Investors questioning if the current postelection rally is on the verge of becoming a bubble should keep an eye on one measure of volatility, according to DataTrek Research. The CBOE Volatility Index , known on Wall Street as the VIX, helps traders track when a market rally is actually unhealthy, said DataTrek co-founder Nicholas Colas….
Traders work on the New York Stock Exchange floor on November 12, 2024 in New York City. Source: NYSE Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox. Here’s what CNBC TV’s producers…
Check out the companies making headlines in extended trading. Spotify Technology – Shares of the music-streaming service jumped about 8%. Total monthly active users for the third quarter came in at 640 million, reflecting an 11% jump from a year earlier and beating FactSet consensus estimates of 639.0 million. Still, Spotify fell short of the…
CNBC’s Jim Cramer examined Tuesday’s market action, saying the rally fueled by the victory of President-elect Donald Trump took a breather as Wall Street weighs what broad tax cuts could mean for the bond market. “If you believe we’re about to get big tax cuts, remember that somebody eventually has to pay for the missing…
It’s a good time to check in on how the “Trump trade” is doing. The stock market rallied to fresh records after Donald Trump was declared the next U.S. president, with investors betting that his vow to cut taxes and loosen regulation will foster deal-making, stimulate the economy and support risk assets. The S &…
Check out the companies making headlines in midday trading. Shopify — Shares surged 26% after the e-commerce platform operator posted third-quarter operating income of $283 million, higher than the $122 million in the same quarter a year ago. Shopify’s $2.16 billion revenue beat a FactSet estimate of $2.12 billion. The stock was on track for…
Investors are piling into stocks in a way to a degree not seen for more than a decade. Bank of America’s global fund manager survey showed the percentage of portfolio managers who are overweight U.S. stocks soared to 29% — its highest level since August 2013 — from 10% before the U.S. presidential election. Stocks…
The S & P 500 is on pace to deliver a second straight year of gains above 20%. Historical data shows how uncommon that really is. After last week’s postelection rally, the S & P 500 is now up by about 26% on the year. That comes after the broad index climbed more than 24%…
Traders work at the New York Stock Exchange (NYSE), Friday, November 8, 2024. Source: NYSE Stock futures are near flat Monday night as Wall Street continued analyzing which sectors to pour money into amid a postelection rally that’s sent equities to record levels. Futures tied to the Dow Jones Industrial Average lost 37 points, or…
Check out the companies making headlines before the bell. Tesla — The electric vehicle stock popped 7% and looked poised to build on last week’s 29% surge. The Elon Musk-run company has rallied on the heels of Donald Trump’s presidential victory, topping $1 trillion in market value on Friday as investors bet the company will…