Bitcoin & Bullion Bid As Hawkish FedSpeak Hammers Stocks & Bonds Stocks had limped higher all night after four straight days lower but into the cash open, Fed's Williams ruined the party by admitting that while rate-hikes are not 'his baseline' they are possible if the data warrants. But that dip was bought aggressively after the open. Stocks were spooked a little by the 'no landing' narrative screaming from Philly Fed's data (showing HL improvement but soaring prices-paid, and...
Crude-Crash Saves Stocks From CTA-Slaughter; Bonds Bid But Bitcoin Battered A volatile day for markets (relatively speaking) with crude and crypto the high- low-lights. Goldman's trading desk (Lee Coppersmith) noted that for the first time all year, it feels like the market is starting to question the strong growth narrative on the back of weaker earnings this AM: ASML -8% spilling into all Semis; JBHT a bellwether transport -7.5% and KNX -3.5% cut their forecast; Industrial REITs...
The stock of Ibotta, a digital marketing platform backed by Walmart Inc., soared 27% in its trading debut on Thursday, after the deal priced at $88, a full $4 above its proposed price range. The company allows consumer packaged goods companies to offer promotions to customers through a network of p
Trading in options tied to the Cboe Volatility Index, better known as the Vix or Wall Street's
A stock-market streak that had become emblematic of the S&P 500's blistering five-month rally is about to break. The S&P 500 is on track to close below its 50-day moving average on Monday for the first time in 110 trading days, according to Dow Jones Market Data. This would snap the index's longest
U.S. stocks closed lower on Monday, with the Dow cementing a sixth straight session in a row of declines, as investors worried about possible next steps in the Mideast conflict. The Dow Jones Industrial Average shed 248.13 points, or 0.7%, ending at 37,735.11. The S&P 500 index dropped 61.59 po
U.S. stocks ended sharply lower Friday, with the Dow Jones Industrial Average booking a large weekly loss on investor anxiety over inflation and geopolitical tensions in the Middle East. The Dow dropped 475.84 points, or 1.2%, to close at 37,983.24. The S&P 500 fell 75.65 points, or 1.5%, to fi
U.S. large-cap stocks just posted their largest weekly outflow since December 2022, strategists at BofA Global Research said Friday. Outflows from U.S. large-cap funds were $15.8 billion in the week ending Wednesday, the highest in 16 months, while stocks in general saw $19.6 billion of outflows fo
RFG Advisory LLC boosted its stake in SPDR Bloomberg High Yield Bond ETF (NYSEARCA:JNK – Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 122,469 shares of the exchange traded fund’s stock after buying an additional 5,229 shares […]
Equities retreated after inflation data called the Fed's rate-cut plans into question.
Envestnet has received interest from private equity firms, including Bain Capital, according to a press report. Shares ended the day up 9% on the news.
Salesforce is in late-stage talks to buy data-management software maker