Nov 12 – What matters in U.S. and global markets today By Mike Dolan, opens new tab, Editor-At-Large, Finance and Markets Sign up here. Markets have already effectively priced in the U.S. government’s reopening on Monday, with today’s House vote to restore funding, opens new tab through January seen as a formality. Attention has now…
ORLANDO, Florida, Nov 11 (Reuters) – U.S. tech was the major outlier in an otherwise buoyant day for global stocks on Tuesday, as relief around the expected end of the U.S. government shutdown lifted the Dow to a record closing high and other indices to new peaks too. More on that below. In my column…
Tech sector amounts to 36% weight in S&P 500, more than in dot-com era Tech remains best performing sector YTD AI-related declines could prompt broader weakness NEW YORK, Nov 6 (Reuters) – This week’s wobble in shares connected to artificial intelligence is a stark reminder that the U.S. stock market is ever more reliant on…
ORLANDO, Florida, Nov 5 (Reuters) – U.S. stocks and bond yields rose on Wednesday on surprisingly strong job growth and service sector data, which suggests the economy is in decent shape and calls into question how much lower the Federal Reserve needs to cut interest rates. I didn’t write a column today, but don’t worry…
South Korea leads declines amid broad retreat Bitcoin, gold attempt recovery after selloff Wall Street CEOs question sustainability of rally SINGAPORE, Nov 5 (Reuters) – Asian stocks extended an overnight selloff on Wall Street in early trading on Wednesday as investor concerns about stretched valuations sapped confidence. MSCI’s broadest index of Asia-Pacific shares outside Japan…
Morgan Stanley CEO sees 10%-15% equity markets drawdown Analysts and investors debate whether markets are in a bubble Futures linked to Wall Street’s main indexes edge lower Nov 4 (Reuters) – CEOs of Wall Street heavyweights Morgan Stanley (MS.N), opens new tab and Goldman Sachs (GS.N), opens new tab on Tuesday cautioned that equity markets…
Nov 3 (Reuters) – Electric aircraft maker Beta Technologies has raised $1.01 billion in its U.S. initial public offering on Monday, pricing its shares above its indicated range and underscoring the strong pipeline of new listings in the resurgent IPO market. The Vermont-based company sold 29.9 million shares at $34 apiece, above its indicated range…
Berkshire still a net seller of stocks, no buybacks Buffett prepares to give CEO title to Greg Abel Berkshire stock trails broader market Nov 1 (Reuters) – Berkshire Hathaway (BRKa.N), opens new tab signaled on Saturday that it remained cautious about markets, letting cash swell to a record $381.7 billion even as profit rose, in…
Oct 31 (Reuters) – TXSE Group said on Friday Wall Street behemoth J.P. Morgan had made a strategic investment in the company, becoming the latest to join a roster of marquee backers of the Texas Stock Exchange-parent. The total capital raised by TXSE, backed by financial heavyweights BlackRock (BLK.N), opens new tab, Charles Schwab (SCHW.N),…
Oct 31 (Reuters) – Global equity funds attracted massive investments in the week to October 29 ahead of an anticipated interest rate cut by the U.S. Federal Reserve and a trade deal between U.S. President Donald Trump and Chinese President Xi Jinping. Investors accumulated a net $10.58 billion worth of global equity funds, extending their…