Tag Archives: Stocks

A man walks past an electronic board showing currency exchange rates at a securities firm in Tokyo on 12 March. Photo: James Matsumoto/SOPA Images/Sipa USA European stocks suffered a tepid end to the week on Friday, as official data confirmed another economic slump for the UK and futures markets pointed to a tech sell-off on Wall Street later today. The FTSE 100 (^FTSE) was down 0.3% by just before lunchtime on Friday. Data from the UK’s Office for National Statistics (ONS) showed GDP shrank… Source link

Bloomberg Biden to Double J&J Order; N.J. Eases More Limits: Virus Update (Bloomberg) — President Joe Biden will double the U.S. order of Johnson & Johnson’s vaccine, bringing the country’s supply to enough for 500 million people, according to officials familiar with the plan.The U.K. accused European Union politicians of damaging its vaccination program by making misleading statements that cast doubt on AstraZeneca Plc’s shot, in an escalation of tensions between the two sides.The… Source link

Bloomberg Banks Press Fed to Preserve $600 Billion in Balance-Sheet Leeway (Bloomberg) — Thanks to the pandemic, U.S. banks won a long-sought regulatory break that let them expand their balance sheets by as much as $600 billion without adhering to profit-denting safeguards. Now, firms are frantically lobbying to extend that relief before it expires at month’s end.The reprieve from what’s known as the supplementary leverage ratio — granted a year ago as Covid-19 rocked markets and the… Source link

TipRanks JPMorgan Bets on These 3 Stocks; Sees Over 50% Upside Potential It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team… Source link

Facebook and Alphabet have delivered impressive returns for investors over the last five years, but challenges are mounting. Each company is facing heightened scrutiny related to the spread of misinformation in the U.S., and new regulations in markets including the European Union and Australia could eat into each company’s earnings. These big tech leaders are feeling the squeeze, but the broader technology sector still plays host to companies that… Source link

It’s time to check in with the macro picture, to get an idea of just where markets are headed in the coming months. That’s what a JPMorgan global research team, headed up by Joyce Chang, has been doing. The JPM team starts by noting the sell-off in US Treasury bonds last week, pushing up yields as investors acted in response to inflationary fears. However, the rise in bond yields steadied on Friday, and Chang’s team does not believe that inflation is the great bugaboo it’s made out to… Source link

TipRanks Oppenheimer: 2 Stocks That Could Climb Over 100% Markets are taking us all for something of a roller coaster ride in recent sessions, alternating gains and drops in precipitous fashion. There’s no telling exactly what comes next, but some of Wall Street’s sharpest minds are on the job. One of those sharp minds is John Stoltzfus, chief investment strategist and managing director at Oppenheimer. Stoltzfus sees us in the preparatory phases of further market gains, and he goes to… Source link

Stocks turned negative after the Labor Department’s February jobs report handily exceeded expectations, reaffirming the building momentum in the economic recovery, but also stoking a rise in Treasury yields and concerns over an economic overheating. The S&P 500 dipped, and the Dow gained fell into negative territory after rising earlier in the session. The Nasdaq erased earlier gains and fell another 1.5%, pacing toward a fourth straight session of steep declines. The index has erased its… Source link

(Bloomberg) — Stocks and bonds sold off after Federal Reserve Chairman Jerome Powell underwhelmed markets by refraining from pushing back more forcefully against the recent spike in Treasury yields. The S&P 500 pared losses after briefly erasing its advance for 2021, but the gauge still headed toward its lowest close in about five weeks. Benchmark 10-year bond rates topped 1.5% as the dollar climbed. The tech-heavy Nasdaq 100 extended its decline from a February peak to almost 10%, and the… Source link

Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, October 3, 2019. Brandon Wade | Reuters Analysts sounded off on Google‘s latest guidance on its promise to not use technologies that track people individually across the internet. Some analysts said their views haven’t changed. But BMO downgraded one ad tech stock, noting it’s “too hot in the kitchen.” Google said in a blog post… Source link