The wild-west days of crypto markets are back again as the large trading houses that once thrived on arbitraging price gaps pull back in the wake of FTX’s collapse. That’s opening up profitable opportunities for anyone that still dares to trade. Prices for essentially identical assets on various platforms are diverging in a clear sign […]
Tag: Stocks
Fed Ex not the only corp to sound a warning bell
Corporate America is starting to brace for a recession. Economic bellwether FedEx (FDX) stunned Wall Street last week with a massive earnings warning and tepid outlook for the global economy. FedEx’s bad news overshadowed a more promising development on Thursday, the agreement between railroad operators and unions to avoid what could have been a crippling […]
Netflix is on the ropes. This week will determine its future
Netflix, once a darling of Wall Street, is suddenly on the ropes. The streaming giant will report its second-quarter earnings on Tuesday, and it’s shaping up to be one of the most consequential moments in the 25-year history of the company. Netflix is having a terrible year. In April, the company reported that it had […]
Stocks enter bear market on worries of drastic rate hikes
US stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation. The Dow (INDU) sank 750 points, or 2.4%, and the Nasdaq fell 3.7%. Friday’s miserable Consumer Price Index report showed US […]
Stocks Reach Record Record High In 2020
Stocks climbed to record highs Wednesday as investors sifted through positive news on the U.S. economy, a number of corporate earnings reports and two high-profile forthcoming stock splits. Ticker Security Last Change Change %SP500 S&P 500 3478.73 +35.11 +1.02%I:COMP NASDAQ COMPOSITE INDEX 11665.060312 +198.59 +1.73% The S&P 500 and the Nasdaq Composite notched records, rising […]
Dow Jones Drops Over 800 points
U.S. stocks dropped sharply Wednesday as a massive selloff in the biggest tech stocks drove markets to lows not seen since this winter. The Dow plunged 831 points, losing 3.15 percent of its value. It was the second-biggest drop of the year for the Dow, which on Feb. 5 lost over 1,100 points in a […]
Dow Gains 130 Points, Reaches All Time High
U.S. equities kicked off the second half of the year on the right foot, closing mostly higher on Monday as bank stocks climbed. The Dow Jones industrial average notched a record high before closing about 130 points higher, with Goldman Sachs contributing the most gains. The S&P 500 rose 0.23 percent, with financials and energy […]
Stock Market Soars Post Election, Corrections Coming
Donald Trump’s election has given a quick boost to stocks, with the Dow Jones industrial average touching all-time highs. Since markets closed Tuesday, the Dow and the S&P 500 are up about 3 percent — and that’s after coming back from the massive Tuesday night drop. Some market observers expect that boom to continue through […]