The S&P 500 SPX, -0.23% fell 0.3% to 2,944. The Dow Jones Industrial Average DJIA, -0.69% shed 162 points, or 0.7%, to 24,435. The Nasdaq Composite COMP, +0.44% was up 0.2% to 9,253.
Tuesday's insipid start comes a day after the S&P 500 and Dow Jones Industrial Average both saw their biggest daily gains in six weeks. Equities are looking to consolidate Monday's gains, which came on the back of hopes that a COVID-19 vaccine could arrive sooner than expected. In company news, Dow component Walmart Inc. WMT, +0.77% reported first-quarter earnings and sales that beat consensus estimates.
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Asia Pacific stocks set to open mixed; Fed Chair Powell assesses prospects of U.S. economic recoveryU.S. Federal Reserve Chairman Jerome Powell said the economy stateside may need a coronavirus vaccine to fully recover.
Source: CNBC - 🏆 12. / 72 Read more »
These value stocks will 'catch up' to growth stocks once economy improves, Goldman saysNew for subscribers: These value stocks will 'catch up' to growth stocks once economy improves, Goldman says Check out CNBCPro for a free trial. Pro I just sold all my alibaba which I doubled along with KO and salesforce. Market has to bottom out after the job losses and China. Pro “These value stocks will 'catch up' to growth stocks once economy improves,” Goldman says. Interpretation: Goldman Sachs's third-quarter earnings fell 26%. Not exactly a record on which I would rely.
Source: CNBC - 🏆 12. / 72 Read more »
Global stocks rise despite Fed's Powell warning that the coronavirus downturn could last until late 2021 | Markets InsiderGlobal stocks climbed on Monday as investors brushed off Federal Reserve chairman Jerome Powell's warning that the coronavirus-fueled economic d... That's why they rise. As we know in the recent years the more shit we get out the happier the markets are. And this is where we can ask ourselves, is the business fair anymore... What do you mean 'despite'? He said there is nothing fundamentally wrong and they will buy stocks if need be. No risk!
Source: BusinessInsider - 🏆 729. / 51 Read more »
China tensions and chip sell-off present buying opportunity in three stocks, tech analyst saysChips stocks have been caught in the middle of another U.S.-China showdown. It shouldn't be a major worry for investors, says one technical analyst. TradingNation Check out my tweets 💸
Source: CNBC - 🏆 12. / 72 Read more »
Top money manager cuts exposure, warns stocks are too expensiveTop money manager cuts exposure, warns stocks are too expensive (via TradingNation) TradingNation This same guy said to short thru April/May lmaooo TradingNation One man, at one single point in time, has an opinion on an unknowable future. That would be an accurate headline.... TradingNation Good for him
Source: CNBC - 🏆 12. / 72 Read more »
Saudi Arabia PIF invested billions in Boeing, Disney, Facebook stocks - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. F Of course they did, Trump and Jared's verrrrry close pals swooping in as everyone expected and that won't be the only thing they scammed their way into. Could say THEY own a fair chunk of America...which means...🤔 Facebook is a dying business if not for Instagram and WhatsApp it would have been dead no problem soon it will be dead even the Boeing is a sinking plane lol
Source: BusinessInsider - 🏆 729. / 51 Read more »