LONDON — European stocks closed higher on Tuesday as markets kicked off a new month of trading. The pan-European Stoxx 600 had climbed 1.1% by the close, with basic resources adding 3.3% to lead gains as almost all sectors and major bourses finished in positive territory. UBS on Tuesday reported a fall in quarterly profit, […]
The buy-the-dip crowd is circling the markets like a hungry shark does a wounded whale after a brutal January. “The equity market sell-off is overdone in our view, and we reiterate our call to buy the dip, particularly in cyclicals and small caps,” said JPMorgan strategist Marko Kolanovic in a new research note. That is […]
U.S. stocks gathered steam in afternoon trading to close with gains as investors digested a basket of positive earnings reports. The Dow Jones Industrial Average rose 272 points 0.8%, while the S&P 500 and Nasdaq Composite both rose about 0.8%. Energy stocks topped the leader board as oil crossed the $88 per barrel level and […]
Investors should proceed with caution, according to BofA Securities’ Savita Subramanian. Even though February kicked off on a strong note, she warned on CNBC’s “Fast Money” a messy sideways market is ahead. “It’s going to be a year where we are shocked by the volatility,” the firm’s U.S. head of equity and quantitative research said […]
Bitcoin was struggling early Monday morning following a downtrend last week with blame clearly landing on Fed plans to raise interest rates in March. The cryptocurrency was trading just above $37,200 (-2.23%) overnight. Rivals Ethereum and Dogecoin were also down, with Ethereum trading at $2,530 (-2.96%) and Dogecoin trading at 13.7 cents, down 3.83%, Coindesk […]
Cryptocurrency exchange FTX saw its valuation swell to $32 billion in a new funding round announced Monday, highlighting continued appetite for the sector even as investors grow wary about a sharp pullback in crypto prices. The Bahamas-based company said Monday that it raised $400 million in a Series C financing round — its third fundraise […]
Stock futures declined in overnight trading Monday after Wall Street wrapped up a tumultuous month with steep losses as investors grappled with the Federal Reserve’s policy shift. Futures on the Dow Jones Industrial Average fell 125 points. S&P 500 futures and Nasdaq 100 futures both traded more than 0.4% lower. While stocks pulled off a […]
U.S. stocks finished with broad gains as investors wound down a volatile month and ahead of another busy week for earnings and jobs data. The Nasdaq Composite took the lead rising 3.4% as Tesla and Netflix led the gains. The Dow Jones Industrial Average rose over 406 points or 1.1%, reversing morning losses and the […]
China was hoping the Winter Olympics would be a watershed moment for the digital yuan, providing a global stage on which to parade its prowess in financial innovation. Instead, geopolitical tensions, the pandemic and China’s insistence on stamping out every trace of Covid are spoiling the party, dealing a blow to one of the most ambitious digital currency projects on the planet. […]
Bitcoin (BTC) seems to be on everyone’s mind lately as the world recently witnessed the price of BTC take a rather unexpected bearish turn this month. On January 21, 2022, Bitcoin reached six-month lows, sinking below $40,000 for the first time in months. While some panicked, other industry experts pointed out that the Bitcoin network […]
Stock futures were mixed in early morning trading on Monday as investors braced for the final trading day in what could be the worst month for the S&P 500 since March 2020. Dow futures dipped 27 points. S&P 500 futures gained 0.07% and Nasdaq 100 futures advanced 0.2%. January has turned out to be a […]
The Federal Reserve isn’t ruling out raising interest rates by half of a percent instead of the typical quarter-point move if inflation remains high, Atlanta Fed President Raphael Bostic said in an interview with the Financial Times. Bostic reiterated to the news outlet his call for three quarter-point interest rate increases in 2022, starting in […]
