Magellan Midstream Partners: “Ouch. My charitable trust sold it today. It gets upgraded. Why did we sell? Because I just don’t like what’s going on with FERC and the Permian. But you know what? I think you’re getting an opportunity to be able to say, ‘OK, I don’t like these master limited partnerships. Let’s go.’” […]
A strategist at J.P. Morgan Private Bank sees positive news ahead for equity investors, despite growing fears in the investment community that major indexes may have topped out. Stocks have had a rocky few months after a historically high 2017. Market turmoil in the first days of April saw its worst second-quarter open since the […]
The Facebook data scandal showed that the group of technology stocks known as the FANGs were operating in a “kind of fairyland,” one analyst told CNBC Thursday, with J.P. Morgan adding that it is “switching preferences” away from just internet stocks. FANGs refer to shares of Facebook, Amazon, Netflix and Alphabet-owned Google. Tech stocks have […]
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 […]
