Stock market live updates: Stocks recover, technology leads, Tudor Jones warns of 'second depression'

The major averages recovered from earlier losses as big tech shares continued to be a bright spot in the market. However, gains were kept in check amid fears over a resurgence in coronavirus cases.2:25 pm: 92% of Nasdaq 100 stocks are above their 50-day moving average

During Monday's session, 95 of the 103 stocks in the Nasdaq 100 index were trading above their 50-day moving average as big tech shares led Wall Street off its intraday lows. The Nasdaq 100 traded 1% higher as Facebook, Amazon, Alphabet, Netflix and other major tech stocks rose. "When the NDX pops, it tends to take many of its components along for the ride, like now," said Frank Cappelleri, executive director of Instinet.

AutoNation — AutoNation reported quarterly revenue that surpassed analyst expectations, sending the stock up more than 5%. Cruise lines — Norwegian Cruise Line, Carnival and Royal Caribbean all fell as investors grew jittery over the possibility of a second wave of coronavirus cases.to read more. —Goldman Sachsin stocks as the market is poised to get hit by a lack of buybacks, dividend cuts as well as rising political uncertainties. The bank said the S&P 500 will fall to 2,400 over the next three months, a nearly 20% decline from here, before it rebounds to 3,000 by year-end.

Among the six negative catalysts, the strategist pointed to an increase in new coronavirus cases outside of New York state, which suggests infection may accelerate as more states begin to relax shelter-in-place restrictions. Meanwhile, investors should be cautious about the risks stemming from the U.S. presidential election and the ongoing trade tensions with China, Kostin said.

Oh boy you're a real genius..The FED IS IN CONTROL....and will not allow markets to fail...

'Experts '

wall street no longer reflects main street. The fed bought it

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Stock market live updates: Dow down 200, reopening jitters, Tudor Jones bets on bitcoin“The president is determined, we’ll do whatever we need to do.” Treasury Sec. Mnuchin discusses the economic impact of the trillions of dollars of coronavirus relief authorized so far, and what could come next. Mnuchin is disgusting. Do you seriously believe a word he says? He does realize that regardless of interest rate, we still have to pay this back, correct? I see very large taxes in the near future. Let's reverse the corporate tax cuts and let them pay for all these costs, since it has kept the market inflated for their options. blackrock will buy junk bonds through the FED, breaking the established law.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Stock market live updates: Stocks lower, reopening jitters, Tudor Jones warns of 'second depression'A conversation about the latest market-moving news, including new coronavirus cases being reported in Japan and Singapore. elerianm In which universe do you want to be? elerianm If you listened to 50 “analysts” over the last two years. 95% were wrong 95% of the time. Invest in securities you understand and play the long game. elerianm Are all the pieces here or not? many business will close
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

A ‘much more severe’ selloff looms in the stock market, strategist warnsDoug Ramsey, the chief investment officer of The Leuthold Group, warned clients in a note that the day is coming when the dire state of the economy catches... Really? When? 股票都在美联储手里，谁有能力大幅抛出股票？
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Stock market investors are ‘too optimistic’ over 2020 earnings and the 2021 recovery, strategists sayInvestors may be attaching too much weight to the 2021 recovery, ING strategists said. Not optimist forced do to coming inflation Everyone needs to look to US Uranium producers. Trump administration serious about laying foundation for a thriving US Uranium industry. Only a few Companies in US have survived.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »