Stocks fell on Wednesday, dialing back earlier gains as investors continued to digest the latest U.S. inflation data. The Dow Jones Industrial Average fell 326.63 points to 31,834.11, or 1.02%. The S&P 500 slipped 1.65% to 3,935.18, and the Nasdaq Composite dropped 3.18% to close at 11,364.24. During the trading session, the S&P 500 touched […]
Oil giant Saudi Aramco on Wednesday surpassed Apple as the world’s most valuable firm. Aramco’s market valuation was just under $2.43 trillion on Wednesday, according to FactSet, which converted its market cap to dollars. Apple, which fell more than 5% during trading in the U.S. on Wednesday, is now worth $2.37 trillion. Energy stocks and […]
Stock futures were higher in early morning trading Wednesday ahead of a key inflation reading. Futures on the Dow Jones Industrial Average rose 79 points, or 0.25%. S&P 500 futures were 0.34% higher and Nasdaq 100 futures gained 0.71%. The moves come after the Dow fell for a fourth consecutive day Tuesday in a volatile […]
Global stocks have endured a bruising week, and a difficult year so far, but some strategists believe the recent sell-off is unlikely to pave the way for a market capitulation. The S&P 500 closed Monday’s trade down more than 16% since the beginning of the year, and almost 12% in the second quarter alone. The […]
Soaring inflation, interest rate hikes and the war in Ukraine have sparked ongoing stock market volatility. But there may be a bright spot: the chance to save money on a Roth conversion. The strategy allows higher earners to sidestep the earnings limits for Roth individual retirement account contributions, capped at $144,000 modified adjusted gross income […]
SoFi’s first-quarter earnings results were accidentally leaked ahead of schedule. First-quarter earnings results for the one-stop financial services provider SoFi Technologies (SOFI -12.06%) were accidentally leaked early today, prompting the stock to fall more than 18% before trading was halted. SoFi reported a net loss per share of $0.14 on total revenue of roughly $330.4 million. Earnings were in […]
Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode. That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last six months when the price of bitcoin peaked at […]
Bitcoin (BTC) set a new record low price for 2022 on May 9 as crypto markets continued selling off prior to the Wall Street opening. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price sinks under $36,700 Data from Cointelegraph Markets Pro and TradingView confirmed the firmly bearish achievement for BTC/USD, which hit $32,637 on Bitstamp. With the latest […]
The stock market may not literally be the economy, but the distinction between the two is getting increasingly harder to draw. With household ownership of stocks scaling new heights and the destiny of companies — particularly in the innovative tech sector — tied to their share prices, the fates of Wall Street and Main Street […]
The Federal Reserve warned of deteriorating liquidity conditions across key financial markets amid rising risks from the war in Ukraine, monetary tightening and high inflation in a semi-annual report published Monday. “According to some measures, market liquidity has declined since late 2021 in the markets for recently-issued U.S. cash Treasury securities and for equity index […]
SINGAPORE — Shares in Asia-Pacific fell on Monday as investors watched for market reaction to Chinese trade data that came in better-than-expected. In Japan, the Nikkei 225 fell 2.35%, leading losses among the region’s major markets as shares of Fast Retailing dropped more than 6%. The Topix index shed 1.69%. Mainland Chinese stocks were higher […]
The dollar began the week on a strong footing, buttressed by sharply rising U.S. yields and by investors’ tilt toward safety as lockdowns in China, war on the edge of Europe and fear about higher interest rates sent a nervous jolt through markets. The greenback made a 22-month high on the growth-sensitive New Zealand dollar […]
