Shares of Netflix Inc. NFLX, -1.15% slipped 1.15% to $532.39 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX, -1.93% falling 1.93% to 3,714.24 and Dow Jones Industrial Average DJIA, -2.03% falling 2.03% to 29,982.62. Netflix Inc. closed $60.90 short of its 52-week […]
A leading Senate Democrat announced on Thursday that he would hold a hearing on the “broken” state of Wall Street as the stock market reels from the frenzy surrounding video game retailer Gamestop. “People on Wall Street only care about the rules when they’re the ones getting hurt,” said incoming Senate Banking and Housing Committee […]
U.S. stocks jumped on Thursday, roaring back from a sharp sell-off on Wall Street that saw the S&P 500 and the Dow Jones Industrial Average suffer their worst drop in three months. The S&P 500 rose 0.98%, while the blue-chip Dow gained 300.19 points, or 0.99%, boosted by Disney, Intel and American Express. The tech-heavy […]
Institutional Investor Hall of Famer Richard Bernstein warns retail investors will pay a big price for getting caught up in speculative trades. Bernstein, who has spent decades on Wall Street, cites the democratization of the market as a critical contributor to the excessive euphoria. He worries naiveté will ultimately put amateurs in difficult positions. “Bubbles show […]
Frustrated investors who sued after getting locked out of trading in frenzied shares like GameStop Corp. aren’t likely to have much luck in court either. Online brokerage Robinhood Markets was named as a defendant Thursday in several federal suits demanding it reinstate trading of shares including GameStop, BlackBerry Ltd., Nokia Oyj and AMC Entertainment Holdings […]
Bitcoin and U.S. tech stocks are viewed by investors as the biggest market bubbles right now, according to a Deutsche Bank survey released Tuesday. The survey, which is based on responses from 627 market professionals between Jan. 13-15, found that the vast majority of investors (89%) think some financial markets are in bubble territory. Out […]
A convergence of factors joined forces on Wednesday to scare the bull thesis in stocks and really club the market into the ground. Losses on the Dow Jones Industrial Average (2.2%), Nasdaq Composite (2.7%) and S&P 500 (2.6%) all accelerated into the close. The selloffs marked the biggest plunges for the major indexes since October, […]
U.S. equity markets were under pressure Wednesday after the Federal Reserve kept policy on hold and investors grappled with the ongoing short-squeeze in a number of companies’ shares. The Dow Jones Industrial Average fell 634 points, or 2.05%, while the S&P 500 and the Nasdaq Composite were down 2.56% and 2.61%, respectively. The selling dropped […]
Speculation in the stock market is soaring. Retail investors have been piling into equities at a rapid rate in the new year, building on 2020′s rush and squeezing short sellers in stocks such as GameStop, up a staggering 685% for the month as of Tuesday’s closing bell. The GameStop frenzy even caught the attention of […]
Futures contracts tied to the major U.S. equity indexes were mixed in early morning trade on Wednesday as Wall Street pored over earnings results from Microsoft and awaited similar updates from Apple, Facebook and Tesla due Wednesday. Nasdaq-100 futures showed gains of about 73 points. Dow futures and S&P 500 futures, on the other hand, […]
China’s central bank governor has signalled that the door remains open for Ant Group’s stock market debut. Ant, backed by billionaire founder of e-commerce giant Alibaba Jack Ma, was set to list its shares in November. Regulators suspended the listing and the People’s Bank of China later ordered a major shake-up at Alibaba. Questions also […]
The iPhone 12 lineup has generated impressive sales for Apple (NASDAQ:AAPL), and the company is expected to raise production significantly in 2021 to meet the strong demand for its 5G-enabled offerings. That’s not surprising, as Apple had a huge installed base of users ready to upgrade to 5G-capable smartphones — and the company gave them […]
