HomeFinancial MarketsStocks Falter Amid Signs That Rally is Nearing End

Stocks Falter Amid Signs That Rally is Nearing End

European stocks and U.S. futures weakened on Tuesday amid signs that November’s equity rally appears to be nearing its end. The Stoxx Europe 600 fell by 0.7%, while in the U.S., Nasdaq 100 futures edged 0.1% lower. Contracts listed on the Dow Jones Industrial Average and the Nasdaq 100 remained relatively unchanged.

Citigroup strategists explained that while positive economic data spurred one of the biggest S&P 500 rallies in a century, this rally is slowly drawing to a close, with the index appearing slightly bearish. “US markets seem to be taking a breather post-Thanksgiving so you get a bit of weakness in Europe too,” Kamil Dimmich, partner at North of South Capital in London observed.

Investors now await speeches from Federal Reserve officials on Tuesday as well as another influx of economic data in order to better gauge the direction of the central bank’s interest rate agenda.

Stocks Hold Steady Ahead of Inflation Report

U.S. equities remained largely muted on Tuesday after reaching all-time highs as investors awaited the release of a crucial inflation report. The PCE index,...

Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand

Domino's Pizza reported its financial results for the fourth quarter on Monday, beating Wall Street expectations. Same-store sales rose 2.8% over the quarter, beating...

U.S. Homeowners Remain In Homes Longer Than They Did 20 Years Ago

A study by real estate brokerage Redfin found that U.S. homeowners are remaining in their existing homes for longer than they did 20 years...