According to people familiar with the transaction, investor Bill Hwang caused a storm in the stock market last week when his firm, Archegos Capital Management, and its banks began reducing their holdings in blue-chip companies, according to people familiar with the transaction. The sale has sent shifts to individual stocks …
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The bond market has stabilized after a massive sell-off, and the stock has been relieved. Technically dominated Nasdaq Composite COMP Over the last nine seasons and Russell has advanced to 2000 Root U.S. After the election, the small-cap index gained 2.8% to reach 2.35%. Will peace continue? Manoj Pradhan, former …
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U.S. The prospect of summer drivers filling up on the highway is gaining ground in the price of gasoline, a sign of economic recovery and an epidemic devastation is a boon for the energy industry. Considering oil recovery and growing consumer demand, gasoline prices at U.S. pumps hit an average …
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Following the sudden ouster of the central-bank governor last week, Turkey’s currency fell nearly 8% on Monday, setting the course for its biggest single-day selloff since 2018. According to Factset, the lira touched a low of 2 8,280 compared to 2 7,219. Turkish stock also sank. The uproar erupted after …
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A day after the Dow Jones Industrial Average closed above 1,000,000 for the first time, U.S. investors clashed with investors selling government bonds and high-value technology stocks. Stock futures are down. S&P 500 futures fell 0.4% after the broad market gauge hit an all-time high on Wednesday. The Nasdaq 100 …
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