SINGAPORE — Stocks in Asia-Pacific were higher on Wednesday following an overnight bounce on Wall Street as optimism grew over the prospect of more stimulus. In Japan, the Nikkei 225′s advanced 0.26% to close at 26,757.40 while the Topix index rose 0.27% to end its trading day at 1,786.83. Japan’s exports declined 4.2% in November as compared […]
Investors saw a little bit of everything in 2020. The stock market started the year by rising to new highs, only to suffer a lightning-fast bear market plunge that lopped 30% off major market benchmarks in a matter of weeks. Yet the stock market then bounced off its lows during the worst pandemic in a […]
Goldman Sachs Chairman and CEO David Solomon told CNBC on Tuesday that he’s concerned about the intense demand from retail investors in recent initial public offerings. “I do think we’re in a moment in time where there’s a lot of euphoria. I personally am concerned about that,” Solomon said on “Squawk Box.” “I don’t think […]
U.S. equity futures were pointing higher early Tuesday hours before the opening bell on Wall Street one day after U.S. markets retreated with losses in the financial, industrial and health care sectors leading the retreat, outweighing gains by technology stocks and companies that rely on consumer spending. The S&P 500 extended its pullback from recent […]
Alphabet (GOOGL) closed at $1,752.26 in the latest trading session, marking a -1.27% move from the prior day. This change lagged the S&P 500’s daily loss of 0.44%. At the same time, the Dow lost 0.62%, and the tech-heavy Nasdaq gained 0.5%. Heading into today, shares of the internet search leader had gained 1.83% over […]
With the massive coronavirus vaccination campaign underway, the market is feeling bullish. The S&P 500 index (^GSPC) continues to climb near all-time highs and 2021 outlooks are sanguine. This has given some strategists — even bullish ones — a bit of pause. Deutsche Bank strategist Jim Reid wrote in a note to clients Monday that […]
he addition of Tesla into the S&P 500 at the close this Friday will be one of the biggest trading days in history, but it is only the most recent example of an ongoing trend: index managers who make the decisions of what goes in and out of these indexes are becoming increasingly influential. “Rebalancings […]
Brent crude topped $50 a barrel last week for the first time since March, a milestone for an oil market that’s been grinding its way back out of a deep slump for months. Things aren’t back to normal yet, but the positive signals are proliferating. The enormous glut of fuel that accumulated this year on […]
The evidence of climate change — from global temperature records to Arctic ice melt, wildfires, hurricanes and flooding — is accelerating. So is investment pressure on corporations. In the past week, Exxon Mobil was targeted by activist investors, as well as CalSTRS, one of the nation’s largest pension funds. New York State’s $226 billion pension […]
The U.S. stock market is awash with gains from jumping prices and excited investors. Although some warnings of red flag conditions exist, there is no apparent catalyst to cause a reversal – yet. Therefore, the ride continues even as risk builds. Five drivers are creating the risk Investor sentiment – Stocks are great, and the future […]
U.S. stock futures moved higher early Monday as markets indicated a rebound from a losing week. Investors are weighing updates on the Covid-19 vaccine rollout as well as the coronavirus stimulus stalemate in Washington. Dow futures pointed to an opening gain of more than 180 points. S&P 500 futures and Nasdaq 100 futures also both […]
The stock market has been rising at a furious pace for the past eight months, so it’s inevitable that there will be some days when investors take a break from the bull market. Yet even when markets fall, they’ve tended not to produce meaningfully sharp declines. That was the case on Friday morning, as concerns […]
