Breaking news
Michael Cembalest, the chairman of market and investment Strategy for J.P. Morgan Asset Management A top investment guru at J.P. Morgan has warned of a ‘nightmare scenario for markets’ if President Donald Trump were successful in his longshot attempts to overturn the results of the election. In a note to investors on Wednesday, Michael Cembalest, … Read more
Dow slumps 100 points and Wall Street pulls back from post-election rally as job growth slows and Biden edges closer to the White House Main US stock indexes edged lower on Friday after a post-election surge Stocks had rallied at the prospect of a split government in Washington But latest jobs numbers showed a slowdown … Read more
US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more
US stocks jumped again on Thursday as the presidential election hung in the balance with the Dow rising nearly 600 points and the S&P 500 rallying toward its biggest weekly jump since April. With counting continuing in the battleground states, investors were abandoning cautious positioning that many took ahead of the election, driving all of … Read more
Technology and health care companies led a stock market rally Wednesday as Wall Street shrugged off the presidential election limbo. The S&P 500 rose 2.2% for its best day in five months. The benchmark index had been up 3.5% before the market lost some of its momentum toward the end of the day. That pullback … Read more
Dollar rises against pound and US bonds are in demand as investors seek safe havens amid ‘extended uncertainty’ of election Leading up to election day markets had been pricing in a Biden clear sweep Strength of US dollar now on the up as investors flock to ‘safe havens’ By Jane Denton For Thisismoney Published: 11:53 GMT, … Read more
Stocks tumbled again Friday with the Dow Jones Industrial Average closing 157 points lower and posting its biggest weekly losses since March. Wall Street is closing out a punishing week with all three major indexes in the red, dragged down by a slide in shares of tech heavyweights following their quarterly results. The Dow had earlier … Read more
Donald Trump sparked a panicked stock market sell-off Tuesday afternoon as he tweeted that he would not allow talks on a stimulus plan to go on before the November election. In a series of tweets sent from the White House residence where he is still on drugs to fight his COVID, Trump canceled talks with … Read more
Record highs hit by the American stock market have further illustrated the gulf between Wall Street’s V-shaped recovery and the UK, which is struggling to bounce back from the pandemic. London’s FTSE 100 continues to flatline even as the country emerges from lockdown and the government unlocks most sections of the economy. The blue-chip exchange … Read more
The Wall Street Journal’s opinion section had a scathing response Thursday to the 280 staffers who had signed a letter this week claiming it pushed ‘misinformation’. In a note published by the section’s editorial board late Thursday night, the fiery rebuttal vowed that the opinion section wouldn’t ‘wilt under cancel-culture pressure’ following the protest letter … Read more