Investors set sights on inflation report as bear market rally falters

The stock market may try to regain its footing in the next few sessions, even as a fresh inflation report looms large at the end of the week. Stocks struggled to move forward in the past week. With Friday’s sell-off, the major indexes closed out the four-day period with losses. That was disappointing to investors … Read more

Dan Sundheim’s D1 Capital dumped high-growth tech stocks in the first quarter

Hedge fund veteran Dan Sundheim bailed on several large bets on the tech sector during the first quarter, according to a securities filing released Monday. Sundheim’s D1 Capital exited positions in, Carvana and Shopify during the first three months of 2022, according to the filings. Those positions were worth more than $ 2 billion … Read more

US stock futures are flat ahead of Wednesday’s Fed meeting

Stock futures were flat in overnight trading after the major indexes rallied and oil prices tumbled below $ 100 a barrel ahead of Wednesday’s Federal Reserve meeting. Futures on the Dow Jones Industrial Average dipped 40 points, while S&P 500 futures fell 0.1% and Nasdaq 100 futures were flat. The gains came ahead of a … Read more

Airlines, Coupa Software, GitLab and more

Take a look at some of the biggest movers in the premarket: Delta Air Lines (DAL), United Airlines (UAL), Southwest Airlines (LUV) – Delta rallied 3.7% in the premarket while United jumped 3.9% and Southwest added 2.9%. All three airlines raised their revenue outlooks, saying air travel is rebounding from the earlier slump induced by … Read more

Federal Reserve expected to raise interest rates in week ahead

A trader on the NYSE, March 11, 2022. Source: NYSE Investors may take the Federal Reserve’s first post-pandemic interest rate hike in stride, while uncertainty over the Ukraine crisis continues to hang over markets. The Fed has clearly broadcast that it intends to raise its target fed funds rate by a quarter percentage point from … Read more