Tag: Wall Street

Tech weakness is a major buying opportunity for investors: Invesco

Investors may want to hit the buy button the next time technology stocks sell off. Invesco’s Kristina Hooper contends the group is playing a crucial role in corporate America’s desire to boost productivity. “Technology over the longer term is going to benefit from increased corporate spending,” the firm’s chief global market strategist told CNBC’s “Trading […]

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Senator Cynthia Lummis discloses a bitcoin purchase worth up to $100,000

Senator-elect Cynthia Lummis, a Republican from Wyoming, stands for a photo at the U.S. Capitol in Washington, D.C., November 9, 2020. Stefani Reynolds | Pool | Reuters Senator Cynthia Lummis, R-Wyo., just disclosed a sizable bitcoin purchase as the crypto supporter continued to grow her stake in the volatile asset. The Republican senator scooped up the […]

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Cramer says to buy tech stocks on dips as the market tries to find support

Jim Cramer on CNBC’s Halftime Report. Scott Mlyn | CNBC CNBC’s Jim Cramer said Wednesday that wild swings on Wall Street in October are indicative of a market trying to find a bottom, and that’s why he likes beaten-up technology stocks at current levels. Source link

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Stock futures inch higher after Tuesday’s broad rebound

A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 5, 2021. Andrew Kelly | Reuters Stock futures inched higher in overnight trading after the market rebounded Tuesday from a tech-led sell-off the day prior. Futures on the Dow Jones Industrial Average gained 50 […]

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Stock futures rise slightly after a tech-driven sell-off on Wall Street

Traders work on the floor of the New York Stock Exchange (NYSE), September 21, 2021. Brendan McDermid | Reuters Stock futures rose modestly in overnight trading on Monday following a tech-led sell-off as investors continued to dump high-flying shares in the face of rising rates. Futures on the Dow Jones Industrial Average climbed 35 points. […]

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Market is unprepared for the inflation fallout, Wharton’s Jeremy Siegel warns

Wall Street may be on the verge of an uncharacteristically painful quarter. Wharton finance professor Jeremy Siegel, who’s known for his positive market forecasts, is sounding the alarm on the market’s ability to cope with inflation. “We’re headed for some trouble ahead,” he told CNBC’s “Trading Nation” on Friday. “Inflation, in general, is going to […]

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European markets trade higher; U.S. Treasury yields down

European stocks were trading higher on Tuesday with the pan-European Stoxx 600 index was trading higher with all sectors in positive territory. Further, investors turned to be cautious ahead of FOMC meeting outcome on Wednesday, wherein many investors expect hawkish commentary from Federal Reserve. The yield on the benchmark 10-year Treasury note dropped 17 basis […]

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Stock futures are flat as investors remain cautious about September

Stock futures were steady in overnight trading on Thursday as investors remain cautious about the month of September. Dow futures fell 20 points. S&P 500 futures dropped 0.08% and Nasdaq 100 futures dipped 0.09%. On Thursday, the Dow Jones Industrial Average lost 63 points, after being down as much as 274 points at its low. […]

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Pine Labs gets Wall Street bankers for its IPO, eyes over $6 billion valuation

Payments and merchant commerce firm Pine Labs has appointed Wall Street investment banks Morgan Stanley and Goldman Sachs as advisors for its initial public offering (IPO) in the United States next year, sources aware of the matter said. The India and Southeast Asia-focused e-payments firm is looking at a valuation of around $6 billion through […]

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Goldman Sachs says higher taxes are the biggest risk to U.S. stocks

House Speaker Nancy Pelosi (D-CA) takes questions as she holds her weekly news conference with Capitol Hill reporters at the Capitol in Washington, July 22, 2021. Elizabeth Frantz | Reuters Tax reform, not waning economic growth forecasts, is the No. 1 threat to the U.S. stock market before the end of the year, Goldman Sachs […]

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