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Moderna, NVIDIA, Deere Form Bright Spots Amid Worries Over U.S.-China Relationship
Friday, May 22, 2020 - 10:24am | 1783Read More...(Friday Market Open) This week’s optimism about a coronavirus vaccine continued on Friday, but the U.S. stock market was having trouble mounting a sizable rally as tensions about China weighed as trading got underway in the last session before the long Memorial Day weekend. On the positive...
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Friday's Market Minute: Cost of Reopening
Friday, May 22, 2020 - 9:41am | 238Read More...The U.S. is hesitantly opening its door for business, with all 50 states now beginning to reopen in some variation. This comes nearly two months after the coronavirus pandemic pushed the nation into lockdown. With millions of Americans out of work and many entering their third month of social...
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Climate Change: Up And Down Pattern Continues As Week Advances And Powell Awaited
Thursday, May 21, 2020 - 9:44am | 2415Read More...The market this week kind of resembles Chicago weather. If you don’t like it, wait a few minutes. We were up big on Monday, down steeply on Tuesday, and up pretty sharply again Wednesday. Futures ticked lower early Thursday. That’s the score so far, reflecting a tug of war between...
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Thursday's Market Minute: Stocks Stop Short Of Breakout
Thursday, May 21, 2020 - 9:18am | 193Read More...Stocks came out swinging this week, with the S&P 500 futures contract posting a nearly 4% week-to-date gain largely on the back of Monday’s 3%-plus surge. Although the /ES recently has seen many breakneck price swings both up and down this year, more recently it has been unable to make a...
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'A Chance To Change The World': The Small Exchange Opens, Launches Small, Standard, And Simple Futures Products
Wednesday, May 20, 2020 - 6:22pm | 769Read More...On May 19, the Small Exchange announced the launch of a new futures exchange after receiving approval from the U.S. Commodity Futures Trading Commission (CFTC) and successfully completing Options Clearing Corporation (OCC) tests. The launch marks a new beginning for the industry, as more market...
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Chop Chop: Strong Earnings Lift Markets After Tuesday Thud; FOMC Minutes Ahead
Wednesday, May 20, 2020 - 12:48pm | 2887Read More...Yesterday’s close was all a dream. It never happened. OK, it did happen, but it seems to be getting quickly forgotten by many investors as stocks drove higher in pre-market trading on the back of strong earnings and strength in the crude market. Before we get to those things, it’s worth...
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Wednesday's Market Minute: Gettin' Nowhere Fast
Wednesday, May 20, 2020 - 12:26pm | 325Read More...Given the nature of the current situation and the record-breaking volatility of the first quarter, one could be forgiven for overlooking what the S&P 500 has done this month: not very much at all. The index is effectively unchanged since May began, and Monday’s bounce, while impressive,...
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Tuesday's Market Minute: Big Box Works Around Covid-19
Tuesday, May 19, 2020 - 2:46pm | 357Read More...U.S. equity futures turned slightly lower early Tuesday following Monday’s strong showing. The market scored its best session in six weeks after a Moderna Inc (NASDAQ: MRNA) trial boosted optimism for a potential coronavirus vaccine. The Dow and S&P 500 indices both saw their biggest one-...
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Walmart Earnings Look Strong Across the Board, But Home Depot Down After Missing on EPS
Tuesday, May 19, 2020 - 10:08am | 2441Read More...Investors lifted the hood on results from Walmart Inc (NYSE: WMT) and Home Depot Inc (NYSE: HD) this morning a day after the market’s best session in six weeks. The diagnosis? Half and half. Starting with the good news, WMT shares got a 4% pop in pre-market trading thanks in part to an...
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Quick Retreat: Impressive Thursday Turnaround Halted in Its Tracks Amid Fresh Trade Tiff
Friday, May 15, 2020 - 10:22am | 1890Read More...(Friday Market Open) The U.S. equities market was on the back foot this morning even before news of a record slump in retail sales. Sentiment soured after the White House moved to block shipments of semiconductors to Huawei Technologies, once again raising the specter of trade tensions between the...
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Cisco Earnings Beat Provides Bright Spot After Downbeat Economic Comments From Fed
Thursday, May 14, 2020 - 9:45am | 1662Read More...Wall Street seems to still be on edge a day after sobering commentary from the Federal Reserve chief sent the market lower. Commentary from Fed Chairman Jerome Powell was a stark reminder that even though stocks have rallied from coronavirus-induced lows, the economy may be far from being out of...
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Thursday's Market Minute: Equities On The Brink
Thursday, May 14, 2020 - 9:05am | 208Read More...Last week’s bullish surge in equities was halted as major U.S. indices fell sharply on Tuesday. The S&P 500 futures contract stumbled near 2930, the second time the recent rally failed at a convincing break above the 252-EMA. The /ES has been trading in a tightening range all month,...
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Financial Stocks Could Be In Focus Today After Powell Speech; Cisco Reports This Afternoon
Wednesday, May 13, 2020 - 10:46am | 1579Read More...The market seems caught in mixed thinking. On the one hand, excitement about the economy slowly starting to reopen has boosted shares recently. But there also seems to be a sense that it all might be too good to be true and the reopening might be premature. This morning, the former seems to...
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Wednesday's Market Minute: Stock Strength Is From More Than Fed Support
Wednesday, May 13, 2020 - 10:37am | 355Read More...There's still a lot of people who think stocks are only up because of the Federal Reserve. This is fraught with error. Yes, lower interest rates help support valuations by pushing investors toward higher-yielding asset classes. But the U.S. stock market has been signaling it doesn't...
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Not Just Fun And Games: How Esports Could Offer Potential Investment Opportunities
Tuesday, May 12, 2020 - 6:43am | 1067Read More...Like to play Fortnite or League of Legends? You’re in good company, because esports have become hugely popular. And esports investing and esports stocks have benefited. Gaming and esports have grown rapidly—driven by consumer demand, new distribution strategies, and new technology,...
