Wall Street slips as GE swoons, key market level looms

- Wall Street’s main indexes dipped in a choppy session on Tuesday as a drop in General Electric shares countered positive retailer earnings and investors eyed a key resistance level for the benchmark S&P 500 after the market’s strong run.

Optimism over the trade talks and over the Federal Reserve being less aggressive in raising interest rates has helped boost the S&P 500 by 11 percent this year. Investors are watching to see if the S&P 500 can breach 2,800, a level which the index has traded near for several sessions. In economic news, sales of new U.S. single-family homes rose to a seven-month high in December, but November’s outsized jump was revised lower. Other data showed a rebound in growth in the vast services sector in February amid a surge in new orders.

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Wall Street thinks the $1 billion market CBD could explode to $16 billion by 2025In a new report, analysts at the investment bank Cowen highlight a marijuana and hemp compound called CBD as a massive opportunity for growth. I hope so since I invested ! SamirMustafic20
منبع: BusinessInsider - 🏆 729. / 51 ادامه مطلب »

Wall Street Is Gushing Over Palo Alto Stock After Earnings Crushed EstimatesThe cybersecurity company crushed Wall Street profit expectations and reported fiscal second-quarter adjusted earnings per share of $1.51 versus the $1.22 consensus. It also gave sales guidance for its fiscal-third-quarter above the average analyst projection.
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