Markets

US stocks climb on investor hopes for stimulus ahead of Tuesday deadline

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 […]
US stocks climb on investor hopes for stimulus ahead of Tuesday deadline
Markets

Dow gains 251 points as tech giants rally and stimulus hopes persist

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 […]
Dow gains 251 points as tech giants rally and stimulus hopes persist
Markets

US stocks climb as revived stimulus talks trudge ahead

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, […]
US stocks climb as revived stimulus talks trudge ahead
Markets

US stocks climb as mega-cap tech companies soar on stimulus hope

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 […]
US stocks climb as mega-cap tech companies soar on stimulus hope
Markets

Stock investors should capitalise on the recent market correction by broadening portfolios beyond just tech, says one top Wall Street strategist

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 […]
Stock investors should capitalise on the recent market correction by broadening portfolios beyond just tech, says one top Wall Street strategist
Markets

US stocks see 3rd-biggest outflow in history as investors flee tech

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 stocks see 3rd-biggest outflow in history as investors flee tech
Markets

S&P 500 snaps 4-day losing streak as investors rush back to tech giants

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 […]
S&P 500 snaps 4-day losing streak as investors rush back to tech giants
Markets

US stocks climb as tech rally offsets revived virus fears

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 […]
US stocks climb as tech rally offsets revived virus fears
Markets

S&P 500, Nasdaq drop for 3rd straight week as tech continues downward spiral

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 […]
S&P 500, Nasdaq drop for 3rd straight week as tech continues downward spiral
Markets

US trade mixed as traders mull the pace of economic recovery

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 […]
US trade mixed as traders mull the pace of economic recovery
Markets

Goldman’s global stock chief says tech investors should expand beyond the usual mega-cap favourites and focus on these 3 specific areas

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 […]
Goldman’s global stock chief says tech investors should expand beyond the usual mega-cap favourites and focus on these 3 specific areas
Markets

US stocks could take another dive, as ‘FOMO’ has led to a ‘very abnormal’ trading pattern, BTIG bull Julian Emanuel says

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 could take another dive, as ‘FOMO’ has led to a ‘very abnormal’ trading pattern, BTIG bull Julian Emanuel says
Markets

Dow jumps 328 points as Oracle and Nvidia deals boost tech sector

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 […]
Dow jumps 328 points as Oracle and Nvidia deals boost tech sector
Markets

A top market expert says stocks won’t suffer any ‘significant’ drops from here as ‘strong secular growth story’ carries on

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 […]
A top market expert says stocks won’t suffer any ‘significant’ drops from here as ‘strong secular growth story’ carries on
Markets

Dow climbs 230 points as tech giants rally from last week’s slump

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 […]
Dow climbs 230 points as tech giants rally from last week’s slump
Markets

Dow sinks 406 points as tech stocks resume volatile sell-off

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 […]
Dow sinks 406 points as tech stocks resume volatile sell-off
Markets

US stocks rebound after 3-day sell-off driven by tech giants

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 rebound after 3-day sell-off driven by tech giants
Markets

Dow plummets 632 points as tech-sector carnage spoils another day

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 […]
Dow plummets 632 points as tech-sector carnage spoils another day
Markets

Guggenheim co-chair warns investors to brace for ‘significant volatility’ in markets as election nears and virus goes unchecked

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 […]
Guggenheim co-chair warns investors to brace for ‘significant volatility’ in markets as election nears and virus goes unchecked
Markets

US stocks tumble as sharp tech sell-off accelerates

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 […]
US stocks tumble as sharp tech sell-off accelerates
Markets

Dow tanks 808 points as tech-stock exodus drives worst day since June

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 […]
Dow tanks 808 points as tech-stock exodus drives worst day since June
Markets

Apple sheds 8% in worst day of trading since late March

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. […]
Apple sheds 8% in worst day of trading since late March
Markets

US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data

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 […]
US stocks trade mixed amid strong earnings and healthy Chinese manufacturing data
Markets

S&P 500, Nasdaq close at records as data signals continued recovery

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 […]
S&P 500, Nasdaq close at records as data signals continued recovery
Markets

Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance

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 […]
Goldman Sachs US stock chief explains why you should still buy tech even as it faces 2 big risks and record market dominance
Markets

US stocks jump as COVID treatment hopes extend record-setting rally

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 stocks jump as COVID treatment hopes extend record-setting rally
Markets

US stocks climb as tech rally offsets dismal jobless-claims data

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 […]
US stocks climb as tech rally offsets dismal jobless-claims data
Markets

Netflix has surged 50% this year — but just 4% of our millennial investor panel says it’s the FAANG stock they’d most want to own for the next 10 years

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 […]
Netflix has surged 50% this year — but just 4% of our millennial investor panel says it’s the FAANG stock they’d most want to own for the next 10 years
Markets

US stocks fall as tech slump outweighs tax-cut hopes

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 […]
US stocks fall as tech slump outweighs tax-cut hopes
Markets

Dow climbs 358 points as Trump stimulus orders offset China tensions

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 […]
Dow climbs 358 points as Trump stimulus orders offset China tensions
Markets

Wall Street CIO tells investors: ‘Don’t fight tech, own it’

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 […]
Wall Street CIO tells investors: ‘Don’t fight tech, own it’
Markets

US stocks edge lower amid disappointing corporate earnings results

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 stocks edge lower amid disappointing corporate earnings results
Markets

Dow climbs 236 points, Nasdaq hits record high as tech giants soar

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 […]
Dow climbs 236 points, Nasdaq hits record high as tech giants soar
Markets

US stocks climb as stimulus hopes outweigh fresh China tensions

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 […]
US stocks climb as stimulus hopes outweigh fresh China tensions
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