The Latest Breaking News on Markets

Stock futures flat as Fed minutes challenge rate bets; Jobs data in focus as Fed highlights wage growth; Johnson & Johnson plans IPO for consumer health care division; Amazon confirms 18,000 layoffs as big tech sheds more jobs and Walgreens earnings on deck with pharmacy sales in focus.

Asian shares are mostly higher following a rally on Wall Street as investors assessed minutes from the Federal Reserve’s latest meeting of policymakers and welcomed encouraging data on U.S. jobs

As of January 3, 2023, PredictIt’s 2024 presidential market shows incumbent Joe Biden (D) holding a narrow lead at $0.33, followed by Florida Governor Ron DeSantis (R) at $0.32, and former President Donald Trump (R) at $0.16. No other candidate has more than a $0.10 share price. 

Futures fell overnight. Stocks rose Wednesday despite a Microsoft sell-off. Be wary of buying stocks on the first "blip" of strength.

The ASX200 closes slightly higher, despite coal and energy stocks losing some value

The Dow Jones fought back after the Fed Minutes release. Microsoft stock tumbled but Tesla stock rose. GE stock popped after a spinoff.

Crude-oil prices will continue to increase in 2023 but could be volatile as Russia's actions remain unclear.

A fall in implied volatility will benefit the trade and it can also be profitable if Boeing stock moves up early in the trade.

The stock market reversed into midday Wednesday, with major indexes pulling higher.

The stock market witnessed significant volatility due to macroeconomic headwinds last year. While the market could remain under pressure in the near term, strong momentum stocks TotalEnergies (TTE), North American Construction (NOA), and Overseas Shipholding (OSG) might be able to sustain their gains, given their solid fundamentals. Therefore, these stocks…

The Dow Jones Industrial Average rose Wednesday ahead of economic data and Fed minutes. Microsoft slid on an analyst downgrade, while Tesla stock bounced.