Stocks cut gains as oil tops $100 per barrel

The consumer price index rose 8.5% in March from a year ago, according to a new Labor Department report released Tuesday, marking the fastest increase since January 1982, when inflation hit 8.4%. The CPI — which measures a bevy of goods ranging from gasoline and health care to groceries and rents — jumped 1.2% in the one-month period from January.

U.S. stocks were choppy, moving between negative and positive territory early Tuesday, April 12, 2022, as investors grew anxious over a new COVID-19 outbreak in China, the war in Ukraine and Federal Reserve plans to tighten monetary policy. In stocks, Apple could boost its dividend by 10%, according to the team at Citi, which also notes it may authorize a $90 billion stock buyback.

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China nudges listed firms, investors to buy stocks to stabilise marketChina is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise a stock market rocked by a worsening COVID-19 outbreak.
Source: Reuters - 🏆 2. / 97 Read more »

Why Stocks Are Rallying in the Midst of a War and Soaring InflationIn the midst of a war and soaring inflation, the S&P 500 has rebounded 7.6% from its 2022 low on March 8, cutting its losses for the year to about 6%. Institutional algos selling all rallies They’ve got to work on alignment. Messy. This is one of the dumbest article I’ve ever read, how is the S&P 500 being -6% in 2022 classified as a rally? Stupid waste of time article.
Source: WSJ - 🏆 98. / 63 Read more »