For much of the past year, investing in the stock market has required an iron stomach. The unprecedented nature of the coronavirus disease 2019 (COVID-19) pandemic turned societal norms on their heads, brought an end to the traditional work environment, and cast a dark cloud over equities during the first quarter of 2020. It took […]
The latest move in the GameStop (GME) roller coaster was a 19% jump in the shares in Friday’s session that wasn’t enough to prevent an 80% slide on the week. While the short squeeze in GameStop and other heavily-shorted names may be abating for now, the factors underlying the action aren’t going away anytime soon. That means regulators’ […]
What happened Shares of Activision Blizzard (NASDAQ:ATVI) climbed 9.6% on Friday after the video game maker delivered fourth-quarter results that bested Wall Street’s expectations. So what Activision Blizzard’s net bookings — essentially, the dollar amount of products and services it sold during the quarter — rose nearly 13% to $3.05 billion. That was well above analysts’ estimates, which […]
Stock Markets Major indexes closed at new record highs as U.S. stocks registered their best weekly gain since November. Optimistic outlook for a fiscal stimulus bill and the progress in vaccine distribution continue to provide impetus for the bourse. Crude oil traded at 10% gains for the week, its highest level in more than a […]
The cryptocurrency ether hit a fresh all-time high on Friday, surging past $1,700 for the first time. Ether, which is the world’s second-largest digital coin by market value, climbed 11.2% to a price of $1,743 at around 10:30 a.m. ET, according to data from CoinDesk. It comes after bitcoin, the most valuable virtual currency, hit […]
As the trading frenzy in GameStop Corp shares and other social media favorites recedes, investors are eyeing signs of potential market stress that could weigh on broader stock performance in coming weeks. For now, U.S. equities appear to be looking past last week’s surge in volatility that led the S&P 500 to its biggest weekly […]
Friday morning brought continuing enthusiasm to Wall Street, as investors remain extremely optimistic about the prospects for the U.S. economy to rebound as the COVID-19 pandemic gradually gets under control. Some market benchmarks reached intraday record territory on solid advances. As of 11:30 a.m. EST, the Dow Jones Industrial Average (DJINDICES:^DJI) had climbed 107 points […]
European stocks closed mixed Friday as investors looked to vaccine rollouts for hopes of normalization, while global markets flirted with record highs. The pan-European Stoxx 600 finished flat in Europe, with banks climbing 1% to lead gains and telecoms falling 0.8%. For the week, the index closed up 3.45% aided by a week-long rally in […]
Activist short-seller Carson Block, the founder of Muddy Waters Research, says the “markets are broken,” and it’s causing investors who traditionally focus on the fundamentals to have to trade on the technicals. “They were broken before GameStop (GME), but GameStop and these meme stocks just show how broken they are now. Now, the reason they’re […]
Online brokerage app Robinhood said on Thursday it has removed temporary trading restrictions on all stocks, including GameStop Corp and AMC Entertainment Holdings Inc, according to an update on its website. Earlier in the day, Robinhood’s website showed that the trading limit on GameStop’s shares was set at 500, while for AMC the limit was […]
Take a look at some of the biggest movers in the premarket: Canada Goose (GOOS) – Canada Goose shares surged more than 15% in the premarket after the outerwear maker beat estimates on both the top and bottom lines. Results were helped by strong growth in China sales as well as a surge in online […]
Treasury Secretary Janet Yellen warned of “tough months ahead” with COVID-19 continuing to flare, making it critical that Congress pass President Joe Biden’s $1.9 trillion relief package. In her first public interview since becoming Treasury secretary last week, Yellen said that Biden is willing to cooperate with Republicans to pass the measure on a bipartisan […]
