The S&P 500‘s return to an all-time high confirms the market entered a bull market. With this recent realization, downturns are likely not on the minds of most investors at this moment. However, due to the cyclical state of markets, investors should expect another bear market at some point and have a plan to deal […]
(Bloomberg) — China stock traders are unwinding their margin debt rapidly, underscoring how a prolonged selloff may be leading to some forced share liquidation. Most Read from Bloomberg The outstanding amount of margin debt balance in mainland bourses fell by 2% on Friday to 1.46 trillion yuan ($203 billion), its biggest decline since June 2018. […]
A look at the day ahead in European and global markets from Ankur Banerjee A sizzling U.S. jobs report and an interview with Federal Reserve Chair Jerome Powell have quashed any lingering expectations of early rate cuts by the Fed, triggering a broad-based stock sell-off in Asia and leading bond yields higher. In an interview […]
US stocks opened higher on Thursday after the worst sell-off in months on Wall Street, as investors recalibrated their timeline for rate cuts from the Federal Reserve and prepared for a heavy-hitting round of megacap tech earnings. The benchmark S&P 500 (^GSPC) rose 0.4%, while the blue-chip Dow Jones Industrial Average (^DJI) gained 0.2%. The […]
(Reuters) – U.S. stock index futures rose on Thursday, following a Wall Street selloff in the previous session as the Federal Reserve dashed hopes for early interest rate cuts, with the focus moving to economic data and Big Tech earnings scheduled for later in the day. The S&P 500 and the tech-laden Nasdaq on Wednesday […]
Intel CEO Pat Gelsinger‘s message to investors dumping the stock after a tepid first quarter outlook: stay the course — the turnaround that gained steam in 2023 hasn’t stalled. “It’s an overreaction,” Gelsinger said on Yahoo Finance Live of the sharp market reaction on Friday to Intel’s disappointing first quarter guidance the night before. Shares […]
Cathie Wood has an investing strategy. So it’s no surprise that as Tesla (TSLA) suffered its worst percentage loss in just over a year, Wood’s Ark Invest bought up TSLA stock. X Ark Invest’s Ark Innovation ETF (ARKK) bought 148,246 Tesla shares on Thursday, while Ark Next Generation Internet ETF (ARKW) added 29,624 shares. The […]
(Bloomberg) — The value of China’s stock market has never been this far behind that of the US, as the losses continue to pile up in a seemingly relentless equity rout. Most Read from Bloomberg The market capitalization of the US stock market is now $38 trillion greater than that of Hong Kong and China […]
The stock market has cooled a bit since the calendar turned over to 2024, but last year ended with a bang. Thanks to a year-end rally, the S&P 500 ended the year up 24%, and the Nasdaq gained 43%. These results made investors feel good but also drove up some great companies’ valuations. The price […]
(Bloomberg) — Chinese stocks in Hong Kong slumped further Monday toward their lowest level in almost two decades, as an absence of fresh economic stimulus and market support measures deepened investor pessimism. Most Read from Bloomberg The Hang Seng China Enterprises Index fell as much as 2.2%, edging closer to a level unseen since 2005 […]
The S&P 500 index ended 2023 with a monster rally. It soared 16% between late October and the end of December, coming within inches of a new all-time high. But the index opened 2024 with a little volatility and has given back a fraction of those gains. One Wall Street analyst, Fundstrat’s Tom Lee, thinks […]
(Bloomberg) — Chinese stocks just capped another dismal week, with a gauge of mainland firms listed in Hong Kong languishing at the bottom of global equity index rankings for the year so far. Most Read from Bloomberg Grim milestones have kept piling up in recent days: Tokyo has overtaken Shanghai as Asia’s biggest equity market, […]