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U.S. stocks opened lower Tuesday morning to start the holiday-shortened week in the red as investors continued to monitor tensions between Russia and Ukraine and await the Kremlin’s next move. The Dow Jones Industrial Average fell 252 points, or 0.74%, to 33,826.86, while the S&P 500 dipped 0.66% to 4,320.30. The Nasdaq Composite shed 0.92%, or 130 points, to 13,420.79. Wall Street was closed for trading on Monday in observance of Presidents Day, but investors will return from the long… Source link

Home price growth in the U.S. paused in the final month of 2021, but the full year logged in record gains. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted an 18.8% annual gain in December, unchanged from November. The 20-City Composite posted an 18.6% annual gain, up from 18.3% a month earlier. The 20-City results were higher than analysts’ expectations of an 18% annual gain, according to Bloomberg consensus estimates. “For the year,… Source link

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Happy Twosday! Feb. 22, or 2/22/22, falls on a Tuesday, making it a holiday all its on – “Twosday.” It’s a palindrome date, meaning it can be read the same forward and backward. According to Keloland.com, last year contained a total of 22 palindrome dates including a streak of nine in a row in January 2021 – 1-20-21, 1-21-21, 1-22-21, 1-23-21, 1-24-21, 1-25-21, 1-26-21, 1-27-21, 1-28-21 and 1-29-21. According to the Farmer’s Almanac, February 2022 will have 10 palindrome dates: 2-2-22,… Source link

Time for a touch of optimism. Recession concerns may be on the rise (see Google search trends below) thanks to soaring inflation, rising gas prices and an unpredictable conflict between Russia and Ukraine, but that doesn’t mean building out an all defensive stock portfolio is the correct move, warns veteran JPMorgan market strategist Mislav Matejka. “We think it is wrong to position for a recession given still extremely favorable financing conditions, very strong labour markets,… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, February 22, 2022 Crime, like working from home, is an economic issue Enough already. If there was ever a pithy slogan or rallying cry suited for a leader in crisis, the above sentence would be perfect for New York City Mayor Eric Adams, and could be applied on at least two fronts: working from home and the Big Apple’s skyrocketing… Source link

Allaire is focused on a bigger problem: convincing politicians and regulators that crypto — stablecoins in particular — is the future of finance. When he’s not rapping, Allaire sometimes puts on a suit to explain to members of Congress the rapid rise of blockchain-based financial services and why that tech trend is unstoppable. He’s been doing it for nearly a decade. “Conversations are a hell of a lot better now than they were two years ago, three years ago, four years ago, five… Source link

Hey, a day without afternoon hockey. How novel! We have six games on the slate for the NHL. Here are some players to target, and to avoid, for your DFS lineups. GOALIE Ilya Sorokin, NYI at SEA ($36): Both of these teams struggle to score goals, but the Kraken are last in the league in shots on net per game. Also, they are on the second leg of a back-to-back. As a result, sign me up for Sorokin, who has a 2.44 GAA and .921 save percentage. GOALIE TO AVOID Juuse Saros, NAS at FLA ($33): Saros has… Source link

Now that the NFL’s coaching carousel has come to an end, fans and bettors are turning their attention to the QB carousel which will soon spin into motion. In anticipation of that event, BetMGM posted prop lines for six different teams, asking which QB will take the first snap in Week 1 of the regular season. The malcontents Murray scrubbed his social media like someone looking for a new job, following the Cardinals’ 34-11 playoff loss to the Rams. These situations involving a quarterback under… Source link

(Bloomberg) — Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. Most Read from Bloomberg The Hang Seng Tech Index fell more than 3% on Tuesday and headed for the lowest close since its inception in 2020. Alibaba Group Holding Ltd. led declines following a Bloomberg report that authorities have begun another round of checks on its fintech business arm. The rout weighed on the broader Hong Kong market, with the… Source link