Reuters. People wearing protective masks after a coronavirus outbreak are reflected on a screen displaying the Nikkei index outside a brokerage firm in Tokyo. By Scott Murdoch and Suzanne Barlyn. HONG KONG/NEW YORK (Reuters) – Asian stocks slipped on Tuesday, refreshing Wall Street’s stronger lead, as China’s post-holiday rallyRead More →
Wall Street is still weighing the implications of the Fed’s most substantial shift in its monetary policy thinking in years. In essence, Federal Reserve Chairman Jerome Powell on Thursday stressed the primacy of the labor market in its mission, even if it means that inflation rose to 2% aboveRead More →
© Reuters. The spread of the coronavirus disease (COVID-19) in New York By Medha Singh (Reuters)-The U.S. stock market rose on Wednesday as data showed that the expansion of the service industry last month intensified optimism, which stemmed from Disney’s surprising quarterly profit and the optimistic performance of multipleRead More →
Major U.S. stock indexes traded higher Monday afternoon, as investors look forward to quarterly results from corporations over the coming days. Investors also focused on positive developments from coronavirus vaccine candidates. How are benchmarks performing? The Dow Jones Industrial Average US:DJIA rose 22 points, or 0.1%, to 26,694, reversingRead More →
Don’t bet on a “wall of cash” to come streaming into the stock market. Equity analysts have touted the $4.7 trillion held in U.S. money-market funds as a proxy for the excess cash held by investors that might make its way into stocks. Some money managers say they have keptRead More →
© Reuters. Traders exit the 11 Wall St. door of the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s three major indexes tumbled on Wednesday as investors weighed the risk to domestic economy from rising coronavirus cases and a worsening forecast of the damageRead More →
Tales of out-of-work 20- and 30-somethings using coronavirus stimulus checks to scoop up stocks on Wall Street with reckless abandon are coming fast and furious, but the reasons behind the recent fervor for investing is, perhaps, far simpler. MarketWatch has written a bit about the rising influence of retail investorsRead More →
© Reuters. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the NYSE in New York By Medha Singh and Devik Jain (Reuters) – Wall Street’s main indexes were set open lowerRead More →
© Reuters. The spread of the coronavirus disease (COVID-19) in New York By Shreyashi Sanyal and Devik Jain (Reuters) – A jump in Boeing shares lifted Wall Street on Wednesday, with investors remaining optimistic about an economic rebound from a coronavirus-led slump amid continuing social unrest in the country. BoeingRead More →
© Reuters. By Yasin Ebrahim Investing.com – Wall Street climbed on Monday, led by real estate and financial stocks as efforts to reopen the economy continued to underpin investor hopes of a quicker recovery in the second half of the year. rose 0.39%, or 98 points, the gained 0.42%, whileRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Noel Randewich (Reuters) – Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week’s steep sell-off.Read More →
U.S. stock market futures rallied from steep initial losses late Sunday, suggesting a pause to the selloff when trading begins Monday, following the worst week on Wall Street since 2008. Dow Jones Industrial Average futures YM00, +0.39% initially fell more than 300 points, but reversed course and were last upRead More →
By Jesse Cohen Investing.com – Tesla (NASDAQ:) shares 17% on Wednesday, derailing a historic rally after a senior executive said the would delay deliveries of its Model 3 cars initially scheduled for early February. Tesla (NASDAQ:) stock down was down as much as 20% during intraday trading Wednesday, which wouldRead More →
© Reuters. By Geoffrey Smith Investing.com — U.S. stock markets pared early losses on Thursday after pockets of strength in U.S. corporate results help restrain fears about the spread of the coronavirus and its impact on the world economy. By 10:25 AM ET (1525 GMT), the was down 89 pointsRead More →
Advanced Micro Devices Inc. shares declined in the extended session Tuesday after the chip maker’s outlook fell below Wall Street estimates and data-center sales did not come in as well as expected. AMD AMD, +2.58% shares declined 2% after hours, following a 2.6% rise in the regular session to closeRead More →
© Reuters. By Kim Khan Investing.com – The FAANG stocks were predictably struggling Monday as money flew out from risk assets. The tech stalwarts are enjoying high valuations and earnings are coming, with Apple (NASDAQ:), Amazon (NASDAQ:) and Facebook (NASDAQ:) issuing numbers this week and Google parent Alphabet (NASDAQ:) upRead More →
By Sruthi Shankar (Reuters) – Wall Street came under pressure on Friday as investors sold energy, financial and healthcare stocks on mounting fears over the coronavirus outbreak in China, while strong gains for chipmaker Intel limited losses on the main indexes. The U.S. Centers for Disease Control and Prevention saidRead More →
Bloomberg News/Landov Randal Quarles, vice chairman of supervision at the Federal Reserve, outlined his ideas about supervision to the American Bar Association Friday. Wall Street reformers sounded the alarm Friday after the Federal Reserve’s top bank regulator outlined some changes he would like to see in the nuts-and-bolts of howRead More →
© Reuters. Trader works at the New York Stock Exchange NEW YORK (Reuters) – U.S. stocks ended higher on Monday, rebounding from Friday’s losses as investors brushed aside increased tensions in the Middle East, while shares of Alphabet (NASDAQ:) and other internet names gained. The Dow Jones Industrial Average ()Read More →
After getting destroyed by misplaced bets against stocks, Wolf Richter of the popular Wolf Street financial blog, says he’s back at it again. The author of the well-read Wall Street blog says that the U.S. stock market’s recent rally has created what he describes as one of the best setupsRead More →
© Reuters. A trader works at the New York Stock Exchange (Reuters) – U.S. stocks kicked off the first trading day of the year just below record levels on Thursday as fresh stimulus from Beijing to prop up its slowing economy added to the optimism over easing trade tensions andRead More →
U.S. stocks finished Tuesday trade with modest gains on low volumes ahead of the New Year holiday on Wednesday, closing out a banner year for Wall Street. What are major indexes doing? The Dow Jones Industrial Average DJIA, +0.27% closed up 76.30 points or 0.3%, at 28,538.44, while the S&PRead More →
© Reuters. Traders work on the floor of the NYSE in New York By Manas Mishra (Reuters) – Wall Street dipped in thin trading on the last day of the decade as a year-end rally powered by optimism around trade and a brightening global outlook fizzled out, though the S&PRead More →
© Reuters. Wall Street’s record rally loses steam on profit-taking By Manas Mishra (Reuters) – U.S stock indexes slipped from record highs on Monday as investors booked profits on the penultimate day of the decade after optimism over improving U.S.-China trade relations fueled a Wall Street rally this month. WhiteRead More →
© Reuters. Wall Street slips from record levels on profit-taking By Manas Mishra (Reuters) – Wall Street’s major indexes slipped on Monday as investors booked profits on the penultimate day of the decade after improving global sentiment fueled a U.S. market rally this month. The announcement of a Phase 1Read More →
