Good MorningThe rebound in equities is already over. The S&P 500 opened higher on Wednesday but quickly reversed course to close the session with a loss of 0.75%. The move confirms resistance at the short-term EMA and the high likelihood the index will continue to fall. The critical support level for Thursday trading is 5,185; if broken, the index sell-off will gain momentum as it enters a downtrend.
The initial jobless claims figures may impact Thursday's trading. Although the claims figures are rarely market-moving, they may amplify fears of labor market weakness and the risk of a recession. There is little hope for equities in that scenario as the big money will move out of equities and into safer havens until the threat is passed. Featured: Hidden Signal Fueling Another Bull Run? (Crypto 101 Media) 
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Markets | | | Some investors have been worried about the recent sell-offs across the global stock markets. The so-called “Carry Trade” between currencies has been abandoned since the Bank of Japan recently decided to hike interest rates. Meanwhile, the Federal Reserve in the United States is ho... Read the Full Story >> |
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Markets | | | After a brief correction sell-off across global stock market indexes over the past couple of trading days, investors may be looking for places in the market where their capital might be safer. Some have looked to the energy sector, just like Warren Buffett did when he bought up to 29% of Occidenta... Read the Full Story >> |
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Markets | | | U.S. stocks slumped Wednesday after a morning rally evaporated, but the losses on Wall Street weren't as bad as the manic moves that wracked markets worldwide over the last week.The S&P 500 slipped 0.8% after an earlier jump of 1.7% petered out. The Dow Jones Industrial Average fell 234 points, ... Read the Full Story >> |
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Markets | | | Super Micro Computer Inc. (NASDAQ: SMCI) stock is down more than 13% the morning after it delivered its fourth quarter and full-year 2024 earnings report. The curiosity isn’t why the stock is down but why it shot higher in the immediate aftermath of the report. The headline numbers... Read the Full Story >> |
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Markets | | | When you make a large purchase, like a house or an automobile, you often need to borrow money to balance your finances. Not everyone has a liquid $400,000 set aside for home ownership, but a more common scenario is a $80,000 down payment and a $320,000 loan from a bank. You get the house, the seller... Read the Full Story >> |
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Markets | | | Shares skidded Thursday in Europe and Asia but to a more moderate degree than the gyrations that shook global markets earlier this week. France's CAC 40 gave up 1.2% to 7,176.23, while Germany's DAX lost 0.8% to 17,475.03. Britain's FTSE 100 shed 1.1% to 8,078.72. The futures for the S&P 500 and... Read the Full Story >> |
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Markets | | | The Walt Disney Company’s (NYSE: DIS) Q3 results and guidance are solid, leaving many questioning why the stock remains under pressure. The primary reason is a caution that economic pressures will continue to impact demand at the parks. This is critical information because the parks accoun... Read the Full Story >> |
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Markets | | | Beyond Meat on Wednesday reported better-than-expected sales in the second quarter despite continuing weak demand for its plant-based burgers, chicken and other products.The El Segundo, California-based company said its revenue fell nearly 9% to $93.2 million for the April-June period. That was bett... Read the Full Story >> |
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Markets | | | CVS Health chopped its 2024 forecast for a third time this year and changed the leadership of its health insurance business where it continues to struggle with rising costs.CEO Karen Lynch will lead the insurance segment, replacing Executive Vice President Brian Kane, who is leaving the company abou... Read the Full Story >> |
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Markets | | | Lyft shares tumbled to their biggest loss in more than a year on Wednesday after the ride-hailing app reported gross bookings that spooked investors. Shares of Lyft were down close to 13% in midday trading to $9.54 per share, even as the San Francisco company turned in its first quarterly profit, ea... Read the Full Story >> |
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Thursday's Early Bird Stock Of The Day BioXcel Therapeutics, Inc., a commercial-stage biopharmaceutical company, engages in utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology. The company's drug re-innovation approach leverages existing approved drugs and/or clinically validated product candidates together with big data and proprietary machine learning algorithms to identify new therapeutic indices. Its commercial product, IGALMI, a sublingual film formulation of ... | | View Today's Stock Pick |
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