Stock futures opened lower Thursday evening to give back some gains from the regular trading day, as traders remained upbeat about the Federal Reserve’s measured first move on raising interest rates. Contracts on the S&P 500 edged lower. The index posted a third consecutive day of gains during Thursday’s session in its longest winning streak in more than a month. U.S. crude oil prices rose for the first time in four sessions to settle back above $100 per barrel, and the 10-year Treasury yield… Source link
Read More »Stock Traders Brace for a $3.5 Trillion ‘Triple Witching’ Event
(Bloomberg) — Wall Street traders are bracing for fresh equity-market fireworks Friday after another week of global turbulence. Most Read from Bloomberg In a quarterly event known as triple witching, roughly $3.5 trillion of single-stock and index-level options are set to expire, according to Goldman Sachs Group Inc. At the same time, more near-the-money options are maturing than at any time since 2019 — suggesting a bevy of investors will actively trade around those positions. And once… Source link
Read More »Here’s what Warren Buffett’s favorite stock market indicator is saying now
Stocks have endured a terrible start to the year as investors fret about soaring inflation and the Russia-Ukraine war — but the pullback still doesn’t look like a great buying opportunity per a tried and true measure used by legendary investor Warren Buffett. The “Buffett Indicator” as it’s called by legions of devotees — which takes the Wilshire 5000 Index (viewed as the total stock market) and divides it by the annual U.S. GDP — is still hovering around a record high even as… Source link
Read More »Allego N.V. Begins Trading on the New York Stock Exchange Under New Ticker Symbol “ALLG”
Listing Follows Completion of Business Combination with Spartan Acquisition Corp. III Allego Management to Ring Opening Bell at the New York Stock Exchange Today, March 17, 2022, at 9:30 am ET in Celebration PARIS & ARNHEM, the Netherlands & NEW YORK, March 17, 2022–(BUSINESS WIRE)–Allego N.V. (“Allego” or “the Company”) (NYSE: ALLG), a leading pan-European electric vehicle charging network, announced that its ordinary shares and warrants will begin trading on the New York Stock Exchange… Source link
Read More »Stock market news live updates: March 17, 2022
U.S. stock futures opened slightly higher in extended trading Wednesday following a pivotal session on Wall Street marked by the Federal Reserve’s long-anticipated move to hike short-term interest rates for the first time in three years. Contracts tied to the S&P 500, Dow and Nasdaq were firmly in the green at the start of futures trading after all three indexes rebounded in the final 30 minutes of Wednesday’s main session from an initial decline in the immediate aftermath of the Fed’s… Source link
Read More »bne IntelliNews – After Nasdaq stock suspension, Yandex could default on $1.25bn convertible notes
Yandex, arguably the most successful and emblematic Russian digital company over the past 25 years, could default in a matter of days. The company warned about this risk even though none of its entities, main shareholders, directors or managers have been targeted by western sanctions, reports East-West Digital News (EWDN). … Source link
Read More »Stock futures drift ahead of Fed decision
Stock futures opened little changed Tuesday evening as traders stood by for the Federal Reserve’s latest monetary policy decision and updated economic outlook on Wednesday. Contracts on the S&P 500 drifted flat to slightly lower. Earlier, the index closed higher by more than 2%, gaining for the first time in four sessions as volatility gripped U.S. equities. The Nasdaq Composite also ended a three-session losing streak to end nearly 3% higher. Energy prices unwound more recent gains, and West… Source link
Read More »Stock futures jump ahead of Fed decision, oil extends declines
Stock futures jumped Wednesday morning as traders awaited the Federal Reserve’s latest monetary policy decision and updated economic projections later in the day. More positive developments on the outlook for Russia-Ukraine talks also helped boost U.S. and global equities. Contracts on the S&P 500, Dow and Nasdaq were each higher by more than 1% in pre-market trading. These moves built on gains from Tuesday, when the S&P 500 closed higher by more than 2% to shake off some of the volatility… Source link
Read More »Is Apple stock a great buy on weakness?
Apple’s stock (AAPL) looks like a good buy on weakness, argues one strategist. “We actually bought Apple over the last couple of weeks. I mean the name has come down tremendously. So I think you can go in and buy that name. They have such a strong balance sheet and they have a tremendous cash position,” said Crossmark Global Investments chief markets strategist Victoria Fernandez on Yahoo Finance Live. To be sure, Apple’s stock hasn’t been immune to the broader pullback in tech stocks this… Source link
Read More »Stock futures little changed after S&P 500 hits a death cross
Wall Street’s main benchmarks were little changed at the start of overnight trading Monday after stocks closed mostly lower to start the week. Investors continued to monitor the Russia-Ukraine war and braced for a key monetary policy decision due out of the Federal Reserve Wednesday that could place short-term interest rates above near-zero levels for the first time since 2018. Contracts on the S&P 500, Dow Jones Industrial Average and Nasdaq Composite ticked up slightly at the open after… Source link
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