Tag Archives: rebound

There’s one word to describe what happened with the mostly surprising results of Week 9 in the NFL: Brutal. After rolling of late with our game picks and predictions against the spread, Vegas put up a few traps and it was hard to avoid falling into all of them. At first glance, the numbers for Week 10 seem a little more normal and manageable, but there are several more essential “pick ’em” matchups on the slate with slight favorites on one side. There are 14 more chances to get things… Source link

Bitcoin exploded to a new all-time high Wednesday just one day after the first-ever bitcoin-linked exchange traded fund (ETF) started trading on the New York Stock Exchange. The ProShares Bitcoin Strategy ETF (BITO) saw more than $550 million dollars pour into the new futures-linked product in its debut trading day. That enthusiasm, in part, helped push bitcoin’s price (BTC) to a new all-time high north of $65,000 Wednesday morning. Now, one analyst at Fundstrat Global Advisors says that… Source link

Stock futures gained Tuesday morning after sliding a day earlier, as a bevy of concerns out of China and in Washington spurred a steep selloff across risk assets. Traders also turned their attention to the start of the Federal Reserve’s latest two-day monetary policy-setting meeting. Contracts on the S&P 500 advanced by about 0.8% after the blue-chip index logged its worst day since May by the end of Monday’s session. Dow futures added more than 300 points, or 0.9%, while Nasdaq futures… Source link

Stock futures gained Monday morning, steadying after last week’s volatility as investors looked ahead to a key event from the Federal Reserve later this week. S&P 500 futures rose by more than 0.3%, led by gains in energy stocks as oil prices advanced. U.S. West Texas intermediate crude oil futures (CL=F) topped $64 a barrel, and Brent crude (BZ=F) jumped above $67 per barrel after suffering its longest losing streak since early 2018 as of last week.  Contracts on the Dow were set to open… Source link

Alibaba Group Holding Ltd -ADR (NYSE: BABA) has been slaughtered since October 2020 when it reached an all-time high of $319.32. The sharp decline has been partly due to poor U.S./China relations as well and Chinese regulators cracking down on the e-commerce giant and its CEO Jack Ma. Since July 22 the decline in the stock has accelerated and although there has been some bounce plays for the bulls, the stock has become risky due to new out of China, when the U.S. markets are closed, causing… Source link

(Bloomberg) — AbbVie Inc. beat expectations for second-quarter profit and revenue and raised its adjusted profit guidance for the year as sales rebounded from last year’s pandemic disruptions, helped by the purchase of Allergan. Adjusted earnings for the year will be $12.52 to $12.62 a share, AbbVie said, up from a previous range that topped out at $12.57.Revenue was $14 billion for the quarter, a 34% increase from the year-earlier period that beat Wall Street’s projection of $13.65… Source link

(Bloomberg) — A continuing recovery in Bitcoin has put the largest cryptocurrency on course for its longest winning streak this year. The virtual coin rose as much as 6.1% to top $40,000 and was trading at about $39,700 as of 8:15 a.m. in London on Wednesday. It’s advanced for eight straight days. Other coins including second-ranked Ether climbed, boosting the Bloomberg Galaxy Crypto Index. “The current momentum is strong” and $45,000 is in sight but a conclusive break above $50,000… Source link

By Tom Westbrook SINGAPORE (Reuters) -Bitcoin slipped 4% on Friday after Tesla boss Elon Musk was at it again – this time firing off a few tweets that appeared to lament a breakup with the cryptocurrency. Tesla’s big position in bitcoin and Musk’s large personal following often set crypto markets on edge whenever he tweets, and the price fell after he posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup. Musk followed that up by posting a breakup comic strip… Source link

Stocks rose on Tuesday to extend a rally from a day earlier, with technology stocks outperforming as concerns over rising inflation were at least temporarily pushed to the side.  The S&P 500 ticked up after the index closed out Monday’s session higher by 1%. The Nasdaq and Dow also rose. The move higher in technology stocks came alongside a move lower in Treasury yields, with the yield on the benchmark 10-year note hovering just below 1.6%. Cryptocurrency prices steadied, and Bitcoin prices… Source link

Goldman Sachs thinks the surprisingly lackluster April jobs report could be partially explained on the generosity of Uncle Sam.  “We see two partial explanations for the payrolls disappointment. First, reopening effects likely overlapped with normal seasonal hiring patterns, resulting in less-impressive job gains on a seasonally-adjusted basis. Second, labor supply appears to be tighter than the unemployment rate suggests, likely reflecting the impact of unusually generous unemployment… Source link