FINANCE
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Stocks Caught in Tug of War Between Tech and Rest: Markets Wrap
(Bloomberg) — A renewed rout in the world’s largest technology companies dragged down the stock market in the last few minutes of trading, despite gains in areas that would benefit the most from Federal Reserve rate cuts. Most Read from Bloomberg About 300 companies in the S&P 500 advanced — but the index itself fell. While economically sensitive groups such…
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Biden dropping out presents ‘another curveball’ for stocks
On Sunday, President Biden announced he will not seek reelection in November, adding to uncertainty about who will be in the White House in 2025. Stocks appeared to shrug off worries related to the election, with the S&P 500 rising over 1% on Monday. Investors also gained clarity over the state of the Democratic ticket, as Biden was joined by…
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S&P 500, Nasdaq post sharpest weekly losses since April amid tech rout
US stocks fell on Friday as more details over a global IT outage trickled in and the major averages failed to recover from a sell-off that saw the Dow snap a run of wins. The S&P 500 (^GSPC) fell 0.7% while the tech-heavy Nasdaq Composite (^IXIC) declined 0.8%. Both the Nasdaq and S&P 500 posted their worst week since April.…
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Russell 2000 Beats Nasdaq 100 by Most in Decade: Markets Wrap
(Bloomberg) — Stocks hit all-time highs as bets the Federal Reserve will soon start cutting rates fueled a rush into riskier corners of the market. Most Read from Bloomberg Wall Street extended a pattern of money rotating into small caps and out of the megacap “safety” since last week’s soft inflation data. Over the past four sessions, the Russell 2000…
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Is It Time to Buy 2024’s Worst-Performing S&P 500 Stocks?
The S&P 500 as a whole is testing new all-time highs, but not all stocks are performing well. Some iconic companies have lost more than 40% of their value since 2024 began. And now could be the time to buy one of these S&P 500 laggards. Down 56%, is this major retailer a screaming buy? Walgreens Boots Alliance (NASDAQ: WBA)…
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Why Shares of Cameco, NuScale Power, and Energy Fuels Are Powering Higher Today
When new legislation makes its way to the president’s desk, investors often sit up and take notice. And that’s exactly what’s happening today with respect to nuclear power stocks Cameco (NYSE: CCJ), NuScale Power (NYSE: SMR), and Energy Fuels (NYSEMKT: UUUU). These stocks are all flying higher after the market learned that President Biden signed a bill yesterday that encourages…
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The stock market will drop 32% in 2025 as the Fed fails to save the economy from a recession, research firm says
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., March 3, 2020.Andrew Kelly/Reuters The S&P 500 will plunge 32% in 2025 as a recession finally hits the US economy, BCA Research predicts. The firm said the Fed will fail to prevent a recession as it takes its time cutting…
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Stock Market Today: Dow Jones Futures Rise, Jobs Report Looms; Tesla, Nvidia In Focus
Dow Jones futures edged higher Thursday afternoon while S&P 500 futures and Nasdaq 100 futures fell slightly. U.S. stock markets are closed for the Fourth of July holiday. The jobs report looms early Friday. ↑ X NOW PLAYING Nasdaq, S&P 500 Hit Highs; ASML, Tencent Music, Agnico-Eagle Mines In Focus The S&P 500 and Nasdaq hit record highs in Wednesday’s…
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Why NextEra Energy Partners Plunged Today
Shares of NextEra Energy Partners (NYSE: NEP) fell on Monday, down 8.7% in today’s trading. The master limited partnership (MLP) focused on buying and holding renewable energy projects from parent utility NextEra Energy (NYSE: NEE) was down after a Wall Street analyst downgraded the stock and lowered his price target. Why? A potential cut to the company’s 13.8% dividend could…
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Elon Musk Just Gave Super Micro Computer and Dell Investors a Reason to Cheer
One of the biggest themes in the markets for the last two years has been artificial intelligence (AI). Naturally, famed entrepreneur Elon Musk has found himself at the center of the AI revolution — and he just gave investors a big reason to seriously consider both Dell Technologies (NYSE: DELL) and Super Micro Computer (NASDAQ: SMCI). Let’s explore how Musk…
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