The nine-year bull market might be on its last legs. Fifty-eight percent of global money managers surveyed by Bank of America Merrill Lynch think the stock market has already peaked or will later this year. Despite the market mayhem of recent months, the S&P 500 has quadrupled since its financial-crisis lowpoint in early 2009. Yet […]
Key market index funds finished mixed Wednesday as IBM (IBM) weighed on the Dow Jones industrials despite beating Q1 earnings and sales forecasts. SPDR Dow Jones Industrial Average (DIA) dipped 0.2%. PowerShares QQQ Trust (QQQ) climbed 0.2%, and SPDR S&P 500 (SPY) added 0.1% in the stock market today. Foreign markets outperformed with iShares MSCI […]
Markets in Asia tracked modestly higher on Thursday after U.S. stocks notched gains in the last session amid improved investor sentiment. The Nikkei 225 added 0.49 percent in early trade. The Topix subindexes for sea transportation and steel were among the best-performing sectors in the morning, rising 2.05 percent and 2.35 percent, respectively. Over in […]
Gold prices settled modestly lower on Tuesday, following gains in the last two sessions, as stocks climbed on the back of upbeat earnings and the dollar drifted a bit higher, with news on the geopolitical front quiet for now. June gold GCM8, -0.16% eased back by $1.20, or just under 0.1%, to settle at $1,349.50 […]
U.S. stocks rallied on Tuesday, with major indexes closing at the highest levels in about a month as the latest round of corporate earnings supported the thesis that valuations are supported by economic activity. The day’s gains were broad, with all 11 S&P 500 sectors ending in solidly higher territory, although the technology and consumer-discretionary […]
With increased geopolitical worries threatening markets at every churn of the 24-hour news cycle, CNBC’s Jim Cramer wanted investors to be prepared for the next marketwide panic. “What works here [is] not just in spite of these worries, but perhaps, in some cases, because of them,” the “Mad Money” host said on Tuesday. Every time investors or […]
Markets in Asia traded mostly higher on Wednesday, as investor confidence stayed firm on the back of Wall Street’s advance following strong earnings. In Japan, the Nikkei 225 rose by 1.16 percent and the broader Topix added 0.83 percent. Gains were broad-based, with retailers, utilities and technology among the rising sectors. Across the Korean Strait, […]
Russian stocks trading in the U.S. and the ruble jumped after a report that President Donald Trump would not extend further economic sanctions on Russia, contradicting comments from Nikki Haley, the U.S. ambassador to the United Nations. The VanEck Vectors Russia ETF reversed earlier losses and jumped 1.6 percent, while the iShares MSCI Russia Capped […]
Russia’s stocks lost ground Monday as the Trump administration looked set to impose more sanctions on that country. The RTS Index — a gauge tracking Moscow-listed stocks — was recently down 0.4% to 1,099.89. The VanEck Vectors Russia ETF RSX, +1.77% dipped 0.1% in premarket action after showing a drop of more than 1% earlier. […]
As earnings kick into full swing, CNBC’s Jim Cramer needed to address the unexpected weakness in the big bank stocks. “Bank of America reported a spectacular quarter this very morning with fantastic earnings growth. It came right on the heels of the amazing numbers we heard on Friday from J.P. Morgan and Citi[group],” the “Mad […]
Most Asian markets drifted lower on Tuesday as investors digested the release of better-than-expected China data. The dollar was also broadly steady after slipping on the back of an overnight pick up in investor confidence amid fading geopolitical concerns. In Tokyo, the Nikkei 225 was little changed and last edging higher by 0.01 percent. The […]
When compared to more traditional equities, penny stocks are less expensive dollar wise. But they’re also highly volatile and the companies behind them are often cloaked in obscurity. “Penny stocks truly are the Wild West of the financial landscape,” says Robert Johnson, President and CEO of the American College of Financial Services. Johnson is in […]
