Stock Market Update Monday, October 15th, 2018

It was another volatile trading session. Stocks were up and down all day long. Trading around Friday’s close, the major indices were desperately trying to find some sense of direction. But after a choppy day of trading, the major indices finally made a move and headed south into the close. With today’s loss, the S&P closed below its … Read more

Rally Time or More Selling?

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Market carnage has investors fleeing from bonds, but not stocks

The U.S. stock market is on track to post its worst weekly performance in about seven months, but the sharp losses on Wall Street hasn’t resulted in an investor exodus from stocks. According to FactSet, equity-based exchange-traded funds have seen positive flows over the past week, a period that coincides with some of the worst … Read more

Coinbase Bounce: Ethereum Token 0x Rallies 17% after Crypto Exchange Listing

Coinbase may have announced plans to list hundreds of new assets over the coming months and years, but that doesn’t mean that the San Francisco-based cryptocurrency exchange has lost its status as crypto-token kingmaker. Yesterday, on Oct. 11, Coinbase announced that it had begun the process of listing 0x (ZRX), an ERC-20 token that runs … Read more

Dow gives up most of its 400-point jump as it tries to rebound from this week’s rout

The Dow Jones Industrial Average erased a 414-point surge on Friday as Wall Street’s attempt to rebound from this week’s drop failed. The 30-stock index traded just below breakeven as shares of J.P. Morgan Chase and Boeing pulled back. The S&P 500 also traded well off its session high. As of 12:44 p.m. ET, it … Read more