Text size Only 30% of the indicators that typically light up before market bottoms are triggered today, according to Bank of America. Angela Weiss/AFP via Getty Images The S&P 500’s 15% summer bounce off its June lows may be as fleeting as the relief from the heat a weekend at the beach provides. Bank of … Read more
Text size Rivian, the maker of electric trucks, maintained its production estimates for the full year. Courtesy Rivian Stock futures rose Friday amid more signs that inflation in the US has been cooling, which could allow the Federal Reserve to be less aggressive in its moves to slow the economy. These are some of the … Read more
Shares of Toronto-Dominion Bank TD, +0.72% inched 0.72% higher to C$85.33 Thursday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.53% rising 0.53% to 19,991.88. This was the stock’s second consecutive day of gains. Toronto-Dominion Bank closed C$23.75 short of its 52-week high … Read more
Shares of PayPal Holdings Inc. PYPL, +0.20% inched 0.20% higher to $99.11 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average DJIA, +0.08% rising 0.08% to 33,336.67 and the S&P 500 Index SPX, -0.07% falling 0.07% to 4,207.27. This was the stock’s second … Read more
Households, not hedge funds or major corporations, represent the largest class of owners of the US stock market. That matters because households, the “placid gorilla” in US stocks, haven’t cut and run despite this year’s sharp selloff, which means stocks haven’t hit a bottom yet, according to a BofA Global. Collectively, households hold about $38 … Read more
The numbers: Initial jobless benefit claims rose 14,000 to 262,000 in the week ended Aug. 6, the Labor Department said Thursday. Economists polled by The Wall Street Journal had estimated new claims would rise 4,000 from last week’s initial estimate of 260,000. Key details: The four-week average of claims rose 4,500 to 252,000. The number … Read more
Investors might want to keep their guard up as the stock market continues its rally. “The market has kind of gone back to sleep” in appearing to think, “all right, mission accomplished, inflation’s in the bag, the Fed can back off,” said Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute, in … Read more
Amid the euphoria following what appeared to be the first sign of slowing inflation, stocks staged a broad rally on Aug. 10, with dozens of large-cap stocks rising 5% or more. Those included several tech names that investors loved during the early stages of the coronvirus pandemic, along with cruise lines, credit-card lenders and chip-related … Read more
A federal jury in Chicago convicted two former traders of JPMorgan Chase & Co.’s precious metals desk who had been charged with manipulating gold prices, finding they used misleading orders to rig prices. The convictions are the capstone of a seven-year Justice Department campaign to punish a style of deceptive trading in futures markets known … Read more
Shares of PayPal Holdings Inc. PYPL, +4.69% advanced 4.69% to $98.91 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index SPX, +2.13% rising 2.13% to 4,210.24 and the Dow Jones Industrial Average DJIA, +1.63% rising 1.63% to 33,309.51. PayPal Holdings Inc. closed $197.79 short … Read more