Tag Archives: month

“Here comes the worst month of year,” warns one market strategist. “Although this bull market has laughed at nearly all the worry signs in 2021, let’s not forget that September is historically the worst month of the year for stocks,” says LPL Financial chief market strategist Ryan Detrick. “Even last year, in the face of a huge rally off the March 2020 lows, we saw a nearly 10% correction in the middle of September,” he added. The S&P 500 (^GSPC) hasn’t had so much as a 5% correction… Source link

The housing market may be cooling down. Pending home sales, a leading indicator of the health of the housing market, fell 1.8% in July, the second straight month of declines. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, dropped 1.8% in July from the previous month. The results missed the expected 0.4% increase in sales, according to Bloomberg analysts’ consensus estimates. “The market may be… Source link

Home sales increased for the second straight month in July. Existing home sales rose 2% to a seasonally adjusted 5.99 million units in July, from a month earlier, according to the National Association of Realtors (NAR). June total units sold were also revised to 5.78 million. The results outpaced analyst expectations of a decline of 0.5% and 5.83 million units, according to Bloomberg consensus estimates. “The housing market went through a big swing during the COVID lockdown. Once the economy… Source link

Stock futures opened lower Tuesday evening to extend declines after a steep drop earlier in the day, after a weaker-than-expected print on U.S. retail sales called into question the strength of the ongoing economic recovery. Contracts on the S&P 500 dipped. The index dropped 0.7% during the regular trading day on Tuesday to end a five-session winning streak and post its biggest decline in a month. Cyclical and reopening stocks including cruise lines and airlines sold off, and the small-cap… Source link

 WASHINGTON, Aug 3 (Reuters) – The U.S. Food and Drug Administration is aiming to give full approval for the Pfizer COVID vaccine by early September, the New York Times reported on Tuesday, citing people involved in the effort.    The FDA gave emergency use authorization to the Pfizer vaccine late last year. Full approval by the FDA could push more Americans to get the COVID-19 vaccine as it might reduce their fears about the safety of the shot.    The agency’s unofficial deadline for… Source link

Enlarge / Delicious gingerbread Android cookies. Google has started emailing users of very old Android devices to tell them it’s time to say goodbye. Starting September 27, devices running Android 2.3.7 and lower will no longer be able to log in to Google services, effectively killing a big portion of the on-rails Android experience. As Google puts it in an official community post, “If you sign in to your device after September 27, you may… Source link

BeInCrypto – The fear and greed index has been updated to “greed” as bitcoin hits $42,600.  Bitcoin has seen a resurgence in price following twelve consecutive days of bullish momentum. Bitcoin has seen twelve days of green for the first time since February as it headed towards its previous all-time high.  However, following a dramatic decline to $29,000 in July, bitcoin has managed to climb nearly 45% in less than two weeks. Currently priced at $41,600 on Sunday, the fear and greed… Source link

TipRanks Boston Beer Earnings Losing Their Fizz The earnings season saga continues, and it isn’t always pretty. The Boston Beer Company, Inc. (SAM) reported missed consensus expectations last Friday, to the dismay of investors. Missing on earnings is one thing, but cutting guidance is another. The company downgraded its future outlook, and shares tumbled more than 26% on the news. (See Boston Beer Company stock charts on TipRanks) Elaborating on the event is William Kirk of MKM Partners, who… Source link

Bloomberg Crypto Insiders Posit Bitcoin Price Floor Around $30,000 Level (Bloomberg) — Bitcoin has been grinding lower in a trading range just above $30,000, prompting cryptocurrency insiders to flag the round number as a potential floor for the virtual coin.Crypto prognostication is fraught with risk, not least because Bitcoin’s price has roughly halved from a record high three months ago. Even so, some in the industry are coalescing around $30,000 as a support point, citing clues from… Source link

In what has to be a disappointment to the often wild and erroneous speculation that Google was on its way to becoming an online travel agency, Google informed tours and activities providers and booking partners that it will phase out Reserve with Google for tour bookings starting August 1, Skift has learned. Reserve with Google enabled tours and activities operators to capture bookings in their Google business listings with travelers not having to navigate to other websites. Online travel… Source link