Stock futures opened higher on Monday to hold onto gains after a recovery rally, with investors at least temporarily shaking off concerns over a new coronavirus variant and looking ahead to new market catalysts. Contracts on the S&P 500, Dow and Nasdaq rose. Each of the three major indexes had […]
Finance News
The Dow Jones Industrial Average’s (^DJI) worst daily plunge of the year sparked a split among market strategists on whether Friday was a good buying opportunity. The index closed down more than 900 points, while the broader S&P 500 (^GSPC) average declined 2.27{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Energy, financials and industrial stocks led the […]
U.S. stocks plunged on Friday, with global markets rattled by a new coronavirus variant discovered in South Africa, which fanned concerns that new growth-crushing lockdowns could be imposed if the variant spreads widely. Trading volumes were low due to the Thanksgiving holiday in the U.S., which may have exacerbated the […]
Thanksgiving feasts will likely draw larger crowds than last year and incur higher costs. A recent Bank of America note detailed which companies have the most exposure to the top holiday dishes amid supply chain bottlenecks, inflation, lingering COVID concerns, low inventories, and evolving consumer behaviors. Those companies are Campbell’s […]
The number of Americans applying for first-time jobless claims reached the lowest level since November 1969, with the number of filings dropping to 199,000. Improvements in the labor market have been broad-based, with the weekly rate of those rendered newly unemployed falling precipitously across the country since the height of […]
Stock futures dipped Tuesday evening, holding lower following an extended rout in technology stocks. Investors also anxiously awaited a packed slate of economic data results out Wednesday before a holiday market closure. Rising interest rates coincided with a selloff in tech and growth stocks for a second day this week, […]