Dow Falls as NYC’s Virus Infection Rate Threatens to Derail Recovery
The Dow Jones traded sideways ahead of tonight’s blockbuster presidential debate between Joe Biden and Donald Trump.
September 29, 2020 No Comments
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The Dow Jones traded sideways ahead of tonight’s blockbuster presidential debate between Joe Biden and Donald Trump.
Despite a recent pullback, the gold rally is far from over. An uncertain election will bring volatility in the market, driving the yellow metal higher.
UBS expects the spot price of gold to reclaim $2,000 by the year’s end. That has major implications for the U.S. stock market.
The Dow Jones and broader U.S. stock markets are awaiting new trading catalysts following back-to-back gains. A Congressional stalemate over stimulus continues to hang in the balance.
The net volume of shorts on the U.S. dollar has hit its highest level in nearly three years, as the market braces for a dollar crash.
Jeremy Siegel, a professor at Wharton, believes there is significant “repressed liquidity.” In 2021, that could trigger an S&P 500 boom.
The Dow Jones Industrial Average soared on Monday as Donald Trump’s tax leak failed to deter risk-seeking investors.
Thornburg Investment Management is going against the Federal Reserve’s recommendation by accumulating cash amid the stock market stagnation.
The Dow and broader U.S. stock market surged on Monday’s trading session building up on Friday’s sharp gains.
Big Tech took a huge hit in September amid a prolonged S&P 500 sell-off. Strategists say tech would likely become the market favorites.
Exxon Mobil’s dividend yield is a whopping 10%, but that shouldn’t be enough for investors to enter this risky energy bet.
The U.S. stock market has finally begun to price in shocking data coming about the declining state of the economy.
The conventional approach to investing is dead. Here’s why the 60/40 portfolio allocation no longer works.
Yale economist Stephen Roach has predicted a U.S. dollar crash by the end of 2021, joining a growing number of other analysts.
Cruise line companies were upgraded by Barclays ahead of a potential opening of the sector. However, the industry is still a huge risk.
The Dow Jones rallied on Friday, with investors nervously eyeing the outcome of the first Trump-Biden debate next Tuesday.
The Dow and broader U.S. stock market tumbled on Friday, with the S&P 500 Index heading toward its fourth consecutive weekly decline.
Analysts expect a new wave of profit-taking in the stock market, despite the Nasdaq’s 11.481% drop this month, as wealthy investors sell off.
Investors widely anticipate the volatility of the S&P 500 index to spike. Goldman Sachs believes the market has priced in the risks.
GDP growth is set to drop from 4% to 2% given the absence of stimulus, warns Goldman Sachs. The data agree.
Nikola’s stock is tumbling as a series of scandals rock the renewable energy vehicle manufacturer. This is bad news for General Motors, which recently entered into an agreement with the company.
The Dow Jones rallied on Thursday, as Wall Street bulls looked to buy the dip in the after a rough week of trade.
The Nasdaq Composite Index continues to struggle despite reassurance from the Federal Reserve that rates will remain near zero.
Wells Fargo’s Charlie Scharf made insensitive diversity comments, but they underscore his willingness to be transparent about company issues
The Dow Jones Industrial Average was under pressure Thursday, as rising unemployment benefits weighed on investor sentiment.
Economists anticipate an economic winter to arrive in Q4. The U.S. stock market faces correction as the economic growth stalls.
Famed money manager Alan B. Lancz said four factors could cause the S&P 500 Index to stagnate over the next three months.
The Dow Jones fell 350 points, as Jerome Powell made it clear that most economic forecasts assume an additional round of fiscal stimulus that has yet to be passed.
Expectations for Battery Day were high but Tesla failed to satisfy investors. The company’s ambitious plans remain off in the future.
Gold has been a top-performing asset this year but has plunged in recent days thanks to three key events that may lead to more downside.
The Dow Jones Industrial Average rose by as much as 176 points Wednesday. The House passed a short-term spending bill late Tuesday that avoids a
Jamie Dimon has claimed a wealth tax would be “almost impossible” to enforce, yet evidence suggests it can bring in revenue if done right.
The tech stock selloff might not be over yet. Investors are becoming less greedy on tech stocks but aren’t scared enough.
The Dow Jones limped higher on Tuesday, as Jerome Powell’s cautious testimony had little impact on the U.S. stock market.
The wealth gain Tesla CEO Elon Musk has recorded in 2020 exceeds the entire net worth of investor Warren Buffett.
Bitcoin-gold correlation has hit a new all-time high; it will remain high for as long as the global economy suffers from the Covid-19 fallout.
Strategists and chartists pinpoint both severe fundamental and technical issues that could trigger a prolonged S&P 500 correction.
After plunging more than 500 points on Monday, the Dow Jones Industrial Average limped into Tuesday’s session.
Stock market is crashing, causing jitters across Wall Street. The Fed is reacting to the glim market outlook with a push for stimulus.
The stock market could be in for a slide because RBG’s passing will allow Trump to nominate a Justice that could help determine the election.
The Dow Jones tumbled on Monday, as concerns about lockdowns in Europe and fiscal stalemate in Congress punished the bulls.
After a strong start on its first day of trading, Snowflake stock is plunging sharply following a “sell” rating from a Wall Street analyst.
Bank stocks could be a good way to add value stocks to your portfolio as the sector will deliver once the economic recovery takes hold.
There’s a good chance of a contested election, which could create uncertainty. That could start the next major market decline.
The Dow Jones Industrial Average resumed its September selloff on Monday, as a spate of negative headlines weighed on investor sentiment.
As the U.S. stock market struggles to recover from its pullback, strategists are cautiously optimistic, but pinpoint one particular issue.
Barclays is sounding the alarm on the tech bubble. The firm downgraded the mega-cap tech sector to market weight because of its stretched valuations.
Investors like Warren Buffett and Ray Dalio are tweaking their portfolios to battle high inflation. You should consider following their lead.
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