European stocks slumped and U.S. stock futures weakened Thursday, with traders in Europe getting their first chance to react to the Federal Reserve’s decision and its cautious outlook on the world’s top economy. The Stoxx Europe 600 SXXP, -0.87% lost 1%, and the major regional indexes, the German DAX DAX, -0.96%, the French CAC 40 […]
General Electric Company (NYSE: GE) has faced a disastrous time in 2020. Despite posting an impressive recovery at the start of 2020, GE shares fell off a cliff into the recession and its prized aviation business came under deep pressure. Even after almost 6 months since the v-bottom of the stock market, GE’s stock has […]
Dow Jones Industrial Average rises 36 points The Dow rose 36.78 points, or 0.1%, to 28,032.38. The S&P 500 slid 0.5% to 3,385.49. The Nasdaq Composite dropped 1.25% to 11,050.47. The S&P 500 and Nasdaq pulled back as shares of major tech companies declined. Traders also digested the latest monetary policy decision from the Federal […]
There may be a changing of the guard underway in financials. The market caps of payment stocks like Visa and MasterCard have eclipsed the value of Wall Street’s biggest banks, even as their balance sheets remain significantly smaller in comparison. Square, Visa, PayPal and MasterCard are collectively worth $1.07 trillion, while the “big six” banks, […]
The technology-led selloff that sent the Nasdaq 100 into a correction over a three-day span has likely run its course, according to JPMorgan Chase & Co.’s Marko Kolanovic. The tech-heavy equity index rose more than 1% for the second straight day, led higher by gains in megacaps that were at the center of last week’s […]
While committed to keeping interest rates low for the next several years, the Federal Reserve still has plenty of work to do as it steers the U.S. economy through the coronavirus pandemic. As central bank officials gather Tuesday and Wednesday for their policy meeting, a number of items are on the agenda, even as the […]
U.S. stock futures rose in early trading Wednesday as investors readied for comments from the Federal Reserve later in the day. Dow futures implied an opening gain of more than 100 points. S&P 500 and Nasdaq 100 futures were also higher. Better-than-expected earnings from FedEx and Adobe after the bell boosted sentiment. FedEx released a […]
SINGAPORE — The coming years could be a “lost decade” for equity returns as companies struggle to grow their earnings, Blackstone’s Executive Vice Chairman, Tony James, told CNBC on Wednesday. James, who’s attending the virtual Singapore Summit, told CNBC’s “Squawk Box Asia” that stock prices may not rise further after becoming fully valued over a […]
U.S. stock futures rose Monday, signaling stocks may start the week on a firm footing after a bout of volatility driven by swings in technology shares. Futures tied to the S&P 500 climbed 1%, while contracts linked to the technology-laden Nasdaq Composite gained 1.3%. The Nasdaq last week suffered its biggest one-week decline since the […]
The stock market’s September pullback was likely the first of many as it follows a “stair-step” playbook that echoes the rally off the financial-crisis low in 2009, one prominent Wall Street bull argued in a Monday note. “The 7% correction in the S&P 500 SPX, +1.27% over the past six trading sessions is likely the first of a […]
What happened Shares of Fastly (NYSE:FSLY) jumped 9.6% on Monday, following news that TikTok owner ByteDance reached an agreement with Oracle (NYSE:ORCL) ahead of President Donald Trump’s deadline. So what The Trump administration demanded that ByteDance sell its U.S.-based TikTok operations, or face a ban in the U.S. “I set a date of around Sept. 15, at which point it’s going […]
Another day, another analyst upgrade for Wells Fargo. The beleaguered bank has steadily won Wall Street support in recent months even as its stock has underperformed peers. Key to most analyst’s hopes is that Wells Fargo (WFC), with a largely new management team in place, will soon stage a comeback after being weighed down by […]
