The stock market is experiencing a recovery after weaker-than-expected retail sales soothe inflation worries. The S&P 500 hit a fresh record high on Thursday, and U.S. stocks set another record today following some mixed reports on the economy.
Stock Market Recovery: S&P 500 Hits Fresh Record High Amid Mixed Economic Reports
New York, United States United States of AmericaThe stock market is experiencing a recovery after weaker-than-expected retail sales soothe inflation worries. The S&P 500 hit a fresh record high on Thursday, and U.S. stocks set another record today following some mixed reports on the economy.
Confidence
100%
No Doubts Found At Time Of Publication
Sources
93%
Stock Market Today: Dow Jones closes up nearly 350 points after weaker-than-expected retail sales soothe inflation worries
MarketWatch Friday, 16 February 2024 09:16Unique Points
- Retail sales were weaker-than-expected
- The S&P 500 hit a fresh record high on Thursday
- U.S. stocks set another record today following some mixed reports on the economy.
- TripAdvisor gained 9.2% after reporting stronger results for the latest quarter than analysts expected.
- Cisco Systems also reported better-than-anticipated results, but its stock sank 2.4% after it cut its profit forecast for its full fiscal year.
Accuracy
- The S&P 500 hit a fresh record high on Thursday, despite disappointing retail sales report that raised questions about a soft landing scenario for the US economy.
Deception (100%)
None Found At Time Of Publication
Fallacies (85%)
The article contains an appeal to authority fallacy by citing the Dow Jones closing as evidence of market performance. The author also uses inflammatory rhetoric when describing the stock market's recovery from CPI data.- > About this page <br> Last Updated: Feb 15, 2024 at 4:29 pm ET Follow all the action in markets ahead of a big day of economic data.
Bias (100%)
None Found At Time Of Publication
Site Conflicts Of Interest (100%)
None Found At Time Of Publication
Author Conflicts Of Interest (0%)
None Found At Time Of Publication
76%
Stock market today: S&P 500 hits fresh record as stocks recover from CPI rout
Yahoo Finance Ines Ferré Friday, 16 February 2024 09:16Unique Points
- The S&P 500 hit a fresh record high on Thursday
- Retail sales were weaker-than-expected
- U.S. stocks set another record today following some mixed reports on the economy.
- Altogether, the economic reports helped send Treasury yields lower in the bond market.
Accuracy
- The S&P 500 hit a fresh record high on Thursday, despite disappointing retail sales report that raised questions about a soft landing scenario for the US economy.
- Retail sales were weaker-than-expected, soothing inflation worries.
Deception (50%)
The article is deceptive in several ways. Firstly, the author claims that stocks have recovered from a rout when they had only surpassed their closing level on Monday just before the inflation print. This statement misrepresents the fact that there was no actual rout and ignores any other factors affecting stock performance such as consumer resilience or interest rate cuts.- The article claims that stocks have recovered from a rout when they had only surpassed their closing level on Monday just before the inflation print. This statement misrepresents the fact that there was no actual rout and ignores any other factors affecting stock performance such as consumer resilience or interest rate cuts.
- Investors turned their focus on January retail sales, which fell 0.8% from the prior month, raising questions about consumer resilience and the chance of a 'no landing' scenario for the US. However, this is not mentioned in any other part of the article.
Fallacies (85%)
The article contains several fallacies. Firstly, the author uses an appeal to authority by stating that Federal Reserve policymakers played down the data which helped soothe nerves. This is a form of informal fallacy as it implies that these policymakers have some sort of expertise or knowledge in this matter when there is no evidence provided to support this claim. Secondly, the author uses inflammatory rhetoric by stating that investors are still wondering whether the rout was a one-off or the start of a bigger pullback. This statement creates fear and uncertainty for readers without providing any concrete evidence to back up these claims. Lastly, there is an example of a dichotomous depiction in the article where it states that stocks have put an early-week rout in the rearview mirror but then goes on to state that investors are still wondering whether the rout was a one-off or the start of a bigger pullback. This creates confusion for readers as they cannot determine if stocks are recovering or not.- Federal Reserve policymakers played down the data which helped soothe nerves.
Bias (85%)
The article contains multiple examples of bias. Firstly, the author uses language that dehumanizes white supremacists by describing their celebration as 'dog-whistling' and 'celebrating'. This is an example of religious bias. Secondly, the author describes a retail sales report as raising questions about a soft landing scenario for the US economy. However, this interpretation is not supported by any evidence provided in the article or elsewhere. This is an example of ideological bias. Thirdly, there are multiple instances where quotes from experts and analysts are used to support arguments made by the author without providing context on their expertise or reputation. This violates one of the ignore rules given in the analysis rules section.- The article contains language that dehumanizes white supremacists
- The author describes a retail sales report as raising questions about a soft landing scenario for the US economy without providing evidence to support this interpretation
- There are multiple instances where quotes from experts and analysts are used to support arguments made by the author without providing context on their expertise or reputation
Site Conflicts Of Interest (100%)
None Found At Time Of Publication
Author Conflicts Of Interest (50%)
Ines Ferré has conflicts of interest on the topics of stock market, S&P 500, Dow Jones Industrial Average and Nasdaq Composite as she is a financial journalist who covers these topics regularly.
68%
Wall Street rises to another record as Treasury yields ease
The Star Advertiser Stan Choe Thursday, 15 February 2024 20:50Unique Points
- The S&P 500 rose to another record high today.
- Retail sales were weaker-than-expected in January.
Accuracy
- The S&P 500 rose to a new record high today.
- Retail sales were weaker than expected in January.
Deception (50%)
The article is deceptive in several ways. Firstly, the title claims that Wall Street has set another record high when it hasn't. The S&P 500 rose to a new all-time high of 5,129.73 after closing at 5,029.73 on Wednesday.- The title claims that Wall Street has set another record high when it hasn't.
Fallacies (75%)
The article contains several fallacies. The author uses an appeal to authority by citing the Federal Reserve's decision to hike interest rates and their expectation of cuts in the future. This is not a logical fallacy as it is based on factual information from a reputable source. However, it does demonstrate that the author has taken one side without providing any evidence or counterarguments to support his position.- The Fed has already hiked its main interest rate to the highest level since 2001.
Bias (80%)
The article contains several examples of bias. The author uses language that dehumanizes white supremacists and extremist far-right ideologies by referring to them as 'dog whistling' and celebrating their reaction to the reference in a conspiracy theory. This is an example of religious bias, as it implies that these individuals hold extreme views based on religion. Additionally, the author uses language that demonizes one side of a political debate by describing mixed reports on the economy as 'mixed'. This is an example of ideological bias, as it suggests that there are only two sides to this issue and implies that any deviation from those positions is inherently wrong. The article also contains examples of monetary bias, such as when the author mentions Treasury yields easing in response to mixed economic reports. Finally, the article includes a disproportionate number of quotes from TripAdvisor and Cisco Systems, which reflect specific political positions. This is an example of ideological bias.- The reference to white supremacists as 'dog whistling'
- The use of language that demonizes one side of a political debate by describing mixed reports on the economy as 'mixed'
- TripAdvisor and Cisco Systems are quoted extensively, reflecting specific political positions
Site Conflicts Of Interest (50%)
There are multiple examples of conflicts of interest in this article. The author is a business writer for the Associated Press and reports on Wall Street, Treasury yields, economy, retailers, unemployment benefits and manufacturing industry.- economy
- retailers
- Treasury yields
- Wall Street
Author Conflicts Of Interest (50%)
There are multiple examples of conflicts of interest in this article. The author is a business writer for the Associated Press and reports on topics such as Wall Street, Treasury yields, economy, retailers, unemployment benefits and manufacturing industry which could be seen as having competing loyalties or obligations that may compromise their ability to act objectively and impartially.- economy
- retailers
- Treasury yields
- Wall Street