Tag Archives: price

Despite pulling back from recent highs, bitcoin, the world’s largest crypto by market cap, remains above a key long-term technical indicator, which reflects bullish market conditions. Prices are currently at about $46,350 after topping out at $46,453 in the last 24 hours, CoinDesk data show. The crypto is up 57% year to date and is making headway toward its all-time high of $64,829 on April 14. “After a quiet July, we’re seeing a return of retail investors,” said Caroline Bowler, CEO… Source link

Stocks fell Monday, losing some steam after rising to all-time highs late last week. Commodity prices tumbled as concerns over the coronavirus’s spread resurged, with crude oil prices moving sharply to the downside. The S&P 500 fell as shares of oil companies including Occidental Petroleum (OXY), Apache Corporation (APA) and Diamondback Energy (FANG) dropped. The Dow also dipped, weighed down by a decline in shares of Chevron (CVX).  U.S. West Texas intermediate crude oil futures (CL=F)… Source link

Goldman Sachs is getting more bullish on stocks. The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index. Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600. A combination of… Source link

The run-up in bitcoin‘s price witnessed during the final days of July is facing pressure from sellers looking to cash in their profit amid tensions over a proposed U.S. infrastructure bill’s language. The pullback from Saturday’s top of around $42,400 to current prices of around $39,500 is likely associated with uncertainty surrounding the bill, according to Daniel Kim, head of capital markets at Australia-based decentralized lending company Maple Finance. An earlier version of the bill… Source link

(Bloomberg) — Chinese stocks fell on Friday, rounding off a volatile week for investors struggling to price in Beijing’s tightening regulatory grip after a rout pushed the nation’s key equity index to the brink of a bear market. The CSI 300 index fell 0.8% on the day and 5.5% for the week, the worst since February. In Hong Kong the Hang Seng Index, which earlier this week saw its biggest two-day loss since 2008, dropped 1.4%. Alibaba Group Holding Ltd. slipped 4.2% while Meituan lost… Source link

Supply constraints and increased demand drove the average price of a new car to $41,044 in July, an all-time high, according to J.D. Power’s latest U.S. Automotive Forecast. “We can’t get to $41,000 without both a supply chain issue that we’re seeing from microchips, as well as increased consumer demand that is not being met with the supply available,” J.D. Power Vice President of Data & Analytics Tyson Jominy told Yahoo Finance.  The previous high, set in June, was $39,942. “Too few vehicles… Source link

Home price growth in the U.S. soared to a new record in May as the housing market continues to heat up. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 16.6% annual gain in May, up from 14.8% in April — marking the highest reading in more than 30 years of data. It is also the 12th straight month of accelerating prices. The 20-City Composite posted a 17% annual gain, up from 15% a month earlier. The 20-City results surpassed analysts’… Source link

After a bullish end to the week for Bitcoin and the broader market on Sunday, it was a particularly bullish morning for the crypto majors this morning. At the time of writing, Bitcoin, BTC to USD, was up by 8.97%to $38,591.0. A mixed start to the day saw Bitcoin fall to an early morning low $35,233.0 before making a move. Steering clear of the first major support level at $34,386, Bitcoin rallied to an early morning current day high $39,777.0. Bitcoin broke through the day’s major resistance… Source link

Chipotle (CMG) on Tuesday posted a second-quarter earnings report that smashed Wall Street expectations, thanks to the mass return of customers after COVID-19 restrictions, and ongoing strength in digital sales. Here’s what the California-based company reported, compared to Wall Street’s expectations, according to a Bloomberg consensus estimate: Revenue: $1.9B vs. $1.88 billion expected Adj. earnings per share (EPS): $7.46 vs. $6.54 per share expected Same-store sales: 31.2% vs. 29.8%… Source link

Moderna, which has seen its stock surge 250% over the past year as it helps vaccinate the world from the coronavirus, will officially enter the S&P 500 on July 21. The news sent shares popping more than 8% to $282 in Friday’s session as the stock will likely be purchased by fund managers who benchmark to the S&P 500. But Jefferies analyst Michael Yee tells Yahoo Finance Live he thinks the run in Moderna stock (MRNA) is far from done.  “Moderna is the Tesla of biotech,” says Yee, pointing to… Source link