China’s zero-Covid retreat sparks wealth management product sell-off
Beijing’s retreat from its zero-Covid coverage is creating chaos in the country’s Rmb29tn ($4.1tn) sector for wealth administration items, with some fund professionals possessing to freeze withdrawals or promote down…
The Microsoft stock sell-off is overdone, analyst says
Microsoft’s inventory drop of 28{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} so far in 2022 amid advancement considerations now appears overdone, Morgan Stanley states. “Although traders fear forward quantities have not been de-risked, we see a…
Stocks open mixed as market struggles to rebound from sell-off
U.S. stocks rose Thursday morning as markets remain on track to snap a 7-week losing streak. The S&P 500 climbed as much as 1.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in early trading, and the Dow…
Stocks extend losses after Snap outlook spurs sell-off in tech shares
U.S. stocks were mostly lower Tuesday after social media giant Snap Inc. (SNAP) logged its biggest one-day drop on record and dragged down shares of technology peers. The Nasdaq Composite…
Transports selloff could be flashing warning ahead
A new selloff in transportation shares may well be flashing a warning signal of an financial slowdown forward. The Dow Jones Transportation Average (^DJT) is viewed by some as an…
Stocks edge lower following back-to-back sell-off
U.S. stocks fell for a third straight day Thursday following a hawkish readout of minutes from the Federal Reserve’s last policy-setting meeting in the previous session that hinted officials were…