Strong earnings from Intel and other companies drove Wall Street indexes to record closing highs on Friday, while the U.S. dollar remained weak after recent comments by the U.S. Treasury secretary. The S&P 500 jumped 1.2 percent, its biggest daily percentage gain since March 1. The S&P and the two other main indexes all notched […]
Anybody hoping for a replay of the stock market advance that followed U.S. President Donald Trump’s first address to Congress may be disappointed. This time around, shares could suffer if Trump does not tread carefully on hot-button issues. The S&P 500 jumped 1.4 percent the day after Trump’s speech last February, as an unexpectedly measured […]
U.S. stocks spent a second day flipping between small gains and losses Thursday as investors again looked for hints about the Trump administration’s stance on international trade and the dollar. Major indexes ended the day mixed as airlines plunged while biotech drugmakers climbed. Homebuilders fell sharply after the Commerce Department said sales of new homes […]
Hedge fund manager Bill Miller warned clients that a rush out of bonds is about to “propel stocks significantly higher.” “I believe that if rates rise in 2018, taking the 10-year treasury above 3 percent, that will propel stocks significantly higher, as money exits bond funds for only the second year in the past 10,” […]
The FANG stocks’ earnings season started off strong as Netflix crushed subscriber expectations Monday. One analyst is optimistic the other internet giants in the famed technology basket will also report strong earnings results next week. Netflix shares surged 15 percent in the two days following the stunning results. “We expect its FANG brethren to continue the ‘beat […]
As equity valuations soar, the risk of an stock-market correction also is running high. That could drive the Federal Reserve to step to intervene to dampen investor enthusiasm, if a potential stock-market crash threatens to derail a robust U.S. economy, according to Adam Slater, lead economist for Oxford Economics. “The risk of such a damaging […]
Stocks reversed lower Wednesday and the dollar sank amid protectionist talk from Trump officials in Davos. Apple (AAPL), Intel (INTC) and General Electric (GE) weighed on the Dow Jones industrials. PowerShares QQQ Trust (QQQ) tumbled 1.2%, SPDR S&P 500 (SPY) shed 0.5% and SPDR Dow Jones Industrial Average (DIA) was down 0.3%. Emerging markets outperformed […]
Airlines have had a fairly good year so far, helped by Delta Air Lines’ (DAL) strong fourth-quarter earnings and robust December traffic reports, and there’s plenty of optimism about the sector. And United Continental (UAL) just killed it. Here’s what’s happening: United Continental did what many hoped it was when it reported a beat-and-raise quarter. […]
The major market averages continued their slew of gains in 2018, as China-based leader Alibaba (BABA) jumped into new highs in the stock market today. The tech-heavy Nasdaq rose 0.2%, while the S&P 500 and Dow Jones industrial average moved up 0.4% and 0.6%, respectively. Among the Dow Jones industrials, General Electric (GE) reversed from […]
On a mixed day for the indexes, United Continental lost altitude after analysts questioned its growth plan, and W.W. Grainger soared on a strong profit report. The major benchmarks made big swings between losses and gains on Wednesday. The Dow Jones Industrial Average (DJINDICES:^DJI) closed at a record high, but the S&P 500 (SNPINDEX:^GSPC) posted […]
Jared Smith represents a new breed of millennial: someone who saw the financial crisis unfold during his formative years but is now ready to step back into the arena and take some risk. The 31-year-old New Yorker is a big believer in stocks. While that seems like a no-brainer for a market that has skyrocketed […]
Biotech stocks have been moving north of late, largely driven by a spate of deal news. Such deals lend financial stability to businesses and maximize shareholders’ wealth. Further, more deals are expected to be signed in the biotech space, now that the tax reform bill allows companies to repatriate cash pilling up overseas. Corporate taxes, […]
