In the latest trading session, Advanced Micro Devices (AMD) closed at $92.92, marking a -1.22% move from the previous day. This change lagged the S&P 500’s 0.28% gain on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq gained 0.5%. Prior to today’s trading, shares of the chipmaker had gained […]
DoorDash announced Tuesday evening that its much anticipated initial public offering will price at $102 per share — far above its previously announced price range of $90 to $95 per share. The upward swing in pricing gives the popular food delivery service a valuation of about $39 billion. Before turning to the public, it raised […]
U.S. stock futures rose slightly early Wednesday, building on recent strength that’s pushed the major averages to record highs. Dow futures rose 64 points, while the S&P 500 futures and Nasdaq 100 futures were both in positive territory. Fueling the rally is optimism about the U.K.’s rollout of Pfizer’s Covid-19 vaccine on Tuesday. Hope that […]
A narrow majority of market strategists surveyed by CNBC predict that U.S. stocks will continue to rally into 2021, with the S&P 500 rising between 8% and 22% next year from their current levels. Twelve of 20 market strategists from major U.S.-based financial institutions who were polled by CNBC International predicted the S&P would rise […]
Goldman Sachs Group Inc. is moving to acquire 100% ownership of its securities joint venture in China, deepening its investment in the world’s second-largest economy after partnering with a domestic brokerage for 17 years. The New York-based bank is applying with Chinese regulators to take full control of Goldman Sachs Gao Hua Securities Co. and […]
Fresh all-time highs appear to be making the “smart money” anxious on Wall Street. A gauge of so-called smart-money interest in stocks was at its lowest level in a year, even as equity benchmarks, though softening in Monday action, were trading near peak levels in the COVID-19 era. There are a lot of ways to […]
Investors have always loved a bull-market run, and even under less than perfect circumstances, the stock market has often obliged with amazing moves higher. We’re going through the likes of that right now. Even though major market benchmarks were mixed on Monday, there was still a lot of momentum-driven investing going on in individual stocks. […]
Asia-Pacific markets traded mixed on Monday, with shares in Japan, Hong Kong and the Chinese mainland struggling for gains. Investor sentiment improved last week around coronavirus vaccine rollouts and U.S. stimulus hopes, which fueled a record-setting session Friday on Wall Street. Australia’s benchmark ASX 200 rose 0.62% to 6,675 as the heavily-weighted financials subindex advanced […]
European stocks opened lower Monday as market focus in the region centers on a last-ditch effort between the U.K. and EU to reach a post-Brexit trade deal. The pan-European Stoxx 600 index opened 0.2% lower Monday, with the majority of sectors in negative territory apart from Technology, Healthcare, Household Goods, Construction and Material and Chemicals. […]
China’s stock market experiment is gaining traction, and interest from foreign investors. On Monday, Newtouch Software became the 200th company to list on the Shanghai Star Market. That brings the total amount raised by companies on the new stock board to more than 287.6 billion yuan ($44 billion), according to officially reported figures. The Star […]
For all the risks of a year-end cooling-off period, emerging-market backers can’t complain about the lie of the land right now. From the rollout of vaccination programs in some countries to rising commodity prices and the prospect of a breakthrough in U.S. stimulus talks, there are plenty of tailwinds to justify the buying spree that […]
One of the United States’ top financial regulators said Thursday that new regulations on bitcoin and other cryptocurrencies were coming soon, but he downplayed concerns that the new rules would be disruptive. Brian Brooks, the acting comptroller of the currency, told CNBC’s Melissa Lee on “Squawk Box” to expect “clarity” on cryptocurrency in the next […]
