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KiplingerJul 05, 2022
Stock Market Today: Energy Dampens Dow, FAANGs Elevate Nasdaq
The first session of the holiday-shortened week was a wild one, as a deep Tuesday morning dip evolved into a severely split market featuring pockets of red and green alike.

On one side, you had big dips in economically sensitive sectors. Energy (-4.0%) fared the worst thanks to a drastic decline in U.S. crude oil futures, which plunged 8.2% to $99.50 - the commodity's lowest finish in more than two months.

SEE MORE The 10 Best Stocks for a Bear Market "This move came on the back of an ever-increasing number of economic indicators (Goldman Sachs US Financial Conditions Index, Citi US Economic Surprise Index, ISM orders) now pointing to sustained weakening of financial conditions as well as Street expectations," says Michael Reinking, senior market strategist for the New York Stock Exchange.

Also weighing on oil was a strengthening U.S. dollar, which closed the session at a 19-year high. (Remember: Oil is priced in U.S. dollars, so a strong dollar will weigh on oil prices, and vice versa.) The aforementioned worries of weakness hampered other sectors, too, including materials (-2.0%) and industrials (-1.5%).

"Shifting to a more near-term view, with commodity prices coming a bit back down to reality, some investors may view this as a welcome sign that inflation is beginning to cool - the main driver of recent volatility," adds Chris Larkin, managing director of trading for E*Trade.

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However, other parts of the market - namely, those pinned to the ground by rising interest rates - came off the mat as rec


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Stocks Finish Mixed Amid Worry About Slowing Economic Growth - The Wall Street Journal (Google Business News)

MarketWatch MarketPulseJul 05, 2022
Stocks stage dramatic comeback Tuesday to end mostly higher
U.S. stocks booked a dramatic turnaround on Tuesday, with the S&P 500 and Nasdaq Composite both ending a choppy session higher, even as investors kept an eye on signs that the U.S. could slip into a recession. The Dow Jones Industrial Average shed 0.4%, or about 130 points, to finish near 30,967. At the session's low, the blue-chip index traded about 600 points lower, according to FactSet data. The S&P 500 index eked out a gain of 0.2%, while the Nasdaq Composite Index closed up 1.8%. A strong U.S. dollar and tumbling oil prices also were in focus, with the U.S. benchmark falling 8.2% to close below $100 a barrel, its lowest in more than two months.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Forget Tesla, Wall Street Thinks These 2 EV Stocks Could Double (Entrepreneur.com)
Oil and gas stocks suffer a broad beating as crude oil, natural gas futures are hit hard (MarketWatch MarketPulse)

MarketWatchJul 05, 2022
Commodities Corner: U.S. oil just tumbled below $100 a barrel — What that says about recession fears and tight crude supplies
Concerns about a recession and a drop in energy demand led to a drop in U.S. benchmark West Texas Intermediate crude-oil prices below the $100 -a-barrel mark on Tuesday for the first time in months. That's contributed to talk of a potential "buying opportunity" for traders, even as some analysts expect further price declines.

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Why Oil Stocks Are Tumbling Today (The Motley Fool)
Oil prices turn sharply lower on fears recession will undercut demand (FT.com - Financial Markets)

Yahoo BusinessJul 05, 2022
5 Best Chinese Stocks: China EV Makers Rally On Booming Sales


MarketWatchJul 05, 2022
Market Snapshot: U.S. stocks close mostly higher after staging a sharp intraday rebound
Technology stocks led a turnaround in stocks on Tuesday, booking the best performance of the post-July 4 session as inflation expectations subsided.

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Capital Market View: Recession Odds Depend on Whom You Ask (Dismal.com: Analysis)

MarketWatch MarketPulseJul 05, 2022
Biden team still looking at options on China tariffs, White House says
The Biden administration is continuing to review options on tariffs on Chinese goods, the White House said Tuesday, as a report said the president was expected to roll back some levies on those imports soon. A Wall Street Journal report said President Joe Biden could announce his decision this week. Briefing reporters, White House press secretary Karine Jean-Pierre said Biden's team is "talking through this" but she had no announcement as of Tuesday afternoon. Biden's decision could include a pause on tariffs on consumer goods such as clothing and school supplies, as well as launching a framework to allow importers to request tariff waivers, the Journal reported.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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U.S. Aims to Expand Export Bans on China Over Security and Human Rights (NYTimes Business)

MarketWatchJul 05, 2022
Futures Movers: U.S. oil prices drop below $100 to end at lowest since April on a strong dollar, fears of a recession
Oil fell sharply on Tuesday, with U.S. prices ending at below $100 a barrel --- at their lowest since late April --- as concerns over the global economic outlook spurred uncertainty about the demand outlook for crude, and the dollar surged.

The Motley FoolJul 05, 2022
Here's Why The Trade Desk Stock Fell Nearly 20% in June
Investors are worried that companies will cut their advertising budgets in a weakening economy, and also that The Trade Desk might not land a major new partner.

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Here's Why Coinbase Stock Fell 81% in the First Half of 2022 (The Motley Fool)

MarketWatchJul 05, 2022
The Wall Street Journal: Spotify rival Deezer's stock plunges in trading debut
Shares in French music-streaming service Deezer fell in their first day of trading, a fresh sign of the difficult environment facing startups and loss-making companies.

MarketWatchJul 05, 2022
Bond Report: 2-, 10-year Treasury yields post biggest four-session drops in two years as curve inverts on U.S. growth fears
The two- and 10-year Treasury yields fell for a fourth straight trading day on Tuesday, posting their biggest declines over such a time frame since March 2020.

The Motley FoolJul 05, 2022
Here's Why PayPal Stock Fell 18% in June
Investors don't want to buy fintech stocks.

Yahoo BusinessJul 05, 2022
U.S. Oil Plunges Under $100 As Recession Fears Mount; Gas Prices Set To Tumble


The Motley FoolJul 05, 2022
Why Unity Software Stock Rocketed Over 12% Higher Today
The 3D content-creation engine was finally getting a pop after a horrendous first half of 2022.

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Why Micron Technology Rocketed Higher Today (The Motley Fool)
Why Faraday Future Stock Rocketed 50% Today (The Motley Fool)

USA Today MoneyJul 05, 2022
Adulting 101: Budgeting for beginners amid inflation, when everything costs more
Starting your financial independence when rent and food prices keep rising is tough. Budgeting experts offer tips.     

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: As inflation sits at a 40-year high, the personal savings rate in America has fallen to its lowest level since 2008. Here's the age group feeling most ‘uncomfortable' about their savings now. (MarketWatch)
Prices don't drop when inflation eases. Why your wallet will be hurting for a while. (USA Today Money)

Yahoo BusinessJul 05, 2022
Ford's U.S. Sales Increase 32% in June, Outpacing Broader Industry


USA Today MoneyJul 05, 2022
Dow, S&P 500, Nasdaq recover losses to eke out gains, oil drops below $100 per barrel
The S&P 500, Dow and Nasdaq erase early losses to end slightly higher, but investors remain nervous a recession is on its way.      

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Young VCs Are About to Face Their Greatest Test (a Downturn) (Entrepreneur.com)
US bond market flashes warning signal of economic slowdown (FT.com - Financial Markets)

Yahoo BusinessJul 05, 2022
‘They'll chicken out': Fund legend Rick Rule says the Fed won't keep hiking rates aggressively, even to prevent ‘amazing damage.' Here are 3 spots he likes for your money


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5 Exciting Emerging Markets Funds to Buy (Kiplinger)
Supreme Court limited EPA's ability to regulate greenhouse gas emissions. Here's how investors can buy a carbon-conscious fund (CNBC Business)

MarketWatch MarketPulseJul 05, 2022
Oil futures settle sharply lower, with U.S. prices below $100 a barrel
Oil futures fell sharply on Tuesday, with U.S. prices below the $100-a-barrel mark - at their lowest in more than two months, pressured by strength in the U.S. dollar and concerns over a possible recession that would hurt energy demand. WTI oil's fall was "inevitable as the market rebalances after fears of sanctions give way to the realities of Russian sales to new buyers in Asia, and the impact of high prices on demand and the economy become increasingly apparent," said Michael Lynch, president at Strategic Energy & Economic Research. West Texas Intermediate crude for August delivery fell $8.93, or 8.2%, to settle at $99.50 a barrel on the New York Mercantile Exchange, the lowest front-month finish since April, according to Dow Jones Market Data.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



RELATED ARTICLES
Stock market news lives updates: Stock futures fall as recession concerns linger (Yahoo Business)

Google Business NewsJul 05, 2022
Live: Boris Johnson Battles for Survival; 2 U.K. Cabinet Ministers Quit - The New York Times
Live: Boris Johnson Battles for Survival; 2 U.K. Cabinet Ministers Quit  The New York TimesBritish government resignations expected  Washington PostHuge blow for Boris Johnson as two senior UK government ministers resign  CNNFactbox: Can Boris Johnson be forced out, and how is a successor chosen?  Reuters UKThe Guardian view on the cabinet resignations: endgame for Boris Johnson  

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Live Updates: Russia-Ukraine War - The New York Times (Google Business News)

FT.com - Financial MarketsJul 05, 2022
Norway government halts oil and gas strike
State intervention eases fears over security of supply for UK and Europe

Yahoo BusinessJul 05, 2022
Gold prices touch their lowest level of the year as the dollar climbs to a 22-year high vs. euro


Google Market NewsJul 05, 2022
Twitter, Challenging Orders to Remove Content, Sues India's Government - The New York Times
Twitter, Challenging Orders to Remove Content, Sues India's Government  The New York TimesTwitter sues Indian government in pushback against orders to remove content  The HillTwitter pursues judicial review of Indian orders to take down content  Reuters.comTwitter takes Indian government to court over blocking orders  The Washington PostReports: Twitter challenges India order to block content - KION546  KIONView Full Coverage on Google News

CNBC FinanceJul 05, 2022
Dow trims losses, tech stocks rise as investors weigh slowing economy and falling interest rates
Stocks were lower on Tuesday morning after the major averages finished another losing week.

Washington Post BusinessJul 05, 2022
What's Crypto Lending, and Why Did Investors Get Burned?


MarketWatch MarketPulseJul 05, 2022
Tech giants fuel Nasdaq 100's surge, even as Dow, S&P 500 fall
Rallies in the shares of the biggest technology company's helped lift the tech-heavy Nasdaq 100 to a healthy gain, even as the broader stock market was selling off. The Nasdaq 100 climbed 1.3% in afternoon trading, reversing an earlier drop of as much as 1.9%, as the index's top-five most valuable companies by market capitalization all rose. Shares of Apple Inc. gained 1.5%, Microsoft Corp. rose 1.0%, Alphabet Inc. ran up 3.8%, Amazon.com Inc. advanced 3.6% and Tesla Inc. tacked on 1.9%. The index's biggest gainer was early-pandemic beneficiary Zoom Video Communications Inc.'s stock , which rose 7.8%. Meanwhile, the Dow Jones Industrial Average slumped 279 points, or 0.9%, and the S&P 500 declined 0.9%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseJul 05, 2022
Banks stocks hit hard as continued fall in Treasury yields fuel recession fears
Financial stocks traded broadly lower Tuesday, as longer-term Treasury yields continued to fall amid growing concerns that a recession was on the horizon. Lower longer-term yields can weigh on banking profits, as they narrow the spread between what banks earn on longer-term assets, such as loans, that are funded by shorter-term liabilities. The SPDR Financial Select Sector ETF slid 1.5% in afternoon trading, with 56 of 66 equity components losing ground, to outpace the S&P 500's 0.9% decline. Among the ETF's more-active components, shares of Bank of America Corp. declined 2.4%, Citigroup Inc. shed 1.7%, Wells Fargo & Co. dropped 0.9% and JPMorgan Chase & Co. gave up 1.5%. The most-active of the gainers was Synchrony Financial's stock , which gained 0.6%. Meanwhile, the yield on the 10-year Treasury note fell 8.7 basis points (0.087 percentage points) to 2.802%, and have lost 40.4 basis points amid a four-day losing streak. The yield briefly fell below the 2-year Treasury yield , something known as a yield-curve inversion, which often foretells an economic recession.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchJul 05, 2022
Metals Stocks: Gold prices settle at their lowest level of the year as the dollar index climbs toward a 20-year high
Technical indicators in recent trade for both gold and silver are now "fully bearish," says Kitco.com's Jim Wyckoff.

Yahoo BusinessJul 05, 2022
Big Insider Buys of Oil and Solar Stocks Are Plays on Russia Sanctions


Yahoo BusinessJul 05, 2022
Peter Thiel-Backed Crypto Lender Vauld Suspends Withdrawals


MarketWatch MarketPulseJul 05, 2022
BioNTech stock falls after CureVac files suit, saying COVID vaccine infringes patents
Shares of BioNTech SE fell 0.9% in premarket trading Tuesday, after CureVac N.V. filed in Germany a patent infringement suit against the biotechnology company. CureVac said there were certain of its patents that were utilized in the manufacture and sale of BioNTech and Pfizer Inc.'s COVID-19 vaccine, Comirnaty. CureVac said while it doesn't seek an injunction, and won't take legal action to impede the production or sale of Comirnaty, it is seeking "fair compensation" for infringement of its patents. CureVac's stock rose 0.4% in premarket trading, and Pfizer shares slipped 0.8%. Year to date, CureVac's stock has tumbled 58.5% and BioNTech shares have shed 38.9%, while the iShares Biotechnology ETF has dropped 21.3% and the S&P 500 has shed 19.7%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



Private Equity Breaking NewsJul 05, 2022
Appian Capital Advisory hires Peter Nicholson to head Australia, Asia
Appian Capital Advisory, an investment advisor to private equity funds aimed at the mining industry has hired Peter Nicholson from Resource Capital Funds as senior advisor, head of Australia and Asia.

The post Appian Capital Advisory hires Peter Nicholson to head Australia, Asia first appeared on AltAssets Private Equity News.



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Sequoia Capital China targets $9bn fundraising haul despite Beijing's tech crackdown (FT.com - China, Economy & Trade)

Inc.comJul 05, 2022
Mark Zuckerberg Told Facebook Employees to Quit
In a call with employees, Facebook's founder tried to rally the troops.

Yahoo BusinessJul 05, 2022
‘I am a 53-year-old single man with very little savings': I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible?


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The Moneyist: ‘I am a 53-year-old single man with very little savings': I want to take out a 30-year mortgage, but pay it off in 7 years. Is that possible? (MarketWatch)

Google Business NewsJul 05, 2022
Russia pounds Ukraine's Donetsk region after seizing Luhansk - Reuters
Russia pounds Ukraine's Donetsk region after seizing Luhansk  ReutersLatest Ukraine War News: Russia Ramps Up Shelling in the East  The New York TimesHow Ukraine's 'Venice' has borne the brunt of fight for Snake Island  The GuardianZelensky vows to win back Luhansk from Russia - BBC News  BBC NewsPro-Russian separatist forces descend on Donetsk; Ukrainian civilians told to flee as heavy shelling hits region  CNBCView Full Coverage on Google News

CNBC BusinessJul 05, 2022
Stocks making the biggest moves midday: Oil stocks, Ford, Crocs and more
These are the stocks posting the largest moves in midday trading.

NYTimes BusinessJul 05, 2022
Euro Hits 20-Year Low Against Dollar as Markets Slide
The euro's decline was the most prominent sign of renewed recession fears, with stocks and oil prices also falling sharply.

CNBC BusinessJul 05, 2022
Luxury car buyers shell out more than ever with 'car payments that look more like mortgage payments'
The share of new-car buyers with a monthly payment of more than $1,000 jumped to a record high, according to Edmunds.

The Motley FoolJul 05, 2022
Here's Why Raytheon Stock Climbed 11.7% in the First Half of 2022
A strong start for its commercial sector and a war-related boost from Europe helped Raytheon to rocket higher.

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Here's Why Citigroup Fell 24% in the First Half of 2022 (The Motley Fool)

The Motley FoolJul 05, 2022
Why Shares in Freeport-McMoRan Slumped Again Today
The so-called "inflation plays" came under more pressure today as fears over economic growth hit the market.

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Why Nio Shares Dropped Early Today (The Motley Fool)
Why General Electric Shares Fell Today (The Motley Fool)

Google Business NewsJul 05, 2022
Hacker Offers to Sell Chinese Police Database in Potential Breach - The New York Times
Hacker Offers to Sell Chinese Police Database in Potential Breach  The New York TimesHackers Claim Theft of Police Info in China's Largest Data Leak  Bloomberg Markets and FinanceChina Tries to Censor What Could Be Biggest Data Hack in History  GizmodoHacker claims biggest Chinese data breach with 1 billion resident records stolen: Report  Fox NewsHacker claims to have stolen 1B records of Chinese citizens from police  NBC NewsView Full Coverage on Google News

Private Equity Breaking NewsJul 04, 2022
Joy Capital said to have set lower Fund IV target than Fund III size
China's Joy Capital has set a lower target for its fourth fund, according to AVCJ.

The post Joy Capital said to have set lower Fund IV target than Fund III size first appeared on AltAssets Private Equity News.


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