NEW YORK — Wall Street ended a choppy session slightly higher on Monday as weakness in defensive stocks offset optimism following U.S. President Donald Trump’s conciliatory remarks toward China’s ZTE Corp that calmed the waters of U.S.-China trade tensions. The S&P 500 pared its gains after hitting a roughly two-month high earlier in the session, […]
One tweet had broad repercussions across the tech world on Monday. President Donald Trump this weekend tweeted that he’d be working with China to find a way for Chinese smartphone maker ZTE Corp. 0763, -1.92% to restart its operations. The U.S. banned domestic companies from selling components to ZTE last month, arguing that ZTE didn’t […]
Dow Jones futures today rose modestly vs. fair value, along with S&P 500 futures and Nasdaq futures. President Donald Trump tweeted that it “will all work out” on U.S.-China trade. He also tweeted that he wants to help China’s ZTE “get back into business, less than a month after the U.S. banned domestic companies from […]
Most Asian markets searched for direction in early Monday trade, although Malaysian stocks tumbled as markets there reopened for trade after a long weekend. Meanwhile, oil prices were slightly lower, paring more gains after touching multi-year highs last week. The FTSE Bursa Malaysia KLCI sank 1.29 percent as investors digested last week’s surprise election victory […]
Break out those rally hats. With an impressive first quarter earnings season just about done, investors appear to have liked what they saw after initially being unimpressed. Dow Jones Industrial Average futures popped 60 points on Sunday as of 6:11 p.m., S&P 500 futures gained 5 points, and Nasdaq Composite futures rose 15 points. The […]
Oil prices have been on fire over the past year and recently topped $70 a barrel, which is the highest crude has been since late 2014. That rally in the oil market has helped fuel big-time gains in many oil stocks. Three that stand out are Anadarko Petroleum (NYSE:APC), Hess (NYSE:HES), and ConocoPhillips (NYSE:COP) because […]
The stock market doesn’t care about your opinions. The stock market doesn’t care about what was true yesterday, only what’s true right now. As an investor, you need to set aside your preconceptions and be ready to adapt to changes in the market direction and individual stocks. Apple (AAPL), Alibaba (BABA), Facebook (FB), Boeing (BA) […]
Sell in May and go away? That old adage would have been horrible advice for investors who owned three biotech stocks that soared over the last week. ARMO BioSciences (NASDAQ:ARMO), Opko Health (NASDAQ:OPK), and Arrowhead Pharmaceuticals (NASDAQ:ARWR) chalked up huge gains over the last five days. What sent these biotech stocks into orbit? And are […]
After three challenging years, the oil market is showing real signs of improvement. Oil prices, which many in the industry expected would be at or below $50 a barrel this year, are now above $70. Crude might not be done running higher due in part to the fact that oil producers in the U.S. are […]
It’s the unusually diverse nature of the list that’s fascinating. Lots of different types of industries and sectors. Some are reasonably well-known, others are not exactly on the major investments radar. Although the widely-followed NASDAQ Composite Index itself has yet to re-take the high it hit in March, these individual issues continue to show real […]
Most Asian stocks closed higher on Friday, with positive sentiment partially driven by gains seen on Wall Street following softer-than-expected U.S. inflation data. Meanwhile, oil prices were slightly lower after reaching recent multi-year highs on geopolitical concerns. The Nikkei 225 closed up 1.16 percent, or 261.30 points, at 22,758.48 in Tokyo and the broader Topix […]
On this day in 1965, Warren Buffett took control of an ailing textile company named Berkshire Hathaway when its shares were valued at $19 each. If you’d been able to throw $100 into Berkshire BRK.A, -0.95% BRK.B, -0.94% in 1965, you’d be sitting on a cool $2.4 million by the end of 2017. That same […]
