news on cyptos
Throughout September, profits from Big Tech cycled into the rest of the U.S. stock market, strategists say. Don Townswick, the director of equities strategy for Conning, says tech stocks could become favorable again in October, especially if earnings rebound. A potential Big Tech recovery brightens the outlook on the S&P 500 and the Nasdaq, coming…
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Major U.S. stock indices fell for a third day as the tech sell-off continued. Jim Cramer says it’s not too late for new investors to take profits. The stock market is vulnerable to a 10-15% sell-off. The U.S. stock market fell for a third straight day on Tuesday as last week’s tech sell-off continued. Stocks…
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Tesla plunged in pre-market trading and extended its decline after the open. Tesla has now officially entered a bear market and will likely fall much further. The decline of Tesla stock will be hastened by company selloffs, an underwhelming Battery Day, and its declining market share. Tesla stock fell by as much as 19.7% Tuesday…
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Citigroup no longer believes stocks are heading for a drop this year. Citi’s new forecast calls for a decline from recent highs, but still shows a net gain for the S&P 500 this calendar year. The bank cites unprecedented Fed intervention for its sudden U-turn. Don’t fight the Fed. That’s the general takeaway from Citigroup’s…
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FANGMAN stocks have almost hit a combined market cap of $8 trillion, more than the GDP of big economies like Japan, Germany, India, and the U.K. The over-reliance on Big Tech shows that the stock market “recovery” is mostly a symptom of the pandemic; it has enabled a further transfer of wealth to giant tech…
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The S&P 500 hit a record high amid a pandemic-fueled recession. History tells us the market will be higher in one year. One of the biggest threats to the stock market is a ‘W-shaped’ recovery. The S&P 500 hit a new all-time high last week. It’s not the first time the stock market traded to…
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August volumes are remarkably low. One reason could be economic uncertainty as traders brace for another pullback. The stock market’s disconnect from the real economy has become worrisome to traders concerned about another selloff. It’s not unusual to see trading volume dip in August, but this year, volumes have become disturbingly low. The lack of…
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Five mega-cap stocks have created the illusion of a fast and complete recovery in the U.S. stock market. If we remove the impact of FAAMG stocks, the S&P 500 would be down for the year. A decline in FAAMG share prices would bring the whole market down. You shouldn’t believe the hype around a stock…
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The S&P 500 closed at a record high on Tuesday. U.S. weekly jobless claims jumped back above 1 million. The stock market isn’t pricing in a slow recovery. The U.S. stock market hit a record high on Tuesday amid a pandemic-fueled recession. This year’s bear market was the shortest in history. The stock market has…
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The Dow Jones was little changed on Wednesday. The Nasdaq and S&P 500 are both trading at record highs, while the DJIA is still in the red for the year. Could a brick-and-mortar stock push the index over the finish line? After the S&P 500 notched a new record yesterday, the Dow Jones Industrial Average…
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