NASDAQ:WKHS falls 2.54% as the broader market selloff hits the electric vehicle sector hard. Workhorse receives voucher eligibility to the NYTVIP for its C-Series trucks. Workhorse Group shares have fallen off since being targeted by a short-seller report. NASDAQ:WKHS has fallen nearly 30% since its mid-September peak amidst variousRead More →
On May 24, the price of Bitcoin (BTC) dropped to $8,800 from $9,300. In the next 24 hours, it declined to as low as $8,600, leaving the top ranked digital asset on CoinMarketCap at risk of a bigger pullback. The initial drop of Bitcoin below $9,000 coincided with a massiveRead More →
The S&P 500 index flirted with a full-blown market correction Thursday, a move that would mark its fastest such slide since the financial crisis. The S&P 500 SPX, -2.22% was off around 64 points, or 2%, near 3,053 after trading as low as 3.006.96. A close below 3,047.54 would markRead More →
‘We suspect the first correction since October has begun…but will be contained to 5% or less for the S&P 500 as liquidity remains flush…’ Michael Wilson Michael Wilson, Morgan Stanley’s chief U.S. equity strategist, says the first major stock market pullback since October may be under way. The strategist, inRead More →
Stock market investors could be setting themselves up for a nasty fall. That’s according to Mark Newton, a popular independent market technician, in a Friday note to clients. “US stocks have moved up at a clip that’s eerily reminiscent of January 2018,” he wrote. “No news really matters to shakeRead More →
Investors won’t wait until Election Day to voice their displeasure at higher taxes and stricter regulations being proposed by Democratic nominees for President. That’s because the contours of the 2020 presidential election will come into sharp focus by the end of the first quarter of next year, Lori Calvasina, headRead More →
U.S. stocks finished mostly lower Monday, with Nasdaq closing in correction territory, as the government stepped up scrutiny of technology giants for possible violations of antitrust law. The selloff in tech names comes as the yield on a key bond benchmark fell to a 20-month low, deepening a yield-curve inversionRead More →
U.S. stocks followed up their impressive first quarter with another month of healthy gains in April, but the returns so far have many investors wondering how long the party can last. Tony Dwyer, equity strategist at Canaccord Genuity, weighed in on the question in a Tuesday research note, writing that,Read More →
