People enter a GameStop store in Alhambra, California on January 27, 2021. Photo: FREDERIC J. BROWN/AFP via Getty Images European stock markets opened lower on Thursday, as a sell-off on Wall Street overnight prompted weakness in equity markets globally. The Dow Jones (^DJI) closed down 2% on Wednesday, its biggest one-day fall since October. The slump came after a downbeat assessment of the economy from the US Federal Reserve and amid a highly unusual battle between retail investors and hedge… Source link
Read More »Stock futures rise as traders await Fed decision, Microsoft jumps after earnings
Stock futures opened slightly higher on Tuesday investors awaited another batch of corporate earnings results and the Federal Open Market Committee’s (FOMC) January monetary policy decision. S&P 500 futures traded higher by about 0.2% as the overnight session kicked off, holding near the index’s all-time high. Contracts on both the Nasdaq and Dow also increased. Late Tuesday, shares of heavily weighted tech stock Microsoft (MSFT) jumped after the company posted fiscal second quarter… Source link
Read More »Fed looks to 2013 for future strategies in tapering asset purchases – Yahoo Finance
TipRanks 3 Big Dividend Stocks Yielding at Least 8%; Wells Fargo Says ‘Buy’ With the Georgia election behind us, and the Trump Administration on the way out, the near- to mid-term political landscape is growing clearer: The Biden Administration will be able to cater to its progressive base, now that it rests on majorities – however thin – in both Houses of Congress. Predictability is good for the markets, and we’re likely to have that, at least until 2022. Which makes this the time… Source link
Read More »Fed sends mixed messages on its plans for asset purchases
The Federal Reserve has committed to beefing up its asset purchases until “substantial further progress” is made on the economic rebound. But Fed officials this week are sending mixed messages on whether or not the next move will be ramping up or winding down its quantitative easing program. Chicago Fed President Charles Evans said Monday that the central bank will likely maintain its $120-billion-a-month pace of buying mortgage-backed securities and U.S. Treasuries “for a while.” But… Source link
Read More »U.S. Congress poised to vote on COVID aid package after Fed compromise
TipRanks The 5G Revolution Could Send These 3 Stocks Higher 5G is here. The new networks are online and expanding, and customers – individual consumers, institutional users, and industrial applications – are starting to take advantage of the new technology. The advantages of 5G are already well-known: faster connections, more efficient upload and download capability, lower latency, greater security. 5G tech is essential for developing the full potential of autonomous vehicles and IoT… Source link
Read More »Fed Decision Could Bring Bank Stocks Into Bull Market
TipRanks 3 Stocks Flashing Signs of Strong Insider Buying Sometimes, following a leader makes the best investment strategy. And corporate insiders have long been popular leaders to follow. Their combination of responsibility to their stockholders and access to ‘under the hood’ information on their companies gives their personal investment choices an air of authority.The most important thing about these insiders is that whatever else they do, they are expected to shepherd their companies to… Source link
Read More »Fed loosens restrictions on bank share buybacks after second stress test
WASHINGTON, D.C., Dec. 2, 2020 — A man wearing a face mask walks past the U.S. Federal Reserve in Washington, D.C., the United States, on Dec. 2, 2020. Most Federal Reserve districts reported that firms’ outlooks remained positive, but “optimism has waned,” as COVID-19 cases continue to spike, the U.S. Fed said in its latest Beige Book released on Wednesday. (Photo by Liu Jie/Xinhua via Getty) (Xinhua/Liu Jie via Getty Images) The Federal Reserve on Friday loosened its restrictions on share… Source link
Read More »Stock futures rise as lawmakers press ahead with stimulus talks, traders await Fed
Stock futures rose Wednesday morning, pointing to another session of gains as investors considered lawmakers’ final efforts to get a stimulus package through before year-end, and awaited the Federal Open Market Committee’s December monetary policy decision. Contracts on all three major indices headed toward a higher open, but came off overnight session highs after a much weaker-than-expected print on November retail sales, which showed a sharper drop in consumer spending than anticipated… Source link
Read More »Mnuchin 'making it up' on stripping Fed of emergency loan funds: former TARP inspector – Yahoo Finance
TipRanks J.P. Morgan: 2 Stocks to Consider Buying (and 1 to Stay Away From) In a report on current market conditions – and the strategic view going forward – JPMorgan’s Marko Kolanovic sees plenty of reasons for optimism. Kolanovic sees that risk has eased in the last few weeks, and taking the usual daily fluctuations into account, markets are likely to see a sustained rally.The biggest news, in Kolanovic’s view, are the positive reports about the rapid development and imminent… Source link
Read More »Former Fed Chair Janet Yellen reportedly Biden pick for Treasury Secretary – Yahoo! Voices
TipRanks 3 Monster Growth Stocks That Still Have Room to Run Investors are in the market to make a profit, and that means finding the stocks with proven growth potential. Yes, it’s a cliché to remind everyone that past performance does not guarantee future results, but when a stock consistently shows strong share appreciation, over an extended period, it’s a positive sign for investors.With more than ten months behind us, the stocks that are now showing a combination of strong gains and a… Source link
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