Markets

Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush

Technology stocks in the FAANG, cloud software, and cyber security themes could rally 10%-15% by year-end with a Biden presidency and Republican Senate, according to Wedbush. This regime is the “Goldilocks election outcome” for tech stocks as a Biden presidency will ease US-China technology-policy issues while the Republican Senate decreases […]
Why mega-cap tech stocks could rally another 15% by year-end under a Biden-helmed split government, according to Wedbush
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

US trade deficit in July hits widest point in 12 years

Summary List Placement The US trade deficit in July swelled to its greatest gap since the 2008 financial crisis, the Commerce department reported Thursday. The US trade deficit, or gap between imports and exports, widened nearly 19% to $US63.6 billion in July from $US53.5 billion in June, according to the […]
US trade deficit in July hits widest point in 12 years
Markets

S&P 500 closes at record high amid positive housing data and tech rally

The S&P 500 closed at a record high on Tuesday for the first since February amid positive housing-market data and a broad tech rally. Housing starts jumped by 22.6% in July, more than economists expected, showing continued strength in the housing-market recovery. Democrats and Republicans remain deadlocked in negotiations on […]
S&P 500 closes at record high amid positive housing data and tech rally
Markets

US stocks edge higher as investors mull further stimulus, US-China trade talks

US stocks edged higher on Tuesday as investors looked for signs of progress on government stimulus and US-China trade talks. Democrats and Republicans remain deadlocked in negotiations on the next stimulus bill, while t he Trump administration on Monday imposed new restrictions on Huawei. Housing starts jumped 22.6% in July, […]
US stocks edge higher as investors mull further stimulus, US-China trade talks
Markets

Dow jumps 373 points as stimulus hopes blot out weak jobs data

US stocks climbed on Wednesday as investors maintained optimism for a bipartisan stimulus measure. Democrats and the Trump administration hope to reach a deal by the end of the week but remain split on issues including expanded unemployment benefits and aid for state and local governments. Fears of rising US-China […]
Dow jumps 373 points as stimulus hopes blot out weak jobs data
Markets

US airlines surge as Trump suspends flights from China-based carriers

Airline stocks outperformed Wednesday’s stock market rally after the White House banned Chinese airlines from operating passenger flights to the US starting mid-June. Alaska Air led the group after leaping as much as 12%, while United Airlines followed close behind with an 11.8% climb. American Airlines and Delta Air Lines […]
US airlines surge as Trump suspends flights from China-based carriers
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