An unexpected rally in the U.S. dollar would torpedo the stock market’s run into the record books, according to Wall Street analysts. The benchmark S&P 500 has rallied 66% off its March 23 low while at the same time the U.S. dollar index has dropped 12%. The one threat to the risk-on trade is the […]
Stock futures rose in early morning trade on Monday ahead of the final trading week of 2020 and as President Donald Trump unexpectedly signed an economic relief bill. Futures on the Dow Jones Industrial Average implied an opening gain of nearly 200 points. S&P 500 futures and Nasdaq 100 futures also traded in solidly positive […]
Gold prices pared gains on Monday as the dollar recovered losses and stock markets rallied after U.S. President Donald Trump signed a long-awaited pandemic aid bill, while liquidity remained low on account of the holiday season. Spot gold was little changed at $1,877.20 per ounce by 1301 GMT, having earlier risen as high as $1,900.04 […]
Bitcoin markets have been seeing a lot of action this weekend, as the price of the crypto asset touched another all-time high (ATH) at $28,378 per coin. Toward the end of 2020, the cryptocurrency’s market capitalization has crossed a whopping half of a trillion U.S. dollars in value. The leading cryptocurrency by market valuation, bitcoin […]
Oil rose towards $52 a barrel on Monday as U.S. President Donald Trump’s signing of a coronavirus aid package and the start of a European vaccination campaign outweighed concern about weak near-term demand. Brent crude rose 43 cents, or 0.84%, to $51.72 a barrel, reversing an earlier decline. U.S. West Texas Intermediate (WTI) crude added […]
Can any of this quarter’s top performers stay on their hot streak? Two market analysts went digging for so-called stock market treasures that met the following criteria this week on CNBC’s “Trading Nation”: Attractive valuation (i.e., low multiple) High potential for earnings growth Quarterly outperformance Danielle Shay, director of options at Simpler Trading, had her sights […]
Farewell, 2020. Hello, 2021. It is onward and potentially upward, Superman style, for the U.S. stock market next year, based on analysts’ ambitious year-end targets for the S&P 500 index. No equity market analysts that MarketWatch surveyed for this report foresee a pullback from current levels, already observed as lofty by more than a few […]
Many investors are worried about a stock market correction at a time when the S&P 500 and Nasdaq are at or near all-time highs, despite 6.7% unemployment and an additional 6.7 million Americans employed only part time for economic reasons. If the market crashes, trillions in equity value will be wiped out overnight, and the […]
Bitcoin (BTC) continues its blistering holiday weekend rally, surpassing $27,000 on Dec. 27. What’s more, the market capitalization of Bitcoin has surpassed half a trillion dollars for the first time ever. Bitcoin market cap breaches $500,000,000,000 The new record-highs for Bitcoin come less than three days after breaking resistance at $24,000. This also means that BTC […]
Stock Markets Stocks were mixed last week as investors weighed lawmakers’ approval of a long-awaited relief bill against ongoing virus concerns and new U.K. travel bans. Small cap and technology stocks were up, with both the Russell 2000 and Nasdaq indexes finishing the week higher. The U.S. has continued its vaccination effort, with over 1 […]
The U.S. dollar’s share of currency reserves reported to the International Monetary Fund fell to 60.4% in the third quarter, from 61.2% in the second, IMF data showed on Thursday. The dollar, however, remains the largest-held currency by global central banks. A year earlier, the dollar accounted for 61.5% of total reserves. Its share has […]
It was a bumpy stock market debut for electric vehicle maker Canoo (GOEV). The Los Angeles-based startup went public on the Nasdaq Dec. 22 via a reverse merger with the special purpose acquisition company, or SPAC, Hennessy Capital. Shares initially surged but turned lower to close Tuesday down 3.1% at 18.89 a share Canoo’s Wall […]
