Finance
Stocks and the price of gold fell Wednesday, as momentum on Wall Street reverses. The Standard & Poor’s 500 index sank 0.5%, though it’s still within 1% of its all-time high set this month. The Dow Jones industrial average dropped 334 points, or 0.7%, from its record set the day before, while the Nasdaq composite…
Bank of America Research has issued a fresh warning for equity investors: the S&P 500, now hovering near historic highs, is demonstrating elevated risk levels with 60% of the firm’s proprietary “bear market signposts” flashing red—just shy of the point that has historically heralded a market peak. The bank’s S&P 500 Relative Value Cheat Sheet,…
The U.S. stock market has delivered impressive gains for over a decade, but warning signs of a potential downturn are mounting. Inflation remains sticky, interest rates hover at levels that could squeeze corporate profits, and geopolitical tensions from ongoing trade disputes to conflicts abroad add layers of uncertainty. Analysts point to overvalued tech stocks and…
Markets are inching lower today, but this nuclear energy stock is in free fall. After logging losses at the end of trading on both Monday and Tuesday, Oklo (OKLO 13.42%) stock is continuing to plunge lower today. Oklo bulls who are concerned that the stock’s movement reflects the company suffering a major setback in the…
A number of stocks fell in the afternoon session after new trade tensions and disappointing earnings from major tech companies weighed heavily on investor sentiment. A key driver was the news that the White House is considering new restrictions on Chinese exports that use U.S. software, a move that could significantly impact technology companies. This…
Appetite for Beyond Meat’s plant-based burgers is shaky. But traders sure seem to developed a taste for its stock. Shares in the company have soared about 1,000% over four days – a stunning rally for a company that had seen its share price all but wiped out since it debuted on the stock exchange six…
US stocks extended losses on Wednesday as markets continued to parse a mixed set of earnings results, while concerns over additional trade barriers between US and China and the government shutdown persisted. The S&P 500 and the Dow dropped more than 0.5%, with the latter having closed at a record yesterday, while the Nasdaq slipped…
Gold (GC=F) prices extended declines on Wednesday following the worst intraday drop in more than 12 years, putting a pause on one of this year’s hottest rallies. Futures for the yellow metal fell more than 1% to hover near $4,060 per troy ounce after dropping 5.5% in the prior session as investors locked in profits…
Dimitri Semenikhin didn’t expect his bullish posts about a beaten-down faux meat maker’s stock to get much attention, but his thesis has been at the center of retail traders’ latest meme-stock craze. When Semenikhin posted his Beyond Meat outlook on Reddit under the moniker Capybara Stocks, he said he simply saw an opportunity to share…
By Caroline Valetkevitch NEW YORK (Reuters) -Gold prices declined again on Wednesday, a day after spot gold had its sharpest single-day drop in over five years, while major stock indexes mostly eased with Netflix shares down after the company’s outlook disappointed. Gold, one of the year’s best-performing trades, slid as investors booked profits. It remains…