It’s no longer a question of how high the market can move but how low it could drop amid growing talk of an imminent correction. Bets of the stock market pulling lower from current highs have been gaining momentum as analysts and investors remain wary of elevated valuation levels. Market Correction A 30% correction could
Stock Market
The stock market saw another mixed day in New York, with two stocks hitting record highs and one seeing drops over the course of the day. The Dow Jones dropped 0.12% to close at 30,960.00, while the NASDAQ rose 0.69% to close at 13,635.99. The S&P 500 also rose, by 36%, to close at 3,855.36.
GameStop is seeing some controversy to their stocks with a climb up over $150 throughout the day today that ended with a loss for the day. In fact, the company saw shares climb 144% to an intra-day high that was nearly $160, but those stocks were halted several times. Not only that but the stock
Goldman Sachs thinks that there’s something going on behind the scenes with the stock market and things might not be as good as everyone thinks. In fact, they think that there could be a bubble about to burst, especially for a series of high value stocks that they think could happen anytime. “Equity valuations are
The stock market is poised well coming into the new year and a new presidency, but there’s a few stocks that are poised to do even better than others. In fact, it should come as no surprise that the stocks expected to really hit it off are ones that have been able to make a
Inauguration day seems to have went quite well for the stock market in New York with all three major exchanges reporting improvements. The Dow Jones rose 0.83% to close at 31,188.38. The NASDAQ rose 1.97% to close at 13,457.25 and the S&P 500 rose 1.39% to close at 3,851.85. Stocks rose to record highs with
Exchange-Traded Funds have been a central theme and a preferred investment vehicle for investors looking to diversify investment portfolios in the equity markets. Likewise, the ETF marketplace has registered significant capital inflows as investor’s eye broad exposure. Mutual Funds Conversion Concerned by the strong demand for ETFs, a number of mutual funds are contemplating changing
The Chinese bond market might as well be providing early warning signs. Bond defaults edging higher with cash-starved developers breaching central bank red lines for borrowings is already triggering concerns in the $15 trillion bond market. Chinese Bond Market Woes The fact that only 6.3% of Chinese developers can comply with set red line limits
The Dow saw huge improvements in stocks over the course of the day, climbing over 100 points by close. This after a not so good week last week, leading into the holiday weekend. But it seems that some of the news out of Washington is starting to pick things up for the market. Vaccine news
The stock market rose coming out of the holiday weekend, with all three major New York stock exchanges reporting increases. The Dow Jones saw an increase of 0.38% to close at 30,930.52. The NASDAQ saw an increase of 1.53% to close at 13,197.18 and the S&P 500 saw an increase of 0.81% to close at
In one year, Bitcoin prices increased by about 300% even with the past month of volatility and experts feel that an exchange traded fund backed by the digital currency may come eventually, but not in the short term. This may annoy crypto enthusiasts but it gives investing groups more time to ensure that the flaws
Wall Street has been on edge in recent weeks amid waning investors’ sentiments. A pandemic that refuses to fade away coupled with slowing economic recovery and political tensions in Washington continues to weigh in on stocks that have pulled lower from record highs. A few weeks into the New Year and things are not looking
Samsung has confirmed that going forward, it may no longer include charging plugs and earphones in the box, as has been the case in the past. While the move might have caught some customers by surprise, it is likely to affect all the upcoming Galaxy S21 devices. In Box Changes According to the company’s executive
Closing for the stock market was tempered today by news of President-Elect Biden’s plan for a nearly $2 trillion stimulus package. Not to mention the current impeachment news that has shaken up the entire country. The Dow Jones fell 0.57% to close at 30,814.26. The NASDAQ fell 0.87% to close at 12,998.50 and the S&P
The release of President-Elect Joe Biden’s aid plan seems to have tempered some of the plans of the stock market, with numbers coming in slightly lower going in. The aid plan is expected to cost roughly $1.9 trillion and has already been touted as only the first step. It looks like some are a little
It’s been a running joke in investment circles that value stocks are on the verge of breaking out, and time and time again those making those projections just get pushed back. Now, however, a large investment group is putting their weight behind that idea. Vanguard Group, with their asset management portfolio of $6.2 trillion is
The stock market saw a drop across the board today with all three major New York stock exchanges showing a decrease over the day. The Dow Jones saw a drop of 0.22% to close at 30,991.52. The NASDAQ dropped 0.12% to 13,112.64 and the S&P 500 fell 0.38% to close at 3,795.54. STOXX Europe, on
Stock markets around the world rallied in hopes of a major economic stimulus package will come quickly after the inauguration of President-elect Joe Biden on the 20th, and Goldman Sachs’ projects now that by the end of 2021 the S&P 500 will be at 4,300 points as a realistic outcome. The chief of Goldman
Advertiser Disclosure StocksForYou is not your typical stock recommendation service but one that offers the best and timely stock recommendation for investors eyeing high returns. The service has mostly lived up to expectations on helping beginners focus on the right things in the market, as was the case in a recent newsletter from November that we
The stock market closed with mixed results today, with the Dow Jones coming in lower by 0.03% to close at 31,060.47. The NASDAQ closed up 0.43% to finish at 13,128.95 and the S&P 500 closed up 0.23% to finish at 3,809.84. STOXX Europe climbed today, by 0.11% to close at 409.07. GameStop Corp. saw
Benchmarks for the United States stock market trended slightly higher on opening today as data about inflation for the United States dollar remained stagnated and a vote from the House of Representatives about impeaching President Donald Trump one week before he leaves office coming today. On Tuesday the stock market moved back and forth from
Bonds remain under pressure as talk of more stimulus package to revitalize a struggling U.S economy continues to gather pace. The yield curve is steepening as investors await big borrowing under the Democrat’s regime, who now control both houses. Rising Yields The U.S 10-year debt is up by more than ten basis points for the
In something that has become a cliche for many who have scoffed at cryptocurrency before, Bitcoin has entered bear-market territory as in the last 48 hours it has dropped at least 20%. Bitcoin has always been known as volatile and has a history of massive price swings both up and down over its history. It’s
The stock and cryptocurrency markets were on edge on Monday as a sell-off wave gripped both counters. The sell-off came amid growing tensions and uncertainty in Washington as house speaker Nancy Pelosi laid down an ultimatum for Vice President to invoke the 25th amendment. Pelosi has made it clear that the House will impeach President
Tesla Inc. (NASDAQ:TSLA) means business in pursuit of growth opportunities in the vast Chinese electric car market. The electric vehicle giant is expanding its Gigafactory in the city of Shanghai with the construction of new buildings. The tech giant also plans to appoint a new design director, tasked with leading the Chinese arm of the
Monday morning saw investors start their day by moving toward more conservative options with futures for precious metals like gold bouncing around as the global stock markets saw decreases and BitCoin, the modern rival to gold had a major price correction after a rally to $40,000. Also the United States dollar remained buoyant and may
When 2020 started a milestone was hit in job demographics, as women held more jobs than men in the United States, something that only happened one other time at the end of 2009 and into 2010. There were still discrepancies, as women are more likely to work part-time because of expectations as caregivers and full
Following yesterday’s chaos at the Capital, it seems the stock market is coming back up as we head into the weekend. The Dow Jones finished up 0.18% to close at 31,097.97. The NASDAQ closed up 1.03% to finish at 13,201.98 and the S&P 500 closed up 0.55% to finish at 3,824.68. STOXX Europe also saw
With the financial markets ignoring the turmoil caused from the riots and confusion on Capitol Hill yesterday, delaying the certification of electors for President-Elect Joe Biden, both the Dow Jones Industrial Average and S%P 500 hit new highs at close on Wednesday and the Nikkei 225 notching another 30 year record on Thursday. However investor
The first major business transaction of 2021 was set in motion on Wednesday morning as Walgreens Boots Alliance Inc., the company that owns Walgreens pharmacies, announced that it has decided to sell a majority of its Alliance Healthcare business to the pharmaceutical product and services provider AmerisourceBergen Corp. in a $6.5 billion deal. The transaction
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