Text size Another day, another touch of technology. The Nasdaq Composite has been outperforming the rest of the market this year, but the preference for the heavy tech index appears to have ended this week. Shortly after Thursday’s opening, the Nasdaq Composite fell 1%, while the S&P 500 and Dow …
Read More »Chinese stocks fall after data, and as vaccine moves forward, hopes to fade
S Shares fell in Asia on Thursday as investors reflected on figures showing China’s economy returned to growth in the last quarter. The Shanghai SHCOMP Composite Index, -4.49% led the falls on Thursday, falling 4.2% to 3,262.41. Benchmarks also fell in Tokyo, Hong Kong, and Sydney. News that China’s economy …
Read More »Increased oil in the OPEC agreement and falling inventory. Don’t expect more profit soon.
Text size Frederic J. Brown / AFP via Getty Images After a few shaky days, oil prices rose on Wednesday after a surprising result at an OPEC meeting and better-than-expected government data from the US. Brent crude, the global benchmark, set 2.1% higher at $ 43.79 on Tuesday, while West …
Read More »Oil prices hit 4-month high as US crude oil supply registers biggest decline of the year and OPEC + reduces production cuts
Oil futures rose on Wednesday to mark their biggest settlement in more than four months, fueled by the largest weekly decline in U.S. crude supplies so far this year, even as an OPEC + committee arrived to an agreement to reduce record production cuts from next month. “Any move by …
Read More »CNBC’s Jim Cramer uses this chart to predict the exact date the stock market could slide.
Bulls, enjoy the next two weeks. Why? Well, according to “renowned trade expert” Larry Williams and his reading of this chart, the end of the month could also mean the end of the rally. CNBC Williams focuses on seasonal market patterns to chart its course, noting that July tends to …
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