The final trading month of 2024 kicks off in the week ahead, and promises one final push to the finish line to turn this year’s monster rally into one for the history books. A jobs report is on deck as well. Stocks are at or near all-time highs, and as far as investors are concerned,…
Traders work on the floor at the New York Stock Exchange on Nov. 22, 2024. Brendan McDermid | Reuters A new stock exchange launching next year is on track to offer nearly round-the-clock trading on business days, pending final regulatory approvals, 24 Exchange announced late Wednesday. The 24X National Exchange will debut in the second…
The top 10 things to watch Friday, Nov. 29 1. U.S. stock futures are up on the final trading day of November, as the 10-year Treasury pulled back to its lowest level since Oct. 30 and the 2-year hit its lowest level since Nov. 8. Wall Street is on pace for a winning week and month….
Here are the most important news items that investors need to start their trading day: 1. Market leftovers U.S. stocks will have a shortened trading day Friday after the market was closed Thursday for Thanksgiving. Equities fell entering the holiday, as some investors appeared to trim their stakes in major tech names. Still, both the…
How thankful Wall Streeters are this week likely depends on what asset they are paid to trade. For those investing in equities, 2024 has proven unexpectedly good with the S&P 500’s annual gain on course to be one of the best in history. Few expected that back in January when traders and strategists were bracing…
Oil pumping jacks, also known as “nodding donkeys”, operate in an oilfield near Almetyevsk, Tatarstan, Russia, on Wednesday, March 11, 2020. Andrey Rudakov | Bloomberg via Getty Images Oil prices were mixed on Friday following a potential renewal of supply risk as Israel and Hezbollah traded accusations of ceasefire violations, and as a delay to…
China has eased visa rules for Shenzhen residents traveling to Hong Kong, allowing unlimited visits within a year instead of the previous one-trip-per-week limit. Starting Dec. 1, residents of the southern Chinese tech hub will be able to apply for multiple-entry visas to Hong Kong, accordingBloomberg Terminal to state broadcaster China Central Television. Source link
Even in an age of instant communication and live financial data, investors have had to wait days to take ownership of the stocks they purchased or to receive payment for the stocks they sold. No longer. Since May 28, US stock trades have “settled” in one day rather than two. Global banks, brokers and investors…
Investors should look beyond the most popular, large cap stock funds next year, but that doesn’t mean they have to get too defensive, according to Astoria Portfolio Advisors. John Davi, Astoria’s CEO and chief investment officer, told CNBC that the huge amount of cash that has flowed into index funds tracking the S & P…
The Seoul skyline at sunset. Ed Jones | Afp | Getty Images Asia-Pacific markets traded mostly higher on Thursday after Wall Street rally stalled overnight and as investors assessed a surprise interest rate cut by South Korea. The Bank of Korea unexpectedly cut its benchmark interest rate by 25 basis points to 3.0%. Market watchers…