Last year was a great one for the stock market overall. The S&P 500 rallied more than 24% and closed near its all-time high. Meanwhile, the tech-heavy Nasdaq was up even more. However, there were some notable underperformers in 2023. Dividend stocks, in particular, were weaker last year, weighed down by rising interest rates and […]
Tag: Bounce
Can the Much-Maligned Alibaba Stock (NYSE:BABA) Bounce Back in 2024?
While the stock market enjoyed a banner year in 2023, Alibaba (NYSE:BABA) didn’t join the festivities. But the much-maligned stock could be ready to bounce back in 2024. Over the last few years, it has been a long, hard road for the Chinese mega-cap stock and its shareholders. Its underperformance continued something of a trend; […]
US FDA approvals bounce back in 2023, sparking hopes of a biotech recovery
By Manas Mishra and Pratik Jain (Reuters) – The U.S. Food and Drug Administration approved nearly 50% more novel drugs in 2023 than in 2022, putting it back on pace with historical levels, an improvement analysts and investors said could lead to increased investment in biotech firms. FDA nods for innovative therapies containing an active […]
US FDA approvals bounce back in 2023, sparking hopes of a biotech recovery
By Manas Mishra and Pratik Jain (Reuters) – The U.S. Food and Drug Administration approved nearly 50% more novel drugs in 2023 than in 2022, putting it back on pace with historical levels, an improvement analysts and investors said could lead to increased investment in biotech firms. FDA nods for innovative therapies containing an active […]
US stocks bounce back from worst day in months
US stocks climbed on Thursday, headed for a rebound from their worst daily sell-off in months as nerves settled and the prospect of interest-rate cuts buoyed spirits again. S&P 500 (^GSPC) popped about 0.8%, staging a comeback from the biggest single-day loss since October. The Dow Jones Industrial Average (^DJI) rose 0.7%, while the teach-heavy […]
US futures bounce back from worst day in months
US stock futures climbed on Thursday, headed for a rebound from their worst daily sell-off in three months as nerves settled and the prospect of interest-rate cuts buoyed spirits again. S&P 500 (^GSPC) futures popped roughly 0.5%, pointing to a comeback from the benchmark index’s biggest single-day loss since October. Futures on the Dow Jones […]
3 Stocks Near Multiyear Lows That Could Bounce Back in 2024
Analyst looking at charts. When a company underperforms, the markets sometimes have a tendency to overreact. An earnings miss or a guidance cut can at times be enough to lead to a significant sell-off, even if the underlying business remains a sound investment. Heading into 2024, there are three struggling stocks that are in negative […]