stocks selloff, dow, S&P, Nasdaq, jobs report
Economist Peter Morici criticized the Biden administration’s economic policies, discussing tax cuts on Social Security benefits that former President Trump promoted during his election campaign. U.S. stocks are on their worst run since 2022 as a series of weak economic reports has fueled investor concern that a recession is on the way. All three major […]
Stocks Gain as Big Week for Central Banks Starts: Markets Wrap – Yahoo Finance
(Bloomberg) — European stocks are set to gain early on the back of strength in Asian markets at the start of a week filled with major central bank decisions and big tech earnings reports, while the yen strengthened. Most read articles on Bloomberg Euro Stoxx 50 futures rose 0.5%, while major U.S. futures also rose. […]
Stocks, Dow, Fed, rate cuts, Trump, Harris, Paris Olympics
Kamala Harris, economy, tax proposals Stocks surge after inflation data released on hopes of September rate cut Trump-Harris battle heats up 2024 White House race Bitcoin nears $70,000 as cryptocurrency could play role in election campaign Tesla CEO Elon Musk appears before Congress as President Trump makes clear his stance on EVs Delta’s Crowdstrike Nightmare […]
Most Asian Stocks Fall After Big Tech Disappoints: Markets Wrap – Yahoo Finance
(Bloomberg) — Most Asian stocks fell, following a sell-off on Wall Street after the “Magnificent Seven” giants got off to a weak start with earnings reports. Most read articles on Bloomberg Stock indexes in Japan, Hong Kong and mainland China all fell, while South Korea’s index alternated between rises and falls. U.S. stocks fell on […]
Tech stocks recover, boosting overall market
Shares of several major technology companies recovered on Monday after suffering big losses last week. Tesla rose 5.2% as of the market close on Monday, Nvidia rose 4.8%, Facebook and Instagram parent Meta rose 2.2%, Google parent Alphabet rose 2.2%, and Microsoft rose 1.3%. Amazon and Apple were the only Magnificent Seven stocks to fall […]
Lynx: Buy TSM, chip stocks as sector sell-off expected to reverse – Investing.com
Shares of TSMC (TSM) and other semiconductor makers came under heavy pressure last week, mainly due to reports that the U.S. is considering tougher trade restrictions to limit China’s access to advanced chips. The Biden administration is reportedly considering tougher measures against companies such as Tokyo Electron and ASML ( ASML ) if they continue […]
Asian stocks sink on political uncertainty; China rate cut offers little cheer – Investing.com
Investing.com — Most Asian stocks fell on Monday amid uncertainty about how the change in U.S. leadership will affect the region. Even a surprise interest rate cut in China wasn’t enough to lift market morale. Regional markets are still digesting US President Joe Biden’s sudden decision to forgo reelection and instead endorse Vice President Kamala […]
How will this ‘wacky’ 2024 election impact stocks? Maybe not how you think
Inflation! Jobs! Deficits! Tariffs! Regulation! Tax cuts! Tax increases! Sure, there are plenty of economic issues to worry about when it comes to the 2024 election, but that’s separate from which candidates are being attacked and who’s confusing the running mate with the running mate. So what does this massive election drama mean for the […]
Small Stocks Keeled Over after Brief Super-Hyped “Rotation” Spike. Magnificent 7 lost $1.3 trillion in Seven Days – WOLF STREET
$1.3 trillion came and went in less than a month and people didn’t even notice. Amazing. From WOLF STREET by Wolf Richter. The week was marked by a continued sell-off in tech stocks and a wilting of the much-touted “rotation” into smaller caps. The S&P 500 fell 2.0%, the Nasdaq Composite fell 3.6%, the Nasdaq […]
2 Growth Stocks That Could Skyrocket in the Back Half of 2024 and Beyond – Yahoo Finance
Lululemon Athletica (Nasdaq: LULU) and Celsius Holdings (Nasdaq: CELH) are two consumer brands that have been hugely popular for years. Both stocks have performed well over the past few years but have seen significant sell-offs this year. Let’s take a look at why these stocks were sold off and why they are likely to rebound […]