Stocks shed early gains and ended broadly lower on Wall Street Tuesday as investors brace for a big week of news on inflation and company earnings reports. The S&P 500 fell 0.9 percent, extending its losing streak to a third consecutive day. All of the benchmark index’s 11 company sectors closed in the red. The…
‘Winter Is Here’: More Wall Street Firms Turning Bearish on Stocks
A growing number of Wall Street firms and strategists are turning bearish on the financial markets amid the sharp selloff in stocks. For the stock market bears who anticipated a correction, they are claiming victory after the leading benchmark indexes have plummeted over the last week. Writing in a research note Monday, analysts at Morgan…
Wall Street Appetite for Beyond Meat Stock Erodes as Shorts Intensify
The Beyond Meat stock is struggling to withstand the invasion of short sellers. Short interest climbed to about 36 percent of Beyond Meat’s free float, making it the most shorted business in the Russell 1000 index. This is up from 26 percent at the beginning of October and short interest is rising at an alarming…
S&P, Nasdaq End at Record Peaks on Strong Earnings
NEW YORK—Both the S&P 500 and the Nasdaq eked out record closing highs after a topsy-turvy Thursday on Wall Street, as investors focused on upbeat retail and technology earnings which outshone hawkish inflation comments from a Federal Reserve policymaker. By contrast, the Dow continued to play the laggard, registering its third decline this week, as…
Solid Earnings Nudge US Stocks Further Into Record Heights
Technology and health care companies helped push stocks higher on Wall Street Tuesday, nudging major indexes to new highs. The S&P 500 rose 0.2 percent and notched its second all-time high in two days. The Dow Jones Industrial Average rose less than 0.1 percent, good enough for its third straight record high. The Nasdaq also…
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