US stocks gained as investors maintained optimism for Democrats and Republicans to pass fresh stimulus ahead of the November elections. House Speaker Nancy Pelosi expedited talks on Sunday, setting a 48-hour deadline for the White House and Democrats to reach a compromise. Even if a deal is reached, it’s set […]

Goldman Sachs says the market is due for a temporary but large rotation out of growth stocks into cyclical and value stocks. Goldman expects bond yields to rise and economic growth to improve in the next few months, and they said this will trigger a rotation. The firm upgraded bank […]

While the polls suggest a blue wave victory is in reach for Democrats this November, the stock market isn’t so sure, according to a note from Evercore ISI. Wall Street strategists have been forecasting that a blue wave would likely be positive for stocks on hopes of a large stimulus […]

US stocks rose on Monday as Democrats and Republicans inched closer to a stimulus compromise. Mega-cap companies including Apple and Amazon led indexes higher as investors rushed to the growth favourites. President Trump urged Republicans to speed up Amy Coney Barrett’s confirmation to the Supreme Court so that they can […]

US stocks rose on Monday as Democrats and Republicans inched closer to a last-minute stimulus compromise. The Trump administration lifted its proposal to $US1.8 trillion from $US1.6 trillion on Friday, inching closer to the Democrats’ preferred $US2.2 trillion size. Still, House Speaker Nancy Pelosi deemed the bill “one step forward, […]

Chip producer Xilinx leaped as much as 17% in early Friday trading after The Wall Street Journal reported Advanced Micro Devices is in talks to buy the firm for more than $US30 billion. A deal could come together as soon as next week and mark the latest major acquisition in […]

Tech giants led major indexes lower during September’s sell-off but the sector is poised to rebound in the coming months, Seema Shah, chief strategist at Principal Global Investors, said Wednesday. Uncertainty around the pandemic’s trajectory could extend work-from-home trends and accelerate digital trends, she wrote in a blog post. The […]

Technology stocks have led the broader market rally this year, but a team of analysts led by UBS Global Wealth Management Chief Investment Officer Mark Haefele see stocks representing a return to normalcy on the rise. “ We think global equity gains from here may lean more heavily on ‘more […]

US stocks climbed on Thursday on continued fiscal stimulus negotiations, led by mega-cap tech giants like Alphabet, Amazon, and Microsoft. House Speak Nancy Pelosi and Treasury Secretary Steve Mnuchin had multiple conversations on Thursday, as the two try to work out a fiscal stimulus deal before the upcoming recess in […]

Data-mining firm Palantir climbed as much as 14% in its first day of trading on the New York Stock Exchange. Palantir opened at $US10 per share, 38% above its reference price of $US7.25. The subsequent climb marked a 14% increase from the opening price. The company began trading under the […]

Blackstone CEO Stephen Schwarzman said investors can buy both expensive technology companies right now and companies that have not yet rebounded. “Not all companies have recovered their valuations,” the billionaire co-founder said. “So it gives you a chance to play some technology things … and it also is possible to […]

US equities gained on Monday after notching their fourth-straight weekly loss. Tech giants boosted major indexes. Uber soared after a judge in the UK ruled its operations in London can continue. Economic data in China also lifted investors’ hopes for a near-term rebound. The country’s National Bureau of Statistics reported […]

Tech stocks’ time in the spotlight is over, and investors should begin shifts to value stocks and cyclical sectors, James Paulsen, chief investment strategist at The Leuthold Group, said in a recent note. The S&P 500’s brief Thursday correction marks “an opportunity to ‘broaden your bets'” before valuations rebound, Paulsen […]

Investors should take advantage of the recent sell-off in shares of Apple, as it provides a “compelling entry point” ahead of its upcoming iPhone 12 launch, Morgan Stanley said on Friday. Shares of Apple fell 20% from their September 2 high, outpacing the broader market decline as technology stocks led […]

Extreme times call for extreme moves, Bank of America said on Friday as it detailed investment fund flows in and out of key market sectors. US stocks suffered their third-largest ever outflow of funds, with investors pulling $US25.8 billion out of equities in the past week, BofA said. Technology stocks, […]

US technology stocks have staged a historic rally since the stock market bottomed on March 23. But the outperformance of US tech stocks relative to the S&P 500 in 2020 pales in comparison to the 2000 dot-com bubble, DataTrek said in a note on Wednesday. Instead, the tech rally today […]

US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]

US equities climbed Tuesday as a tech-led rebound offset a resurgence of COVID-19 fears. Mega-caps including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns and another […]

Investors are fleeing technology stocks at a pace not seen since the dot-com bubble of 2000. They pulled $US3.5 billion out of the popular Invesco QQQ Trust Series 1 ETF — which tracks the Nasdaq 100 index — on September 18. That marked the biggest daily outflows since October 2000. […]

John Stoltzfus, Oppenheimer chief investment strategist, told CNBC on Friday that the recent market pullbacks signal a bargain buying opportunity for growth companies in the US. He said that the US has been outperforming most of the markets around the world, and its innovation makes it the best place to […]

The S&P 500 and Nasdaq composite indexes declined for the third straight week on falling tech giants and weakening economic data. Mega-cap tech stocks led indexes lower as investors continued to shun lofty valuations and look for returns elsewhere. Traders hoping for a stimulus breakthrough had little to cheer heading […]

US stocks traded mixed on Friday as investors looked for signs of new stimulus amid the slowing economic recovery. Congress continues to face major hurdles in passing a second fiscal aid package. Still, the White House indicated on Thursday it’s willing to back a $US1.5 trillion spending bill, an increase […]

Credit Suisse trimmed its overweight rating for tech stocks on Thursday, recommending investors be more selective with their sector picks. Crowding in tech giants and the stocks’ high-flying valuations sparked some calls of a dot-com-era bubble forming in the market. “Excess in tech is high, but in most cases not […]

Peter Oppenheimer — the chief global equity strategist at Goldman Sachs — said in a Bloomberg interview that investors should diversify out of popular mega-cap tech names and consider three new areas within the sector: medical tech, educational tech, and environmental tech. He said that the new bull market we’re […]

According to a fund manager survey conduced by Bank of America, investors are “paranoid” that long US tech stocks is the “most crowded trade of all time,” citing 80% of survey respondents. Amid high tech concentration in popular stock market indexes like the Nasdaq 100 and the S&P 500, the […]

Wells Fargo’s chief investment officer Kirk Hartman thinks the worst is over for the US stock market. Hartman told CNBC’s “Street Signs Asia.” “I do think there will be more volatility but I think we have seen the worst of the sell-off.” Stock markets have rallied so far on Monday […]

Markets are headed for a pullback for three reasons, BTIG’s long-time bull Julian Emanuel said Monday. “Rather than fear being priced in the options market, there’s fear of missing out,” he told CNBC’s “Trading Nation”. “That is a very abnormal position.” He said retail investor appetite, increasing volatility and a […]

US stocks rallied on Monday on new tech-sector deals and shifting investor sentiment. Oracle leaped after the company won its bid to partner with TikTok’s US operations. Nvidia’s announcement that it would purchase Arm Holdings from SoftBank in a $US40 billion deal boosted semiconductor stocks including Micron and Qualcomm. Oil […]

JPMorgan expects the S&P 500 to rise another 6% from current levels to a record 3,600 before the year is over. The benchmark index’s earnings recovery is “ahead of expectation” due to hefty monetary support, global economic reopenings, and long duration tech-stock strategies, JPMorgan strategists wrote in a note to […]

Seema Shah of Principal Global Investors said she doesn’t expect any “significant” drops in the market from here as a secular growth story with technology companies develops. The chief strategist told Bloomberg that the market won’t come “tumbling down from here” because a “fundamental core” of the reliance on technology […]

US stocks climbed on Monday as new deals and shifting investor sentiments boosted tech giants. Oracle leaped following reports that the company won its bid to partner with TikTok’s US operations. Nvidia said it would purchase Arm Holdings from Softbank in a $US40 billion deal. The announcement boosted semiconductor stocks […]

Oracle jumped as much as 10% in early Monday trading on reports that the firm won bidding for a partnership with TikTok’s US business. The news comes after the White House threatened to ban the ByteDance-owned app on data security concerns if it didn’t sell its US arm to an […]

After being identified as the “whale” behind a series of option trades in technology stocks earlier this month, the SoftBank Group is now reconsidering its strategy, Bloomberg reported on Friday. The firm met with investors to explain that its option trading strategy is somewhat conservative and is only in blue-chip […]

Money manager Jeff Mills thinks tech stocks like Apple and Tesla can drop further. He told CNBC’s “Trading Nation” Tesla is trading “80% above its 200 day moving average despite a 21% daily drop last week. Both Apple and Tesla had their stocks split on 31 August. He said both […]

S&P 500 could fall by as much as 20% in the coming weeks, Tim Hayes, senior strategist at Ned Davis Research, told Business Insider. He said: “I would expect a decline of 15-20% and then we get a rally that maybe leaves us back where we are around now.” All […]

Peloton’s founder and CEO is now worth $US1.3 billion as the company’s stock continues to surge. Demand for the luxury bikes and online workout classes has spiked amid the COVID-19 pandemic. Other “work from home” stocks, like Zoom, have seen similar gains in their share price and founders’ wealth in […]

Jonathan Golub told Bloomberg on Friday that investors should stick with the “winning theme of growth” and don’t need to rotate out of all technology stocks yet. The Credit Suisse chief equity strategist said he’s not rotating out of technology because he believes there won’t be a coronavirus vaccine soon. […]

Tesla has lost 10% in the last week due to a number of events, but a strategist is forecasting further pain ahead for the stock. Ticker Tocker’s Steve Kalayjian, told Business Insider: “Any more bad news on Tesla and there’ll be a herd mentality [towards] massive selling.” But he says […]

US stocks sank in turbulent Thursday trading as falling tech giants dragged on benchmark indexes. Tech names rebounded on Wednesday but resumed their downward spiral as investors shunned their still-lofty valuations. Traders also mulled weekly jobless-claims data that signalled lasting pain in the US labour market. Claims totaled 884,000 for […]

US stocks climbed on Thursday as tech giants attempted to reclaim record highs. The gains come after rebounding tech names led indexes higher on Wednesday. The sector has fuelled outsize volatility in recent sessions as investors reconcile lofty stock valuations and strong momentum. Investors also mulled weekly jobless claims data […]

The more than 50% rally in technology stocks over the past 100 trading days ends one of two ways: higher like the 2009 recovery, or lower like the 1999 dot-com bubble. That’s according to DataTrek, who said on Wednesday that tech stocks’ historic 100-day rally will likely follow the footsteps […]

US stocks rebounded on Wednesday after a three-day sell-off driven by tech giants led to a more than 10% decline in the Nasdaq composite index. Tech giant Apple climbed more than 3% after sliding below the $US2 trillion market cap threshold on Tuesday. Oil recouped a fraction of the sharp […]

US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2. Tech giants including Apple,Microsoft, and Facebook led the decline, while Treasurys and the dollar gained. Investors […]

Guggenheim Securities’ Jim Millstein told Bloomberg on Tuesday that investors should brace for a period of significant volatility ahead. The co-chairman cited uncertainty around the election and the lingering covid crisis as sources of volatility. He also said it’s “obvious” there has been a bubble around technology stocks. Visit Business […]

Jeremy Siegel, Wharton professor of finance, told CNBC on Tuesday that he doesn’t think tech stocks including Apple will outperform in 2021. Siegel said that Tesla, Zoom, and Docusign “got crazy,” while FAANG stocks are more solid but still won’t beat the market next year. “If you’re in the S&P, […]

US equities tumbled on Tuesday as investors continued dumping tech stocks and buying safe-haven assets. Tech giants including Apple,Microsoft, and Facebook dragged on major indexes, while Treasurys and the dollar gained. Investors also digested President Trump’s plan to end US’s reliance on Chinese exports. The statement threatens to reignite the […]

Wall Street indices saw their biggest weekly fall since late June last week, and economist Ed Yardeni thinks a 10-15% correction awaits. But the president of Yardeni Research doesn’t think that’s a bad thing. He said: “I’m actually somewhat comforted by the market taking a break here. It’s a healthy […]

A COVID-19 vaccine would mark the top in stocks and set the stage for a rotation from growth stocks into value stocks, Bank of America said on Friday. Technology stocks remain overbought even after Thursday’s steep sell-off, and a composite index of five mega-cap tech names are trading 41% above […]

The ongoing technology-driven stock market rally is on the verge of rivaling market bubbles not seen since the dot-com era and the Great Depression, according to Stifel’s Barry Bannister. The only way stocks can move “sharply higher” from current levels is if a bubble is formed, fuelled by near-zero interest […]

Japan’s SoftBank Group Corp. bought $US4 billion of shares in tech companies and another $US4 billion of call options tied to roughly $US50 billion in tech stocks, according to a report from The Wall Street Journal. Regulatory filings showed Softbank’s tech-stock buying activity, but did not show the options purchase. […]

BlackRock’s Rick Rieder told Bloomberg on Friday that the stock market’s sell-off Thursday was a “healthy” recalibration. He said the volume and price of call options leading up to the sell-off was “bizarre,” and the amount of froth in the market was more than he had seen in most of […]

US stocks traded mixed Friday after the August jobs report showed strong job additions and a better-than-expected unemployment rate. The Dow Jones industrial average and S&P 500 traded higher after the jobs report was released. Tech stocks struggled in comparison following a steep decline on Thursday that saw the Nasdaq […]

Tech stocks take a breather on Friday after Thursday’s sell-off. European stocks turned green as investors digested the fall in the tech sector from record-highs Nasdaq 100 records biggest one-day drop since mid-March after Big Tech crash Gold prices and the US dollar are stable despite broader sweep lower on […]

US equities tanked the most since June on Thursday as investors dumped highly valued tech stocks. Every one of the S&P 500’s 11 sectors plunged throughout the day. Energy stocks suffered the least damage with a roughly 1% drop, while the information technology sector plummeted about 6%. A lower-than-expected weekly […]

Summary List Placement Apple shed as much as 8% on Thursday in its worst day of trading since late March. The technology company has shed nearly 9% since Tuesday. On Monday, Apple’s 4-for-1 stock split went into effect. Watch Apple trade live on Markets Insider. Read more on Business Insider. […]

Summary List Placement US stocks sank Thursday as investors rotated out of surging tech stocks. Market darlings including Apple,Nvidia, and Zoom stumbled after leading the market’s start-of-the-month rally. The iPhone maker’s shares around noon were on pace for their worst day since March 16. Facebook slipped after announcing the company […]

Summary List Placement Former Twitter CEO Dick Costolo told CNBC that platform stocks are “crazily priced” and remind him of the dot-com era in the early 2000’s. “Zoom is a great company but at $US125 billion you have to raise an eyebrow,” he said. Costolo added that the market is […]

Apple stock hit a record high on Tuesday after a Bloomberg report detailed that the company asked suppliers to produce at least 75 million units of its next generation iPhones for later this year. The 75 million figure is in line with Apple’s 2018 and 2019 production targets of 75 […]

A slew of analysts upgraded Apple price targets amid the stock’s record-breaking rally. Shares of Apple gained as much as 4% Tuesday, also boosted by a Bloomberg report that the company is prepping 5G iPhones to launch this year. Here’s what four analysts said about Apple. Watch Apple trade live […]

Troy Gayeski, SkyBridge Capital co-chief investment officer, told Fox Business that the market is poised for a correction in the 5-10% range. He said this correction could be expected because there’s a “flat money supply” and an S&P 500 that’s trading at 20 times earnings. The co-chief said investors who […]

US stocks fluctuated on Tuesday as investors mulled corporate earnings and encouraging economic data out of China. Zoom Technologies leaped alongside other work-from-home stocks after trouncing Wall Street’s second-quarter estimates and raising its forward guidance. A private gauge of small Chinese manufacturers gained in August to its highest level since […]

Ant Group’s upcoming IPO aims to raise a record $US30 billion and could bring first-time tech fundraising to the highest level since 1999. Should demand for the offering hold up, Ant’s debut could bring global first-time stock sales to more than $US57 billion, according to data collected by Bloomberg. The […]

US equities gained on Friday on better-than-expected economic data. Both the S&P 500 and Nasdaq composite notched record highs. Consumer spending in the US grew 1.9% in July, beating economists’ 1.5% estimate and signalling a continued, albeit slowing, economic recovery. The Dow Jones industrial average erased its 2020 losses. The […]

Wharton professor of finance Jeremey Siegel told CNBC that the stock market would not lose upward momentum if the US were to experience a second wave of COVID-19. Siegel said that because stocks are so forward looking, a short-term lapse in the economy will not stop long-term moves higher. The […]

Even as Apple touts a $US2 trillion market cap, investors can find opportunity in the stock, Morgan Stanley said Sunday. The bank raised its base-case price target for the shares to $US520 from $US431, implying a 5% gain from Friday’s close over the next year. The firm’s bull case sees […]

US equities soared on Monday amid positive news around coronavirus treatments and calming US-China relations. The rally saw the S&P 500 and Nasdaq composite indexes close at record highs. The Food and Drug Administration issued emergency authorization for the use of plasma to treat COVID-19. Separately, the White House is […]

David Kostin spoke to the Exchanges at Goldman Sachs podcast about the two big risks of technology’s record market dominance. Goldman’s chief equity strategist said that positioning limits in mutual funds and looming antitrust legislation pose risks for those looking to invest in technology. However, he recommended investors add growth […]

Tech giants are the most crowded they have been in decades, but not all fund managers are piling in with the rest of the market, according to Goldman Sachs. Hedge funds have boosted their bets on the FAAMG group – Facebook,Amazon,Apple,Microsoft, and Google-parent Alphabet– while mutual funds are underweight on […]

US equities gained on Monday on positive news around coronavirus treatments and relaxing US-China relations. The Food and Drug Administration issued emergency authorization for using plasma to treat COVID-19. Separately, the White House is looking to fast-track AstraZeneca’s experimental coronavirus vaccine, according to the Financial Times. Bloomberg reported Sunday the […]

US equities erased early losses and climbed on Friday, with the S&P 500 closing at a record high following positive economic data. Existing home sales surged a record 24.7% in July to a seasonally adjusted rate of 5.86 million. Economists expected a reading of 5.41 million. Apple led tech stocks […]

Nvidia will become the first $US500 billion semiconductor stock as its data centre business ramps up and gaming sales surge, Bank of America analysts said Thursday. Analysts led by Vivek Arya boosted their price target for Nvidia shares to $US600 from $US520, implying a 24% rally from Wednesday’s close. “All […]

US stocks rose on Thursday as a tech rally offset a surprise jump in weekly jobless claims. New unemployment filings climbed back above 1 million after two straight periods of decline. Investors also weighed the stalled talks between Democrats and Republicans on the next coronavirus stimulus package. Shares of mega-cap […]

Billionaire hedge fund manager Seth Klarman slimmed some of his biggest tech holdings and grew positions in healthcare stocks during the second quarter, new SEC filings show. Baupost Group slashed its Facebook and Alphabet stakes by 57% and 29%, respectively. Klarman shifted considerable cash into healthcare stocks. A new position […]

Apple just became the first US-listed company to reach a $US2 trillion market capitalisation. Shares of the technology giant rose 1.2% to an all-time high of $US467.84 per share on Wednesday to reach the milestone. Oil giant Saudi Aramco is the only other publicly listed company to ever hit a […]

Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Just 4% of participating millennial investors picked Netflix as the single FAANG stock they’d […]

SoftBank’s new asset management unit sank nearly $US3.9 billion into some of the world’s most popular tech stocks, according to an SEC filing published Monday. The Japanese conglomerate opened a $US1.04 billion stake in Amazon, a $US475 million position in Alphabet, and a $US189 million stake in Netflix, among other […]

Rackspace soared 19% on Monday after a report from Reuters said that Amazon is eyeing a minority stake in the cloud services provider. A deal between the two could take one to two months to negotiate, according to the report. Rackspace helps companies migrate data to the cloud and transition […]

Investors should continue to overweight US stocks as they outperform their international peers, according to JPMorgan. In a note published on Sunday, JPMorgan reiterated its view that growth stocks, led by technology, will continue to outperform their value peers. The continued outperformance of growth stocks relative to value stocks has […]

David Bailin, Citi Private Bank chief investment officer, said tailwinds from the stimulus and good news of a vaccine will cause parts of the market to “roar” in the next year and a half. He told Bloomberg on Friday that investors need to be thinking ahead to what will happen […]

The lasting economic damage caused by the COVID-19 pandemic isn’t being reflected in the stock market, according to a note published by Stifel. Liquidity and low real yields have been the primary drivers of the S&P 500’s more than 50% rally from the March 23 bottom, and the Fed is […]

US equities slipped on Tuesday as tumbling tech giants erased indexes’ early gains. Stocks initially soared higher after President Donald Trump said on Monday afternoon that he was considering lowering the US capital-gains tax. Such a move would increase investors’ realised profits. Investors also mulled Russia’s announcement that it had […]

David Kostin told CNBC on Tuesday that technology will continue to grow and remain strong in the long term. His two reasons for this: the high growth potential tech stocks have in a recovery and the expectation of persistently low interest rates. The Goldman Sachs US equity chief also said […]

Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. Just 2% of participating millennial investors picked Facebook as the single FAANG stock they’d […]

US stocks climbed on Monday as investors digested President Donald Trump’s weekend stimulus orders against China tensions and new coronavirus cases. On Saturday, President Trump signed four executive actions to extend coronavirus aid after Congress failed to come to an agreement last week. US-China tensions escalated when China imposed fresh […]

Investors’ rush to tech giants pushed weighting of the S&P 500’s 10 biggest stocks to record highs. The companies took up roughly 29% of the index as of July 31, according to The Wall Street Journal, the largest share in data going back at least 40 years. Several of the […]

US equities closed mixed on Friday as traders weighed escalating US-China tensions against rosy labour-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. The US on Friday placed sanctions on 11 Chinese […]

Tuan Huynh, Deutsche Bank Wealth Management CIO for Europe and Asia, told CNBC on Friday that tech stocks will still be “the winner” in the near and long term, despite the Nasdaq’s rally and rising US-China tensions. The tech sector has benefited from the digital way of life that the […]

Tencent stock tanked as much as 10% on Friday following President Trump’s executive order targeting its WeChat app. The order arrived in tandem with a similar order against ByteDance’s TikTok app. Both Chinese companies face a ban from US transactions set to take effect in 45 days. The orders escalate […]

US equities dipped on Friday as escalating US-China tensions blotted out rosy labour-market data. President Donald Trump issued executive orders Thursday afternoon targeting TikTok-owner ByteDance and WeChat-owner Tencent. The orders ban US transactions with the apps in 45 days. On the economic data front, the US added 1.8 million jobs […]

Apple’s surging stock price doesn’t present the strong risk-reward profile it once did, Bank of America analysts said Wednesday. The team led by Wamsi Mohan downgraded Apple to “neutral” in a note, saying the company’s recent rally to record highs faces too many risks to recommend buying more shares. Apple’s […]

Are technology stocks in a bubble similar to the dot-com era of 1997 to 2000? According to a majority of investors surveyed by DataTrek, the answer is no. Fifty-six per cent of respondents said tech stocks are not in a bubble, and 70% expect at least 5% in further upside […]

Business Insider assembled a panel of hundreds of young investors who volunteered to share their views about the markets. This is a self-selected group of people under the age of 35 who have a brokerage account. The majority of participating millennial investors picked Amazon as the single FAANG stock they’d […]

David Bianco, DWS Group Americas chief investment officer, told CNBC that investors should own tech stocks right now, and wait until after the election to buy value stocks. “We all wish our entire portfolio were tech stocks right now. We’re overweight tech, and that has helped us,” Bianco said. He […]

Lisa Shalett told Bloomberg she sees consumer data that points to a strong recovery. The Morgan Stanley Wealth Management CIO said the buffer for the consumer will continue if Congress can reach a stimulus deal. She also said the market wants investors to crowd into “the same tech stocks that […]

The Nasdaq’s record high is “not a healthy situation” as investors are piling into one sector of the market that is “extremely overvalued,” a Wall Street strategist told CNBC in a Tuesday interview. A small group of dominant tech stocks are the only ones able to survive in this environment […]

US stocks fell on Tuesday as investors weighed a string of disappointing corporate earnings results. Shares of AIG,Bayer, and Diageo slipped in Europe after disappointing earnings. Investors are anxiously awaiting new details on a coronavirus relief bill as Congress debates stimulus details. Read more on Business Insider. US stocks fell […]

US equities gained on Monday as investors focused on deliberations on a new stimulus bill and looked past escalating China tensions. Tech giants drove the Nasdaq composite to a record intraday high. Microsoft led the pack after confirming its talks about buying TikTok. Congressional leaders and Trump administration officials met […]

Dan Ives of Wedbush Securities told CNBC that a TikTok acquisition could be worth $US200 billion in three years for Microsoft, if the deal goes through. Ives said Microsoft is the “white knight” to buy TikTok following Trump’s Monday announcement that the app must be sold by September 15. The […]

Apple shares surged as much as 5% to an intraday high of $US446.55 per share on Monday, continuing a post-earnings rally for the tech company. That pushed Apple’s market capitalisation to $US1.92 trillion. If Apple gains another 5%, it will become the first company to hit a $US2 trillion market […]

US stocks climbed on Monday as investors focused on deliberations on a new stimulus bill and looked through escalating China tensions. Congressional leaders and Trump administration officials met over the weekend to continue ironing out a second fiscal relief measure. Negotiations around expanded unemployment benefit remain at a standstill following […]