Tag Archives: gains

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

Stock futures opened slightly lower Tuesday evening after rising during the regular trading day, as investors contemplated the potential for the Federal Reserve to take an even more aggressive approach to reining in inflation. Contracts on the S&P 500 edged lower. The index rose more than 1% during Tuesday’s regular session after sliding on Monday. Technology stocks outperformed, and the Nasdaq Composite rose by nearly 2%. U.S. stocks rose for a fifth time in six sessions on Tuesday as… Source link

Stock futures opened lower Thursday evening to give back some gains from the regular trading day, as traders remained upbeat about the Federal Reserve’s measured first move on raising interest rates. Contracts on the S&P 500 edged lower. The index posted a third consecutive day of gains during Thursday’s session in its longest winning streak in more than a month. U.S. crude oil prices rose for the first time in four sessions to settle back above $100 per barrel, and the 10-year Treasury yield… Source link

Google is introducing its own take on Apple’s SharePlay feature for FaceTime with today’s launch of a new “live sharing” feature for users of its Google Duo video calling service. In Google’s case, however, the interactive, co-viewing experience is not nearly as robust or as broadly available as Apple’s. It only works with a handful of Google and Samsung apps, for starters. And, at launch, it’s a Samsung exclusive. The changes were announced as part of Samsung’s Galaxy… Source link

Stocks rose in a choppy session Wednesday as investors mulled a fresh batch of earnings results from some major index components and tried to further shake off January’s volatility. The S&P 500, Dow and Nasdaq gained just after noon in New York.  A spate of better-than-expected corporate earnings helped partially offset some more concerning signs of an Omicron-induced slowdown in growth at the start of the year. ADP reported Wednesday morning that private-sector U.S. employers cut 301,000… Source link