US stocks fought back on Tuesday, with the Dow Jones industrial average roaring into the market close a day after its biggest point drop in history. After opening down 568 points, the Dow surged more than 1,000 points intraday. The index of 30 large stocks including Apple and Goldman Sachs finished up 567 points, or […]
U.S. stocks posted sharp gains in another wild trading session on Tuesday, as indexes rebounded from the biggest one-day drops for the benchmark S&P 500 index and the Dow Jones Industrial Average in more than six years that stalled the market’s record run. The Dow Jones Industrial Average had a more than 1,100-point difference between […]
Shares in London plunged for a sixth day and by the largest amount since the Brexit vote as concerns grew that febrile global stock markets, which have lost $4tn (£2.9tn) in value since Friday, were in the grip of panic-selling. The FTSE 100 slumped 2.6% to 7,141 to wipe out all the gains from this […]
The first thing to know about the stock market’s eye-watering slide Monday is that it wasn’t caused by anything fundamental. There was no particular piece of news that drove the major averages to capsize, in a move that sent the Dow industrials off more than 1,500 points — a new intraday record — briefly in […]
Don’t expect stocks to rebound if inflation anxiety continues, according to Morgan Stanley. With price fears egging on Treasury rates, equities could be in for a disappointing few months as investors move away from a “buy-the-dip” mentality. “When inflation is very low, rising inflation has a positive impact on equity valuations,” wrote Mike Wilson, chief […]
Stocks plunged in the first major sell-off in six years, sending investors to the safety of bonds — ironically the very market that started the wild sell off and volatility across financial markets. In one day, the Treasury market went from a source of acute pain to a safe haven for investors panicked by a […]
The Dow Jones industrial average suffered its biggest one-day point drop in history, plunging 1,175 points on Monday and giving back all its 2018 gains as a flash-crash-style drop intensified a free fall in stocks that began last week. Fears of spiking inflation and borrowing costs caused investors to rethink their bullish views on stocks, […]
Asia markets fell in early trade on Monday, following a sharp decline in U.S. stocks on Friday amid a stronger-than-expected jobs report that sent interest rates higher. In Australia, the ASX 200 fell 1.31 percent to 6,041.40 in morning trade, with most sectors trading lower. The heavily weighted financial subindex was down 1.07 percent, while […]
Years of solid sales for Canadian marijuana growers could be as easy as A-B-C — or, more likely, THC. THC. It flows off the tongue much more easily than “tetrahydrocannabinol,” the full name of the chemical. THC is the primary chemical responsible for marijuana’s psychoactive effects. And it may be the primary reason several marijuana […]
The stock market continues one of the best, longest bull runs in memory. And for a number of reasons, the market has also been “expensive” by more than one valuation measure for quite some time. While that doesn’t guarantee that any kind of crash or correction is imminent — the market has been pricey for […]
1. Market mayhem: Main Street is feeling good right now — maybe a little too good if you ask Wall Street. After years of stagnant wages, American workers finally got a legit raise in January. Wages grew at the fastest pace since 2009 — a strong signal of a healthy economy and a tight jobs market. But there […]
It’s been a good run for the US stock market, but it couldn’t go on forever. On Feb. 2, stocks fell by more than 2%, dragging the market to its worst week in two years. The VIX, which measures volatility in the market, climbed. The Dow had its worst day since Brexit. Even tech darlings […]
