Economy & Markets
The important economic and stock market news that advisors need to know.
Stocks Hit by Powell's Double Dose of Hawkishness
By Rita NazarethThe Fed's boss signaled officials are ready to speed up the pace of tightening and take rates to higher levels.
March 06, 2023
Siegel: Strong Economic Data 'Really Changed the Picture'A strong job market and unexpectedly high GDP growth may account for recent stock market resilience, the economist suggested.
March 06, 2023
Morgan Stanley Sees Near-Term Stock RallyThis "bear market rally is not ready to end just yet," strategist Michael Wilson wrote in a note Monday.
March 06, 2023
Gary Shilling Checks In on His 9 Investment ThemesShilling says his recommendations for the past 10 months produced gains while the traditional 60/40 portfolio slid.
March 03, 2023
Stocks Add to Weekly Gains as Sentiment CalmsThe S&P 500 and Nasdaq 100 rose Friday, even after some data highlighted continuing strength in the service sector.
March 02, 2023
Citigroup Cuts Hundreds of JobsThe move comes just weeks after rival JPMorgan Chase & Co. cut hundreds of mortgage employees.
March 02, 2023
Wells Fargo Cuts 2023 Stock ForecastThe year could bring "significant rallies and pullbacks but with no real direction," Wells Fargo said.
March 02, 2023
17 Best-Paying College Majors: 2023These fields of study lead to earnings above the national median, according to the New York Fed.