Tag Archives: gains

U.S. stocks pushed higher for a fourth straight session on Thursday, led by broad-based gains across all sectors. Investors look ahead to the all-important June jobs report due out before Friday’s opening bell. The S&P 500 rallied 1.5% and the Nasdaq gained 2.3%. The Dow Jones Industrial Average added 246 points, or roughly 1.1%. The Labor Department is set to release its latest monthly employment data at 8:30 a.m. ET on Friday. Figures are expected to show a payroll gain of 268,000 — the… Source link

(Bloomberg) — Bridgewater Associates posted a 32% return for its flagship hedge fund through the first half of 2022 as it benefited from increased market volatility, according to a person familiar with the performance. Most Read from Bloomberg The firm founded by Ray Dalio told investors that the Pure Alpha II fund climbed 4.8% in June, boosting the annualized return since its 1991 inception to 11.4%, the person said, asking not to be identified because the results aren’t public. Like many… Source link

US stocks rose Friday morning, with the S&P 500 on track to end a three-week losing streak as investors digested the Federal Reserve officials’ latest affirmations that they remained committed to bringing down inflation. Contracts on the S&P 500 rose by about 0.8% in early trading, setting the index up for a back-to-back day of gains and its first weekly advance since late May. Dow futures rose by more than 200 points, or 0.7%, while Nasdaq futures increased by nearly 1% ahead of the opening… Source link

Despite the modest rally that we’ve seen since late May, volatility still rules the markets. The overall trend for the year has been down – to the tune of 14% on the S&P 500 and 23% on the NASDAQ. It’s not exactly an environment that would encourage large-scale buying. But Marko Kolanovic, global market strategist from JPMorgan, takes the contrarian view, explaining why, in his view, current low prices represent opportunities. “As the market got into oversold conditions, it didn’t… Source link

U.S. stock futures opened higher Tuesday afternoon after rallying during the regular trading day, as investors took in reassurances from Federal Reserve Chair Jerome Powell that the central bank was set on using its policies to bring down inflation still running at multi-decade highs. Contracts on the S&P 500 edged higher. The blue-chip index ended Tuesday’s regular trading day higher by 2% to settle at at 4,088.85. Technology and growth stocks that had been beaten down over the past month… Source link

Senators Cynthia Lummis (R, WY) and Kirsten Gillibrand (D, NY) are proposing a tax exemption for up to a certain level of capital gains on cryptocurrencies, as part of new forthcoming legislation to regulate cryptocurrencies. “We came up with a number of $600 just start out with, but among the things that we’re doing is sharing our bill draft with a number of our constituents so we can get feedback,” Lummis said in an interview with Yahoo Finance. “Is $600 the right number? Should it be… Source link

A broad sell-off in technology stocks has dragged Cathie Wood’s main Ark Invest fund into the gutter – and it looks like it will take a long time for the popular ETF to dig itself out. The average holding in Ark Innovation (ARKK), Ark Investment Management’s namesake flagship exchange-traded fund, is currently down over 70% from its five-year high, according to fresh data from market research firm Bespoke Investment Group. The rout in ARKK’s portfolio brings the investment vehicle 60%… Source link

With Tax Day 2022 on April 18 fast approaching, young or inexperienced traders and investors may have questions about reporting gains on so-called “meme stocks” — stocks that become popular with retail investors through social media or other online platforms. According to private wealth advisor Rocco Carriero, tax reporting for meme stocks should be treated the same as any other equity investment. “Well, most financial institutions would be sending you out some type of a 1099 document… Source link

We’ve wrapped up the first week of April, and it feels like the April Fools’ pranks are still with us. Market headwinds have multiplied and receded, all at once. Covering the macro situation from banking giant JPMorgan, global market strategist Marko Kolanovic writes: “Equities risk-reward is not as poor as it is currently fashionable to believe… While the exogenous geopolitical crisis continues to present a binary set of outcomes, the activity momentum ahead of this shock was… Source link

U.S. stock futures gained Friday morning, with investors continuing to contemplate the next policy moves by the Federal Reserve. Contracts on the S&P 500 pointed to a higher open to build on Thursday’s gains and further shake off volatility from earlier this week. Still, as of Thursday’s close, the S&P 500 was on track to post a weekly loss that would end a three-week winning streak, if levels hold through Friday’s close. Fresh commentary from Fed officials remained in focus, as another set of… Source link