Small caps have been all the craze on Wall Street over the past two months. In fact, according to Bank of America’s latest fund manager’s survey, investors haven’t been this bullish on small caps in almost three years. The survey conducted from Jan. 5 – Jan. 11 revealed investors see large cap companies underperforming small cap […]
Tag: trading
US stocks fall at start four-day trading week
Small caps have been all the craze on Wall Street over the past two months. In fact, according to Bank of America’s latest fund manager’s survey, investors haven’t been this bullish on small caps in almost three years. The survey conducted from Jan. 5 – Jan. 11 revealed investors see large cap companies underperforming small cap […]
US stocks open lower to start four-day trading week
US stocks retreated on Tuesday, with investors still focused on the path of interest rates after a lackluster start to earnings season that kicked off with big bank results. Dow Jones Industrial Average (^DJI) dropped 0.4%, while S&P 500 (^GSPC) shed 0.5%. The tech-heavy Nasdaq (^IXIC) fell roughly 0.5%. All three major indexes closed Friday […]
Alibaba Trading at Half Hong Kong Utility’s Valuation After Drop
(Bloomberg) — The years-long rout in shares of Alibaba Group Holding Ltd. amid regulatory crackdowns and weak consumption has left the Chinese e-commerce giant trading at just half the valuation of venerable utility CLP Holdings Ltd. Most Read from Bloomberg Alibaba’s valuation almost halved in the past year, after it was hit by sluggish domestic […]
Spot bitcoin ETFs to start trading in big boost to crypto industry
By Manya Saini and Niket Nishant (Reuters) – Several exchange-traded funds (ETFs) tied to the spot price of bitcoin will start trading in the U.S. on Thursday before the bell in a landmark moment for the cryptocurrency industry that has been demanding regulatory approval for more than a decade. The green light from the U.S. […]
CBOE filings show spot bitcoin ETFs slated to begin trading on Thursday
(Reuters) -Multiple issuers’ spot bitcoin exchange-traded funds (ETFs) are slated to begin trading on Thursday, according to notices posted on CBOE’s website on Wednesday. Among the ETFs listed for trading were Ark/21Shares Bitcoin ETF, Franklin Templeton Bitcoin ETF, WisdomTree Bitcoin Fund and Invesco/Galaxy Bitcoin ETF, according to filings. It was not immediately clear if the […]
Shell Sees Significant Boost to Fourth-Quarter Gas Trading
(Bloomberg) — Shell Plc said earnings from gas trading would be significantly higher in the fourth quarter, but profits from buying and selling oil products and chemicals will be lower. Most Read from Bloomberg The London-based major said it benefited from seasonal shifts in the gas market and higher production of liquefied form of the […]
Nancy Pelosi disclosed a 7-figure bet on NVIDIA over the Christmas holidays — despite recent efforts to ‘permanently ban’ lawmakers from trading stocks
‘A deceptive tactic’: Nancy Pelosi disclosed a 7-figure bet on NVIDIA over the Christmas holidays — despite recent efforts to ‘permanently ban’ lawmakers from trading stocks Rep. Nancy Pelosi (D-CA) and her venture capitalist husband reportedly bet millions on technology giant Nvidia (NVDA) late last year — despite immense scrutiny and backlash against congressional stock […]
Asian markets are mixed on the first trading day of 2024
Asian markets were mostly lower Tuesday following the release of data showing more signs of weakness in the Chinese manufacturing and property sectors. U.S. futures were higher and oil prices gained more than $1 a barrel. Japan’s markets were closed for a holiday. The Hang Seng index in Hong Kong sank 1.5% to 16,788.55 and […]
December jobs report headlines first week of 2024 trading: What to know
Stocks finished 2023 on a historic winning streak. The S&P 500 (^GSPC) enters the new year having risen for nine-straight weeks, the longest consecutive run of weekly gains since 2004. The first week of trading in 2024 will instantly put the rally to the test with a crucial December jobs report slated for release on […]
Asian shares advance in holiday-thinned trading. European markets closed
Shares advanced in Asia on Tuesday in holiday-thinned trading, while European markets remained closed for holidays. The future for the S&P 500 was 0.2% higher and that for the Dow Jones Industrial Average added 0.1%. Oil prices edged higher. Shanghai’s benchmark led losses in Asia on heavy selling of technology and computer chip-related shares as […]
Stock Futures Rise, Dollar Weakens in Thin Trading: Markets Wrap
(Bloomberg) — US equity futures edged higher while the dollar extended losses as trading resumed after the Christmas holiday amid investor expectations for earlier and deep interest rate cuts next year. Most Read from Bloomberg Stocks in Asia were mixed in a thin trading session with markets including Hong Kong, New Zealand and Australia shut. […]