The stock market continues to buck the steady flow of troubling headlines and gloomy metrics in a stark disconnect with the economy that’s been hotly debated on Wall Street. Read:Jim Cramer urges investors not to be fooled by new highs in the stock market And while it might feel rather …
Read More »The Fed: U.S. economy is near bottom, poised for rebound, Fed’s Williams says
The U.S. economy is starting to show some initial signs of increased activity as businesses reopen as the coronavirus pandemic recedes, said New York Federal Reserve President John Williams on Wednesday. “I think we’re kind of in a good place…maybe near the bottom in terms of the economic downturn and, …
Read More »Need to Know: Why one strategist says these hard-hit stocks will rebound — even if there’s a second wave to the pandemic
There has been a yawning gap for some time between growth and value stocks, and the coronavirus pandemic has only widened the disparity. James Solloway, chief market strategist at investment manager SEI Investments, expects that to change — soon. “There are periods where leadership changes in a drastic and dramatic …
Read More »Futures Movers: Oil prices stage rebound after days of relentless selling
Oil prices bounced off their lowest levels in 20 years on Thursday, as investors absorbed a huge influx of central bank and government support measures against economic fallout from the coronavirus and Russia indicated it would like to see higher prices. The front-month April West Texas Intermediate crude contract CLJ20, …
Read More »Market Snapshot: Stock futures slide after Tuesday’s rebound
U.S. stock futures slid early Wednesday, suggesting more volatility when trading begins Wednesday, following two roller-coaster days on Wall Street. What are the major indexes doing? Dow Jones Industrial Average futures YMH20, -2.23% were last down around 700 points, or 2.8%. S&P 500 futures ESH20, -2.33% and Nasdaq-100 …
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