Did the VIX just flash a contrarian buy signal? I’m referring, of course, to the CBOE’s well-known volatility index. VIX, +2.43% Considered by many to be the U.S. stock market’s “fear index,” the VIX is widely interpreted in a contrarian way: High levels indicate widespread fear, and therefore thought …
Read More »Capitol Report: Congress works on providing $6 billion to $8 billion to fight coronavirus
U.S. lawmakers are working to provide between $ 6 billion and $ 8 billion in emergency funding to fight the coronavirus causing the COVID-19 epidemic, according to multiple published reports citing unnamed sources. A vote by the Democratic-led House on the spending package is expected to come as soon as …
Read More »Need to Know: Wait for these signals to buy coronavirus-battered stocks, says BNY Mellon strategist
President Donald Trump’s coronavirus press conference has not stemmed the global equity slide as world-wide infections climb and U.S. stocks have tumbled into correction territory. Our call of the day comes from BNY Mellon’s chief strategist Alicia Levine, who has advice for those wanting to know when to buy beaten-down …
Read More »Outside the Box: Do this one thing before you react to the stock market’s losses
The phone is ringing off the hook. The stock market is down significantly, and everyone wants to have answers. The only thing for me to do is dig in and talk to every client. Was this Monday? No this was Monday Sept. 29, 2008. Over the course of a 30-year …
Read More »Market Extra: Dow, S&P 500 enter correction territory as stock-market selloff rolls on for 6th straight day
Major U.S. stock indexes were poised to enter a full-blown market correction Thursday if they maintain early losses until the closing bell. The Dow Jones Industrial Average DJIA, -2.46% tumbled more than 600 points and was off 610 points, or 2.3%, near 26,348. A close below 26,596.28 for the blue-chip …
Read More »Dow Jones Newswires: Carrefour swings to 2019 profit and raises 2022 targets
Carrefour SA reported Thursday a swing to net profit for 2019 despite booking a slightly lower revenue, and raised its transformation targets due by 2022. The French grocer CA, +1.55% made a net profit of 1.13 billion euros ($ 1.23 billion) for the year compared with a loss of EUR561 …
Read More »Market Extra: The Dow logged its largest reversal in two years on Wednesday — here are 5 reasons the stock market is tanking, and only one of them is the coronavirus
The U.S. stock-market rally has been unraveling, with a period of historic gains coming to a screeching halt, as fear that the coronavirus epidemic may reach America rattles Wall Street. The Dow Jones Industrial Average DJIA, -0.46% finished lower for a fifth straight day along with the S&P 500 index, …
Read More »Upgrade: I’m 59, and my husband and I earn $500,000 a year — but have credit card debt and nothing saved for retirement. What should we do?
Dear Catey, My husband is 65 and a lawyer and partner in his firm with a thriving practice; I am 59 years old. We have three children (more on that below), and I was fortunate to be a stay-at-home mom. I now work part time, which is essentially just “play” …
Read More »Dow Jones Newswires: Danone posts profit fall and sees ‘volatile and uncertain’ 2020
D AFP/Getty Images Danone SA said Wednesday that net profit fell for 2019 and it issued new guidance for 2020. The French food company BN, +0.06% said net profit for the year was 1.93 billion euros ($ 2.09 billion), compared with EUR2.35 billion the year previous. An analyst consensus provided …
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