Tag: Stocks

U.S. stocks rebound to end week close to record on upbeat economic data and earnings

U.S. stocks shook off early weakness to end higher Friday, but were unable to erase weekly declines.

Stocks were supported by data indicating an acceleration in economic activity and even faster growth in new home sales, as investors largely brushed off Thursday’s reports that President Joe Biden would propose a large increase on the capital-gains tax for the wealthiest Americans.

Read: Capital gains tax hike? Why the stock market bounced back so fast

A busy week of corporate earnings reports also came to a close with a majority of companies seeing better-than-expected results for the quarter, even if guidance for

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Tech Stocks Are Getting Crushed as Bond Yields Spike Higher

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The Nasdaq Composite has fallen by close to 7% since Monday.


Dreamstime

Tech stocks are suffering fresh losses on Thursday, as spiking bond yields continue to spur investors to move out of cloud, e-commerce, and semiconductor stocks and into other more economically sensitive—and cheaper—issues.

The group started the day in the green, but reversed course when comments by Federal Reserve Chairman Jerome Powell at The Wall Street Journal Jobs Summit triggered a new upward move in interest rates.

The yield on 10-year Treasuries now sits at about 1.54%, up from under 1% at the beginning of the

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From stocks to bitcoin, Wilmington’s Meghan Shue sees troubling trend

As a record amount of money flows into the market, Wilmington Trust’s Meghan Shue sees a troubling trend.

Shue, who oversees almost $136 billion in assets, is concerned retail investors are rushing into stocks and cryptocurrencies that are high risk and offer few benefits — if any at all.

“It’s a little bit of chasing returns in the wrong areas. It’s also a little bit of chasing what’s already happened,” the firm’s head of investment strategy told CNBC’s “Trading Nation” on Friday. “One thing we have to be careful of is not to extrapolate what we’ve seen over

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Vancouver, British Columbia – February 8, 2021 (Investorideas.com Newswire) Mining / Metals / Green Energy Stock News – Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased with recent Canadian-US government integration plans regarding electric vehicles and critical minerals such as Rare Earth Elements.

EL CAJON, Calif. – February 3, 2021 (Investorideas.com Newswire) Breaking EV stock news from Investorideas.com Newswire and RenewableEnergyStocks.com – Solar Integrated Roofing Corp. (OTC: SIRC), an integrated, single-source solar power, HVAC and roofing systems installation company, today announced the official opening of operations of the Company’s dedicated electric vehicle (EV) charging solutions division… Read more

U.S. stocks book worst daily losses since October as Powell stresses long road to recovery and short squeeze drama plays out

Stocks closed sharply lower Wednesday, leaving the Dow and S&P 500 index negative for 2021, on mixed earnings reports and after Federal Reserve Chairman Jerome Powell underscored the long road to economic recovery ahead, following the central bank’s first policy meeting of 2021.

Investors also were transfixed by trading in videogame retailer GameStop Corp. GME, which has surged more than 1,700% this month, as well as in a few other key heavily shorted stocks favored by an army of individual investors organized via Reddit’s wallstreetbets forum.

How did major benchmarks perform?
  • The Dow Jones Industrial Average
    DJIA
    skid 633.87
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