Text size And so it begins. The Nasdaq Composite has been going up for so long now, it’s hard to remember if it feels like it’s going down. Now we know. Yes, that’s an exaggeration, but not much. He had been active for seven of the past nine trading days …
Read More »Tesla abandons most of the monster pop of a day in the wild speculative trade
In a volatile session, Tesla shares fell into negative territory during Monday afternoon trading, returning a jump of over 14% from the start of the session that had pushed the stock to a new all-time high. However, the move into negative territory was brief, and around 2:45 pm ET, the …
Read More »Dow futures rise more than 200 points as investors prepare for the start of the earnings season
Stock index futures were aiming for a higher start on Monday as investors prepare for a tough earnings season and applaud the news that the Food and Drug Administration granted “fast track” status to a couple of candidates for vaccines produced by Pfizer Inc. and the German biotech firm BoNTech …
Read More »Stocks are resilient because investors have braced themselves for much worse COVID-19 news, says strategist
What will stand in the way of market gains? Clearly, it’s not bad news about COVID-19, as investors try to see the silver lining in these uncertain times. Take this chart that shows how Arizona cases have started to flatten, by Pantheon Macroeconomics, which expects that state to respond earlier …
Read More »European stocks rise on eve of earnings season as traders look past virus spike
European stocks rose on Monday as optimism about second-quarter earnings offset a disturbing rise in coronavirus cases, including in the key US state of Florida. After rising 0.4% last week, the Stoxx Europe 600 SXXP, + 0.56% It gained 0.6%. The German DAX DAX, + 0.96%, French CAC 40 PX1, …
Read More »