Mobileye shares lost more than a quarter of their value this week as investors were left unimpressed by the company’s presentation at the CES consumer electronics trade show. Monitor these important chart levels.
President Joe Biden is ending his term in office with a remarkably strong labor market. According to data released Friday by the Labor Department, employers added a surprising 256,000 jobs in December, the largest increase since March, and the unemployment rate dropped a tenth of a percentage point to 4.1%. Both numbers were better than analysts expected. Most sectors of the economy saw job growth during the month, including healthcare (up 46,000 jobs), retail (+43,000) and government (+33,000).
BCA doubled-down on its recession call for 2025, previously predicting that US stocks could drop by as much as 26% this year.
"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris Financial Group said.
A strong December jobs report elevated yields to their highest level since 2023, while pushing down stock and bond ETFs.
Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.
Last year was an epic one for stocks.
US benchmark equity indexes fell Friday, while Treasury yields soared as traders parsed official dat
Rising bond yields are heaping pressure on equities as investors fear a resurgence of inflation.
Target is one of the retailers with the most exposure to the wildfires that have raged this week in the Los Angeles area, analysts at JPMorgan said Friday.