Semiconductor stocks were among last year’s hottest trades, as names like Nvidia, Applied Materials and Broadcom posted double- and triple-digit returns. Fast-forward to this year, and the once-hot chip stocks have quickly fallen out of favor with investors and into correction territory. The VanEck Vectors Semiconductor ETF (SMH) has dropped 11 percent from its mid-March […]
The Dow on Wednesday rebounded from a more than 500-point plunge to close 231 points higher in another rocky trading day, as Wall Street bet that tariff threats and tough talk on trade from China and the Trump administration was likely a negotiating tactic and that the sides would eventually reach a deal to avoid […]
After an early jolt, stocks rallied and finished higher Wednesday as investors bet that back-and-forth tariff threats between the U.S. and China won’t blossom into a bigger dispute that damages global commerce. The Dow Jones industrial average plunged 501 points after the opening bell but made it all back, and more. Household goods makers, retailers […]
It’s been a bumpy ride for stocks this year. The stock market kicked off April with its worst start to the second quarter since the Great Depression. The Dow Jones industrial average fell 458.92 points. Meanwhile the S&P 500 fell 2.2 percent and the Nasdaq composite fell nearly 2.7 percent. Both closed in correction territory, […]
A stunning $63.3 billion left U.S. stock funds in the first quarter, the second largest ever, while $63.9 billion poured into global equities funds. Trim Tabs said the U.S. outflows from mutual funds and exchange-traded funds were second only to the $68 billion that left U.S. equity funds in the third quarter of 2011. The […]
European equities closed lower Tuesday amid continued fears of a potential trade war and regulation for the technology sector. The pan-European Stoxx 600 closed provisionally almost half a percent lower with almost every sector in negative territory. Overall, the index recovered slightly from earlier losses that led the benchmark to trade about 1 percent off. […]
The Nasdaq composite edged 0.2% higher after rising 0.9% early; the S&P 500 added 0.3% and the Dow Jones industrial average outperformed, rising 0.6%. Volume on the Nasdaq was tracking slightly higher than Monday. NYSE volume fell a bit. Nike (NKE), Johnson & Johnson (JNJ) and UnitedHealth Group (UNH) outperformed in the Dow with gains […]
Overvalued stocks and the prospect of rising U.S. interest rates will soon trigger another stock market correction, according to one market analyst. U.S. stocks tumbled into correction territory Monday, as deepening declines among technology companies and elevated trade tensions between the U.S. and China unnerved market participants. The tumultuous session cast a shadow over Europe […]
A scientific paper that purported to lay bare serious flaws in the gene-editing tool known as CRISPR and briefly tanked shares of genome-editing companies has been retracted by its publisher. The paper, published last year in Nature Methods, claimed that CRISPR wreaked havoc on the genome, causing hundreds of unintended mutations in mice — and […]
The last time we checked in with Joseph Edelman, the founder, chief executive and portfolio manager of Perceptive Advisors and its hedge fund, Perceptive Life Sciences, he was buying stocks ahead of the new year. Perceptive is a fund to watch. Edelman famously oversaw a 4% gain in 2016 as the biotech sector tumbled 20%. […]
Many on Wall Street are wondering if the once-leading FANG stocks –Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL) – are out of favor. Given these top tech stocks’ outsized influence on the S&P 500, there could be cause for investor concern. The FANG stocks, which some have expanded to “FAANG” to […]
After a rough stretch of market volatility, the S&P 500 Index just snapped a quarterly win streak that stretches back to 2015. However, April has a sunnier forecast, according to one strategist. The S&P 500 ended the quarter with a 1 percent loss, its first negative period since the third quarter of 2015. This loss […]
