Investors are doubling down on stocks, shaking off fears of an economic slowdown in the U.S. which caused a sell-off earlier this month. Global stock markets fell sharply in early August after a rise in unemployment sparked fears that U.S. economic growth could slow more than expected. It led a number of investment banks to
The Reserve Bank of India on August 6, 2023 Punit Paranjpe | Afp | Getty Images Asia-Pacific markets were mixed in choppy trading on Thursday after U.S. stock benchmarks fell overnight, while investors assessed trade data from Japan and awaited India’s rate decision. The Dow Jones Industrial Average fell 0.60%, while the S&P 500 declined 0.77% on
It’s been a rough few days on Wall Street. Stocks tumbled to start the week after a disappointing July jobs report on Friday sparked fears of an incoming recession, a concern that worsened over the weekend amid a global market sell-off. Japan stocks are in a confirmed bear market, with the Nikkei plunging 12.4% and
3M stock just had its best day on record, leaving investors slack-jawed. They aren’t exactly sure why. The answer is surprisingly simple though: It’s growth. 3M stock gained 23% on Friday after reporting better-than-expected second-quarter earnings. It was the best one-day move for the stock on record, according to Dow Jones Market Data. They looked
Vice President Kamala Harris and her husband are multimillionaires with dozens of holdings in diversified index funds that would look familiar to many retirement savers. But part of their portfolio is hidden behind a trust whose holdings are at least partially obscured from the public. Harris, 59 years old, vaulted into position to lead the
Heading into November’s U.S. presidential election, professional investors agree on one strategy — diversification remains key. Stocks have been on an tear this year, with the S & P 500 and Nasdaq Composite closing at all-time highs this week even as questions swirl about when the Federal Reserve will start to lower interest rates. A
A few small-cap fund managers are bucking a broader decadelong trend of losing to large-caps by betting on a handful of winning stocks. Small-cap stocks are in a deep slump. They have underperformed large caps seven of the past eight years. That trend is continuing this year, with small caps posting a gain of just
Traders work on the floor of the New York Stock Exchange. Michael M. Santiago | Getty Images Stock futures edged lower Sunday night as investors await key inflation data for further clues on the longevity of this year’s market rally. Earnings from some major financial giants and consumer companies are also on the docket. S&P futures
While the media and sell-side analysts are preoccupied with Nvidia , Microsoft and Apple jockeying for the top market cap, the smart money’s been selling tech and internet stocks. That’s what Goldman Sachs reports, in the latest readout from the prime services unit that caters to the broker’s hedge fund clients. The June report from
Rivian Automotive is making progress on costs, putting it in position to sell its next generation of cars and parts for less than it spends to produce them, the EV maker said as it updated investors on its business days after announcing a blockbuster joint venture with Volkswagen . Shares were down in early Thursday