(Bloomberg) — This year’s hottest derivatives trade, and perhaps the most controversial, drew attention one last time for 2023 as market watchers called zero-day options the villains behind Wednesday’s plunge in U.S. stocks that hit the Rally ended. Most read by Bloomberg With the S&P 500 index in overbought territory and turnover limited by looming … [Read more…]
The S&P 500 (^GSPC -0.01%) is having a spectacular year. So far, it’s up 22.8% including dividends, marking a significant turnaround from 2022, when it plunged into bear market territory. In fact, the S&P 500 has only posted an annual loss 15 times since its inception in 1957. In nine of these cases, the index … [Read more…]
25 minutes ago Bitcoin surpasses $40,000 Bitcoin has topped $40,000, a new annual high, as investors are bullish ahead of a possible U.S. approval of a Bitcoin exchange-traded fund and traders bet that the Federal Reserve will start cutting interest rates next year. Bitcoin was recently up 6% to around $42,000. The cryptocurrency is now … [Read more…]
It’s official: Uber Technologies will be added to the S&P 500 index. Uber, Jabil and Builders FirstSource will be added to the S&P 500 before trading begins on Dec. 18, according to S&P Dow Jones Indices, which monitors the index. The announcement came after the close of trading on Friday. The Uber expansion is no … [Read more…]
NEW YORK, Dec 1 (Portal) – The benchmark S&P 500 index (.SPX) closed at its highest level of the year on Friday, as optimism grew that the Federal Reserve was finished raising U.S. interest rates and due to which could reduce inflation next year. The index closed at 4,594.63 points, up 26.83 points or 0.59%, … [Read more…]
CNBC’s Jim Cramer responded to Bank of America’s bullish 2024 outlook on Tuesday, agreeing that it’s possible the S&P 500 could reach the 5,000 mark by the end of next year. Bank of America strategist Savita Subramanian wrote on Tuesday that she expects 2024 to be a “stock picker’s paradise,” saying the bank is optimistic … [Read more…]
Best Buy sinks due to weak outlook Kohl’s slips on quarterly sales decline Indices: Dow down 0.2%, S&P 500 down 0.2%, Nasdaq down 0.6% NEW YORK, Nov 21 (Portal) – U.S. stocks fell on Tuesday, with the S&P 500 and Nasdaq ending their five-day winning streak, as retailers declined after some disappointing forecasts and technology … [Read more…]
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Portal/Brendan McDermid ACQUIRES LICENSE RIGHTS Nov 17 (Portal) – The S&P 500 index rose slightly on Friday as investors digested recent gains, while comments from Federal Reserve officials clouded prospects about when the U.S. central … [Read more…]
5 hours ago Hong Kong markets are cooling off after the previous session’s gains Hong Kong’s Hang Seng Index fell 1.81% in Thursday morning trading, shedding more than half of its gains from the previous session. The Hang Seng Tech Index lost 2.34%. Most technology-focused stocks rallied on Wednesday on signs of cooling U.S. inflation, … [Read more…]
Intel (INTC), which was also considered an underrated chip player throughout 2022 and the first half of 2023, has suddenly programmed itself back into Mr. Market’s favor. According to Yahoo Finance data, Intel shares rose 13% in December, compared with a 4.5% gain for the S&P 500. The company’s main competitor, Nvidia (NVDA), saw a … [Read more…]