US stocks opened sharply lower on Thursday following the release of closelywatched inflation data, while Wall Street was headed for its worst first half of the year in more than 50 years. How are stock-index futures trading? The S&P 500 dropped 72 points, or 1.9%, to 3,746. Dow Jones Industrial Average fell 509 points, or…
Read More “Dow down more than 500 points as brutal first half comes to close” »
A little more judging by stock futures reaction this morning. Thank China for some of that as the country announced the biggest easing in COVID travel requirements since about March 2020. China’s news may add to the sense that inflation has peaked, given the supply constraints that the lockdown there has produced. That brings us…
Major US stock indexes posted their biggest declines in more than a week on Monday as investors weighed stronger-than-expected data on durable goods against expectations for a slowing economy that could limit the magnitude of Federal Reserve rate increases. What happened The Dow Jones Industrial Average DJIA, -0.20% finished down by 62.42 points, or 0.2%,…
Read More “US stock indexes book biggest daily drop in over a week despite strong economic data” »
Rising US interest rates and inflation at multidecade highs is waking investors up to the fact that a vivid imagination is no way to buy a stock. Until recently, the investors who had the richest imaginations seemed to make the most money – until they lost their gains in a matter of months. ARK Innovation…
US stocks ended mixed Friday, with the Dow Jones Industrial Average erasing gains late in the session, as investors continued to weigh concerns over slowing economic growth and a more aggressive Federal Reserve. All three major stock benchmarks booked a third straight week of losses, with the S&P 500 seeing its worst weekly percentage drop…
This article has been updated to correct the identification of Citadel Securities. Hello! Welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I’m writing it in the heat of Austin, TX, where Consensus, a multi-day crypto conference kicked off today. As usual, find me on Twitter at FrancesYue_ to…
Read More “Ethereum close to its major upgrade, but why has it fallen more than bitcoin?” »
An environment of rising interest rates has made the Nasdaq Composite Comp hard to love the past year, but its 22% drop seems to be opening opportunities for some. That brings us to our call of the dayfrom Chul Chang, a manager on Vontobel’s US Equity Institutional Fund VTUIX. He says investors are so busy…
US stocks closed higher Tuesday, picking up steam late afternoon and shaking off early weakness after a profit warning from retailing giant Target Corp. reinforced worries over the retail sector. All three major stock benchmarks booked solid gains as the 10-year Treasury yield hovered near 3%. How did stock indexes perform? The Dow Jones Industrial…
