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Tech Sends Stocks Down With Inflation Angst Rising: Markets Wrap

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

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Stocks trade mixed with tech stocks under pressure, Dow sets record high

Stocks traded mixed on Monday, with technology stocks under more pressure as investors weighed the risks that higher inflation during the pandemic recovery might weigh on high-growth names.  The Dow added more than 150 points, or 0.5%, to reach a new all-time high shortly after the opening bell. The Nasdaq dipped, reversing some of Friday’s gains. The S&P 500 was little changed. Treasury yields were roughly unchanged across the long end of the curve, with the benchmark 10-year yield hovering… Source link

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Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan

In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus injecting cash into the economy – higher wages are seen as a portent of… Source link

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Chipotle raises average hourly wage, looks to hire 20,000 workers

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

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Intel Falls As Atlantic Downgrades, Cutting Target By Almost A Third

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

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One important thing to remember after April’s jobs report flop: Morning Brief

TipRanks Buy These 2 New Stocks Before They Jump Over 80%, Says JPMorgan In the past week, investors have had to cope with multiple conflicting signals from the markets. The April jobs report, which was expected to show almost 1 million new positions for the month, showed only 266,000. The official unemployment number ticked upward slightly to 6.1%, and hourly wages also gained – by 0.7%. That last would seem to be a positive – except that, combined with the massive government stimulus… Source link

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Elon Musk SpaceX Dogecoin tweet fails to spur price

Elon Musk said that the satellite, dubbed Doge-1, would be the first-ever crypto in space and the ‘first meme in space’. Photo: Hannibal Hanschke/Reuters A tweet from Elon Musk saying that his SpaceX company would accept dogecoin (DOGE-USD) to fund a lunar mission next year failed to spur the price of the cryptocurrency on Monday. Dogecoin, which had been rallying last week as internet users tried to push the value of the coin to $1 (£0.70), was lower on the day, down 1.1% to $0.53. The Tesla… Source link

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BioNTech to build mRNA vaccine manufacturing site in Singapore – Yahoo Tech

TipRanks 3 Monster Growth Stocks That Are Still Undervalued A lackluster jobs report didn’t derail the markets last week. New jobs in April totaled only 266,000, far below the 978K expected, and the official unemployment rate, which had been predicted to come in at 5.8% actually ticked up slightly to 6.1%. Even so, the tech-weighted NASDAQ gained 0.88% in Friday’s session, the broader S&P 500 was up 0.75% at the end of the day. These gains brought the S&P to a new record level, with a… Source link

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Celtics likely to play-in tournament

Yahoo Sports will keep you updated nightly on the NBA playoff race during the last two weeks of the regular season. Check back daily for the latest movement in the standings, what to watch for and teams securing their 2020-21 playoff berths. Sunday’s standings Eastern Conference 1. Philadelphia 76ers (47-21) 2. Brooklyn Nets (44-24, 3 GB) 3. Milwaukee Bucks (43-24, 3.5 GB) 4. New York Knicks (38-30, 9 GB) 5. Atlanta Hawks (37-31, 10 GB) 6. Miami Heat (37-31, 10 GB) Play-in tournament 7. Boston Celtics… Source link

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Bryson DeChambeau made $228K after thinking he missed cut

Axios Bernie Sanders impatient with Biden’s quest for GOP support on infrastructure Sen. Bernie Sanders (I-Vt.) indicated to “Axios on HBO” he’s already impatient with the White House’s quest for Republican support for President Biden’s infrastructure package, saying. “The American people want results” and don’t care if these results are achieved with bipartisan votes.Why it matters: The Budget Committee chairman and former presidential rival can cause a lot of headaches for Biden if he so… Source link

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