Finance
Key takeaways The US30 is extending its gains after reaching a record closing level yesterday. The index is supported by a capital rotation from the technology sector into traditional value stocks. Among yesterday’s top performers on Wall Street were biotech stocks, which continue their strong momentum in premarket trading. The US30…
It’s been a good week for equities, and in the early going, that strength is continuing. Gold and silver are modestly higher, though crude oil is pulling back. The dollar is up a bit along with Treasuries. To get more articles and chart analysis from MoneyShow, subscribe to our Top Pros’ Top Picks newsletter here.)…
US stock futures are ticking upward this morning, with the S&P 500 set to open about 0.1% higher after a market-moving end to the government shutdown. Congress passed a bill to fully reopen the government following a record 43-day closure, and this sudden return to normal operations has pushed the key interest rate for 10-year…
(Bloomberg) — The Goldman Sachs Group Inc. strategist who correctly predicted Wall Street’s underperformance this year expects US equities to keep lagging for the next decade. Most Read from Bloomberg Peter Oppenheimer and his team recommended that investors increase diversification beyond the US as elevated stock valuations put a lid on gains. They expect the…
With falling FCF and a heavy debt load, McGraw Hill stock doesn’t look like a very good buy. Educational and professional publisher McGraw Hill (MH +23.92%) stock jumped 19% through 11:10 a.m. ET Wednesday after beating on earnings this morning. Heading into the quarter, analysts only expected McGraw Hill to earn about $0.35 per share…
Nov 13 (Reuters) – China’s securities watchdog chief, Wu Qing, has sought approval to step down, people with knowledge of the matter said, in what would be an abrupt and unexpected exit for a regulatory head brought in last year to stabilise the country’s stock markets. Wu, who was appointed the chairman of China Securities…
Dow Jones futures rose slightly overnight, along with S&P 500 futures and Nasdaq futures. President Donald Trump signed a short-term funding bill Wednesday night, ending the government shutdown. Dow component Cisco Systems (CSCO) jumped on earnings late. The stock market rally was mixed Wednesday, with the Dow Jones hitting a record high on expectations that…
US stock futures rose Thursday morning with traders processing the end of the longest government shutdown in US history. Futures attached to the Dow Jones Industrial Average (YM=F) nudged up 0.2%. Contracts tied to the S&P 500 (ES=F) crept up 0.2% while Nasdaq 100 futures (NQ=F) made 0.3% gains. A bill ending the record-length 43-day…
Topix, FTSE, STOXX and Dow Jones notch record highs Yen slipping as PM pushes back on rate hikes Brent crude at 3-week low on OPEC surplus forecast SINGAPORE, Nov 13 (Reuters) – Stocks and gold paused for breath on Thursday at the end of the longest government shutdown on record, with markets turning to the…
Hamlet moment To AI, or not to AI — that really is the trade right now. The question isn’t whether the dollar goes up or down, but whether the market dares to believe that the AI boom still has legs strong enough to pull the global risk complex higher, or whether the next data drop…