In a landmark move, index provider MSCI on Friday included more than 230 Chinese stocks, known as A-shares, in its emerging market indexes. A-shares are the stocks of Chinese companies incorporated on the mainland, quoted in renminbi, and listed in Shanghai and Shenzhen. The move should bring billions of dollars into the Chinese stock market […]
Digital currencies are drifting lower Friday, in what’s been a relatively quiet end to the week after the up-and-down action on Monday and Tuesday. The world’s No. 1 digital currency, bitcoin BTCUSD, +0.70% continues to hover around the $7,500 level, last trading at $7,446.35, down 1.2% since Thursday at 5 p.m. Eastern Time on the […]
A steady decline in defaults on corporate junk bonds paints a positive picture for the stock market as it struggles to fully recover from a correction that knocked the S&P 500 and Dow industrials off record highs earlier this year. A fall in the default rate for high-yield corporate bonds “implies a firming of corporate […]
A stronger-than-expected jobs report pushed stocks higher on Friday as Wall Street recovered some of the losses seen in the previous session. The Dow Jones industrial average rose 219.37 points to close at 24,635.21, with Goldman Sachs rising 1.1 percent. The S&P 500 gained 1.1 percent to finish at 2,734.21 as financials and tech rose […]
The IOTA price (MIOTA) surged past other coins’ average daily gains for the day, climbing 17% over its Wednesday level. The project released the beta version of the Trinity Wallet on May 29 and has kept the price momentum since then, as CCN reported. Currently, the IOTA price sits at $1.77. Since May 28 and […]
Morgan Stanley’s chief U.S. equity strategist believes the stock market is in the midst of a cyclical bear market that could last through the end of next year. “I think we’re in a rolling bear market. Every sector has gone down at least 11 or 12 percent at least once this year. Some were down […]
U.S. stocks finished broadly lower Thursday, with the U.S. decision to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico sparking promises of retaliation by trade partners and reigniting fears of a global trade war. And oil, which helped drive a rally for stocks Wednesday, also fell. While stocks ended […]
It’s the last day of May, and the S&P 500 looks on its way to notching its biggest monthly jump since January. That’s as long as the renewed trade spat with Europe, or some other brouhaha, doesn’t send stocks off the rails. Earnings for a bunch of retailers will be a factor today, and traders […]
Italian stocks rallied Wednesday, recovering from a selloff driven by political instability in the country, as the broader European equity market largely found higher footing. Global markets were rocked Tuesday by worries that Italy could be headed for a general election this summer that could deliver a result threatening the euro. What markets are doing […]
Banks and energy companies surged Wednesday and smaller companies made huge gains as stocks got back almost all the ground they lost the day before. Investors reversed course as they hoped Italy would be able to avoid a new round of elections after all. Financial companies rallied as bond yields turned higher and energy companies […]
The Dow Jones rebounded Wednesday above its 50-day moving average, but the blue-chip index, like the S&P 500 index and Nasdaq composite, is stuck in a trading range. But Dow Jones stocks Apple (AAPL), Microsoft (MSFT), Intel (INTC), Nike (NKE) and Visa (V) are all in buy zones. Apple Analysts have been split on whether […]
Noted investor Mark Mobius said Wednesday that he expects a 30 percent drop in U.S. stock markets as a result of massive outflows from exchange-traded funds. “I think a 30 percent correction in the [U.S.] markets is not unforeseen,” Mobius, co-founder of Mobius Capital Partners, said on CNBC’s “Power Lunch.” “I think this is quite […]
