Traders and financial professionals work ahead of the closing bell on the floor of the New York Stock Exchange. Drew Angerer | Getty Images U.S. stock futures pointed Thursday night to more losses after the major indexes suffered a tumble that sent them more than 10% below their record highs. As of Thursday 10:53 p.m. […]
Stock futures fall on report of first US coronavirus case of unknown origin
President Donald Trump holds a news conference with members of the Centers for Disease Control and Prevention(CDC) on the COVID-19 outbreak at the White House on February 26, 2020. Andrew Caballero-Reynolds | AFP | Getty Images U.S. stock futures on Wednesday night pointed to significant declines at Thursday’s open even after President Donald Trump tried […]
Dow futures bounce as Wall Street attempts comeback from monster 2-day slide
Stock futures were up in overnight trading after stocks’ worst two-day rout in more than four years amid heightened concern the coronavirus will upend global economic growth. As of 10:23 p.m. ET Tuesday, futures on the Dow Jones Industrial Average rose 177 points, pointing to an implied opening gain of 236.54 points for the index […]
Stock futures bounce in overnight trading following the Dow’s 1,000 point rout
Stock futures bounced a bit on Monday evening following the market’s worst decline in two years on coronavirus fears. As of 10:03 p.m. ET Monday, futures on the Dow Jones Industrial Average were up by 156 points, implying an opening gain of 178.2 points for the index on Tuesday. S&P 500 and Nasdaq futures also […]
Coronavirus could spark a 20% technology pullback, Paul Meeks warns
Investor Paul Meeks is bracing for a bear market in technology. Meeks, who’s known for running the world’s largest tech fund during the dot-com boom, sees 20% pullback risks growing as the coronavirus outbreak spreads. “There is some comeuppance due, and unfortunately I think the coronavirus is that exogenous variable that is a catalyst to […]
Read Warren Buffett's annual letter to Berkshire Hathaway shareholders
Warren Buffett released his annual letter to Berkshire shareholders on Saturday. Read it here. Source link
Free trading fuels rampant speculation in stocks
Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Small investors are flocking to high-flying growth stocks after the brokerage industry made trading free. In the months since major […]
First Solar, Dropbox, Fitbit and more
A contractor for First Solar Inc. works on construction of the Tenaska Imperial Solar Energy Center South project in Imperial County, California. Sam Hodgson | Bloomberg | Getty Images Check out the companies making headlines after the bell: Dropbox — Shares of the data services company soared 13% during extended trading after the company announced […]
JP Morgan’s Kolanovic sees a bubble in defensive and tech stocks
Traders work on the floor of the New York Stock Exchange shortly after the opening bell in New York, January 24, 2020. Lucas Jackson | Reuters A bubble has formed in defensive and low-volatility stocks as coronavirus fears drove a record number of investors to those pockets of the market, according to JPMorgan’s quant guru […]
China’s after-school programs to shut down or move online
Chinese students of Fuyang No.5 Middle School study in a classroom at night for upcoming National College Entrance Examination (Gaokao) on May 29, 2018 in Fuyang, China. Visual China Group | Getty Images As local governments in China delay the re-opening of schools to limit the spread of the new virus, parents and institutions are […]