Rising coronavirus cases in the United States and Europe and talks of major banks engaging in transferring illicit funds started weighing on investors’ sentiments at the start of the week. Notably, there has been an alarming rise in new COVID-19 cases in Arkansas, Colorado, I
Wall Street is having a tough September after a blockbuster rally in the previous month. The Dow Jones Industrial Average dropped 1.8% on Sep 21. Moreover, the S&P 500 index lost 1.2% and the Nasdaq composite was down 0.1% during the trading session on the same day. Notably,
It seems like there is no stopping video game players this year, with the health crisis forcing people to stay at home. Moreover, the boom in the video gaming space may remain in the post-pandemic era as the outbreak has changed the lifestyle and preferences of Americans to a la
Microsoft MSFT has been a true coronavirus winner this year as it benefited from the momentum in Azure and impressive Teams user growth courtesy of the work-and-learn-from-home trend. Shares are up 28.4% this year despite the tech sell-off in September. In the past month, MSFT i
The month of September can be marked by the start of a rout in technology shares as investors began booking profits from this winning segment of the coronavirus crisis. The tech-heavy Nasdaq Composite underperformed compared with its other key U.S. peers.
The rise in COVID-19 infections once again has sparked concerns over the global economic recovery and unnerved investors, thus taking a toll on the broader stock market.Coronavirus cases have been growing globally, resulting in new lockdown measures in Europe, including Spain, D
Gaming has been the hottest corner in the entertainment industry. As stay-at-home trends lead to higher demand for gaming amid the COVID-19 pandemic, most technology companies are jumping on the space or bolstering their position to gain market share. As such, mergers and acquis
Wall Street extended its three-week decline and tumbled to a seven-week low with the S&P 500 and Dow Jones losing more than 2% each. The combination of woes, including a delay in additional fiscal stimulus package, concerns over fresh lockdowns in Europe amid resurgence in C
In the last trading session, U.S. stocks saw rough trading on concerns over fresh lockdowns in Europe amid resurgence in COVID-19 cases and reports on bank’s money laundering. Among the top ETFs, SPY lost 1.1%, DIA shed 1.8% and QQQ moved 0.4% higher on the day.Two more specia
After a superb August, Wall Street has been facing occasional troubles in September. This is especially true given its ill-famed seasonality in the equity market.
Eli Lilly & Company (LLY) dominated the headlines last week for its remarkable progress in development of coronavirus antibodies. The company recently presented positive results from the phase II study, BLAZE-1, evaluating its antibody therapy candidate, LY-CoV555, to treat
Historically, low mortgage rates continue to support the housing market even as the coronavirus cases are rising in the United States. Per the monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence for newly-built single
For investors looking for momentum, iShares U.S. Basic Materials ETF IYM is probably a suitable pick. The fund just hit a 52-week high and is up 76.8% from its 52-week low price of $59.49/share.
Last week was a moderate one for Wall Street.The S&P 500, the Dow Jones and the Nasdaq Composite have lost about 0.6%, 0.03% and 0.6%, respectively, past week. Renewed hopes for a coronavirus vaccine and treatments lent support to the markets while slowing retail sales as we
Oil logged in the biggest weekly gain since June driven by the Organization of the Petroleum Exporting Countries’ (OPEC) urge to comply with the output cuts, disruption in U.S. production due to hurricane Sally, and supply deficit prediction by a couple of banks. Notably, crud
The global stock market is stuck in a vicious circle of trading triggered by the tech rout, lofty valuation, lack of further monetary stimulus, the upcoming U.S. election, new restrictions spurred by rising coronavirus cases and concerns over global growth (read: 4 Sector ETFs t
The healthcare sector defied last week’s market rout, triggered by the resumption of decline in the technology sector after the Fed warned that the economic outlook remains "highly uncertain.” This is especially true against the progress in the development of a coronavirus v
Last week was a moderate one for Wall Street.The S&P 500, the Dow Jones and the Nasdaq Composite have lost about 0.6%, 0.03% and 0.6%, respectively, past week. Renewed hopes for a coronavirus vaccine and treatments lent support to the markets while slowing retail sales as we
Billionaire investor Warren Buffett is known for his value style of investing and hesitance to invest in the technology sector. The reason could be that tech shares are generally not tagged as value shares. These are high-growth in nature and valuations are often stretched.
The Nasdaq Q-50 Index (NXTQ) is a “minor league” of sorts for stocks that are viable candidates for future admission into the Nasdaq-100. Thanks to the recent launch of the VictoryShares Nasdaq Next 50 ETF (QQQN), investors have an avenue for accessing the Q-50.