After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq slid to 0.26 last week, its level lowest […]
Stocks
Inflation is a part of every economic lifecycle. While it should be expected, keeping your money in cash can prove the universe. Currency can lose value during inflation, and its purchasing power can diminish. That’s why many people turn their cash into aspects that can hold their worth over time. Stocks, bonds, crypto, and Bitcoin, […]
The world of stocks is vast and constantly evolving. Tech stocks offer an excellent opportunity for investment by merging the tech world and the stock market. The market is flexible and fluctuates heavily changes. Predicting the stock market changes and performances needs experts and lots of research. Some easy, stable picks present themselves, while sometimes […]
The S&P 500 ended below 4,000 for the first time since late March 2021 and the Nasdaq dropped more than 4 percent on Monday in a selloff led by mega-cap growth shares as investors grew more concerned about rising interest rates. The Nasdaq closed at its lowest level since November 2020. Apple shares dropped 3.3 […]
Wall Street ended sharply higher on Thursday after a strong quarterly report from Meta Platforms lifted beaten down technology and growth stocks and offset worries about the U.S. economy’s contraction in the first quarter. The Facebook parent surged 17.6 percent after the social network reported a larger-than-expected profit and rebounded from a drop in users. […]
Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc. Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk […]
Star stock-picker Cathie Wood’s Ark Invest this week snapped up shares of pandemic darlings including Roblox Corp, Roku Inc and Zoom Video Communications that have fallen out of favor this year. The asset manager’s flagship ARK Innovation ETF has slumped 43% this year, lagging far behind the S&P 500’s 7.7% decline as the prospect of […]
U.S. stock investors worried geopolitical uncertainty and the Federal Reserve’s fight against inflation could dent economic growth are heading for defensive sectors they believe can better weather turbulent times and tend to offer strong dividends. The healthcare, utilities, consumer staples and real estate sectors have posted gains so far in April even as the broader […]
Wall Street rallied to end sharply higher on Wednesday, powered by a recovery in interest-sensitive growth stocks as investors digested hot inflation data and a mixed bag of quarterly results. Falling U.S. Treasury yields helped the tech-heavy Nasdaq lead all three major U.S. stock indexes higher, with semiconductors outperforming the broader market. The Nasdaq jumped […]
The benchmark S&P 500 index rose on Monday, boosted by megacap tech and growth stocks and a surge in Twitter after Elon Musk revealed his stake in the company, amid cautionary signals in the bond market and talk of more sanctions against Russia over Ukraine. Defensive sectors, such as utilities and healthcare, lagged. Shares of […]