Hints and tips:
...“You’re locked into a programme which is very, very difficult to get out of,” said Curtis....
...Tech M&A spending fell to a decade low last year, according to data from S&P Global....
...The 20-year average growth rate for earnings is about 10 per cent (according to S&P Indices)....
...The S&P Global purchasing managers’ index tracking new export orders indicated a sharp contraction in August and September across the US, the eurozone and the UK....
...So I was looking at some stats earlier from Jim Reid at Deutsche Bank, who was pointing out that we’ve had 15 weekly gains in the S&P 500 in the last 17 weeks, and it’s the first time that’s happened since...
...The company was founded in 1965 by Curtis Mewbourne, who died last year. He had long insisted it was not for sale....
...“The market and investors are still uncomfortable with oil and gas,” said Curtis. “The companies are not being valued to their assets or what they’re producing.”...
...Wall Street’s benchmark S&P 500 fell 0.7 per cent, with the tech and consumer discretionary sectors the worst performers. The tech-focused Nasdaq Composite declined 1.1 per cent....
...Join Jamie Lee Curtis, Ta-Nehisi Coates, Alice Waters, your favourite FT writers, and more on May 20 in Washington, DC, and online....
...Losses accelerated on Wall Street in the afternoon, as the blue-chip S&P 500 closed 1.1 per cent lower, pulled down by technology stocks. The tech-heavy Nasdaq Composite lost 1.3 per cent....
...The benchmark S&P 500 fell 0.6 per cent, reversing its gains from the previous session....
...Jim Reid, managing director at Deutsche Bank said “the main focus of the Fed tomorrow will be on whether they give any hints of forward guidance at all”....
...The S&P 500 and Nasdaq Composite both finished at their highest levels since August 2022. Read more on the possible compromise. 3....
...US stock futures indicated a further 0.2 per cent rise on Thursday for both the S&P 500 and the tech-heavy Nasdaq 100....
...“The market doesn’t believe the Fed, with a pricing disconnect now opening up,” wrote Jim Reid, head of global fundamental credit strategy at Deutsche Bank....
...The fact that even this has cracked shows the deep trouble the UK market is in at the moment,” said Jim Reid, a strategist at Deutsche Bank....
...Wall Street’s S&P 500 recouped morning losses to close the day 0.1 per cent higher, while the tech heavy Nasdaq Composite was flat....
...Equity markets, which have been largely buoyant since October, sank, with the S&P 500 and the Nasdaq Composite on Thursday suffering their biggest daily losses of the month....
...The S&P 500 is up 11.8 per cent since then through today’s close . . . It is back slightly above its 200-day moving average....
...The rise in yields of long-term bonds suggests investors are “now worried that the BoE may not be acting quickly enough to control inflation”, said Jim Reid, a strategist at Deutsche Bank....
...The benchmark S&P 500 index advanced 1.1 per cent while the technology-heavy Nasdaq Composite added 0.9 per cent....
...The “good” news is that Reid doesn’t think creditpocalypse is already upon us, as some have fretted....
...The S&P 500 closed 3.1 per cent higher yesterday, taking its gains last month to 5.4 per cent, while the Nasdaq Composite index added 4.4 per cent on the day....
...Jonathan Curtis, co-manager of Franklin Templeton’s $7.4bn Technology Fund, said the tech sector was still trading at a premium to the US equity market but this was justified by its superior fundamentals...
...“We just implemented [a new screen] in the last two months,” Reid Steadman, global head of ESG and innovation, noted. “Views of sustainability are evolving.”...
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