|
Stocks took a big hit Friday, and these shares fell the most MarketWatchPotential recession signal: A key 'yield curve' has inverted Yahoo NewsDow falls 460 points as US recession indicator flashes red CNNInverted Yield Curve Reminds Investors That Cycles End BloombergThe Bond Market's Blind Faith in a Do-Nothing Fed The Wall Street JournalView full coverage on Google News
|
|
Pinterest files for IPO New York Post This is how much money Pinterest execs made last year TechCrunchPinterest's Billionaire Founders May Keep Control, IPO Filing Suggests ForbesPinterest files for IPO, but avoids calling itself a social network The VergeDigital Scrapbooking Site Pinterest Becomes 2nd SF Tech Firm to File for IPO This Month, After Lyft; Uber, Slack Expected to Follow KTLA Los AngelesView full coverage on Google News
|
|
 The president endorsed the public release of Special Counsel Robert Mueller's report on possible ties between the Trump campaign and Russian election meddling. Here's what it would take for investors to take notice.
|
|
The eagerness by companies to list may signal a scramble to tap public markets before things go south.
|
|
 * Graphic showing inversion https://tmsnrt.rs/2UNVc1P
(New throughout, updates prices, market activity and comments
to close)
|
|
 Stephen Moore, who President Trump on Friday said he would nominate to the Federal Reserve, said in an interview he will be an "independent voice." Speaking to Bloomberg Television, the campaign adviser to Trump said his previous call to fire Chairman Jerome Powell "was probably written in a time of anger" but that the December rate hike was a mistake that has been reversed. He said he looked forward to working with Powell and that Powell could be a "hero." "I do not want to be disruptive, I want to be somebody that can really help Chairman Powell and the others on that board to construct the best pro-growth, stable price system that we can for this country," Moore said.
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.
|
|
The bond market flashed an ominous warning Friday, as the yield on long-term government debt dipped below that of short-term bills. That unusual situation often signals a recession on the horizon.
|
RELATED ARTICLES | | |
|
 U.S. stocks moved broadly lower on Wall Street Friday, dragged down by banks and industrial companies.
|
|
Stocks plunged on concerns about decelerating growth and an inverted yield curve.
|
|
There's something brewing in the financial sector that could be very worrisome to stock market investors, especially those who still get a chill when recalling events that led to the financial crisis.
|
|
The bond market is edging closer to signaling a recession, but don't panic, stocks could have a lot more to run even if the feared "yield curve" inverts, according to history.
|
|
Shares of Foot Locker Inc. dropped 3.7% in premarket trade Friday, in the wake of Nike Inc. stock pullback on a downbeat sales outlook. In Foot Locker's 10-K filing for the fiscal year-ended Feb. 3, 2018 (the 10-K for the year ended February 2019 has not yet been filed), the athletic footwear seller said it was "highly dependent" on Nike, as about 67% of all merchandise bought in 2017 was from Nike, with each operating division buying 44% to 73% of their merchandise from Nike during the year. As a result, Foot Locker said any "adverse development" in Nike could have an "adverse effect on our business, financial condition and results of operations." Nike's stock dropped 4.8% ahead of Friday's open, after the company reported late-Thursday fiscal third-quarter earnings that topped expectations, but sales that matched and provided a fourth-quarter sales growth outlook that was below expectations. Foot Locker's stock has rallied 23% over the past three months through Thursday, while Nike shares have climbed 22% and the Dow Jones Industrial Average has rallied 16%.
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 Label