Increased volatility ahead of the elections and last week’s market selloff are opportunities to “lean into that weakness,” says one strategist. “We think we’re in the early stages of an economic cycle, and we think we’re in the early stages of a bull market,” Keith Lerner, chief market strategist at Truist/Suntrust Advisory told Yahoo Finance. […]
Category: Stocks Watch
Biden Win Could Cause A Huge New Oil Glut
As if the oil market needed another uncertainty in the year of the pandemic, a Joe Biden win at next week’s U.S. presidential election could have a significant impact not only on the American oil industry but also on global crude supply within a year. In stark contrast with President Donald Trump’s maximum pressure campaign […]
Painful sell-off is running out of steam, market bull Ed Yardeni says
There may be some relief in sight for investors. Long-time market bull Ed Yardeni believes the painful sell-off is running out of steam. “I don’t expect more than a garden variety correction, which would be a 10-15% drop,” the Yardeni Research president told CNBC’s “Trading Nation” on Friday. Even though it has been a painful […]
Twitter, Hexo Plunge as Stock Markets Reel Once Again
Wall Street appears determined to deliver an October fitting for the year that 2020 has been. Earnings reports were a significant drag on the broader market, with some of the biggest companies in the market reporting results that on the whole didn’t live up to high expectations. Market participants also seemed to perceive a rising […]
Euro, yen implied volatility highest since April as traders prep for US election
One-week implied volatility gauging levels in the euro and the Japanese yen rose to their highest since beginning of April, reflecting traders’ angst ahead of the U.S. election on Tuesday. The U.S. dollar rose on Monday as investors prepared for the presidential election, while a surge in global coronavirus cases continued to weigh on sentiment. […]
Weekly Market Review – October 31, 2020
Stock Markets Last week marked the 11th time this year that the S&P 500 has closed more than 2% lower than where it started the week, compared with a yearly average of around six times since 2010. The sell-off was largely driven by news that daily coronavirus cases have hit new record highs, and by […]
Stocks Turn on Trump as Markets Tumble to Worst Week Since March Ahead of Election
WITH FOUR DAYS TO GO TO the election, Donald Trump is grasping at straws. But the straw he’s been clinging to for much of his presidency might be slipping through his fingers. Since he took office in 2017, Trump has claimed credit for economic success and stock market records. And though the economy appears on […]
European stocks close mostly higher as euro zone GDP beats forecasts
LONDON — European markets closed mostly higher Friday after better-than-expected economic data, despite worries over tightening coronavirus restrictions. The pan-European Stoxx 600 provisionally closed up by around 0.2% after a choppy trading session, with oil and gas shares climbing 1.9% to lead the gains. Global coronavirus cases rose by a single-day record of half a […]
European stock markets endure worst week since June
Stock markets in Europe have had their worst week since June after investors shrugged off record-breaking growth for the eurozone and focused on the likely impact of fresh lockdown restrictions. Amid growing fears that a second wave of Covid-19 would end the west’s recovery and even threaten a double-dip recession, news of a near 14% […]
Oil sinks to five-month low, posts worst week since April on demand concerns
Oil prices fell more than 1% on Friday, extending losses and on track for a second monthly fall, on growing concerns that the rise in COVID-19 cases in Europe and the United States could hurt fuel consumption. Brent crude slipped for a third day and settled 19 cents, or 0.5%, lower at $37.46 per barrel, […]
Strong GDP growth curbs losses in European markets
Stronger-than-expected GDP data curbed losses on European stock markets on Friday, but US stock futures pointed to a continued sell-off on Wall Street. European stocks had looked set for a fresh rout on Friday as infection rates and new lockdown curbs in France and Germany spooked investors, with futures contracts down sharply before markets opened. […]
Dow futures sink as Apple and Amazon shares drop after earnings
U.S. stock futures tumbled early Friday after some of the technology heavyweights came under pressure following their quarterly reports. Futures on the Dow Jones Industrial Average pointed to an opening drop of about 300 points. S&P 500 futures and Nasdaq 100 also traded in negative territory. Earlier in the session, Dow futures were down more […]