U.S. stocks rose on Monday after a sharp selloff as investors looked ahead to a major week of events with the Federal Reserve’s latest policy decision and Apple’s ( AAPL ) earnings on the calendar. The benchmark S&P 500 Index (^GSPC) rose about 0.7% after officially entering correction territory on Friday, while the Dow Jones …
GM withdraws guidance over car attacks GM shares were largely unchanged Tuesday after the company reported third-quarter results. Pras Subramanian from Yahoo Finance reports: Against the backdrop of difficult contract talks with the United Auto Workers (UAW), GM (GM) on Tuesday announced growth in third-quarter revenue and earnings, but withdrew its 2023 guidance on uncertainty …
Every weekday, CNBC Investing Club with Jim Cramer hosts a live morning broadcast at 10:20 a.m. ET. Here’s a recap of Tuesday’s key moments. 1. US stocks rose on Tuesday, with the S&P 500 index rising 0.82% on better-than-expected earnings reports from aerospace companies such as General Electric (GE) and RTX Corp. (RTX). “The revenge …
Harley Bassman says the U.S. economy will fall into recession next year, which will hit stock and home prices. Scott Olson/Getty Images Harley Bassman claims that the American economy will capitulate and enter a recession next year. The Wall Street veteran expects stock and home prices to fall as unemployment and mortgage defaults rise. Bassman …
There is no telling when the next market downturn will come, or which sectors will escape the worst of the carnage when it comes. However, growth stocks will almost certainly suffer the most when markets start to pull back. These investments are sensitive due to their high valuations and heightened growth expectations compared to, say, …