The major indices kicked off the day with gains after a strong session in Asia (the Shanghai Composite saw a 4.1% gain). But the early gains didn’t last long. Stocks quickly turned negative, and the S&P was trading at last week’s low just an hour into the trading session. After the morning sell-off, stocks were choppy and … Read more
Stocks finished the week mixed after another volatile week of trading. It looked like we were going to finish the week on a positive note. After a higher start on Friday, stocks continued to rally in the morning. But a lunchtime sell-off erased the morning’s early gains, and the S&P and DOW ended the day in negative territory. It … Read more
Stocks finished lower for the 2nd day in a row today. Things were a little rough at the open after China’s Shanghai Composite suffered a 2.9% loss and hit a 4-year low. The weakness overseas put pressure on U.S. stocks, especially after the volatility and uncertainty that U.S. markets have experienced recently. Kicking off the day with a loss, … Read more
Tesla Chief Executive Elon Musk told the electric car company that he plans to purchase $20 million of common stock during the next open trading window, according to a filing related to the CEO’s settlement with the Securities and Exchange Commission. “Separate and apart from the settlement, Elon has notified Tesla that he intends to … Read more
The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation. Pantera Capital’s Joey Krug made this prediction during an interview with Bloomberg, forecasting that the next upswing could propel the cryptocurrency market … Read more
Stocks were on the move early and never looked back. After a higher open, the major indices continued to rally. Helped out by strong earnings and a tech rally, the major indices moved higher for most of the trading day. The NASDAQ led the major indices with a 2.9% gain. Today’s close in the S&P put the index back … Read more
After a period of mostly downbeat action, a risk-on mood has taken shape Tuesday, after Goldman and other big corporate names sprinkled around some earnings cheer. Some investors may still be rattled by last week’s mini meltdown. Perhaps in a bid to calm any uneasy future retirees, Charles Schwab SCHW, +1.24% has been steering clients … Read more
In late 2017, Fidelity, one of the largest brokerages and asset managers with 7.2 trillion in assets under management as of October 2018, launched its first crypto initiative. By partnering with Coinbase, the biggest crypto-to-fiat exchange in the global market, Fidelity enabled its clients to track investments in major cryptocurrencies like Bitcoin and Ethereum through … Read more
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
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