Economy

Magnificent 7 stock pullback now looks like a buying opportunity, strategist says

Recent weakness in Magnificant 7 now looks to be an opportunity for investors, given that US equity trends remain bullish in the near term, Fundstrat says.

Goldman Sachs picks best hedges for a rate-shock scenario

The bank said last week's hawkish Federal Open Market Committee meeting has increased uncertainty over the outlook for short-term interest rates.

CNBC Daily Open: U.S. waives Iran sanctions; rotation out of megacap techs

There was a rotation out of big tech that weighed on the S&P and Nasdaq, offsetting news of the U.S. waiving Iran oil sanctions for 60 days.

Oil prices rise as investors continue to watch U.S.-Iran moves, Citi sees 'overhang' disappearing

Oil rises slightly early Tuesday as investors continue to assess the latest developments in the Middle East, while showing optimism the conflict may end soon.

Could the ROAD to Housing Act actually lower home prices? Here's what experts say.

Updated on: June 22, 2026 / 6:50 PM EDT / CBS News

Tuesday's Big Stock Stories: What’s Likely to Move the Market in the Next Trading Session

A sell-off in tech giants and a roughly 5% decline in Alphabet dragged down the S&P 500 and the Nasdaq Composite on Monday.

S&P 500 Futures Decline After Tech Sell-Off Drags Down Broad Market Index; South Korea's Kospi Falls Over 6%: Live Updates

Tech giants tumbled in Monday's regular trading, dragging down the S&P 500 and Nasdaq Composite.

California drivers sue gas stations for allegedly using AI to inflate prices

Firms including BP and 7-Eleven accused of coordinating prices to ‘wring more money from pockets of consumers’

Alan Greenspan, chair of Federal Reserve under 4 U.S. presidents, dies at age 100

Updated on: June 22, 2026 / 5:34 PM EDT / CBS News

Amazon Prime Day Arrives Earlier This Year. Here's Why Wall Street Is Watching Closely

This year could see a major drive to everyday essentials, a growing category for the e-commerce giant's annual shopping event.

Wall Street was once uber bullish on gold. Now it's changing its tune

The June Fed meeting set a hawkish tone. Now, several Wall Street firms don't believe gold will live up to their bullish targets.

Play defense with these dividend payers that consistently buy back their own shares, says Wolfe Research

The firm highlights companies that have at least a 10-year track record of repurchasing shares. Certain names also pay dividends.