Nick Lazzaro

Pittsburgh

Reporter, Economics and Markets at S&P Global Market Intelligence

Reporter- Economics and Markets for S&P Global Market Intelligence. Views expressed here are my own.

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Articles

Investors price in higher risk for investment-grade credit amid market turmoil

1 week ago | spglobal.com | Nick Lazzaro

US Treasury Secretary Scott Bessent speaks April 23 during the Institute of International Finance Global Outlook Forum at the Willard InterContinental Washington in Washington, DC. Source: Andrew Harnik/Getty Images News via Getty Images. Investors are demanding higher returns for parking their money in investment-grade US corporate debt amid a broader reassessment of market risk stemming from changes to tariff policy that roiled financial markets this month.
Institutional, retail investors shed $27B in US stocks in early April sell-off

3 weeks ago | spglobal.com | Nick Lazzaro

Institutional and retail investors offloaded a combined net of $27 billion in US stocks in early April — much of which was bought by hedge funds, index funds and exchange-traded funds — as financial markets whipsawed after the US introduced a slate of new tariffs but subsequently delayed their enforcement for 90 days.
US consumer discretionary stocks face challenging outlook as tariffs hit

1 month ago | spglobal.com | Nick Lazzaro

The share price increase for O'Reilly Auto Parts, a US automotive parts retailer and service provider, has been among the highest this year in the S&P 500's consumer discretionary sector. Automotive parts retailers make up a small group of S&P 500 consumer discretionary companies whose stocks have weathered an overall downturn in the sector this year. Source: Jakub Porzycki/NurPhoto via Getty Images.
US tariff-induced global stock impact to vary based on rates, negotiations

1 month ago | spglobal.com | Nick Lazzaro

US President Donald Trump holds a chart showing duty rates while announcing new "reciprocal" tariffs during an event at the White House on April 2. The tariff announcement triggered a global stock sell-off the following day.
Investors eye global stocks as fears of slowing US growth mount

1 month ago | spglobal.com | Nick Lazzaro

A stock market trader watches monitors on the trading floor of the Frankfurt Stock Exchange in Germany on March 20, 2025. Amid macroeconomic uncertainty and a recent stock market correction in the US, investors may look to shift capital away from US large-cap stocks and toward other assets such as international equities, with German stocks representing one attractive opportunity.
US corporate debt spread rise likely limited amid broader market volatility

1 month ago | spglobal.com | Nick Lazzaro

Traders work on the floor of the New York Stock Exchange during morning trading March 14, 2025, opening on an upward swing after days of volatility and stock market losses. Corporate bond spreads have risen over the last month amid the uncertain market backdrop, but their upward movement is likely to be limited. Source: Michael M. Santiago/Getty Images News via Getty Images.
Geopolitics, military spending shift supports surging European defense stocks

2 months ago | spglobal.com | Nick Lazzaro

"Trump pressured Europe to fulfill its defense spending promises in his first term, and just over a month into his second term, EU countries are already publicly affirming plans to spend more," Brode said. "In the past, the US tended to fund some international organizations disproportionately. President Trump is insisting on greater reciprocity in the future and reshaping arrangements to reflect that view.
Proposal to end low-value import US tariff exemption may roil e-commerce

2 months ago | spglobal.com | Nick Lazzaro

China-based online retail platforms Shein and Temu held a combined 17% share of the US discount retail market in 2023, according to a Feb. 3 Congressional Research Service report. The companies utilize a direct-to-consumer sales model to ship goods to the US, often with duty-free benefits due to the US de minimis tariff exemption. Source: Ben Montgomery/Getty Images News via Getty Images.
Stretched large-cap stock valuations present midcap opportunity in 2025

Jan 30, 2025 | spglobal.com | Nick Lazzaro

Specialty retailer Williams-Sonoma Inc. is one of the largest companies by market capitalization currently included in the S&P MidCap 400, a benchmark index for midsize companies. Investments in midcap stocks could increasingly provide hedging and diversification opportunities in 2025 amid concerns over historically high large-cap and megacap stock valuations. Source: Kevin Carter/Getty Images News via Getty Images.
Global IPO market shows signs of life in Q4 2024 amid ongoing slump

Jan 27, 2025 | spglobal.com | Nick Lazzaro

Global fourth-quarter initial public offerings reached the highest level in more than a year as a slowdown from 2022 and 2023 stretched into 2024. In the fourth quarter, 382 IPOs were launched worldwide with an aggregate offering amount of $47.66 billion, up about 15% in volume and 97% in value on the quarter, according to the latest S&P Global Market Intelligence data.