Stock market news live updates: Stock futures rise ahead of more Fedspeak – Yahoo Finance


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U.S. stocks moved higher Tuesday as investors awaited scheduled remarks from Federal Reserve officials for clues on the U.S. central bank's path forward for interest rates.
The S&P 500 (^GSPC) nudged up 0.4%, while the Dow Jones Industrial Average (^DJI) advanced by 175 points, or about 0.5%. The technology-heavy Nasdaq Composite (^IXIC) added a modest 0.1%.
Wall Street will tune into speaking engagements by Cleveland Federal Reserve President Loretta Mester and St. Louis Fed President James Bullard on Tuesday for any potential hints on monetary policy moves in the coming months.
On Monday, Federal Reserve Bank of San Francisco President Mary Daly said officials may lift the U.S. central bank's key policy rate above 5% if inflation does not ease. Daly also noted that writing off a 75-basis-point hike in December is "premature," and "nothing is off the table."
In commodities markets, oil pared Monday’s losses after plunging to January lows on fears that fresh lockdowns in China and a reported output increase by Saudia Arabia and OPEC may weigh on demand. Energy minister Prince Abdulaziz bin Salman has since refuted the prospect of an increase in production, helping oil climb back from declines. West Texas Intermediate (WTI) crude futures rose to around $81 per barrel after hitting $75 per barrel on Monday.
On the corporate side, shares of Zoom Video Communications (ZM) dropped nearly 8% after the the video-conferencing platform trimmed its annual revenue outlook and projected further challenges posed by waning demand for online meetings.
A steep climb in COVID cases across China has set off a wave of new restrictions for the world's largest economy just weeks after investors cheered the end of aggressive lockdowns in the country.
‘’The specter of COVID is still hovering over the Chinese economy, threatening to cause fresh snarl ups for supply chains and demand for goods,” Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown said in a note Tuesday.
The S&P 500 has started the holiday-shortened Thanksgiving week lower compared to previous years. According to data from Bespoke Investment Group, the Monday of Thanksgiving week has historically seen the index trade slightly lower, with a decline of 0.01%. In years when the index has been down 10% year-to-date or more, like in 2022, performance has been more positive, with an average 0.37% gain.

Alexandra Semenova is a reporter for Yahoo Finance. Follow her on Twitter @alexandraandnyc
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What to watch in markets on Tuesday, November 22, 2022.
(Reuters) -Best Buy Co Inc on Tuesday forecast a smaller drop in annual sales than it had previously estimated, saying it was confident that a ramp up in deals and discounts will bring in more inflation-weary customers during the holiday season. Surging prices have driven down demand for non-essential products this year, forcing Best Buy and other retailers to opt for discounts and promotions to clear excess stock of products such as televisions, laptops and other electronics. Best Buy expects full-year comparable sales to fall about 10%, compared with a previous forecast of a decrease of about 11%.
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
Having a bearish stance has worked nicely in 2022, but as in most walks of life, flexibility is often a key ingredient for success. With this in mind, Morgan Stanley’s Chief U.S. Equity Strategist Mike Wilson thinks having an open mind as 2023 enters the frame is now more important than ever. “After a 12-month period when being stubbornly bearish paid off handsomely, we think we will now enter the final stages of the bear market where two-way risk must be respected,” Wilson said. Not that Wilson
For anyone looking to get ahead in the investing game, following in the footsteps of stock picking legends is an obvious path to follow. Hardly any are more legendary than George Soros, forever known as the ‘man who broke the Bank of England,’ after pocketing a cool billion dollars in one day when betting against the Pound back in 1992. That single act, however, does not define Soros, who has made sound investment decisions throughout his career which bought decades-long returns of 30% to his Qu
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