Market News

Explainer-How Boeing could face the criminal prosecution it avoided in 2021

(Reuters) – The U.S. Justice Department said Boeing breached its obligations under a 2021 agreement that kept the planemaker from criminal prosecution following fatal 737 MAX crashes in 2018 and 2019 that killed 346 people. The finding raises the prospect of Boeing facing prosecution it had previously avoided, which could result in fresh penalties and deepen an ongoing corporate crisis that has already resulted in a management shakeup and government investigations. Boeing failed to “design, … Read more…

Putin to visit China’s Xi to deepen strategic partnership

By Guy Faulconbridge MOSCOW (Reuters) – Russian President Vladimir Putin will visit China on Thursday for talks with Xi Jinping that the Kremlin hopes will deepen a strategic partnership between the two most powerful geopolitical rivals of the United States. China and Russia declared a “no limits” partnership in February 2022 when Putin visited Beijing just days before he sent tens of thousands of troops into Ukraine, triggering the deadliest land war in Europe since … Read more…

‘Choose France’ investment push bags record $16 billion in pledges

By Sudip Kar-Gupta and Elizabeth Pineau PARIS (Reuters) – France won a record 15 billion euros ($16.17 billion) in foreign investment pledges on Monday, allowing President Emmanuel Macron to bask in the limelight with global CEOs and forget about strained public finances and weak polls for a while. The bumper crop of pledges, in sectors ranging from artificial intelligence to pharmaceuticals and energy, stood Macron in good stead as he hosted business leaders for the … Read more…

NY Fed report warns discount window stigma may never go away

By Michael S. Derby (Reuters) – The Federal Reserve needs to rethink how it provides swift liquidity to banks, a report from the Federal Reserve Bank of New York said on Monday. That’s because despite many years of trying to reform the discount window, the long-standing stigma around this facility “has clearly become deeply engrained among practitioners and it may be impossible to change that norm,” wrote economists Olivier Armantier and Charles Holt. “Even extreme … Read more…

The Streaking Dow Jones – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Friday’s market turned the corner, with investor concerns on the sideline. High tech red hot earning reports stirred the market: Labor began to balance out with hiring drifting lower and wages leveling off, giving the market ‘room-to-run.’ All the indexes responded, led again by the tech-heavy equities, with the Nasdaq Composite jumping up 2% while the Dow Jones Industrial Average surged 450 points, up 1.2%. The standard bearer S&P … Read more…

Wobbling Stock Market

The Wobbling Market – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) Investors and traders were spooked by the late Thursday night strike by Israeli forces against Iran in retaliation for their missile attack. Oil shot up, then settled Friday, closing at $87.29. The Nasdaq Composite was off 5.5% for the week, while the S&P 500 was down 3.1%. The steady-eddy Dow Jones Industrial Average was up slightly for the week. “The magnificent seven lost plenty, over $950 billion in the … Read more…

US Consumers All In – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) All the indexes Friday, the Dow Jones Industrial Average, the S&P 500, the Nasdaq Composite and the Russell 2000 reflected the market’s uneasiness, the ‘worst’ in over a year. After a blazing three months this year that followed nearly 6 strong months last year, extending the ‘bull,’ the market turned obstinate, struggling with stubborn CPI’s, lingering military wars and pricey oil, not to mention Mr.Powell and the Fed. Mounting … Read more…

The Inflation Puzzle – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) All the indexes lost major ground last Thursday, with the Dow Jones Industrial Average giving up 530 points, or 1.4%. Both the Nasdaq Composite and the S&P 500 were off 1.2% and 1.4%. Friday the ‘bleeding’ stopped as the monthly Jobs Report stroked a turn-around, with the Dow Jones jumping 400 points after being thrashed on Thursday. Friday did finish up, as all three indexes, including the Russell 2000 … Read more…

A Choppy Market – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) April Fools Day kicked off a second quarter, following a blazing January-February-March. Twenty two record setting new highs for the indices, leaving no doubt that the ‘bull’ is alive and rearing its head. After finishing 2023 at a torrid pace 2024 opened and continued strong throughout the first quarter. Monday’s opening was scattered as the Dow Jones Industrial Average drifted lower, while the Nasdaq Composite was a bit higher. … Read more…

Economic Bliss – by Justin Vaughn

(Justin Vaughn, Editor, Options Trading Report) After a sizzling first four days last week, with the indices blazing new records, Friday took a breather, easing back. The Dow Jones Industrial Average and the S&P 500 had nice gains for the week rising 2% and 2.3% respectfully. The Nasdaq Composite surged with the heavy tech index up 2.9% as the magnificent seven and ‘tag-alongs’ were actively strong. As Mike Bailey, director of research at FBB Capital … Read more…