September trading lives up to its billing and then some. Stocks were emerging on Monday on a bullish trend that now threatens to push the US equity benchmark into a rally that could set the stage for the September biggest sell-off for the biggest equity gauge of the year. Broad-Market …
Read More »Here’s why the stock market crashed last week and what’s next for Wall Street
An volatility returned to economic markets last week with volatility, hampering almost uninterrupted climbs in U.S. stock index records and raising questions about the roadmap for Wall Street, leading to a framework of challenges for investors. Perhaps, the important question is, what happened to the hack in equity markets in …
Read More »Of all the major changes that took place in the Dow on Monday, this may be the most important
The Dow Jones Industrial Average will see a handful of significant changes on Monday morning, but that, perhaps, change in how it will be calculated, will be the most important for Wall Street in the near term. Starting Monday’s opening, the so-called divisor – the figure used to determine the …
Read More »Bets that the stock market will continue to soar have exploded higher
Even if the stock market trades in record-setting territory, despite the economy being in the throes of a viral pandemic, Wall Street is betting for further gains at its highest level since the dot-com bubble, according to research from Bespoke Investment Group. Options bet that the S&P 500 SPX, + …
Read More »Gold falls into volatile trading as investors digest Powell’s Jackson Hole speech
Gold futures moved Thursday lower in volatile trading that saw prices in both directions up as much as 2%. Federal Reserve Chairman Jerome Powell announced changes to the central bank’s policy framework in a speech at the Jackson Hole Economic Symposium that were seen as offering a more accommodative monetary …
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