Stocks Rise on Dovish Rate Bets; Bond Rally Pauses: Markets Wrap – Yahoo Finance
(Bloomberg) — Stocks rose on bets that a weakening economy will give the Federal Reserve room to cut interest rates this year, while Treasury bonds pared a rally that had sparked the biggest two-day drop in yields this year. Most read articles on Bloomberg S&P 500 contracts rose after the underlying index closed just 0.6% […]
Mild Correction In Stocks Amidst Growing Background Problems In Bidenonmics
We have suggested since late December that equities would start having some difficulty as we were seeing disturbing signs in the credit markets, commercial real estate, and housing markets. The stock market, however, did not seem as worried as we were and went on to have a stellar quarter. Corporate earnings remain decent and liquidity […]
Stocks making the biggest moves after hours: CRWD, HPE, VRNT – CNBC
A look at companies making waves in after-hours trading: CrowdStrike — Shares rose 7% after the cybersecurity company reported better-than-expected quarterly earnings and guidance. CrowdStrike reported first-quarter adjusted earnings of 93 cents per share on revenue of $921 million, beating analysts surveyed by LSEG’s expectations of 89 cents per share on revenue of $905 million. […]
India stocks tumble 5% to lead Asia markets lower on tighter-than-expected election race; Adani stocks tank 20% – CNBC
3 hours ago Adani Group shares fall nearly 20% Adani Group shares fell nearly 20% after results from India’s general election showed a closer race than expected between the BJP-led NDA and the Indian National Congress-led INDIA alliance. Adani Ports plunged more than 18 percent and Adani Enterprises plunged 19 percent. Both stocks rose more […]
Stocks Need a Strong Economy to Keep Rising. The Data Are Getting Worse. – Barron's
The stock market got off to a shaky start on the first trading day of June, with some market watchers predicting the summer blues will continue for some time to come. The U.S. economy and stock market have performed surprisingly well in recent years, and a recession that was previously thought to be absent or […]
Indian stocks hit record highs as exit polls suggest big Modi win – CNN
New Delhi CNN — Indian stock markets hit a record high on Monday after experts predicted a landslide victory for incumbent Prime Minister Narendra Modi in general elections. India’s main stock index, the Sensex index (tracking the 30 largest companies), and the broader Nifty 50 index both rose more than 3% to close at record […]
India Stocks Hit Record, Rupee Gains as Polls Predict Modi Win (Bloomberg) – Yahoo Finance
(Bloomberg) — In India, exit polls showing a landslide victory for Prime Minister Narendra Modi’s ruling party sent a wave of enthusiasm across markets, sending stocks soaring to record highs and boosting the rupee and government bonds. Most read articles on Bloomberg The NSE Nifty 50 index rose 3.6% after most polls showed the Bharatiya […]
Asian Stocks Eye Early Gains as Rate Cut Bets Firm: Markets Wrap – Yahoo Finance
(Bloomberg) — Asian stocks rose on Monday as a weak reading of the Federal Reserve’s preferred inflation gauge spurred hopes of an interest rate cut. Most read articles on Bloomberg Australian, Japanese and Hong Kong shares rose, while Indian stock futures surged after exit polls showed a landslide victory for Prime Minister Narendra Modi’s party. […]
Software stocks got pummeled this week after a cluster of troubling earnings reports – CNBC
Shares of cloud software vendor Salesforce plunged about 20% on Thursday, its biggest drop since 2004, after the company reported weaker-than-expected revenue and a disappointing earnings outlook. Chief Executive Marc Benioff said Salesforce grew rapidly during the pandemic as companies rushed to buy products for remote work, after which customers had to integrate and ultimately […]
Trump’s conviction, stocks May rally, oil merger mania, Costco’s update
Kenny Polcari, chief market strategist at SlateStone Wealth, joins “Varney & Co.” to discuss whether a guilty verdict for President Trump would have a long-term impact on the markets. – Former President Trump’s historic conviction -Stock prices end May on a positive note -The Fed’s favorite inflation indicator is released -Oil industry merger boom accelerates […]