Wednesday, April 24, 2024

Stocks Are Attempting Their First Positive Month of 2022 as Negativity Fades

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Stocks are heading for their first positive month of the year as a glacier of negativity melts and capital flows back to the market. The S&P 500 rose 1.8 percent between Friday, March 18, and...

Stocks Pull Back Before Inflation Data and Earnings Season

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Stocks began the second quarter with a pullback as investors worried about higher interest rates and geopolitical risk. The S&P 500 fell almost 1 percent between Thursday, March 28, and Friday, April 5. (Markets were...

CME Launches Micro Crude Oil Futures With Energy Challenging Multiyear Highs

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Investors just got a new tool for trading energy as prices surge: micro contracts on CME's Group's WTI crude oil futures. The new product began trading last night under the symbol root "MCL." It will...
MGM Resorts Leading S&P 500 This Week, Lifted by Economic Optimism

L Brands, MGM Led the S&P 500 This Week as Reopening Optimism Spreads

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L Brands and MGM Resorts were the top-performers member of the S&P 500 this week as economic optimism overshadowed strong earnings from Big Tech. L Brands (LB) rose 21 percent since Friday, January 29, after...

Housing Stocks Have Crashed — Just in Time for Mortgage Rates to Come Back...

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Housing stocks rallied in early 2021 as Americans scrambled for new homes. Now they pulled back dramatically as lumber prices tumble and mortgages get more affordable. The chart below the Philadelphia Housing Index ($HGX) with...
Bitcoin Dominance Soars as Tesla Shifts Attention Away from Altcoins

Cryptocurrencies Are Holding Their Ground as Potential Positives Mount

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Cryptocurrencies have been sitting quietly for most of the year as investors digest potential positives like Ethereum's pending upgrade and more institutional adoption. Bitcoin and Ethereum, the two biggest digital assets, are little changed since...

Apple iPhone, Amazon Prime Day, Giant Fintech IPO: October Could Be Huge for Tech

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Technology stocks just had their worst month since March, but some big events could draw attention back to the group in October. Apple (AAPL) is expected to release a new iPhone in about two weeks....

Tesla Joins the S&P 500 as the Coronavirus Pandemic Surges and the Economy Slows

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Another milestone is coming for the stock market today as Tesla joins the world's most important index. TSLA is the biggest company ever added to the S&P 500, and will rank No. 5 by market...
Tesla Leads Stock Market Breakout amid Stimulus Hopes

Tesla Leads a New Year Breakout With Stock Investors Eager for Stimulus and Earnings...

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Tesla led stocks into new record territory last week as investors focus on the potential positives coming in 2021. The S&P 500 rose 1.8 percent between Thursday, December 31, and Friday, January 8. It was...
Walmart Tanks as Traders Pivot To Commodity Stocks: Earnings Recap

Walmart Hammered as Covid Boom Fades and Commodities Take Off: Earnings This Week

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Walmart cratered this week as investors unloaded stay-at-home stocks and shifted toward commodities. Walmart (WMT) might have generated more revenue than expected, and enjoyed better traffic. However it came at a cost to profits, which...
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