Apple Inc. opened lower on Tuesday after spiking up 3.86 percent on Monday in a relief bounce that led the S&P 500 to 1.39 percent higher. Stocks in the broader technology sector are being dragged down on Tuesday by Snap Inc. after a Form 8-K filing was released on Monday showing Snap forecasts its second-quarter revenues to…
Wall Street Ends Higher Following 7 Straight Weeks of Losses
NEW YORK—Stocks closed broadly higher Monday, an upbeat start to the week on Wall Street after seven weeks of declines that nearly ended the bull market that began in March 2020. The S&P 500 rose 1.9 percent, with technology and financial sector stocks doing much of the heavy lifting for the benchmark index. The Dow…
Stocks Fall on Wall Street at the End of a Bruising Week
NEW YORK—Stocks fell in late morning trading on Wall Street Friday and are headed for another week of declines following a massive pullback two days ago. The S&P 500 fell 0.7 percent as of 11:27 a.m. Eastern, and is on track for its seventh straight weekly decline after getting close to entering a bear market…
Is Ford Stock Revving to Take Off or Slamming on the Brakes?
Ford Motor Company opened lower on Wednesday in sympathy with the general market, which saw the S&P 500 trading over 1 percent lower. The legacy automaker-turning-electric vehicle giant, which plans to take on Tesla, Inc. in a battle for market share, has recently been flashing bullish indicators on its chart. For now, the bounce to…
Stand by Apple Stock Despite Supply-Chain Woes
Apple recently served up excellent fiscal results, but not every analyst is in the bull camp. However, a deep dive into the data ought to quell the skeptics’ concerns, even in the face of supply-chain issues. Investors should hold onto their Apple shares and possibly add more when the price dips. There’s no denying that…
Here’s What to Watch on Twitter Stock as Elon Musk’s Stake Goes Red
Twitter, Inc. was spiking up over 3 percent on Tuesday after falling almost 28 percent beginning on May 5 to reach a $36.85 low, putting Tesla, Inc. CEO Elon Musk in the red on the 9.2 percent stake he took in the social media app on March 14. The majority of the recent decline was…
Here’s Why WideOpenWest Shares Are Trading Higher Today
Morgan Stanley’s infrastructure investment arm is amid discussions to acquire broadband and other cable services provider WideOpenWest, Inc., Bloomberg reports. The private equity firm Crestview Partners is its largest shareholder, with a 36 percent stake. WideOpenWest, which does business as Wow!, says its network spans states including Georgia, Alabama, Michigan, Florida, Tennessee, and South Carolina. The stock…
Wall Street Ends Sharply Higher, Fueled by Apple
Wall Street finished sharply higher on Tuesday, lifted by Apple, Tesla, and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of the 11 major S&P sector indexes advanced, with financials, materials, consumer discretionary, and technology all gaining more than 2 percent. Investors were cheered by data…
One Year Since Uber’s IPO: A Look at the Stock’s Bumpy Ride
Most investors who owned stocks in the past year have lost money. the SPDR S&P 500 SPY total return in that time is roughly -4.8 percent. But there’s no question some big-name stocks have done much better than others in that stretch. Uber’s Bumpy Ride Unfortunately, one stock that has struggled mightily since April of last…
NYSE-Owner ICE to Buy Black Knight in $13.1 Billion Deal
New York Stock Exchange parent Intercontinental Exchange said on Wednesday it will acquire Black Knight in a deal valuing the mortgage-lending software and data analytics firm at $13.1 billion. ICE’s cash-and-stock offer of $85 per share is a premium of nearly 34 percent to Black Knight’s close on Tuesday. The deal’s enterprise value is about $16…
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