U.S. stocks on Monday experienced a small slide ahead of the 2024 presidential election, but other markets are already moving more sharply. U.S. stocks largely held steady, with the S&P 500 close to last month’s record. The Dow Jones fell by 135 points, or 0.3 percent, and the Nasdaq edged down by 0.1 percent. How…
Strategists at JPMorgan Chase & co. and Morgan Stanley agree: bond yields will set the direction of travel for US equities in the aftermath of Tuesday’s election. A win for Donald Trump together with a Republican sweep of Congress followed by limited moves in the 10-year Treasury yield on expectations of improving economic growth would…
Just before a hotly contested US election considered a toss-up, options traders across markets appear to be reducing risk and bracing for more volatility. Equity options volatility climbed through most of October even as the market’s swings were muted, in anticipation of not just the upcoming election but also earnings season and a Federal Reserve…
Warren Buffett dumped more Apple stock in the third financial quarter 2024, expanding Berkshire Hathaway’s cash on hand while reducing its stake in the tech giant to only one-third of what it held just two years ago. Berkshire Hathaway, with the most expensive stock in the world priced at around $678,000 per share, held 915.6…
Wall Street’s major indexes climbed on Friday, rebounding from the previous day’s sell-off as Amazon’s strong earnings countered a significant drop in US job growth in October. All three indexes still finished with weekly losses. The Dow Jones Industrial Average jumped more than 500 points after the release of the jobs report before paring gains. The…
The massive run up in shares of DJT, the stock symbol for Donald J. Trump’s social media company Truth Social, has been described by me and others as a meme-induced phenomenon. The stock is buoyed by what some might say is an irrational degree of exuberance that Trump will win the presidential election – which…
Hi, I’m Rebecca Choong Wilkins in Hong Kong, where — like everyone else — I’m trying to figure out just how much support Chinese President Xi Jinping will roll out for the beleaguered economy. The secret to answering that question might lie with a dissident in Canada and his cat. Source link
Asian equities fell after US stocks dropped on lackluster tech results. A rally in Treasuries favored the long end of the curve ahead of US jobs data due later Friday. Shares in Japan, South Korea and Australia declined, while a gauge of US-listed Chinese companies dropped for a third straight day on Thursday. The S&P…