Tag Archives: Declines

Stock futures opened lower Wednesday evening as investors contemplated the Federal Reserve’s latest monetary policy decision and updated projections, which signaled a quicker path to higher interest rates than previously anticipated. Contracts on the S&P 500, Dow and Nasdaq added to earlier losses. Each of the three major stock indexes ended Wednesday’s session lower after the Fed’s new projections pointed to two rate hikes by year-end 2023. Federal Open Market Committee members also upgraded… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link

(Bloomberg) — Bitcoin’s domination of total cryptocurrency market value is declining as its next-biggest rival Ether reaches the $3,000 milestone, suggesting room for more than one winner among digital tokens as the sector evolves. The largest digital currency now accounts for about 46% of total crypto market value of $2.3 trillion, down from roughly 70% at the start of the year, according to tracker CoinGecko. Second-ranked Ether is up to 15% and a group of others outside the top few has… Source link

Stocks fell Tuesday, with the three major indexes looking for dip for a second straight session.  The Dow and S&P 500 each opened further below their recent all-time highs. Cyclical travel and leisure stocks including airlines and cruise lines slid, while Big Tech stocks were little changed as the benchmark 10-year Treasury yield edged lower.  “It’s really been an amazing tug-of-war between growth and value, cyclicals and defensives. Tech has outperformed phenomenally well over the last… Source link

TipRanks Goldman Sachs Says These 3 Stocks Are Ready to Rip Higher Current market conditions are pushing investors into stocks – and the result is record-high valuations. The S&P 500 has hit a new all-time high, and the NASDAQ, which peaked in February, remains within 3% of its record level and is headed back up. While this is obviously good for investors’ portfolios, there is some concern that we may be looking at a stock bubble. Weighing in from Goldman Sachs, however, strategist Petter… Source link

(Bloomberg) — U.S. stocks closed at a record high for a third consecutive trading session amid growing optimism over the budding economic recovery and progress on vaccines. Long-term Treasury yields edged lower. The benchmark S&P 500 Index gained for a fifth straight trading session, led by the utilities and real estate sectors. The Dow Jones Industrial Average also closed at a record and finished up for a seventh session in a row. Apple Inc., Tesla Inc. and Facebook Inc. led the tech-heavy… Source link

This was expected, but now it is official: Anthony Davis has declined his $28.7 million option with the Lakers, with Chris Haynes of Yahoo Sports breaking the news. Yahoo Sources: Los Angeles Lakers superstar Anthony Davis is officially declining his $28.7 million player option to become an unrestricted free agent. — Chris Haynes (@ChrisBHaynes) November 16, 2020 He will re-sign with the Lakers, where he and LeBron James just led the franchise to its 17th title. “I had a great time in L.A…. Source link

AUGUSTA, Ga. — Jack Nicklaus believes the Masters is no place for politics. The six-time Masters champion opened the Masters on Thursday morning with a ceremonial tee shot alongside fellow legend Gary Player. Afterward, he and Player spoke for nearly an hour on topics ranging from fitness to Augusta history to Player’s attempts to help integrate his native South Africa. But one topic was off-limits for Nicklaus: President Trump. Nicklaus endorsed the president recently in a social media… Source link

(Bloomberg) — The dollar extended its recent slide and gold rose to a record high as investors mulled simmering Sino-American tensions, the upcoming Federal Reserve meeting and signs the virus spread in the U.S. may be slowing. Global stocks were mixed. The Bloomberg Dollar Spot Index fell as much as 0.8% to its lowest in about a year and a half. Shares fluctuated in Japan, Hong Kong and Australia, while U.S. and European futures climbed after last week’s declines. A 10% surge in Taiwan… Source link