The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq ended at an all-time high for a second straight day after briefly rising above the 10,000 mark for the first time.
U.S. Federal Reserve policymakers on Wednesday will publish their first economic projections since the coronavirus pandemic set off a recession in February, estimates expected to signal a collapse in output this year and near-zero interest rates for the next few years.
Oil prices rose on Tuesday, as optimism about recent commitments from major oil producers to curb production offset concerns about a resurgence in coronavirus cases.
Yahoo Finance’s Emily McCormick joins Heidi Chung to break down why Hertz’s stock declined Tuesday after its three-day rally. …read more […]
Investors saw Vroom shares soar in its public trading debut. Yahoo Finance’s Jared Blikre joins Heidi Chung to discuss. …read more […]
The S&P 500 and Dow fell on Tuesday after recent strong gains, while the Nasdaq extended its record run and briefly rose above the 10,000 mark for the first time.
The COVID-19 crisis has shaped our lives forever, impacting how we live, work and communicate.
As Nicholas Vardy details today, it has also given a big boost to the technology sector, which people are now relying on much more heavily.
In recent months, I’ve written about how to invest in a crisis.
And I recalled Baron Rothschild’s advice that you should invest “when there is blood in the streets.”
I also cited Sir John Templeton’s contrarian observation “People are always asking me where is the outlook good, but that’s the wrong question… The right question is: Where is the outlook the most miserable?”
Click here …read more […]
(Bloomberg) — Just in the last week, 96,000 people on the Robinhood investing app opened a position in Hertz Global Holdings Inc. The number of users holding Whiting Petroleum Corp. grew roughly 10,000 in the last 24 hours.Two things the companies have in common: They’ve filed for bankruptcy protection. And each saw their shares double to start the week.It’s the same thing for Chesapeake Energy, as it prepares a potential filing. In the past, the court process usually wiped out equity shareholders. In this day and age, as small day traders salivate at any opportunity to get rich quick, a …read more […]
The U.S. presidential election is re-emerging as a potential risk to markets after a shift in polls that has seen President Donald Trump lose ground to Democrat Joe Biden.
A recent run of optimism in markets hit the brakes on Tuesday, as investors pulled back from major stock indices and turned their attention to safe-haven assets like gold.
Morgan Stanley Chief Executive Officer vf DEsaid on Tuesday the bank expects to set aside a smaller amount of money for potential loan losses in the current quarter, compared with the first quarter.
Optimism on President Trump winning re-election may in part be fueling the stock market’s latest surge, says this veteran strategist. …read more […]
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