Tag Archives: rally

SAN FRANCISCO — It’s hard to say whether the Golden State Warriors were winning one for their coach, or providing a place of temporary solitude for their grieving teammate. They had a basketball game to win, an opportunity to go up 3-1 on an opponent they’d like to dispatch — so keeping whatever emotions were flying through this wild series, on this day, seemed to be at a premium opposed to a source of inspiration. Steve Kerr was diagnosed with COVID-19 moments before his pregame media… Source link

U.S. stock futures opened slightly lower Wednesday evening after a rally on Wall Street, when many investors breathed a sigh of relief that the Federal Reserve was unlikely to raise interest rates even more aggressively in the coming months. Contracts on the S&P 500 dipped. Earlier, the blue-chip index posted it best single-session gain since May 2020, rising 2.99%. The Nasdaq Composite surged by 3.2%, and the Dow added more than 900 points, or 2.8%. The jump came in the wake of the Federal… Source link

U.S. stock futures opened slightly lower Monday evening after a whipsaw session in markets during the regular trading day, as investors appraised the next moves by the Federal Reserve and a fresh batch of quarterly earnings results. Contracts on the S&P 500 declined. During the regular trading day, technology stocks outperformed, leading the S&P 500 higher by 0.6%, and the Nasdaq up by 1.6%. And these moves in tech shares came even as the benchmark 10-year Treasury yield topped 3%, or its… Source link

Stephen Curry and the Warriors are moving on. (AAron Ontiveroz/MediaNews Group/The Denver Post via Getty Images) Stephen Curry and the Golden State Warriors hadn’t been in this position in, well, years. And it showed. Despite trailing entering the fourth quarter, the Warriors rallied in the final period to knock off Nikola Jokic and the Denver Nuggets, 102-98, in Game 5 of their opening round playoff series. That win officially closed out their series 4-1 and pushed Golden State to the next… Source link

(Bloomberg) — Bitcoin’s stealth rally over the past two weeks not only pushed it past a key level of $45,000 — it also put the world’s biggest cryptocurrency back in positive territory for the year. Most Read from Bloomberg The cryptocurrency — up more than 15% since March 11 — traded at about $46,600 as of 7:10 p.m. New York time, beyond the upper end of what had been a narrow $35,000-to-$45,000 range since early this year. With the fresh gains, the coin is now up about 0.6% for the… Source link

Stock futures steadied Thursday evening after a rally on Wall Street, with the three major U.S. stock indexes closing sharply higher as investors further mulled the path forward for interest rates and a host new sanctions against Russia. Contracts on the S&P 500 hugged the flat line. The S&P 500, Dow and Nasdaq each closed out Thursday’s regular session higher by more than 1%. Despite some losses earlier this week, the S&P 500 and Nasdaq headed for a second straight week of gains, if levels… Source link

After a period of sustained losses, the stock market has been staging a comeback, with valuations across the board moving in one direction – higher. Between March 14 and March 23, the S&P 500 rose ~8%, while the NASDAQ was up ~12%. Oppenheimer’s Chief Investment Strategist John Stoltzfus offers an explanation for the powerful rally: “In our view it wasn’t so much that investor sentiment had turned broadly positive last week but rather that enough investors started to see numerous… Source link

By Colin Kellaher Shares of Limelight Networks Inc. rose more than 10% on Monday after the provider of content delivery network services said it struck a deal to combine with Yahoo’s Edgecast Inc. edge-security, content-delivery and video-services unit. The deal, which values Edgecast at about $300 million, would give Yahoo a nearly 32% stake in the combined company, which would operate as Edgio. The purchase price includes a $30 million investment in the combined… Source link

Stock futures opened slightly lower Wednesday evening to steady after rallying during the regular trading day. Affirmation from Federal Reserve Chair Jerome Powell that the central bank will take a measured approach to raising interest rates amid geopolitical uncertainty helped to momentarily appease volatile markets. Contracts on the S&P 500 edged lower. The index ended higher by 1.9% Wednesday afternoon to close marginally below 4,400 during the regular trading day. Treasury yields also… Source link

After seeing a brutal reception on public exchanges post IPO in 2021, Bank of America strategists think it’s time to strike on a few unloved market newbies. “Fundamentals remain intact for many of the 2021 IPOs,” says BofA strategists Jill Carey Hall and Thomas Thornton.  The strategists listed 16 companies with an average market cap of $1.22 billion where they believe the fundamentals — notably revenue outlooks — continue to be favorable and perhaps disconnected from their current… Source link