Concerns about slowing growth in major economies China and the US were weighing on markets, as investors monitor rising geopolitical tensions around Afghanistan.
Disney's upbeat earnings round out a season that has lifted stocks, while Delta variant-related cuts to demand outlooks weigh on oil futures.
Economists expect 870,000 nonfarm jobs were created in July, above June's print of 850,000. But analyst targets are coming in at a broad range.
Upbeat earnings views from Coca-Cola and Verizon helped improved investor sentiment after this week's rout.
The CDC on Monday advised Americans to avoid traveling to the UK because of rising coronavirus cases.
Wedbush cut its 12-month price target for the high-end equipment maker's stock to $115 from $130 per share.
One year ago today, the S&P 500 reached its lowest point in the coronavirus-induced market crash. Insider spoke with two experts to unpack the volatile year.
James McDonald, the CEO and chief investment officer of Hercules Investments, told CNBC on Monday that he expects a 20% S&P 500 sell-off in the near term. McDonald, who crushed the market during the coronavirus crash earlier this year, explained that the market is at a “tipping point,” and won’t […]
Pfizer chief executive Albert Bourla sold 62% of his stock in the company on the same day the drugmaker announced the results of its COVID-19 vaccine trial. Bourla sold $US5.6 million in stock on Monday as part of a predetermined trading plan adopted on August 19. His stock sale was […]
Morgan Stanley’s chief investment officer who called the October stock market pullback is now saying the worst of the sell-off is over, and investors should buy stocks before prices rise in 2021. While volatility will remain high into November, the conclusion of the US election and the announcement of a […]
Energy stocks fell on Monday after supply-and-demand concerns for oil sent the commodity lower. Libya’s National Oil Corporation said it would boost its oil production to 1 million barrels per day from 500,000 barrels per day by next month. Meanwhile, surging COVID-19 cases around the globe, combined with partial lockdowns […]
With a successful COVID-19 vaccine on the horizon, some stocks may fare better than others. According to JPMorgan, investors should look to bet against a handful of stocks that have experienced increased momentum in their business amid the COVID-19 pandemic. Once a successful COVID vaccine is distributed and administered, it […]
Once a successful COVID-19 vaccine is developed, investor attention will quickly shift focus to the distribution and administration of the vaccine, Goldman Sachs said in a note on Friday. Goldman said it believes US vaccinations will be available within a few months from approval as pharmaceutical companies ramp up their […]
JPMorgan’s Marko Kolanovic told CNBC that value stocks will soon rebound. The top-rated equity strategist said this rotation will occur after the election regardless of who is elected president, because an economic reopening will occur no matter who is in the White House. Investors should rotate to materials and industrials […]
US stocks slipped on Tuesday as a stalemate in fiscal stimulus negotiations continued. Initial results of the third-quarter earnings season kick off also failed to impress investors. JPMorgan and Citigroup reported quarterly results that beat expectations but were met with falling stock prices. A temporary pause in Johnson & Johnson’s […]
Should the COVID-19 pandemic continue for longer than expected, the economic consequences will likely lead to a sharp correction in global stocks, the IMF warned on Tuesday. Extraordinary policy measures from governments around the world helped stem the decline in stocks since the initial February decline, but underlying economic conditions […]
BlackRock CEO Larry Fink told CNBC on Tuesday stocks have more upside ahead and most investors should put more money to work in the market. “I believe we still have more to go on the upside even in front of probably rising infection rates with COVID-19,” Fink said. With interest […]