Human error is to blame for the glitch that caused wild fluctuations in share prices at the start of trading on the New York Stock Exchange on Tuesday. A NYSE employee who is based out of the exchange’s backup data center in Chicago failed to shut down the disaster-recovery system that is tested every day …
NYSE stock-trading chaos caused by staffer’s ‘manual error’ Read More »
Bullish stock investors have gotten punched in the month so far this week, after a relatively cheery kickoff to 2023 following an ugly 2022. Cathie Wood, however, has some thoughts about what might truly light a fire under those hoping to place optimistic long bets on equities. The Dow Jones Industrial Average DJIA, -0.76% is …
While the US saw a precipitous decline in IPO activity last year, there could be a silver lining in the near term for companies waiting on the sidelines, according to an EY report on global IPO trends. Why it matters: IPO activity in the Americas sank to a 13-year-low by volume and a 20-year-low by …
Because interest rate hikes typically weigh on the economy and corporate earnings, investors flee. That pain is particularly acute for tech stocks like Apple because investors choose them in the first place for strong profit growth, which appears increasingly unlikely as interest rates jump, Zandi said. “Investors are buying their stocks because of expected profit …
In the last trading session, Wall Street was downbeat. Among the top ETFs, (SPY Quick QuoteSPY – Free Report) resolves 1.24%, (DIA Quick QuoteSLIDE – Free Report) retreated about 1.14% and (QQQ Quick QuoteQQQ – Free Report) moved 1.32% lower on the day. Two more specialized ETFs are worth noting as both saw trading volume …
Illustration: Sarah Grillo/Axios Tesla’s stock plunged by 9% on Tuesday, poised to end 2022 on a grim note after having shed over 70% of value this year. Why it matters: Investors are expressing dissatisfaction with Elon Musk by punishing Tesla’s shares, with the billionaire distracted by his tumultuous buyout of Twitter. Meanwhile, Tesla is facing …
Tesla stock plunges as investors punish Elon Musk Read More »
December has been a brutal month for the US stock market. Recession fears triggered by the return of the Fed’s hawkish tone led to risk-off trading. Weak results from Micron Technology (MU Quick QuoteMU – Free Report) and Tesla (TSLA Quick QuoteTSLA – Free Report) added to the chaos. The S&P 500 Index and the …
5 Sector ETFs That Beat the Market in December – December 27, 2022 Read More »
When will markets close for Christmas? Christmas Day falls on a Sunday this year. That means the US stock market will be closed on Monday, Dec. 26. Bond traders also have Monday off, but debt markets will close one hour earlier than usual on Friday, Dec. 23 at 2 pm Eastern before the long weekend. …
Is the stock market open on Monday after Christmas Day? Read More »
BlackRock, the world’s largest asset manager, has been making a case that US stocks look “cheap” heading into 2023, even if equities might still need to find a bottom and earnings remain a wild card. A chief reason? The S&P 500 index’s dramatic 20% decline on the year through Tuesday puts stocks on pace to …
Are stocks cheap enough to buy? BlackRock says they are after a brutal 2022 Read More »
Wall Street is just nine trading days away from closing a highly disappointing 2022. Even for these last few days, market participants are not sure in which direction the US stock markets will move. Investors are skeptical of a year-end rally — popularly known as Santa Claus Rally — for this year. These negative sentiments …
Shrug Off Market Gyrations With Top 5 Value Stocks – December 19, 2022 Read More »
