Stocks have given back some of their impressive first-half gains in recent days. The Labor Department’s June readout of nonfarm payrolls showed a job market that’s beginning to ease. Twitter accused Meta of stealing trade secrets in the development of its new Threads app. Traders on the floor of the NYSE, July 6, 2023. Source: … Read more
Stock Market Today: Dow, S&P Live Updates for July 7 Bloomberg Source link
US stocks fell for the second day straight while Treasury yields spiked after surprisingly strong private hiring data. Traders are next to turning to Friday payroll numbers to gauge the Federal Reserve’s next move. The S&P 500 and Nasdaq 100 benchmarks notched losses on Thursday after ADP Research Institute numbers showed US companies added the … Read more
As the trillion-dollar AI rally gathers pace, pity the humans on Wall Street trying to figure out this gravity-defying market. With the S&P 500 Index staging an improbable 16% advance this year, being both bearish and wrong is making life awkward for the people paid to predict where equities will go next. After being blindsided … Read more
The big knock on the 2023 stock rally is that it rests on half-a-dozen companies thriving on hype. That criticism just took a hit. Beneath another rousing advance this week were signs of an increasingly equitable division of rewards, including the best week for small-caps since March and a trouncing of the S&P 500 by … Read more
Stock Market Today: Dow, S&P Live Updates for June 30 Bloomberg Source link
Short sellers are ramping up bets against US stocks even as paper losses on the positions surpass $100 billion. Total US short interest, or the amount traders have spent betting against US equities, exceeded $1 trillion this month as the S&P 500 Index extended its advance, S3 Partners LLC data show. The tally reached the … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s David Faber reports that activist investor Nelson Peltz is seeking a seat on Disney’s board of directors. With CNBC’s Melissa Lee and the Fast Money traders, Tim Seymour, Carter Worth, Steve Grasso and Courtney Garcia. 06:57 Wed, Jan 11 20236:13 PM … Read more