European markets closed slightly higher on Thursday, as investors monitored recent gains from Wall Street. The pan-European Stoxx 600 closed provisionally almost 0.2 percent higher, with most sectors and major indexes in positive territory. Technology stocks were among the gainers Thursday, up 1.4 percent amid corporate earnings news. A flurry of brokerages upgraded their stock […]
Check out which companies are making headlines before the bell: Morgan Stanley – The investment bank reported adjusted quarterly profit of 84 cents per share for the fourth quarter, 7 cents a share above estimates. Revenue also came in above Street forecasts. The company said it saw growth across all its business segments during 2017. […]
Equity markets bounced back Wednesday after a wild ride in the previous session, and one top technical strategist sees a more pronounced decline ahead as we near the latter half of the month. The S&P 500 will likely see a loss of momentum in the coming sessions with a potential 4 to 5 percent pullback into February, […]
A broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor’s 500 index and the Nasdaq composite, wiping out the market’s modest losses from a day earlier. Technology and health care companies […]
Asset management firm Fasanara Capital compared stock valuations to bitcoin in that “it is totally disconnected from fundamentals,” its chief executive told Impending tipping point for markets is due to a synchronicity of enterprise overvaluation, high indebtedness, low cash balances and a drawback in public flows Still, a major selloff hasn’t arrived, and many market-watchers continue to celebrate […]
broad rally on Wall Street propelled the Dow Jones industrial average to close above 26,000 points for the first time Wednesday. The sharp gains also delivered record highs for the Standard & Poor’s 500 index and the Nasdaq composite, wiping out the market’s modest losses from a day earlier. Technology and healthcare companies accounted […]
“Mad Money” host Jim Cramer examined the tech titans’ weekly stock charts to determine if it’s time for investors to take some profits. With the help of technician and “Fibonacci Queen” Carolyn Boroden, Cramer took the temperature of the red-hot stocks to see whether they could hold onto their gains. As the bank- and health-care-led […]
The Dow’s record-fast sprint to 26,000 early in the new year is raising concerns on Wall Street that the stock market may be in danger of overheating. Indeed, the Dow Jones industrial average’s more than 1,000-point rise from 25,000 to “26K” in the past seven trading days has some investment pros warning that the nearly […]
Asian markets traded lower after Wall Street closed in negative territory Japan core machinery orders topped expectations Bitcoin and other cryptocurrencies pared some losses after tumbling earlier The dollar index resumed its decline while the euro inched higher Asian markets traded in negative territory early on Wednesday after Wall Street reversed a triple-digit point gain […]
Fund managers have reduced cash to the lowest level in five years and are at a two-year high in allocation to stocks, according to a Bank of America Merrill Lynch survey. Hedge funds have increased equity allotments to the highest level since 2006. The moves come as stock-based ETFs have taken in $16.5 billion already in 2018 […]
Global stocks mostly fell on Monday as the dollar weakened across the board, pinching the outlook for export-driven regions like Europe. The U.S. market remained closed for a holiday. KEEPING SCORE: Britain’s FTSE 100 fell 0.1 percent to 7,768.12 while Germany’s DAX dropped 0.3 percent to 13,209.37 and France’s CAC 40 ended the day roughly […]
After a 14-day run, Hong Kong’s Hang Seng Index on Monday came close to breaking through its historical record set more than a decade ago. Technical analysts now caution the benchmark looks overbought. Bull Run Hong Kong’s Hang Seng Index has risen for 14 consecutive days, closing in on 2007’s record Its strength, however, shouldn’t […]
