Wellness

US stocks rebound from losing week as Biden-Xi summit nears and inflation fears ease

18 days ago   |   By

US stocks rebounded as investors focus on the virtual summit between Presidents Joe Biden and Xi Jinping.
The yield on 10-year Treasury slipped to 1.578% on Monday compared to Friday's 1.583%.
Oil and gold prices moved lower.
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US stocks rebounded Monday as investors turn their attention to the virtual summit between US President Joe Biden and Chinese President Xi Jinping and try to look past a continued spike in inflation. The two leaders will discuss how to manage the competition between the superpowers, the White...
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Sky-high prices are spooking S&P 500 companies, with inflation mentions hitting a 10-year high in quarterly earnings calls

18 days ago   |   By

Inflation is the hot topic for markets.
AP Photo/Richard Drew
The number of S&P 500 companies mentioning inflation in earnings calls rose to its highest level in 10 years in the Q3 season.
US inflation shot up to a 31-year high as the economy reopened and supply chains struggled to meet demand.
Data company FactSet said profit margins are expected to be lower for S&P 500 companies in the fourth quarter.
The number of S&P 500 companies mentioning inflation on their earnings calls rose to its highest in 10 years in the third quarter, new data has shown, as executives fret about the effect of...
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US stock futures climb to near record highs as sky-high inflation fails to rattle investors

18 days ago   |   By

Stocks are near record highs despite inflation surging.
Yana Paskova/Getty Images
US stock futures rose to near record highs Monday, after a minor wobble last week.
Soaring US inflation in October appears to be failing to persuade investors to change course.
Equities have stayed buoyant in part because the bond market is so unattractive right now.
US futures rose to near record highs on Monday, as investors appeared to remain calm in the face of the highest US inflation reading in 31 years. S&P 500 futures climbed 0.13% while Dow Jones futures were up 0.19% and Nasdaq 100 futures moved up...
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