Right now we are in the terminal phase of a historic“double bubble”in both stocks and bonds. Many times we will see one or the other get clobbered on a particular day, but Friday was a “bloodbath” for all asset classes… Yesterday’s US equity market collapse and simultaneous bond ma...
Solar stocks sold off Wednesday afterDonald Trump secured a second trip to the White Houseand Republicans won control of the Senate, amid fears the Inflation Reduction Act, which helps fund clean energy manufacturing in the U.S., will be repealed. The benchmarkInvesco Solar ETFwas down more ...
Stocks extended losses with roughly half an hour left in the session. The Dow dropped about 420 points, after rising 150 points at its session high. A 5.6% loss inAmerican Expressshares dragged the 30-stock benchmark down. The S&P 500 last traded 1.9% lower and the Nasdaq fell 1.5%.— ...
The market is acting as if newspaper stocks 'have been revived, and all is wonderful in the industry. But that's wrong. There's still plenty to worry about here.’ — Hal Vogel, Vogel Capital Management Time Warner Inc. TWX, with its strong stable of financial properties including Fortune...
The average rate on the 30-year fixed mortgage surged 9 basis points Wednesday to 7.13%, according to Mortgage News Daily. That is the highest rate since July 1 of this year, though not quite the surge some had expected. Housing stocks reacted in turn, with both the big p...
From CNN Business' David Goldman Toward the end of the trading session, stocks tried to stage a rebound. Tech stocks turned positive, and the broader market was well off its lows. The Dow lost 120 points, or 0.3%, on Thursday. The S&P 500 dropped by 0.2%. The Nasdaq Composite...
Stocks have given back a bunch of their gains From CNN Business' Anneken Tappe US stocks are still in the green at midday but have given back a lot of their prior gains. Could the market finish in the red again today? The S&P 500 is up 1.7% at midday, while the Dow is up ...
Stocks have given back a bunch of their gains From CNN Business' Anneken Tappe US stocks are still in the green at midday but have given back a lot of their prior gains. Could the market finish in the red again today? The S&P 500 is up 1.7% at midday, while the Dow is up ...
What we're covering here today US stocks finished lower. Federal Reserve Chairman Jerome Powell and Treasury Secretary Steve Mnuchin testified earlier today. The hearing didn’t have a big impact on markets. CNN Business created a Coronavirus Markets Dashboard to help you track the stocks, ...
Stocks set to end February on a down note From CNN Business' Paul R. La Monica Stock market information on display at the New York Stock Exchange on Monday, Feb. 28. (Michael Nagle/Bloomberg/Getty Images) February is the shortest month of the year. Mercifully. Because i...