPX, -0.78% shed 31.16 points, or 0.8%, to 3,955.00, bringing its loss for the month to 4.2%. The Nasdaq Composite COMP, -0.56% fell 66.93 points, or 0.6%, to 11,816.20, a monthly drop of 4.6%. Stocks have been falling since Federal Reserve Chairman Jerome Powell declared on Friday that the Fed would continue with its policy tightening even if it caused economic pain for businesses and households.
