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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.

Sign up for Kiplinger's FREE Investing Weekly e-letter for stock, ETF and mutual fund recommendations, and other investing advice.

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


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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Oil and gas stocks suffer a broad beating as crude oil, natural gas futures are hit hard (MarketWatch MarketPulse)

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.



KiplingerJul 05, 2022
5 Exciting Emerging Markets Funds to Buy
Inflation has been the dominant theme in investing across 2022 - and that goes well beyond domestic equities. Consumer prices have rapidly risen around the world, and even Wall Street's best emerging markets funds have felt the pinch.

"Many emerging market and developing economies (EMDEs) have recently been experiencing an unpleasant combination of elevated inflation and rising borrowing costs," says the Brookings Institute, which points out that March's 8.5% in emerging markets consumer prices was the highest level since 2008.

Regardless, emerging markets stocks can be a smart diversification tool, providing growth potential greater than that of the U.S. and other developed markets. Just keep in mind that expecting quick gains from EMs - especially amid historic highs for inflation and mounting economic uncertainty - could be a recipe for disappointment. Emerging markets also are known for their instability, with performance often coming in fits and starts.

That said, over time, investing in emerging markets funds can, over time, provide differentiated returns. Thus, now - while EMs are down - might be a good time for patient investors to build their positions.

Here, we look at some of the best emerging markets mutual funds you can buy. This list is a combination of index and actively managed mutual funds, so every investor should be able to find something that fits their preferences.

SEE MORE 2022's Best Mutual Funds in 401(k) Retirement Plans Data is as of July 4. Dividend yields represent the trailing 12-month yield, which is a standard m


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.



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

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.



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.


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