A man wearing a protective face mask walks by 14 Wall Street in the financial district of New York, November 19, 2020. Shannon Stapleton | Reuters The earnings reporting season gets underway in the week ahead, and it is expected to be a positive catalyst that could continue to send stocks higher for now. The … Read more
Traders work on the floor of the New York Stock Exchange. NYSE April started off with a rally, and the market could continue to notch gains as the month gets underway, strategists say. The U.S. Labor Department’s surprisingly strong March jobs report this Friday showed that there were 916,000 jobs added in March, compared to … Read more
A number of large block trades on Friday, which investors said caused big drops in the stocks of a clutch of companies, were linked to the Archegos Capital investment fund, a source familiar with the situation said, with the moves raising worries about volatile trading in the coming days. Shares in ViacomCBS and Discovery tumbled … Read more
Traders work on the floor of the New York Stock Exchange. NYSE Stocks could be buffeted by end-of-quarter trading in the week ahead, as pension funds and other big investors buy bonds and sell stocks to rebalance their portfolios. The dramatic move higher in bond yields this quarter sets up fund managers to shift their … Read more
CNBC’s Jim Cramer on Thursday laid out his dos and don’ts for investing in the current market environment. “If you accept your predicament and you follow these rules, you’ll have a chance to prosper in this brand new market. But if you try to cling to what worked last year,” the “Mad Money” host said, … Read more
President Joe Biden speaks to members of the press on the South Lawn upon returning to the White House after a trip to Camp David, in Washington, March 21, 2021. Erin Scott | Reuters The White House will consider splitting an estimated $3 trillion economic recovery proposal into two bills, The New York Times reported … Read more
Traders on the floor of the New York Stock Exchange. Source: NYSE U.S. stock futures fell slightly on Sunday evening as Wall Street looked to bounce back from a losing week. Futures contracts tied to the Dow Jones Industrial Average fell 78 points, or 0.2%. Those for the S&P 500 and Nasdaq 100 lost 0.3% … Read more
Tech stocks climbed Friday to end the week on a high note, but CNBC’s Jim Cramer expects more downside in the tech cohort as investors continue to rotate out of high-growth names. “Like it or not, stocks are joined at the hip with the bond market right now,” the “Mad Money” host said. As bond … Read more
Chris Hondros | Newsmakers | Getty Images Investors are finally rotating out of tech stocks after a decade of outperformance. For the fourth straight week, the tech-heavy Nasdaq Composite trailed the Dow Jones Industrial Average. It’s the longest such streak since April-May 2016, which was also the only year since 2011 that the Dow beat … Read more
Daniel Niles John Chiala | CNBC Hedge fund manager Dan Niles told CNBC on Wednesday he likes shares of Magna International as an attractively priced way to get exposure to the buzzy electric vehicle market. EVs have been in the spotlight on Wall Street in recent months as a flurry of startups go public through … Read more