Traders and financial professionals work in front of a closed bent on the floor of the New York Stock Exchange. Johannes Eisel | AFP | Getty Images U.S. Stock futures rose on Sunday night as traders were about to end the market’s best August performance since the 1980s. The Dow …
Read More »U.S. Tech stocks are now worth more than the entire European stock market
On Monday, April 6, 2020, U.S. A sign of thanks to healthcare workers at the Nasdaq Marketsite in the Times Square neighborhood of New York. Jinnah Moon | Bloomberg | Getty Images According to Bank of America Global Research, in recent years U.S. The dominance of large tech stocks has …
Read More »Fed Master says recovery will be ‘slow’ and more economic support is needed
The Federal Reserve will have to support the economy because the recovery from the coronavirus pandemic “will be slow,” a top official at the central bank said Friday. “There’s more pain we need to support the economy,” Loretta Mester, president of the Cleveland Fed, told CNBC’s Steve Liesman during an …
Read More »Stock futures flat in the night trading as Wall Street seems to be taking a week off for record
Futures tied to key U.S. stock benchmarks were flat in trading overnight Thursday as Wall Street tries to build on its record-breaking rally. The futures of the Dow Jones Industrial Average received just 30 points. The S&P 500 futures and the Nasdaq 100 futures were not much changed. The S&P …
Read More »NYSE gets approval for cheaper IPO alternative for companies amid SPAC boom
The New York Stock Exchange has won the approval of regulators to allow companies new shares through direct listings, creating a cheaper alternative to the traditional first public offering. The Securities and Exchange Commission said Wednesday night in an order that it approved a new type of direct listing where …
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