Stock indexes on Wall Street ended mostly lower Wednesday after another choppy day of trading as the market heads toward its fourth monthly loss this year. The S&P 500 ended 0.1 percent lower after shifting between small gains and losses. The Dow Jones Industrial Average eked out a 0.3 percent gain, while the Nasdaq composite…
Wall Street Ends Mixed After a Day of Wavering up and Down
Wall Street capped a wobbly day of trading with a mixed finish Monday, giving back some of the market’s gains following a rare winning week. The S&P 500 slipped 0.3 percent after shifting between small gains and losses throughout the day. The Dow Jones Industrial Average slipped 0.2 percent and the Nasdaq fell 0.7 percent. Shares…
You Won’t Get Rich Overnight Trading—Here’s Why
There’s a common fallacy out there about trading, that it’s an easy way to get rich fast. But data shows something very different. Prior to the pandemic, retail traders, or traders who bought and sold securities for their own accounts made up about 10 percent of the stock market’s total trading volume. Entering the pandemic,…
How Fed Rate Hikes Could Impact Stocks, Crypto, and Other Investments
By James Royal From Bankrate.com The Federal Reserve raised interest rates at its June 14-15 meeting after hiking rates in March and May. The nation’s central bank is expected to lift the benchmark Fed funds rate by 50 basis points—one-half of a percentage point—according to the CME FedWatch tool. It’s likely not the last increase…
Bear Market Hits Wall Street as Stocks, Bonds, Crypto Dive
NEW YORK—Wall Street tumbled into what’s called a bear market Monday after fears about a fragile economy and rising interest rates sent the S&P 500 more than 20 percent below its record set early this year. The index sank 3.9 percent in the first chance for investors to trade after getting the weekend to reflect…
Stocks Dive to Another Losing Week as Inflation Worsens
NEW YORK—Wall Street’s shuddering realization that inflation got worse last month, not better as hoped, sent markets reeling on Friday. The S&P 500 sank 2.9 percent to lock in its ninth losing week in the last 10, and tumbling bond prices sent Treasury yields to their highest levels in years. The Dow Jones Industrial Average…
US Bars Investors From Buying Russian Debt, Stocks on Secondary Market
June 8, 2022
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WASHINGTON/LONDON—The U.S. Treasury Department has banned U.S. money managers from buying any Russian debt or stocks in secondary markets, on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington’s sweeping sanctions in recent months, Americans were still allowed to trade hundreds of billions…
Spotify Shares Jump on Analyst Upgrade, Drawing Parallels With Netflix
Raymond James analyst Andrew Marok upgraded Spotify Technology S.A. to Outperform from Market Perform with a $150 price target. The stock has traded off significantly from all-time highs in early 2021 due to slower than expected scaling of the company’s podcasting business and, most recently, soft margin guidance. Marok saw the bad news as priced at the trading levels,…
Amazon Stock Begins Trading on Split-Adjusted Basis: What Investors Need to Know
Don’t worry! Amazon.com Inc shares aren’t down 95 percent on Monday. The e-commerce giant has split its stock for the first time in more than 20 years. What to Know Amazon announced a 20-for-1 stock split in March. Shareholders of record on May 27 were eligible to receive 19 additional shares for every one share held on June 3. Amazon began trading on a split-adjusted basis…
Here’s Why Carnival Corporation Stock May Change Course
Carnival Corporation (NYSE:CCL) was surging over 9% on Thursday in tandem with the general markets, which saw the S&P 500 rising about 1.5% Despite the economy slowly reopening over the past year, stocks in the travel sector have largely failed to reap gains, and Carnival has plunged about 60% since June 8, 2021, when the…
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