The major benchmarks opened higher Thursday, with tech stocks leading the way on an impressive outlook from graphic chipmaker Nvidia. And while investor sentiment temporarily waned midday as “good news is bad news” jobs data amplified rate-hike fears across Wall Street, stocks found their footing by the close. Specifically, weekly jobless claims unexpectedly fell by… Continue reading Stock Market Today: Nasdaq Outperforms as Nvidia Outlook Impresses
US stocks finish higher after volatile session as S&P 500 breaks out of slump
US stocks closed higher on Thursday after a choppy trading session. Major indexes swung between gains and losses throughout the trading day. The S&P 500 broke a four-day losing streak to end the day with a moderate gain. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while… Continue reading US stocks finish higher after volatile session as S&P 500 breaks out of slump
Wayfair crashes 31% as the online furniture retailer says it lost more than 5 million customers last year and posts wider quarterly loss
Wayfair stock plunged as much as 31% Thursday after the online furniture retailer said it lost 5 milion customers in 2022. Its 22.1 million active customers is closer to the count it had at the start of the COVID pandemic. Wayfair reported a wider loss for its most recent quarter. Loading Something is loading. Thanks… Continue reading Wayfair crashes 31% as the online furniture retailer says it lost more than 5 million customers last year and posts wider quarterly loss
Tesla is still the benchmark in EVs, and some rivals will fail or be bought, says former Ford CEO
Tesla is still the EV market benchmark, according to former Ford CEO Mark Fields. He told CNBC on Thursday that some of the smaller players in the field risk failing or being bought by rivals. It’s only going to get tougher, especially at the high end price range where competition is stiff, Fields said. Loading… Continue reading Tesla is still the benchmark in EVs, and some rivals will fail or be bought, says former Ford CEO
Billionaire investor Cliff Asness says stocks are ‘woefully’ unprepared for a macro shock in the event inflation doesn’t come down as expected
Stocks could face a macro shock if inflation doesn’t come down the way markets are expecting, according to Cliff Asness. The billionaire investor said stocks were still expensive, and had more downside to come. “We’re probably still in a bubble in cheap versus expensive,” he said in an interview with Bloomberg TV. Loading Something is… Continue reading Billionaire investor Cliff Asness says stocks are ‘woefully’ unprepared for a macro shock in the event inflation doesn’t come down as expected
Jamie Dimon says a soft landing is possible, but ‘scary stuff’ is ahead
Filip De Mott Jamie Dimon. Misha Friedman/Getty Images JPMorgan CEO Jamie Dimon thinks a soft landing is still possible but there are several uncertainties. “Out in front of us, there’s some scary stuff. And you and I know there’s always uncertainty,” he told CNBC. He pointed to the Federal Reserve’s quantitative tightening and “Russia, Ukraine,… Continue reading Jamie Dimon says a soft landing is possible, but ‘scary stuff’ is ahead
Stock Market Today: Stocks End Mixed After Fed Minutes
Stocks were choppy Wednesday as investors looked ahead to and then assessed the mid-afternoon release of the minutes from the Federal Reserve’s February meeting. While the release of the minutes showed that more rate hikes are certainly coming, they also revealed a difference of opinion among central bankers as to just how high the next… Continue reading Stock Market Today: Stocks End Mixed After Fed Minutes
Itching to Check Your Portfolio? It’s Time to Start Looking Again
Last year, when the markets were miserable, my number one recommendation to my clients (and myself) was simply to not check your portfolio. If you believe in the markets and the strength of the economy, you know and understand that downturns are typically a temporary occurrence. When you’re constantly looking at your portfolio and seeing… Continue reading Itching to Check Your Portfolio? It’s Time to Start Looking Again
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