Benchmarks gained around 1% on Thursday after the Federal Reserve hinted that it will move slowly on raising interest rates. A majority of Fed officials had said on Wednesday that the economy is ready for a rate hike this year. Only 2 out of the 17 officials believe the central bank should not raise rates before next year. Meanwhile, consumer […]
Akin Oyedele
Jun. 18, 2015, 12:33 PM
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ZaldyImg/FlickrBiotech stocks are having a massive Thursday.The iShares Nasdaq Biotechnology ETF rallied more than 3% on Thursday to a new all-time high.The ETF, which tracks stocks in the industry, has seen two big plunges this year, including a 10% correction in April.Despite these zigzags, the trend is up, and the industry has rallied with other […]
The S&P 500 (SPX) has seen its fair share of ups and downs in the first half of June, but the overall direction lacks conviction. Or is that changing? Like, real soon. This week kicks off with some noise due to failed weekend talks to rescue Greece. Just a little volatility primer before attention turns to the midweek Federal Reserve […]
Concerns over Greece’s latest effort to avoid a default weighed on U.S. financial markets Monday.The Dow Jones industrial average slipped 107.67 points, or 0.6 percent, to 17,791.17. The Standard & Poor’s 500 index slid 9.68 points, or 0.5 percent, to 2,084.43. The Nasdaq composite lost 21.13 points, or 0.4 percent, to 5,029.97.Monday’s slide got started early after weekend negotiations between […]
All eyes turn to the Fed this week as the FOMC gathers in Washington to decide whether the time has come to raise the Federal funds rate, something that hasn’t been seen in America in nearly eight years. And while September remains the odds on favorite for the first rate hike, it was only a few weeks ago that money […]
Benchmarks ended Tuesday’s choppy trading session almost unchanged, with the Dow Jones Transportation Average nearing correction territory. The transportation index took a beating mostly due to a drop in airline stocks. The Nasdaq finished in negative territory dragged down by decline in biotech stocks, but the S&P 500 ended in the green boosted by gains in consumer staples and financial […]
How to Protect Yourself From a Summer Stock Market Correction or CrashBy Jon C. Ogg June 9, 2015 10:35 am EDTPrintEmail It is now June, and the echoes of “sell in May and go away” are still ringing. In fact, the Dow Jones Industrial Average went negative for the year on June 8. With the bull market now more than […]
A Salem man who made more than $1.7 million through a series of “pump-and-dump” stock-trading scams was sentenced Friday to five years in prison.Alexander Hawatmeh, 25, admitted that he manipulated the share prices of four penny stocks, then sold off his holdings for enormous returns. Federal prosecutors said that in one March 2014 case, Hawatmeh made $1.27 million through the […]
Nick DeWolfGlobal bonds recovered from a sharp selloff overnight but US stocks continued sliding and saw their worst day this week. The selloff in stocks came ahead of Friday morning’s big May jobs report in the US – the last one before the Federal Reserve’s June policy meeting. First, the scoreboard:Dow: 17,905.58, -170.69, (-0.94%)
S&P 500: 2,095.84, -18.23, (-0.86%)
Nasdaq: 5,059.12, -40.11, (-0.79%)
And now, the top […]
Stock markets around the world have been on an extended bull run for a long time now, but economists are getting increasingly worried that it could soon be coming to an end.Two new charts, from Deutsche Bank and Bank of America Merrill Lynch, show that shares are in too-good-to-be-true territory and that if history is anything to go by, they’re […]
