Tag Archives: Decline

Bitcoin prices extended their recent decline late Thursday, falling for the seventh day in nine, to as low as $50,450. The largest cryptocurrency was changing hands around $51,800 as of 21:23 coordinated universal time (5:23 p.m. ET). Bitcoin (BTC) is down 9.8% since Sunday, the biggest drop on the weekly price charts since late February. Related: Bitcoin’s Drop From Biden’s Proposed Tax Hikes Not Likely to Last, BCB CEO Says A recent rally in prices for ether (ETH) and other alternative… Source link

(Bloomberg) — Stocks dropped in the slowest trading day of 2021 after a rally that drove the equity market to all-time highs. Treasuries climbed. Volume on U.S. exchanges slipped below 10 billion shares for the first time this year. Tech companies led losses in the S&P 500 on Tuesday, offsetting gains in retailers. The Dow Jones Industrial Average and the Nasdaq 100 also retreated. Stocks tied to the Archegos Capital Management blowup ended the session higher as investors brushed news that… Source link

(Bloomberg) — The recent pullback in Bitcoin’s volatility is setting the stage for a trend that could encourage institutions to dive in, according to JPMorgan Chase & Co. “These tentative signs of Bitcoin volatility normalization are encouraging,” strategists including Nikolaos Panigirtzoglou wrote in report emailed Thursday. “In our opinion, a potential normalization of Bitcoin volatility from here would likely help to reinvigorate the institutional interest going… Source link

Bloomberg Turkish Markets Slide as Agbal’s Exit Stokes Lira Turmoil (Bloomberg) — Turkey’s stocks, bonds and the lira tumbled as the shock dismissal of the central bank chief triggered concern the country is headed for a fresh bout of currency turbulence.In one of the sharpest selloffs in years, the Borsa Istanbul Index lost more than 9%, triggering circuit breakers that halted trading. The lira also weakened more than 9%, while yields on Turkish local and dollar bonds soared.Investors… Source link

(Bloomberg) — U.S. stocks pared losses as Treasuries stabilized after a recent spike in yields spurred speculation about excessive optimism among equity investors. The S&P 500 came off session lows as gains in commodity producers and banks offset a slide in technology companies. Giants Apple Inc., Microsoft Corp. and Tesla Inc. dragged down the Nasdaq 100, while the Russell 2000 of small caps underperformed. The Dow Jones Industrial Average fluctuated. Bullishness among Wall Street… Source link

(Bloomberg) — U.S. equity futures slid with European stocks on Tuesday as the jump in bond yields and commodity prices continued to hammer technology shares. Nasdaq futures slumped 1.7% a day after the tech-heavy gauge posted its longest losing streak in four months. Tesla Inc. dropped 5% in pre-market trading as investors continued to punish stocks that have led the rally from the depths of the pandemic a year ago. In Europe, tech shares dragged the Stoxx 600 Index lower. Budding inflation… Source link

TipRanks 2 “Strong Buy” Cannabis Stocks Showing Monster Growth Investors have been fixated on growth companies over the past year, and one segment which has been on the rise is the fledgling cannabis industry. The sector offers a unique proposition and the prospect of further growth, as there is still a major catalyst on the horizon which will completely alter the industry. As expected, a Democrat led senate has been good news for those banking on marijuana reform at the federal level; And… Source link

TipRanks 3 Big Dividend Stocks Yielding Over 7%; Raymond James Says ‘Buy’ Wall Street’s investment firms are burning the midnight oil as we approach the end of 2020, publishing their year-end notes and their New Year prognostications, both for investors’ edification. There is the obvious point: we’re in a moment of rising markets, and investor sentiment is riding high now that the election is settled and COVID vaccines have emergency approval and are getting into the distribution… Source link

A day after lawmakers grilled the chief executives of the biggest tech companies about their size and power, Amazon, Apple, Alphabet and Facebook reported surprisingly healthy quarterly financial results, defying one of the worst economic downturns on record. Even though the companies felt some sting from the spending slowdown, they demonstrated, as critics have argued, that they are operating on a different playing field from the rest of the economy. Amazon’s sales were up 40 percent from a… Source link

In the second quarter, Facebook reported 10% growth in ad revenue while Google’s declined. Photo Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images The headwinds of Covid-19’s economic impact in the second quarter were strong enough to slow down even the ad-funded tech giants. In its second-quarter results released today, Facebook reported $18.7 billion in revenue, an increase of 11% despite the slowdown of advertising spend as… Source link