Chances of a markets-led recession arriving sooner than expected are growing by the day, investors and traders say

An ongoing meltdown in US stock prices, driven by pessimism about the economic outlook, is boosting the risk of a recession that arrives sooner than most professional forecasters anticipate, traders and investors say. Falling equity prices have already contributed to the disappearance of $ 5 to $ 8 trillion in household wealth this year, and … Read more

Best Buy Revenue Tops Estimates and the Stock Jumps

Text size Best Buy was a big winner during the pandemic as people bought electronics while they stayed at home. Joe Raedle / Getty Images Best Buy earned $ 1.57 a share on an adjusted basis in its fiscal first quarter, meeting analysts’ estimates. Revenue of $ 10.65 billion topped forecasts. The stock was rising … Read more

How Low Could the S&P 500 Sink? According to History, 3000.

Text size The fall in stock and bond prices has cut household wealth by as much as $ 8 trillion in 2022. Justin Lane / epa-efe / Shutterstock The stock market had a near-bear experience, which might be the most bullish thing you can say about it. At its low on Friday, the S&P 500 … Read more

Small Businesses Lose Confidence in US Economy

Small businesses are flashing warning signs on the US economy as inflation, supply-chain snarls, a shortage of workers and rising interest rates darken the outlook for entrepreneurs. Fifty-seven percent of small-business owners expect economic conditions in the US to worsen in the next year, up from 42% in April and equal to the all-time low … Read more

3 Off-Price Retailers That Look Like Bargains In The Stock Market’s Wreckage

TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more

Weekend reads: Retail troubles and how to handle this scary stock market

At first glance, it might appear that the stock market finally fared pretty well for one week through May 19 —- the benchmark S&P 500 index SPX, + 0.01% was down only 0.7%. But it’s on track to be down for seven straight weeks – the first time since 2002, when it fell for eight … Read more

3 Off-Price Retailers That Look Like Bargains In The Stock Market’s Wreckage

TJ Maxx’s parent TJX reported earnings that were above Wall Street expectations. Cindy Ord / Getty Images Text size Two of the three major off-price retailers posted quarterly earnings this week, with dramatically different results. That leaves Burlington Stores , which reports May 26. There are three key factors that could determine how Burlington’s stock … Read more

Meta, Uber and Other Internet Stock to Buy After the Big Market Drop

Text size Uber shares are attractive after a 44% decline this year, an analyst says. Justin Sullivan / Getty Images Internet stocks have tumbled worse than the general market as investors have worried about the potential for a broad-based economic slowdown. But RBC Capital Markets says the selloff is now providing buying opportunities. The First … Read more

The Bear Nears and Might Not Exit Stocks Until the S&P Sinks to 3000

Text size The fall in stock and bond prices has cut household wealth by as much as $ 8 trillion in 2022. Justin Lane / epa-efe / Shutterstock The stock market had a near-bear experience, which might be the most bullish thing you can say about it. At its low on Friday, the S&P 500 … Read more

The Stock Market Has Avoided a Bear. But the Selloff Isn’t Over

The S&P 500 index refuses to fall into a bear market — but that does not mean it’s found a bottom just yet. Not that it was not a painful week. The S&P 500 dropped 3% and has now fallen 18.7% from its Jan. 3 all-time high. A slide of 20%, which it touched Friday … Read more