It’s going to be a short week on Wall Street. U.S. stock exchanges will be closed for Thanksgiving Day on Thursday, Nov. 24, and will reopen the next day only for an abbreviated session on Black Frida...
Tag: DJIA
UnitedHealth, Cigna stocks fall after Raymond James downgrades, citing tripledemic and policy concerns
Shares of UnitedHealth Group Inc. UNH, -1.69% fell 0.5% and Cigna Corp. CI, -0.43% slumped 2.3% in premarket trading Monday, after Raymond James analyst John Ransom downgraded the health insurers, cit...
Markets will shift to a ‘hope’ phase next year, and investors would be wise not to miss it, says Goldman Sachs
Fresh China COVID-19 worries are threatening to nix any preholiday gains for Wall Street, with stocks struggling, oil tumbling and the dollar higher as Monday’s session gets underway. In a shortened w...
It’s Time for the Stock Market to Worry About Recession
The stock market is so over the Federal Reserve—but that doesn’t mean it’s out of the woods just yet. Attention is now turning to the U.S. economy—and whether it sinks into recession will determine if...
Black Friday can offer investors clues about how much gas consumers have left in the tank: Here’s what to watch out for
Black Friday is arriving at an interesting time for the American consumer. Shoppers have seemingly persevered this year despite an all-out assault on their pocketbooks and net worth — from falling equ...
Did Bullard undershoot? Stifel economists say fed funds rate may need to go to 8% or even 9%.
A day after a Federal Reserve official’s market-moving admission that interest rates may need to go to as high as 7%, analysts came up with an even more surprising conclusion: that 7% still won’t be h...
Intel’s Newest Director Buys Big Block of Stock
On the heels of Intel CEO buying the company’s stock, the chip giant’s newest director also scooped up shares. Lip-Bu Tan, who joined Intel’s (ticker: INTC) board on Sept. 1, paid $1.35 million on Nov...
Veteran manager offers 5 ‘cheap, quality, dividend’ stocks that will let you play one of tech’s biggest themes.
2022 may be remembered as the year investors fell out of love with tech stocks. While the Nasdaq Composite COMP, -3.91% is up about 5.3% this quarter, that’s after three dismal ones, and a 28% loss fo...
This is the chart that rattled U.S. financial markets on Thursday
One chart is all it took to move financial markets on Thursday. That chart was presented by St. Louis Fed President James Bullard as part of a presentation in Louisville, Ky., and it shows where he se...
Dow drops 300 points as U.S. stocks open down after Bullard’s remarks
U.S. stocks opened lower Thursday, with the Dow Jones Industrial Average falling around 300 points, as investors weighed remarks from Federal Reserve Bank of St. Louis President James Bullard and a re...
Elon Musk Has the Next Tesla CEO in Mind. There Are a Few Candidates.
Tesla board member James Murdoch said Elon Musk knows who could run Tesla after him. It might have been a throwaway line said while being questioned in a trial. Still, it’s a chance for investors to ...
The Fisker Ocean Is a Reality. Why It’s Not Just Another EV.
Today is the day, the day when production of the all-electric Fisker (ticker: FSR) Ocean SUV begins. Fisker is not Tesla It’s a small EV start-up that will only deliver a handful of cars in 2022, but ...
Dow turns negative in afternoon trade Tuesday after report of Russian missiles hitting NATO member Poland
U.S. stocks trimmed earlier gains, with the Dow turning negative, after a news report indicated Russian missiles crossed into Poland, a NATO member. The Dow Jones Industrial Average DJIA, +0.17% fell ...
Stocks Rally Following Strong Inflation Report, Buffett Bets $4 Billion On Chipmakers
Topline Stocks surged Tuesday morning before settling into modest gains, with Berkshire Hathaway’s latest investments leading the rally, after another promising inflation report stoked hope the Federa...
FTX’s stunning collapse nothing like Theranos, says venture investor and crypto bull Tim Draper
Tim Draper, founder and managing partner of Draper Associates and Draper University, balked at comparing the stunning implosion of crypto trading platform FTX to the notorious biotech startup Theranos...
Stocks Rallied Dramatically. It’s Still a Bear Market
This commentary was issued recently by money managers, research firms, and market newsletter writers and has been edited by Barron’s. Bear-Market Rallies Technical Strategy BTIGNov. 11: Thursday...
‘A lot of people have compared this to Lehman. I would compare it to Enron’: Larry Summers comments on FTX bankruptcy
Former U.S. Treasury Secretary Larry Summers is likening the collapse of troubled cryptocurrency exchange FTX to the meltdown that engulfed Houston-based energy company Enron two decades ago. In an in...
U.S. stocks could rally another 25% now that Fed no longer has ‘back against the wall’ in inflation fight
One of Wall Street’s most implacable bulls has laid out his argument for why he thinks U.S. stocks can continue to rally into the year’s end after Thursday’s game-changing October inflation data. Tom ...
Crypto and tech are the first dominoes to fall as stimulus liquidity dries up, says this money manager. Here’s what could happen next.
Read: Sequoia on its FTX investment: Some surprise to the upside, and some surprise to the downside JPMorgan is predicting a “cascade of margin calls, deleveraging and crypto company/platform failures...
‘We’ve seen this before,” warns BofA. Why inflation could take until 2024 to fall to 3% and weigh on stocks.
U.S. stocks roared higher Thursday after October’s consumer-price index showed inflation rising at a less aggressive annual pace than expected, spurring hopes that the Federal Reserve’s inflation flig...
Dow gets more than 400-point boost from just 4 stocks
Shares of four of the Dow Jones Industrial Average’s DJIA, +3.70% components are seeing price gains of more than $10, which are adding more than 400 points to the price-weighted index. Shares of...
Binance CEO in internal memo: ‘I had very little knowledge of the internal state of things at FTX’
“‘It was less than 24 hours ago that SBF called me. And before that, I had very little knowledge of the internal state of things at FTX.’” — Changpeng Zhao, CEO of Binance Binance CEO Changpeng Zhao o...
Tesla Stock Keeps Falling as Elon Musk Sells
Elon Musk sold Tesla stock on Friday, Monday, and Tuesday. Investors were following his lead on Wednesday. Although the stock (ticker: TSLA) traded higher at points early in the day, the gains didn’t ...
Plug Power Missed Sales Estimates By a Mile. Wall Street Isn’t Worried.
Hydrogen fuel-cell technology company Plug Power reported third-quarter results that fell way short of Wall Street expectations, but analysts still believe the company’s future is very bright. Tuesday...
Opinion: The floodgates are open for grandparents to super-size college savings for grandkids
If you’re a grandparent looking to save the day by helping your grandchildren pay for college, take a second look at a tax-advantaged 529 college savings plan before the end of the year. Rule changes ...