Shares that have surged recently on hopes for a smooth reopening of the economy led the declines. The Dow Jones Industrial Average plunged 1,861.82 points, or 6.9%, to close at 25,128.17. The S&P 500 slid 5.9% to 3,002.10 while the Nasdaq Composite dropped 5.3%. to end the day at 9...
S. would have to drop a lot more to get as cheap-in terms of the ratio of total equity (including private equity) to gross domestic product-as they were in the dark days of the 1970s. That ratio peaked at 1.8 around 2000. It recently dropped to 0.8, but that's still twice the ...
stocks of energy companies have dropped even more than oil prices as some investors grew more fearful of just such a scenario, according to strategists at Barclays.
"While rises in chip-related firms that recently performed well took a breather, companies undervalued amid the pandemic such as banks and insurers were bought on the back of rising U.S. bond yields," Makoto Sengoku, senior equity market analyst at the Tokai Tokyo Research Institute, was quote...
Financial stocks were also lower in Europe after Italy’s deputy prime minister announced a 40 per centwindfall taxon banks that have recently profited from rising interest rates. The region-wide Stoxx Europe 600 index ended the day 0.2 per cent lower, with the Stoxx Europe 600 Banks index do...
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The PPG Ford Dark Horse Nitro Mustang Funny Car will be at a number of NHRA events, showing that PPG is dedicated to racing and brand awareness. As a result, PPG continues to attract institutional investors like TD Asset Management, which recently expanded its holding by 5%. Analysts are ...
However, Buffett wouldn’t still own the shares if he didn’t believe that they had real potential. StoneCo reported its Q2 results after the markets closed on Aug. 18. While the shares dropped in response to the earnings, the numbers weren’t all that bad. ...
The sell-off in the market was broad and harsh, with sectors that had recently shown relative weakness leading the day lower. In recent weeks we have harped on the faulty signs that have started to add up in the market, but every significant down day has been met with buying. The rest...
several U.S. agencies tried to clarify the government's goals as they prepare to launch so-called stress tests on Wednesday, an attempt to measure the ability of large U.S. banks to survive a protracted recession.'The government will ensure that banks have the capital and liquidity they nee...