Wall Street surged on Wednesday as investors shrugged off stronger-than-expected inflation data and snapped up shares of Facebook, Amazon.com and Apple. The fourth straight day of gains in the S&P 500 saw a return to the “fear of missing out” mentality that accompanied Wall Street’s rally in recent months ahead of a slump last week … Read more
Wall Street’s main indexes inched higher on Wednesday morning, reversing course from losses earlier in the session that were sparked by stronger-than-expected inflation data. The Dow Jones Industrial Average .DJI rose 28.14 points, or 0.11 percent, to 24,668.59. The S&P 500 .SPX gained 10.09 points, or 0.39 percent, to 2,673.03. The Nasdaq Composite .IXIC added … Read more
The Litecoin price leaped by nearly 30 percent on Tuesday in response to the announcement that payment processing startup LitePay would officially launch in less than two weeks. The rally enabled LTC/USD to crack the $200 barrier, and it raised LTC/BTC to its highest value in nearly three years. Litecoin Price Leaps to $200 Litecoin … Read more
Business Insider reports that on February 9, 2018, JPMorgan informed its clients of the benefits that Bitcoin ETFs would bring, underlining the following: Easier access: “Investors need wallets to trade the physical Bitcoins today, making it hard to access. ETFs are frequently traded and highly accessible via investors’ brokerage accounts.” Liquid market: “ETFs are actively … Read more
With Wall Street’s recent slide erasing more than 10% of the market’s value in two weeks, you’ve probably been tempted to peek at your 401(k) account. Go ahead—but don’t look at your returns (or in this case, your losses). As scary as it may seem, this correction is a short-term blip. As long as you … Read more
During scary times, cash usually flees into the arms of Uncle Sam. Yet during the stock market mayhem of the past two weeks, not even safe U.S. Treasury bonds were spared. The Dow plunged 2,400 points, or 9%, between January 26 and February 9 as investors fretted about the threat of inflation. But in a … Read more
Jesse Powell, CEO of crypto exchange Kraken, told CNBC today, Feb. 13, that crypto traders must be responsible for the risks they take in investing in digital coins. During an interview at the World Government Summit in Dubai, Powell said that he sees consumers, not exchanges, as playing the primary role in risk evaluation: “I … Read more
When will it finally stop? After a jarring week that rattled financial centers from New York to Hong Kong, and wiped out almost $5 trillion from stock markets, it’s the question everyone is trying to figure out. Despite the rebound on Friday, U.S. equities closed out their worst week in two years. The S&P 500 … Read more
Last week the major indices bled red. And the prospect of a government shutdown didn’t help things. On Monday, the DOW was down over 1,500 points at one point. The S&P turned negative for the first time this year and stocks had their worst trading day since 2011. Early trading on Tuesday didn’t look much better. The major indices … Read more
It was another ugly day of trading (at least if you’re a bull). Stocks opened slightly lower and headed straight down this morning. There was a little rebound early afternoon, but it was all downhill from there! The major indices continued to sell-off into the close and ended the day at session lows. The DOW finished with … Read more