SPY continues to frustrate the herd expecting a pullback. SPY shorts are beginning to cover in the latest Commitment of Traders report. SPY looks technically overbought but this can continue. The S&P ETF, SPY, continues to confound many seasoned commentators looking for a late summer sell-off. The market byRead More →
© Reuters. FILE PHOTO: A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton (Reuters) – Exchange operator Nasdaq Inc reported a better-than-expected quarterly profit on Wednesday, boosted by strength in its trading business asRead More →
Chart created with TradingView Nasdaq 100, DAX 30, Nikkei 225 Forecasts: Neutral The Nasdaq 100 eagerly awaits earnings from Apple, Amazon, Facebook and more German and Euro area GDP data is also due in the week ahead, a key event for the DAX 30 The Nikkei 225 will setRead More →
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 →
Following a $50 million capital raise and reverse merger, digital finance company Diginex’s stock has listed on the Nasdaq exchange under the ticker EQOS. Diginex is “the first Nasdaq-listed company that covers the full virtual currency ecosystem,” Diginex CEO Richard Byworth told Cointelegraph in an interview. “I think thisRead More →
NASDAQ, HANG SENG, NIFTY 50 INDEX OUTLOOK: Nasdaq 100 faces an immediate resistance at the 20-Day SMA (11,170) after a decent rebound “AB=CD” pattern suggests Hong Kong’s Hang Seng Index (HSI) may rise after a heavy-selling week India’s Nifty 50 index looks well supported by its 200-Day SMA atRead More →
Nasdaq:SAVA fell nearly 10% on Tuesday after rising nearly 90% earlier this week. Analysts raised their ratings after SAVA announced positive news about its Alzheimer’s clinical trial. NASDAQ:SAVA retreated Tuesday after nearly doubling in price on Monday, after Wall Street analysts were bullish on the biotech’s Phase 2B clinicalRead More →
Consumer Confidence, Nasdaq 100, COVID – Talking Points. University of Michigan consumer confidence remains suppressed COVID-19 outbreak continues to affect consumers outlook Nasdaq 100 falls after consumer sentiment report The preliminary University of Michigan Consumer Confidence Index traded at 72.8 last Friday morning, compared to expectations of 72.5. FollowingRead More →
NYSEAMERICAN:IBIO falls another 5.13% to end the week in the red. iBio Inc. falls behind competitors in the race for COVID vaccine. NYSE:AMERICAN:IBIO has dropped a further 5.13% during Friday’s trading session, ending the week at $4.44 per share, representing a 17% decrease from the start of the week.Read More →
Source: IG Charts NASDAQ INDEX FUNDAMENTALOUTLOOK: Trading at a 50.4 price-to-earnings (P/E) ratio, Nasdaq’s valuation has reached an inhibitive level Rich valuation amid rising Covid-19 viral risk renders Nasdaq vulnerable to a pullback China’s Shenzhen Composite, trading at 31.9 P/E ratio, is also susceptible to profit-taking Nasdaq Index Outlook:Read More →
U.S. stocks ended higher Friday, with support attributed in part to optimism over a coronavirus treatment as investors attempt to gauge the threat to the economic outlook from a rise in COVID-19 cases. How did benchmarks perform? The Dow Jones Industrial Average DJIA, +1.43% rose 369.21 points, or 1.4%,Read More →
© Reuters. FILE PHOTO: A cup of ‘Luckin Coffee,’ coffee is poured during the company’s IPO at the Nasdaq Market site in New York (Reuters) – Luckin Coffee Inc (O:) disclosed on Tuesday that it received a de-listing notice from the Nasdaq Inc (O:) last week after it failed toRead More →
Chinese Bitcoin (BTC) miner manufacturer Ebang will reportedly be listed on Nasdaq Global Market under the ticker EBON later this week, becoming the second crypto mining company to go public in the United States. According to a report from Chinese crypto news outlet Blockbeats, Ebang will be officially listed onRead More →
© Reuters. By Yasin Ebrahim Investing.com – The Nasdaq surged Friday after hitting an intraday all-time high, as unexpected job gains raised hopes for an economic comeback and prompted investors to raise their bets on big tech. The surged 2.25% to a record high intraday, closing just below its previous all-timeRead More →
© Reuters. By Yasin Ebrahim Investing.com – The Nasdaq closed at record highs Tuesday, led by a surge in shares of Tesla (NASDAQ:) as the electric automaker continued its drive higher following its upbeat results last week showing record deliveries. The S&P 500 rose 1.5% to close at a recordRead More →
U.S. stocks recovered from overnight losses to touch new records midday Wednesday, after remarks by President Trump suggested the U.S. and Iran were refraining from further military action in the aftermath of attacks on U.S. bases overnight in retaliation for last week’s killing of Maj. Gen. Qassem Soleimani by AmericanRead More →
By Lewis Krauskopf (Reuters) – The Nasdaq snapped an 11-day streak of gains on Friday after some late-session weakness, but the S&P 500 and the Dow scratched out record closing highs with slight gains as a year-end rally chugged along. With only two trading days left for the year, theRead More →
2/2 © Reuters. Traders work on the floor at the NYSE in New York 2/2 By Manas Mishra (Reuters) – The Nasdaq breached the 9,000-point mark for the first time and the S&P 500 hit a fresh record high on Thursday, boosted by optimism over U.S.-China trade relations and gainsRead More →
U.S. stock indexes again set records Friday, after encouraging U.S. economic data and optimism about international trade deals helped end the decade’s last full week of trading on a high note. The benchmark S&P 500 index rose for seven of the last eight days and has now risen for fourRead More →
(Reuters) – The S&P 500 and Nasdaq hit record highs at the open on Monday, helped by upbeat data from China and a cooling of U.S.-China trade tensions, while Boeing (NYSE:) slipping on worries over production changes to its grounded 737 jets kept Dow’s gains in check. The Dow JonesRead More →
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. By Arjun Panchadar and Shreyashi Sanyal (Reuters) – The blue-chip Dow Jones index came under pressure from losses in Boeing and Home Depot on Wednesday, while the S&PRead More →
Major U.S. stock-market benchmarks ended Monday’s session at records as investors remained attuned to developments in the U.S.-China trade relationship and cheered a wave of merger activity. How did the major benchmarks fare? The Dow Jones Industrial Average DJIA, +0.68% advanced 190.85 points, or 0.7%, to end at 28,066.47, whileRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Arjun Panchadar (Reuters) – The S&P 500 and the Nasdaq indexes hit record highs on Monday, as a report that the United States and China were nearing a trade truce sparked a rally in Apple andRead More →
U.S. stock indexes opened in record territory Friday, after data on retail sales rebounded to show growth in October and after White House officials again talked up the prospects of a trade deal with China How are the major benchmarks faring? The Dow Jones Industrial Average DJIA, +0.35% rose 96Read More →
Breaking Smith & Wesson to split from corporate parent American Outdoor Brands Corp. American Outdoor Brands Corp. announced Wednesday afternoon that it would split into two companies to separate its gun-manufacturing business and the rest of its products. AOBC plans to spin off its outdoor-products and -accessories business in aRead More →
