After Tesla and Apple announced plans to share their shares within weeks of each other, there has been a growing buzz that more companies with triple and square digits stock prices will follow in their footsteps. “Everyone is talking about it,” Howard Silverblatt, senior index analyst at S&P Dow Jones …
Read More »European stocks tumbled on sluggish Chinese data and France’s British quarantine
Published: August 14, 2020 at 5:27 AM ET European equities fell sharply on Friday as the UK’s move to add France to its list of quarantined travel stocks and Chinese economic data disappointed. Continued delays and concerns about a fresh round of U.S. stimulus also weighed on sentiment, and investors …
Read More »Asian markets mutate as traders wait for US stimulus pending
Asian markets did not change much in early trading on Friday, after shares fell on Wall Street when the stalemate over a second coronavirus relief plan continued on Capitol Hill. Japanese Nikkei 225 NIK, + 0.06% was almost flay, while Hong Seng’s Hang Seng Index HSI, -0.05% 0.2% glide. The …
Read More »The stock market has not won a strong 100-day gain since 1933
Agence France-Presse / Getty Images Thursday marks the 100th trading day since the stock market pandemic on March 23 – and by one measure the subsequent rebound is the strongest in nearly 90 years. The S&P 500 SPX, -0.20% traded slightly lower on Thursday, leaving it more than 50% above …
Read More »Cisco stock records worst day in nearly a decade because cost cuts raise more concerns about coronavirus
Cisco Systems Inc. shares recorded their worst one-day drop in nearly a decade Thursday, following the network giant’s decision to circle the wagons in the form of cost cuts, as the company suffers from increasingly selective business expenses during the COVID-19 pandemic. Cisco CSCO, -11.18% shares, which fell as much …
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