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November 27, 2021

Wall Street

Covid developments to rule the market once again in the week ahead after Friday’s rout

CNBC
by CNBC029
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 14, 2021. Brendan McDermid | Reuters Uncertainty about a new emerging coronavirus strain could continue to spook markets, just as Friday’s employment......
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Jim Cramer says it’s too early to buy until we find out whether new variant is spreading in the U.S.

CNBC
by CNBC01
CNBC – For more and to sign up click here Friday’s sharp decline for stocks, spurred by concerns over a new Covid-19 variant, is not a buying opportunity, according to CNBC’s Jim Cramer. “We’re going to wake up next week and find one [case] in this country, and I’m not......
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Dow futures plunge 400 points amid fears of new Covid variant found in South Africa

CNBC
by CNBC041
CNBC – For more and to sign up click here A trader works on the floor of the New York Stock Exchange (NYSE) November 8, 2021. Brendan McDermid | Reuters U.S. stock futures dropped in overnight trading on Thursday as investors geared up for a shortened trading day amid renewed......
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The Federal Reserve is likely to become a tougher talking central bank, could end bond program sooner

CNBC
by CNBC043
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell attends the House Financial Services Committee hearing on Capitol Hill in Washington, U.S., September 30, 2021. Al Drago | Reuters Expect more tough talk from the Federal Reserve, as it considers winding down its bond......
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Cathie Wood says her firm is testing a more aggressive strategy that would be ‘ARK on steroids’

CNBC
by CNBC023
CNBC – For more and to sign up click here Catherine Wood, chief executive officer of ARK Investment Management LLC, speaks during the Milken Institute Global Conference in Beverly Hills, California, on Monday, Oct. 18, 2021. Kyle Grillot | Bloomberg | Getty Images This is a breaking news story. Please......
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Not since Americans came home from World War II has inflation run through the economy like it is now

CNBC
by CNBC01
CNBC – For more and to sign up click here Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, U.S. June 3, 2021. Mike Blake | Reuters Not since Americans came home from World War II has inflation percolated through......
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Stock futures are little changed after tech shares continue their sell-off

CNBC
by CNBC056
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) on November 15, 2021 in New York City. Spencer Platt | Getty Images U.S. stock futures were little changed on Tuesday night after tech shares sold off for......
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NYC Mayor-elect Eric Adams considers Goldman Sachs CFO for a key economic role in his administration

CNBC
by CNBC031
CNBC – For more and to sign up click here Mayor of New York City Eric Adams speaks during an interview with Anadolu Agency in Manhattan, New York, United States on November 18, 2021. Yasin Ozturk | Anadolu Agency | Getty Images New York City Mayor-elect Eric Adams is considering......
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Stocks making the biggest moves in the premarket: Best Buy, Zoom Video, Urban Outfitters and more

CNBC
by CNBC024
CNBC – For more and to sign up click here Take a look at some of the biggest movers in the premarket: Best Buy (BBY) – The electronics retailer’s shares tumbled 10.4% in the premarket, after it forecast holiday season comparable sales largely below Wall Street forecasts as it faces......
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Stock futures are mildly lower after rout in tech stocks

CNBC
by CNBC010
CNBC – For more and to sign up click here U.S. stock futures were mildly lower in early morning trading on Tuesday after a tech-focused sell-off spurred by rising bond yields that saw the Nasdaq Composite drop more than 1%. Dow futures shed 33 points. S&P 500 futures and Nasdaq......
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Supply chain, cybersecurity and e-commerce stocks should shine through 2022, top money manager predicts

CNBC
by CNBC060
CNBC – For more and to sign up click here Bryn Mawr Trust’s Jeff Mills is recommending stocks involved in supply chains, cybersecurity and e-commerce because they have “staying power.” He credits the groups’ capacity to insulate investors from the tug-of-war between growth and cyclical stocks. Mills’ first pick focuses......
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Here’s what you need to know about Lael Brainard, Biden’s pick for vice chair at the Fed

CNBC
by CNBC02
CNBC – For more and to sign up click here U.S. Federal Reserve board member Lael Brainard speaks after she was nominated by U.S. President Joe Biden to serve as vice chair of the Federal Reserve, in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in......
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Stock futures rise slightly as market enters holiday-shortened week

CNBC
by CNBC038
CNBC – For more and to sign up click here A trader during the Sweetgreen initial public offering (IPO) in front of the New York Stock Exchange (NYSE) in New York, on Thursday, Nov. 18, 2021. Michael Nagle | Bloomberg | Getty Images Stock futures rose slightly in overnight trading......
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Market is ‘one more bad inflation report’ away from a correction, Wharton’s Jeremy Siegel warns

CNBC
by CNBC040
CNBC – For more and to sign up click here Long-term market bull Jeremy Siegel expects a serious pullback that it isn’t tied to the Covid-19 surge risks. His tipping point: a drastic change in Federal Reserve policy in order to deal with hot inflation. “If the Fed suddenly gets......
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Stocks may be entering an optimal period in the Thanksgiving holiday week

CNBC
by CNBC031
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2021. Brendan McDermid | Reuters If history is a guide, the market should do well in the upcoming Thanksgiving holiday week.......
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Stock futures rise as S&P 500 seeks to score a winning week

CNBC
by CNBC024
CNBC – For more and to sign up click here Stock futures gained early Friday as the S&P 500 aims to post a winning week. Futures on the Dow Jones Industrial Average climbed 124 points. S&P 500 futures and Nasdaq 100 futures gained 0.33% and 0.41%, respectively. The market rally......
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Senators snipe at each other in heated confirmation hearing for Biden bank regulator pick

CNBC
by CNBC045
CNBC – For more and to sign up click here Nominee to be the Comptroller of the Currency Saule Omarova (R) speaks with an aide as she testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on Capitol Hill in Washington, DC, on November 18, 2021.......
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John Malone says there’s a misguided ‘land rush’ in stocks right now akin to late ’90s bubble

CNBC
by CNBC058
CNBC – For more and to sign up click here Liberty Media Chairman John Malone said the sizzling IPO market and soaring equity valuations remind him of the dot-com bubble in the late 1990s. “There’s no question that the equity markets right now are so interested in growth above all other......
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If Biden picks Brainard over Powell for Fed chief, expect an immediate market impact

CNBC
by CNBC051
CNBC – For more and to sign up click here Federal Reserve Chairman Jerome Powell poses for photos with Fed Governor Lael Brainard (L) at the Federal Reserve Bank of Chicago, in Chicago, Illinois, U.S., June 4, 2019. Ann Saphir | Reuters If Lael Brainard is named Federal Reserve chairman,......
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Contrarian call suggests consumers are in trouble this holiday season

CNBC
by CNBC03
CNBC – For more and to sign up click here It may be evidence inflation is meaningfully stretching budgets. According to economic forecaster Lakshman Achuthan, Wall Street is ignoring a striking consumer spending slowdown that will translate into an underwhelming holiday season. “There’s still this narrative that the rebound is......
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