News

Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the start of the fourth quarter of 2024 showed their returns diverging and the whole group came under selling in recent months before rebounding.…

Investing.com -- Despite a swirl of negative developments, U.S. equity markets continue to power higher, leaving many wondering why stocks seem impervious to bad news.  Last week’s headlines featured plenty of reasons for the market to falter, yet the rose 1.11% and hit a new all-time high, with the index now up 21.91% for the year.  As per…

Welcome to this week’s edition of top stock market highlights.Tesla (NASDAQ: TSLA)Tesla’s next innovation is a two-door robotaxi that has no steering wheels or pedals.This new product was unveiled recently by CEO Elon Musk at an event on October 10.He believes that this vehicle will represent the path towards long term growth for the electric…

(Bloomberg) -- Wall Street traders wading through a slew of corporate results sent stocks toward their longest weekly winning run in 2024.Most Read from BloombergOn the eve of the 37th anniversary of the “Black Monday” equity crash, American equities were on track for fresh all-time highs — with the S&P 500 up for a sixth straight week. Big…

Check back for updates throughout the trading dayU.S. equity futures nudged higher in early Friday trading, with investors closely tracking moves in the bond market, as stocks continue to test all-time highs amid a bullish mix of solid economic data and impressive corporate earnings.The Dow Jones Industrial Average recorded its fourth record…

Stock market today: Despite the rally in the US stock market following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies, the Indian stock market ended lower for the third straight session on Thursday. The Nifty 50 index lost 221 points and closed at the 24,749 mark, the BSE Sensex shed 494 points…

(Bloomberg) -- The world’s biggest bond market got hit as a solid retail sales report had traders trimming their bets on Federal Reserve rate cuts this year.Most Read from BloombergTreasury yields climbed as the economic figures fanned doubts over how quickly the central bank will ease policy. Swap contracts priced in a total of 42 basis points…

Homebuilders are feeling more confident about the housing market despite a recent sharp rise in mortgage rates.The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index rose two points to 43 in October from the previous month, marking the second consecutive monthly gain. October’s reading was higher than economists’…

BANGKOK (AP) — Shares mostly advanced in Asia on Thursday after U.S. stocks rose following better-than-expected profit reports from Morgan Stanley, United Airlines and other big companies.Chinese markets gained after officials in Beijing announced the government was expanding financing for housing projects to try to turn around a slump in the…

iStock; Rebecca Zisser/BIA contrarian sell signal recently flashed in the stock market, according to Bank of America.The drop below 4% in cash allocations suggests aggressive stock market investing, BofA said.Investors are growing more optimistic about economic growth, but fear geopolitical conflicts and inflation.A sell signal in the stock…