Bitcoin prices climbed to a fresh record today, surpassing $55,000 as the digital currency continued its strong, upward trend. The cryptocurrency, which recently surpassed a market capitalization of $1 trillion, reached $55,707.21 this afternoon, according to CoinDesk data. At this point, bitcoin was up more than 90% in 2021, having opened the year at roughly […]
A decline in new Covid infections, along with improving economic data and stimulus hopes, could boost stocks that flourish in a resurging economy in the week ahead. In the past week, expectations for a strong economic rebound helped boost interest rates. While the broader stock market was choppy, sectors that do well in a rebound […]
Stocks on Wall Street closed lower on Thursday as investors shifted out of big technology names, while an unexpected rise in weekly U.S. jobless claims pointed to a fragile recovery in the labor market. Shares of Apple Inc, Tesla Inc and Facebook Inc weighed the most on both the benchmark S&P 500 and the tech-heavy […]
Thursday brought some selling pressure to Wall Street, with major market benchmarks giving up ground but finishing well off their worst levels of the day. The Dow Jones Industrial Average (DJINDICES:^DJI) joined the S&P 500 (SNPINDEX:^GSPC) and Nasdaq Composite (NASDAQINDEX:^IXIC) with declines, but none of the indexes fell more than 1% on the day. Despite […]
Stock futures were little changed early Friday morning after Treasury Secretary Janet Yellen said a large Covid relief package is still needed for a full recovery in the U.S. Futures on the Dow Jones Industrial Average dipped 31 points. S&P 500 futures traded near the flatline while Nasdaq 100 futures were slightly higher. Yellen told […]
“Buy index funds to get exposure to broad asset classes, hold them for a long time, and plan your sales to match your needs,” common personal finance advice goes. Knowing yourself is more important than the stock market’s ups and downs, and once your general investing plan is put in place — usually all pivoting […]
Investors’ appetite for stocks may withstand rising Treasury yields. According to Wall Street forecaster Jim Bianco, the obsession to take on risk will overpower inflation concerns for at least the next several months. “It is a mania. I know that word scares people, but it shouldn’t,” the Bianco Research president told CNBC’s “Trading Nation” on […]
U.S. equity futures are trading cautiously heading into the Wednesday Wall Street session. The major futures indexes are pointing slightly lower. The recent rally was driven by hopes economies will gradually return to a pre-pandemic normal. A series of economic reports could determine the direction of trading Retail sales for January are expected to jump 1.1% month-over-month, […]
Cryptocurrency exchange Coinbase, which is preparing to trade publicly in the next few months, is being valued at $77 billion, based on trading of the company’s privately held shares on a secondary market. Those shares in the largest crypto exchange in the U.S. are changing hands on the Nasdaq Private Market at $303 a piece, […]
The Dow Jones Industrial Average rose in volatile trading on Wednesday to hit another record close, boosted by a jump in Verizon and Chevron shares. The blue-chip Dow erased a 180-point loss and ended the day 90.27 points higher, or 0.3%, to 31,613.02. The S&P 500 dipped less than 0.1% to 3,931.33, however, amid a […]
You may not like what I’m about to say, but it’s an undisputed truth backed up by data: Stock market crashes and corrections happen all the time. Since the beginning of 1950, the benchmark S&P 500 (SNPINDEX:^GSPC) has undergone 38 separate crashes or corrections that have led to a decline of at least 10%. This […]
As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend. Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high risk and offer few benefits — if any at all. “It’s a little bit of chasing […]
