Category Archives for News

Stock futures drop as coronavirus fatalities rise

Global markets were under pressure Thursday as a fears over a coronavirus gripping the world’s second largest economy escalated further.—9:39 a.m. ET: Tesla stock surge to fresh record high, topping $600 per shareTesla (TSLA) shares held onto gains from overnight trading, sailing above $600 per share after reporting a fourth-quarter profit and progress in its […]

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Apple’s most exciting market is your ear

Apple (AAPL) will report results for its fiscal first quarter after the bell today.Wall Street expects holiday-quarter earnings per share to hit $4.56 on revenue of $88.38 billion. Revenue from Apple’s closely-watched services segment should be right around $13 billion, according to estimates from Bloomberg.And while the Street continues chasing Apple shares higher and pronouncements […]

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Why the coronavirus outbreak could trigger a stock-market pullback

U.S. equity

The spread of China’s coronavirus is providing stock-market investors with another reason for near-term caution as major U.S. equity benchmarks trade near all-time highs, analysts said, offering a potential trigger for a near-term pullback. “Conditions in the broad market are ripe for a pause as sentiment measures and overbought conditions are at extreme levels. However, the […]

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Dow Jones Recovers After 200-Point Drop; Intel Surges Late; Netflix Rebounds Bullishly

Netflix Stock

The stock market turned in another resilient performance Thursday despite another sell-off in Asian markets overnight. The Dow Jones Industrial Average pared losses after falling more than 200 points early.  Boeing (BA) was a top gainer in the Dow Jones industrials, while Citrix Systems (CTXS), Neflix (NFLX) and Western Digital (WDC) outperformed in the Nasdaq 100. […]

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Beyond Meat stock climbs 13% as Starbucks plans to add more plant-based menu options

Shares of Beyond Meat jumped 13% in morning trading Tuesday after Starbucks announced that it would add more plant-based menu options as part of its efforts to combat climate change. Beyond’s stock, which has a market value of $7.3 billion, is on pace for its best month ever, back to its May initial public offering. Shares […]

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Stocks appear detached from reality, rallying for two things that may not happen

S&P 500

The new year is not even three full weeks old, and already half a trillion dollars has been added to the S&P 500′s value. Some investors worry either the economy has to suddenly jolt into action or earnings have to surprisingly surge — two things unlikely to occur — in order to justify these kinds […]

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Wall Street expects Boeing to take another big, ugly charge on 737 Max. BofA estimates total cost of crisis as high as $20 billion

A year ago, Boeing posted record revenues topping $100 billion with hopes of delivering a chart-topping number of airplanes in 2019, including hundreds of 737 Max jetliners.The news isn’t going to be so rosy on its fourth-quarter earnings call this year. Those bestselling planes were grounded worldwide in March after the second of two fatal […]

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Here’s what China agreed to buy from the US in the phase one trade deal

tariffs

China agreed to purchase an additional $200 billion in U.S. goods over the next two years as part of the “phase one” trade deal.The additional purchases will come on top of the 2017 U.S. export numbers.The deal stipulates that Beijing will buy $77 billion in additional goods and services in 2020 and $123 billion in […]

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Roku (ROKU) Stock Sinks As Market Gains

Roku (ROKU) closed the most recent trading day at $132.50, moving -0.69% from the previous trading session. This change lagged the S&P 500’s 0.19% gain on the day. Meanwhile, the Dow gained 0.31%, and the Nasdaq, a tech-heavy index, added 0.08%.Heading into today, shares of the video streaming company had lost 1.37% over the past […]

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Phase one trade deal could be less than market hopes: ‘Tariffs have now become a roach motel’

Investors have been waiting for details of the “phase one” trade deal, expected to be signed between the U.S. and China Wednesday, but they may already know most of what’s in it and there may be little new. Stocks have been buoyed by optimism around the deal for weeks now. Tuesday was no different, and the […]

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