Tag Archives: highs

The long pause between record highs is bullish

The long pause between record highs is bullish

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The S&P 500 closed at a record high on Monday, its second straight record close after Friday saw the index break a two-year streak without a record high. And stock market history suggests this break between records portends a better-than-average year ahead for the S&P 500. In a note to clients on Monday, Keith Lerner, co-chief investment officer at Truist, noted that in 13… Source link

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Gas prices in California ‘are retesting their 2022 highs,’ pushing up national average

Gas prices in California ‘are retesting their 2022 highs,’ pushing up national average

Gas prices in California are heading painfully higher once again, sending the national average up for the second straight week to over $3.80 per gallon. The average price for a gallon of gas in California was $6.41 on Tuesday, according to AAA, roughly $0.03 short of the record set in June. In Los Angeles County, the average price for a gallon of gas was $6.46 compared to the national average of $3.81. “That’s very much a disproportionate increase,” GasBuddy Head of Petroleum Analysis… Source link

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3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income

3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income

3 top dividend stocks yielding as high as 8.7% — with inflation still near 40-year highs, it might be a good move to nail down some income Inflation is on a white-hot tear. U.S. consumer prices surged 8.3% in April from a year ago, down slightly from 8.5% in March, but still near 40-year highs. Whether central bankers believe inflation is short-lived, prices are on the rise right now. To preserve purchasing power, investors usually turn to assets like gold and silver during inflationary times…. Source link

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Why Buffett Is Buying Energy Stocks At Multi-Year Highs

For decades, Berkshire Hathaway (NYSE:BRK.B) Chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favoring retail and banking stocks while giving a wide berth to more volatile sectors such as tech and energy. However, he finally pulled the trigger on PetroChina Co. (NYSE:PTR) in 2002 and Apple Inc. (NASDAQ:AAPL) in 2011. The Oracle’s foray into energy and tech initially paid off after he realized a tidy $3.5B profit on PetroChina, while his $158 billion… Source link

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Stock market news live updates: Stock futures flat after all three benchmarks close at 6-week highs – Yahoo Finance

Associated Press UN nuclear watchdog chief in Ukraine to talk safety support The U.N. nuclear watchdog’s director-general arrived in Ukraine on Tuesday for talks with senior government officials on delivering “urgent technical assistance” to ensure the safety of the country’s nuclear facilities, the agency said. The International Atomic Energy Agency said Rafael Mariano Grossi’s aim is to “to initiate prompt safety and security support” for Ukraine’s nuclear sites. It said that… Source link

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Stock futures unchanged after Dow, S&P 500 start year at all-time highs

Futures tied to Wall Street’s key benchmarks were mixed heading into overnight trading Wednesday after stocks closed higher for the fourth straight day on the heels of Big Tech earnings. However, the winning streak in equities was eclipsed by disappointing fourth quarter results from Facebook parent company Meta (FB), which reported figures that missed estimates after the bell on Wednesday. The results sent shares tumbling more than 20% in post-market trading. Contracts on the tech-focused… Source link

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Stock futures unchanged after Dow, S&P 500 start year at all-time highs

U.S. stock futures were sideways Monday evening after a momentous first trading day of 2022. Contracts on the Dow Jones Industrial Average, S&P 500, and Nasdaq were mostly flat after all three indexes rallied in Monday’s session. The Dow jumped nearly 250 points to notch a record close, and the S&P 500 gained 0.6% to 4,796.56, topping its previous high. The Nasdaq drew strength from a great day for tech to end 1.2% up but fell short of its last record close in November. “When I think about… Source link

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Apple stock reaches new highs amid broader market selloff

Apple (AAPL) shares closed at all-time highs on Tuesday, at $165.30. The stock was up more than 3%, as investors flocked to the iPhone maker amid a broader market selloff.  “It seems to be like a flight to safety trade,” Matt Maley managing director equity strategist Miller Tabak told Yahoo Finance on Tuesday.  Some analysts have also noted the company’s impressive cash flows would help it weather any future downturn. The stock’s upward movement came on the same day Fed Chair Jerome Powell Source link

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