Tag Archives: Surge

Los Angeles-based YouTubers Kristen and Michael knew their only chance at buying an income-generating property during the pandemic was to venture into the California desert. Last year the couple bought and renovated a 2 bed-1 bath ranch near Joshua Tree National Park. The couple, who asked to go by their first names only, listed it on short term rental platform Airbnb (ABNB) as “Seventh Ray House.” “Even during the slow months, even during the summer, we got booked over every weekend,”… Source link

Los Angeles-based YouTubers Kristen and Michael knew their only chance at buying an income-generating property during the pandemic was to venture into the California desert. Last year the couple bought and renovated a 2 bed-1 bath ranch near Joshua Tree National Park. The couple, who asked to go by their first names only, listed it on short term rental platform Airbnb (ABNB) as “Seventh Ray House.” “Even during the slow months, even during the summer, we got booked over every weekend,”… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, November 29, 2022 Today’s newsletter is by Julie Hyman, anchor and correspondent at Yahoo Finance. Follow Julie on Twitter @juleshyman. Read this and more market news on the go with Yahoo Finance App. The one trade that dominated most of 2022 has given up almost all of its gains. Oil touched its lowest level of the year on Monday morning,… Source link

U.S. stocks extended a dramatic ascent on Friday after deceleration in CPI inflation data ignited the most intense rally on Wall Street since early 2020. The S&P 500 (^GSPC) rose 1%, while the technology-heavy Nasdaq Composite (^IXIC) gained 2%. The Dow Jones Industrial Average (^DJI) turned positive heading into the close after lagging behind the other indexes for much of the session. Treasury yields held steady following their steepest one-day decline Thursday in more than a decade. A Source link

VettaFi financial futurist Dave Nadig appeared on Yahoo! Finance to discuss the recent ETF inflow surge. Global ETF inflows in October surpassed $111 billion, triple what they did in September. “If you look at where that money is actually going, a big chunk of it went to U.S. equities. Over $50 billion flowed in,” Nadig said, noting that where it went inside that was more complicated. “We’re not seeing a ton of money flow into the riskiest of risky ETFs, but we are… Source link

Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month. The benchmark S&P 500 jumped 2.1% while the Dow Jones Industrial Average gained 535 points, or about 1.6%, and the tech-heavy Nasdaq Composite surged 2.9%. July’s CPI report showed prices moderated last month, edging lower for the first time since early 2021 in a hopeful sign for investors that Federal Reserve officials may… Source link

Meme stocks are having a moment. Again. Shares of Bed, Bath & Beyond (BBBY), GameStop (GME), and AMC (AMC) were all surging on no news as of Monday morning, aside from renewed attention on these names from the traders on Reddit’s Wallstreetbets message board investors came to know in early 2021. According to data from Ape Wisdom, a site that tracks ticker mentions on Wallstreetbets threads, mentions of Bed, Bath & Beyond, GameStop, and AMC have surged in the last 24 hours and are the three… Source link

Is the bear market over? This is the question that everyone wants to know. After a near-historic decline over the first half of the year, the stock market has been on a roll over the past month, with the S&P 500 rising nearly 9%, while the Nasdaq is up 14%. JPMorgan chief global markets strategist Marko Kolanovic has an upbeat message for those concerned about the sustainability of the rally. “Risk markets are rallying despite some disappointing data releases, indicating bad news was already… Source link

Spotify (SPOT) surged on the heels of its Q2 earnings report with shares climbing more than 13% on Wednesday after the company reported a beat on both revenue and monthly active users. But one analyst says the stock surge was an “overreaction” given the platform’s profitability struggles. “While we believe there remains material user growth left for Spotify we highlight that many investors question whether Spotify will ever be able to generate significant lasting profitability,” Pivotal… Source link

U.S. stocks surged Wednesday as investors mulled a major decision from Federal Reserve policymakers to raise interest rates by 0.75% and remarks from Chair Jerome Powell hinting the central bank may slow the pace of its rate-hiking cycle. Better-than-expected earnings from tech giants also helped lift sentiment. The S&P 500 jumped 2.6%, while the Dow Jones Industrial Average gained 430 points, or roughly 1.4%. The tech-heavy Nasdaq Composite soared 4.1%. The Fed on Wednesday issued another 75… Source link