Tag Archives: rally

Stocks Lose Momentum After Wall Street Rally: Markets Wrap

Stocks Lose Momentum After Wall Street Rally: Markets Wrap

(Bloomberg) — Stocks struggled to maintain momentum in the wake of another record-breaking session on Wall Street, as a rally in Europe took a breather despite dovish comments from policy makers. Most Read from Bloomberg Futures on the S&P 500 and Nasdaq 100 were little changed after the indexes clocked up gains of more than 1% in the wake of an inflation reading that did little to alter traders’ conviction that the Federal Reserve will shift to cutting interest rates this year. Treasury… Source link

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Could AI rally be in trouble?

Could AI rally be in trouble?

Shares of Meta Platforms (META) are trading lower after former president Donald Trump referred to Facebook as “an enemy of the people.” The drop could also be a sign that the AI momentum leading the recent rally may be fatigued. Yahoo Finance Anchors Brian Sozzi and Julie Hyman discuss possible causes of the dip, from Meta’s earnings to a potential upcoming stock downgrade. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance… Source link

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Currency market calm before Powell speech, bitcoin resumes rally

Currency market calm before Powell speech, bitcoin resumes rally

By Samuel Indyk and Brigid Riley LONDON (Reuters) -The U.S. dollar was a touch softer on Wednesday, as traders kept their powder dry ahead of the first leg of congressional testimony from Federal Reserve Chair Jerome Powell and the European Central Bank’s policy announcement on Thursday. Meanwhile, bitcoin was picking up a head of steam again, although it stayed below the record high reached the day before. The absence of major catalysts kept the dollar under pressure, having slipped on Tuesday… Source link

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Tech Giants Drag Down US Stocks After Torrid Rally: Markets Wrap

Tech Giants Drag Down US Stocks After Torrid Rally: Markets Wrap

(Bloomberg) — Stocks came under pressure as a trio of tech heavyweights fell, with traders wading through mixed economic data in the run-up to Jerome Powell’s testimony to Congress. Most Read from Bloomberg Equities lost traction after a rally that has spurred concern about sky-high valuations — especially in megacaps, leaving the group vulnerable to big moves in the face of bad news. Apple Inc.’s iPhone woes in China deepened while Advanced Micro Devices Inc. hit a US roadblock in… Source link

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Stock Rally Stalls at Start of Data-Packed Week: Markets Wrap

Stock Rally Stalls at Start of Data-Packed Week: Markets Wrap

(Bloomberg) — The stock market lost steam near record highs as traders braced for a barrage of economic data and remarks from Federal Reserve speakers that will help shape the outlook for interest rates. Most Read from Bloomberg Wall Street is also keeping a close eye on how the market absorbs heavy Treasury and corporate sales amid month-end positioning. US yields rose after Monday’s auctions of two-year and five-year government notes. Meantime, blue-chip companies are expected to sell… Source link

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Lakers rally to end Knicks’ 9-game win streak

Lakers rally to end Knicks’ 9-game win streak

Lakers rally to end Knicks’ 9-game win streak – Yahoo Sports Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Advertisement Source link

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Another reason not to fear the top-heavy stock market rally

Another reason not to fear the top-heavy stock market rally

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: Large-cap tech stocks ripped higher Wednesday for the fifth straight day — up to another record high, widening their lead over the broader market. Many investors remain skeptical of the gains this year, as a handful of tech-centered stocks are once again accounting for nearly all the returns in the S&P 500. Comparisons with the dot-com-era boom and bust abound. To be fair,… Source link

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