The three main Wall Street indexes ended Friday higher for the day and week, with the S&P 500 (.SPX) and the Dow (.DJI) breaking closing records, as investors took strong economic data and bank earnings as signs of momentum in the U.S. pandemic recovery. Nine of the 11 S&P sub-sectors rose on Friday. The energy […]
Stock Markets The markets have completed their fourth consecutive week of gains and have now moved to challenge their record peaks. The large and mid-cap benchmarks surged ahead while the technology-based Nasdaq Composite Index and small-cap Russell 2000 Index lagged slightly, although they stayed close to their highs of the past trading weeks. Within the […]
You would not know by looking at the S&P 500 or DJIA, but it was an absolutely miserable week for a great many stocks in the market. While some big-cap names such as Honeywell (HON) , Microsoft (MSFT) , and Home Depot (HD) moved steadily higher, hundreds of small-cap names broke down and struggled to […]
GameStop (GME) closed the most recent trading day at $154.69, moving -1.12% from the previous trading session. This change lagged the S&P 500’s 0.36% gain on the day. Prior to today’s trading, shares of the video game retailer had lost 20.63% over the past month. This has lagged the Retail-Wholesale sector’s gain of 0.74% and […]
A team of physicists at Emory University recently published research indicating they’d successfully managed to reduce a mouse’s brain activity to a simple predictive model. This could be a breakthrough for artificial neural networks. You know: robot brains. Let there be mice: Scientists can do miraculous things with mice such as grow a human ear on one’s back or control one via […]
The S&P 500 and the Dow hit record highs on Friday after Morgan Stanley wrapped up bumper quarterly earnings reports from big U.S. banks, while optimism about a solid economic rebound put the main indexes on course for weekly gains. Nine of the 11 S&P indexes were higher, with only the information technology (.SPLRCT)and the […]
Hedge fund manager David Einhorn warned of dangers for retail investors that he sees in the market, and one of his main examples was a tiny New Jersey deli with a market capitalization of more than $100 million. The Paulsboro, New Jersey-based Your Hometown Deli is the sole location for Hometown International, which has an […]
BlackRock CEO Larry Fink said Thursday he’s optimistic about financial markets as the economy attempts to recover from the coronavirus pandemic. “I am incredibly bullish on the markets,” Fink said in an interview on CNBC’s “Squawk Box.” He noted that a host of factors are likely to propel markets higher in the near term, even as the S&P 500 and Dow Jones […]
The price of Dogecoin has surged seemingly without any push from prominent figures on social media or major developments in the project. According to data from CoinMarketCap, the price of Dogecoin (DOGE) is more than $0.18 at time of publication, with a market capitalization of roughly $23.8 billion. The token’s most recent rally had its […]
Citigroup is closing its consumer banking operations in 13 markets across Asia, Europe and the Middle East. The US banking group will instead run these operations from four hubs in Singapore, Hong Kong, the United Arab Emirates and London. It will continue to offer products to larger clients and institutions in these markets. Its chief […]
Qualcomm (QCOM) closed at $137.30 in the latest trading session, marking a -0.1% move from the prior day. This change lagged the S&P 500’s 0.33% gain on the day. Coming into today, shares of the chipmaker had gained 8.15% in the past month. In that same time, the Computer and Technology sector gained 5.19%, while […]
Saudi Arabia’s state oil giant Aramco, the world’s largest oil exporter, will meet only part of the nominations for crude from the European and Mediterranean regions for loading in May, refiners have told Argus. While three refiners have been given all the nominations they had put through, three others will receive crude loading in May […]
