Dow Jones Industrial Average falls 361 points The Dow dropped 361.19 points, or 1.39%, to 25,706.09. The S&P 500 slid 0.56% to 3,152.05. The Nasdaq Composite rose 0.53% to close at 10,547.75. Record hospitalizations in Florida Stocks hit their lows of the day after Florida reported a record in coronavirus-related hospitalizations. The state also reported a record spike in Covid deaths. […]
A Reddit user on the site’s “WallStreetBets” forum claimed they turned $35,000 into $1.25 million during the throes of the pandemic.“I cracked the 7-figure mark, and then some,” the trader said in a post published on Wednesday. Going by the username mori226, the anonymous trader claimed to have had an “insane wild ride” through 350 […]
Gold is traditionally thought of as a haven asset — a safe port in a storm. But that hasn’t stopped it from rising to a near nine-year high, and within striking distance of its record, even as equities and other assets traditionally viewed as risky remain buoyant as they rebound from the pandemic-inspired selloff suffered […]
The stock market has done well lately, but Thursday morning brought a quick reversal to its recent gains. New data showed that first-time claims for unemployment benefits remained at elevated levels, with this week’s 1.31 million number extending a streak of more than 1 million claims every single week since mid-March. Just after 11 a.m. […]
Dow Jones Industrial Average rises 177 points The Dow gained 177.10 points, or 0.68%, to close at 26,067.28. The S&P 500 climbed 0.78% to 3,169.9. The Nasdaq Composite notched another record close, rising 1.44% to 10,492.50. Gains in major tech companies helped the major averages regain some of the losses from Tuesday’s session. Another strong day for tech Microsoft shares rose 2.20% […]
The stock market rebounded on Wednesday, fighting back against coronavirus fears and instead focusing on the potential for economic recovery across the globe. The Dow Jones Industrial Average and S&P 500 traded lower for a few moments during the day, but by the end, they joined the Nasdaq Composite with gains of as much as 1%. Today’s stock market Many of […]
Lockheed Martin (LMT) closed the most recent trading day at $350.23, moving -0.86% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.78%. Elsewhere, the Dow gained 0.68%, while the tech-heavy Nasdaq added 1.44%. Coming into today, shares of the aerospace and defense company had lost 13.53% in the past […]
Don’t believe the hype that markets have baked in a V-shaped recovery. Analysts at Morgan Stanley note the sharp run-up in stock and corporate bond markets worldwide since March has led many to conclude that over-optimistic investors have already priced in a swift recovery from the coronavirus-driven recession. But in a Wednesday note, they argue […]
It’s the most bearish of the stock market sentiment indicators these days: the equity put/call ratio when looked at from a monthly standpoint. This is the one that demonstrates in one quick look the difference between the number of puts purchased on stocks and the number of calls purchased. You don’t need an MBA from […]
Wintermute, an algorithmic liquidity provider, has received a $2.8 million investment from the prominent early-stage firm Lightspeed Venture Partners. The London-based firm distributes liquidity with techniques similar to those used in high-frequency trading and traditional market making.Founded in 2017, Wintermute provides liquidity on more than 500 spot trading pairs, on dYdX perpetual swaps and a […]
U.S. stock futures rose Wednesday, following weakness in equities in the previous session. Dow Jones Industrial Average futures traded 37 points higher, or 0.1%. S&P 500 futures gained 0.2% and Nasdaq-100 futures climbed 0.4%. Shares of Apple and Amazon gained 0.9% each in the premarket to lead the early advance. Netflix and Alphabet traded higher […]
1. Wall Street set for steady open after sell-off U.S. stock futures were pointing to a steady open Wednesday, one day after Wall Street’s sell-off that saw the Dow Jones Industrial Average break its two-session winning streak with a nearly 400 point, or 1.5%, decline. The S&P 500 and Nasdaq saw their five-session winning streaks end with roughly 1% declines. The Nasdaq’s slip followed Monday’s […]
