The Latest Breaking News on Markets

The big early 2023 bull rally for the S&P 500 (SPY) is now officially over. What comes next? How best to trade this more difficult environment? And what are the best picks for the months ahead? Steve Reitmeister answers those questions and more as you read on below.

The S&P 500 undercut its 50-day the first time since March. Target and 3 IPOs jumped on earnings. Tesla continued a wave of price cuts and discounts.

Stocks worldwide are falling as China’s faltering recovery raises worries for the rest of the global economy

The Dow Jones dropped 200 points Tuesday on weak economic data out of China. U.S. retail sales data easily beat estimates.

Dow Jones futures were little changed late Monday. Tesla stock skidded further below its 50-day line after the EV giant restarted an EV price war in China.

The Dow Jones was firm as Apple stock rose. Big Short investor Michael Burry placed some new bets. Tesla stock fell on new price cuts.

To place this trade, a trader could first sell the 350 call, then buy the 355 call.

The stock market strengthened with the major indexes now showing positive results. Micron and Nvidia reverse their latest trends for a gain.

While the inflation has steadily cooled over the past year, getting it down to the Fed’s target rate will be the toughest mile, risking holding rates steady next month. Given this backdrop, it could be wise to buy best intermediate-term bond ETFs First Trust Low Duration (LMBS), iShares Core 1-5…