The market saw a relatively good day today with all three major New York exchanges coming in positive. This included the Dow Jones, which rose 1.35% to 31,961.86; the NASDAQ, which rose 0.99% to 13,597.97; and the S&P 500, which rose 1.14% to close at 3,925.43. STOXX Europe saw an increase of 0.46% to close
Investing
The past year has been great for the companies that run the natural resource mines of the world. The FTSE 350 mining index that includes major diversified mining titans such as Rio Tinto, BHP Group, Anglo American, and Glencore, have returned 46% on average to shareholders over the past year according to FactSet compared to
Bond yields continue to be performing well as optimism of an economic recovery starts to grow. The higher bond yields reflect economic optimism and have fuelled the buy-the-dip mentality with investors optimistic that vaccinations will spur an economic recovery. On Tuesday, Boeing Co. (NYSE:BO) borrowed $9.8254 billion in the corporate bond market via three-part financing
According to Goldman analysts, crude oil prices are likely to rise sooner, and her than anticipated thanks to energy demand recovery globally, which had outpaced additional supply from US shale and OPEC. The analysts raised their previous Brent price predictions by $10 per barrel to $70/bbl in Q2 and $75/bbl in Q3. Oil prices to
Elon Musk and Warren Buffett have been moving markets this with Musk’s tweets lifting Bitcoin, Dogecoin, GameStop Corp (NYSE:GME), and other assets. On the other hand, Buffet’s Berkshire Hathaway’s bets on Chevron and Verizon boosted the stocks this week. “Buffet Bump” helped Chevron and Verizon surge Buffett’s decisions have been moving markets considering most investors
Investors are eyeing up the possibility of a massive long-term infrastructure spending plan even though lawmakers in the United States are focused on short-term coronavirus relief put forth by Joe Biden’s $1.9 trillion plan. Analysts are starting to embed expectations for infrastructure spending with a 25% growth in earnings projections for companies in the machinery
The stock market starts the week under some pressure as yields from bonds rise with the hopes of a global economic recovery is on the horizon. The hopes have been raised with the continued vaccine rollouts around the world and the $1.9 trillion stimulus package from the Biden Administration. THe yield of the benchmark 10-year
Although 6G is years away, Apple Inc. (NASDAQ:AAPL) is already preparing for that to avoid relying on companies such as Qualcomm Inc. (NASDAQ:QCOM) with the next generation wireless tech gathering steam. The company launched its 5G iPhones recently, and already it is planning on developing iPhones using 6G wireless speeds, stating that it wants to
Applications for new United States unemployment benefits grew in the middle of February to the highest in four weeks to 861,000. This shows that Americans are still losing many jobs over a year after the beginnings of the coronavirus pandemic in the country. The initial claims field through the states rose by 13,000 to hit
US president Joe Biden has extended the ban on housing foreclosures up to June 30 to help renters who are struggling with the impact of the Pandemic. The foreclosures suspension for federally guaranteed loans was expected to expire at the end of March 31. Biden extends housing foreclosure According to data from Census Bureau, around
Retail sales in the United States jumped in January with the first growth in four months. This adds evidence that a rebound to the economy is in the picture after financial aid from the government helped influence spending and the number of coronavirus cases fell. Retail sales saw gains of 5.3% during the month of
In a note to clients, JPMorgan has indicated that the curb on US investors owning securities from various Chinese firms will affect bonds worth $60 billion and led to huge outflows due to forced selling. Ban of US Investors on Chinese securities to affect $60 billion in bonds The Trump administration issued an executive order
The House Financial Services Committee is investigating the coordinated effort from Reddit’s equity trading community to drive the surge in GameStock Inc.’s (NYSE:GME)stock price and other shares thus squeezing hedge funds such as Melvin Capital who had bet against it. The committee will hold a hearing on February 18 entitled “Game Stopped? Who Wins and
Currently, Wall Street is moving from one craze to another from GameStop Corp (NYSE:GME) to Bitcoin and now special purpose acquisition corporations (SPACs), which are also called blank check companies. The SPACs space was once an odd security backwater, but it is now raging with a lot of interest. Kaepernick forms a SPAC The segment
While many venues of major entertainment are closed from the public for their purposes many investors think that the public will jump right in when the major threat of the pandemic is over. In fact these investors are thinking there will be a surge in consumer spending to many industries that have been hit hardest
Tesla Inc. (NASDAQ:TSLA) lit up the market after confirming a $1.5 billion stake in high flying cryptocurrency Bitcoin. The investment came hot on the heels of Square confirming a $50 million bet and MicroStrategy investing more than $200 million. As it stands, mainstream investments on Bitcoin looks set to edge higher eve further. Morgan Stanley
Walmart Inc (NYSE:WMT) is spearheading the vaccination drive against the havoc-causing COVID-19. The nation’s largest retailer has expanded the number of locations where the vaccines are available in Georgia, from 10 to 60. Retail Chain Vaccination Drive Similarly, the number of Sam’s Club locations offering the vaccine has increased from two to six, including 14
Coming off of another record high on Wednesday the Dow Jones Industrial Average looked on while the Nasdaq and S&P 500 fell. That was led by those stocks listed on the small market capitalization net Russell 2000. It’s not the end of road for the small capitalization stocks yet however. Financial research specialists at Leuthold
Real Estate has remained resilient even as the COVID-19 pandemic continues to disrupt the global economy. Transaction and activities in the sector have been building up over the past year at the back of new projects and strong demand for new homes. PGIM Real Estate conforming it completed nearly $30 billion in transactions in 2020,
The stock market saw another mixed day today with all three major markets making relatively small changes in either direction. The Dow Jones rose 0.20% to close at 31,437.80. The NASDAQ fell 0.25% to close at 13,972.53 and the S&P 500 fell 0.03% to close at 3,909.88. STOXX Europe also saw a fall today of
Tuesday’s trading session ended with a drop in both the Dow Jones Industrial Average and the S&P 500, which resulted in breaking the longest win streak for stocks in months. However there is something itching at the back of many investors minds, is there a major correction around the corner? Even bullish investors are starting
The Exchange Traded Fund frenzy does not show any signs of cooling off even with equities at all-time highs and amid fears of an imminent correction. With social media emerging as a powerful tool capable of influencing actions in the equity markets, ETFs targeting the social media frenzy could be the way forward. Investment firm
The stock market saw a mixed day for the first time in quite some time today. In fact, only one of the major New York markets saw an increase today and only by a small margin. The Dow Jones fell 0.03% to close at 31,375.83. The NASDAQ rose by 0.14% to close at 14,007.70 and
Apple Inc. (NASDAQ:AAPL) has shelved plans to partner with Hyundai and Kia motors in the development of autonomous electric cars. The confirmation comes barely a month after reports emerged; signaling that the two were close to finalizing a deal that would see the iPhone maker venture into the auto business. Apple Project Titan Initial reports
The stock market has been riding a high lately and it seems set to continue. As the week starts, all three major markets are still reporting gains. The Dow Jones rose 0.76% to close at 31,385.76. The NASDAQ closed up 0.95% to finish at 13,987.64 and the S&P 500 closed up 0.74% to finish at
With another busy earnings week it appears that the stock market will begin with a good start. Even without earnings, the idea that a new stimulus package will help the United States economy has spurred enough optimism to push the markets forward. That was helped by statements by Treasury Secretary Janet Yellen that Joe Biden’s
Benchmarks for the stock exchanges started strong on Monday morning which is another notch to bookend the strongest week on the market since November as investors everywhere appear to be ready for an influx in spending as the stimulus package appears to be confirmed. In the morning as trading kicked off the Dow Jones
Alphabet Inc. (NASDAQ:GOOGL) backed insurance start-up, Oscar Health has filed for an initial public offering seeking cash following the telehealth market demand surge during the pandemic. The start-up founded in 2012 by Kevin Nazemi (no longer with the company), Mario Schlosser, and former President Trump’s adviser Jared Kushner’s brother Josh Kushner listed the size of
The US FDA has approved Bristol-Myers Squibb’s Co. (NYSE:BMY) CAR T drug liso cel, Breyanzi in the treatment of certain B-Cell lymphomas in patients that have relapsed or have not responded to two other systemic treatments. Breyanzi approved for the treatment of B-cell lymphoma Bristol Myers will market the chimeric antigen receptor therapy, which is
This was the best week since November for the stock market, even though there were a lot of negative reports going on as well. In fact, the jobs report showed that there was a smaller level of growth in January than what had been expected, but that still doesn’t seem to have affected the market
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