Stock Markets This week has seen positive coronavirus-vaccine news, which helped propel the Dow Jones up more than 12% for the month, crossing the 30,000 mark for the first time, and on-track to have the best monthly gain since January 1987. The S&P 500 and Russell 2000 both posted fresh record highs as well. Trading […]
Stocks rose on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news. The S&P 500 gained 0.3% to end the day at 3,638.35, notching a record closing high. The Nasdaq Composite advanced 0.9% to 12,205.85 and also closed at an all-time high. The Dow Jones Industrial Average closed […]
Stocks next week will come off one of their best months ever into a busy week of economic data and the ongoing tensions between the spreading virus and positive news on vaccines and treatments. Another highlight of the week is expected to be Tuesday’s testimony from Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin […]
The Dow Jones Industrial Average was slightly higher in today’s stock market after breaching the 30,000 milestone for the first time earlier this week. The Nasdaq composite led the major indexes higher with a gain of nearly 1%, while the S&P 500 posted modest gains in early morning trading. The market was up in the […]
One day after Americans celebrated the Thanksgiving holiday and markets were closed, stock futures traded cautiously early Friday with Asian stocks mixed over questions about the effectiveness of one possible coronavirus vaccine weighing on investor optimism. Hours before the U.S. market’s opening bell, Dow futures stood at 29,885, up 57 points (+0.19%), while the tech-heavy […]
It might be Thanksgiving Day, but this is a year that feels as if there’s been little for the investment community to be thankful for. Although the widely followed S&P 500 (SNPINDEX:^GSPC) has recouped all of its bear market losses and hit new highs, most businesses are still a long ways away from where they […]
The Bitcoin market crashed overnight, with the price of Bitcoin dropping by 11% in the last 24 hours. Over the last few months, the Bitcoin market has been on a major bull run. Bitcoin’s price increased from $12,900 on October 24, 2020, to over $19,000 just one month later, making people think a new all-time […]
Investors in the U.S. money market are facing a grim year ahead. That’s the vision laid out by JPMorgan Chase & Co. strategists, who predict that the supply of investable assets will shrink by about $300 billion while the amount of cash chasing them has nearly doubled to $3 trillion. A key factor on the […]
There’s no lack of news these days on China’s tech giants teaming up with traditional carmakers. Companies from Alibaba to Huawei are striving to become relevant in the trillion-dollar auto industry, which itself is seeking an electric transition and intelligent upgrade as 5G comes of age. State-owned automaker SAIC Motor, a major player in China, […]
With bitcoin about to touch its record highs of nearly $20,000 for the first time in three years, the world’s largest asset management firm Blackrock is saying that the popular cryptocurrency could one day replace gold. “Do I think it’s a durable mechanism that could take the place of gold to a large extent? Yeah, […]
Wall Street busted through its latest milestone when the Dow Jones Industrial Average topped 30,000 for the first time. The Dow rose 454.97 points Tuesday, or 1.5%, to close at 30,046.24. Investors were encouraged by progress in the development of coronavirus vaccines and news that the transition of power to President-elect Joe Biden is finally […]
Fintech companies are helping fuel demand for bitcoin as they open the floodgates for millions of people to trade it. By one firm’s analysis, PayPal and Square clients have been buying the majority of the new bitcoin supply entering the market each day. Hedge Fund Pantera Capital estimates that Square clients have accounted for 40% […]
