U.S. stocks staged a late-day comeback on Thursday, boosted by economic comeback plays as the market rebounded from a two-day losing streak. The S&P 500 closed 0.5% higher at 3,909.52, wiping out a 0.9% intraday loss. The Dow Jones Industrial Average gained 199.42 points, or 0.6%, to 32,619.48 after losing...
One year ago this week, the stock market bottomed out. But since then investors have ridden a giant wave of vaccine progress, epic fiscal stimulus and unprecedented support from the Federal Reserve as trillions of dollars were spent to thwart a pandemic Depression. The S&P 500 has surged a stunning...
Crypto analyst and trader Lark Davis says he expects Ethereum to appreciate by at least 400%. In a new video, the crypto influencer outlines some of the bullish catalysts that could catapult Ethereum to higher highs. Davis first notes that the number of long-term Ethereum holders is rising as whales appear...
Speculative investors may face a reality check this month. According to CFRA’s Sam Stovall, conditions are ripe for a major market correction. “We are getting a little late into this rally,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Monday. “Investors will feel that they need to take some...
U.S. stocks tumbled on Tuesday as concerns about the cost of infrastructure spending and potential tax hikes to pay for President Joe Biden’s $1.9 trillion relief bill weighed on investors who also fear further downside in the market. Remarks by Treasury Secretary Janet Yellen that the U.S. economy remains in...
Owning dividend stocks can be a great way to both generate cash flow and beat the market long term. And if you can find stocks that are overlooked or underappreciated by the market, it can give a leg up to your investment plans. For a few different reasons, I think...
Bitcoin has fallen beneath the $50,000 psychological support line hitting its lowest point in 48 days. At around 17:00 UTC on Thursday, bitcoin (BTC, -10.05%)‘s price fell from around $54,900 to $51,500 before the markets inflicted another sell-off to $48,300, according to Bitstamp exchange data. Prices are currently hovering around...
The stock market’s record-long bull run just capped another milestone Wednesday — the S&P 500 jumped above 3,000 for the first time, nearly five years after the index hit 2,000. These are the stocks that powered the historic rally. Medical implant manufacturer Abiomed led the herd, surging a whopping 909% since the S&P 500...
The stock market’s performance hasn’t been pretty lately, and bank stocks have been hit particularly hard. While nobody enjoys watching their portfolio’s value drop, situations like this produce some of the best long-term investment opportunities. With that in mind, here’s why three of our contributors think Synchrony Financial (NYSE:SYF), First Hawaiian (NASDAQ:FHB), and American...
U.S. stocks closed sharply lower Friday, with all major indexes logging their worst day in more than 2 ½ months, after a downbeat round of economic data in Europe and the U.S. stoked global growth fears while a closely watched measure of the yield curve inverted for the first...
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