Stocks finished firmly higher Friday, capping a tumultuous week of trading in U.S. markets that concluded with the three main equity indexes booking weekly gains. But despite the upbeat note that the final full week in March delivered, strategists and market participants were chirping about a major block trade in …
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XPeng Inc. Shares of XPeng Inc. dropped Monday, to extend last week’s selloff, after the China-based electric vehicle maker disclosed a public offering of 40 million shares. The stock XPEV slumped 4.4% in morning trading, and has dropped 15,7% amid a three-day losing streak. The stock had tumbled 23.2% last …
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Gold futures were headed lower Tuesday as investors turned to U.S. dollars with global stocks sinking amid concerns about lofty valuations for highflying, technology-related stocks which had led the rally in equities amid the COVID-19 pandemic. Gold has come under pressure as “the dollar wrestles [to] break its downtrend and …
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Big rallies often come to an ugly end — and that was certainly the case Thursday for tech stocks and other high-flying sectors that have benefited from momentum-driven waves of buying. But that doesn’t mean a full-fledged correction for the most popular stocks — or the broader market — is …
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U.S. oil prices remained under pressure on Tuesday, after the June contract saw its second-lowest settlement on record as concerns over a lack of storage for the commodity continued to dog the market. The front-month June WTI crude CLM20, -16.58% fell $ 1.63, or 12%, to $ 11.13 a barrel. …
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‘We didn’t know how to navigate the virus and chose not to because we didn’t think we had an edge in trading it. So, we stayed in our positions and in retrospect we should have cut all risk.’ Ray Dalio Ray Dalio’s deft navigation of the financial crisis 12 years …
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Cryptocurrencies were not immune to the coronavirus-related selloff on Wall Street on Thursday, as the price of bitcoin plummeted 26%, its worst daily selloff in seven years. Bitcoin BTCUSD, -3.76% was recently trading below $ 5,700, as the world’s largest digital currency by market cap has lost nearly a …
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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 …
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