Here are five key things investors need to know to start the trading day: 1. Timid trading Stock futures were timid Thursday, continuing a relatively slow week on Wall Street. Four trading days into the period, the major averages have posted modest gains. The Dow Jones Industrial Average is up 1% on the week, the…
Over the next decade, advances in artificial intelligence will mean that humans will no longer be needed “for most things” in the world, says Bill Gates. That’s what the Microsoft co-founder and billionaire philanthropist told comedian Jimmy Fallon during an interview on NBC’s “The Tonight Show” in February. At the moment, expertise remains “rare,” Gates…
Morgan Stanley’s Mike Wilson sees a meaningful rotation back into U.S. stocks, and he sees one beaten-up group as a winner. “It started out with a low-quality rally, which is what we expect – meaning a short squeeze,” the firm’s chief investment officer told CNBC’s “Fast Money” on Monday. “Then, what we noticed is the…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Wall Street got off to a strong start Monday, with the Nasdaq leading the way up 2%. The S & P 500 was up more than 1.5% while the…
Maybe it is worth waiting for stocks like Wynn Resorts , names so cheap that they can’t be explained. On Friday, I spent a considerable amount of time with Wynn CEO Craig Billings at his incredible hotel, the gem of the Las Vegas strip, talking about his business and its cockamamie stock price. Wynn’s valuation…
Market sentiment soured quickly this month as investors endured an acute 10% correction in the S & P 500. With $4.6 Trillion in options expiring Friday, I want to approach the S & P 500 with cautious optimism. I am using SPDR S & P 500 ETF (SPY) to obtain upside capture in a possibly…
NEW YORK (AP) — Stocks fell in morning trading Friday and Wall Street is veering toward its fifth straight weekly loss. The S&P 500 fell 0.6%. The index, which is a benchmark for the broader market’s health, is facing its worst weekly losing streak in nearly two years. The Dow Jones Industrial Average fell 228…
Investors should focus on buying stable stocks at a lower valuation as uncertainty grows due to policies out of Washington, according to Goldman Sachs. The stock market has been under pressure recently, with the S & P 500 briefly dipping into correction territory last week. The broad market index struggled again on Tuesday, losing more…
The difference between Chinese and U.S. stocks is only getting clearer. The S & P 500 fell into correction on Thursday for the first time since 2023 . Meanwhile, the MSCI China index has surged double digits in its best start to a year in history, largely thanks to artificial intelligence, according to Goldman Sachs….
Fears of an economic recession have been cited as a catalyst for the stock market’s horrid run this week. JPMorgan thinks something else may be driving the downturn. “In our mind the most likely culprits are equity hedge funds and in particular two categories: Equity Quant hedge funds and Equity TMT Sector hedge funds,” strategist…