The S&P 500 eked out gains Thursday but stocks closed mostly lower as investors struggled to identify catalysts to drive the market ahead of the unofficial start of the corporate earnings season Friday.
How did the benchmarks fare?
A record $2.45 billion inflow in digital asset products in the week ending Feb. 17, and Bitcoin’s price appreciation, caused the industry’s assets under management to reclaim December 2021 levels at $67.1 billion. Most of the investment happened in the United States...
A move above or below a 200-day moving average — a proxy for changes in an asset’s long-term trend — is always closely watched by traders, but the S&P 500’s long courtship with that key level, as it bounces back from its...
This year has been a wild ride for anyone invested in, or even just watching, the bitcoin market. The world’s most valuable virtual currency in December traded at more than $23,000.
When the U.S. first began grappling with Covid-19...
Asia-Pacific markets mostly fell Thursday, with investors watching tech shares in the region after chipmaker Nvidia reported better-than-expected results.
Nvidia reported a 94% year-on-year surge in revenue for the third quarter to $35.08 billion. However, that is still a consecutive slowdown from the previous three quarters, when sales rose 122%,...
Here are the most important news items that investors need to start their trading day:
1. Stock futures are lower to start August trading
Stock futures are lower Monday, as Wall Street begins...
The expected positive impact from the federal tax overhaul, aimed at boosting corporate profits and stimulating growth, can’t come fast enough, given the inflationary indicators seen within some of the earning reports released this past week.
Margin compression and, in some cases, increased costs from materials and wages adversely impacted...
This year has exposed investors to some of the wildest volatility on record. The unprecedented uncertainty created by the coronavirus pandemic caused the benchmark S&P 500 (SNPINDEX:^GSPC) to lose 34% of its value in only 33 calendar days. For context, it's taken...
Major benchmarks climbed higher after third-quarter earnings reports provided some good news for investors today. The Dow Jones Industrial Average (DJINDICES:^DJI) and the S&P 500 (SNPINDEX:^GSPC) gained about 1%. The healthcare and financial sectors led the market, and growth stocks in the communications services sector also did well....
Wall Street has a lot to worry about — recession and war in Europe, interest rate hikes, sticky inflation, and a softening US economy.
But there’s at least one sector of market euphoria keeping investors optimistic: artificial...
