U.S. markets showed strength throughout the first half of Friday’s action despite a jobs report that was a tad disappointing, but not troublesome, as the data still showed strong momentum in the labor market. The major indexes tripped another round of all-time highs before fading later in the day and into the closing bell.The pullback wasn’t too surprising as traders took profits ahead of the...
Continue reading >>
If you believed last year’s headlines, Facebook would be broken up, Tesla would never turn a profit, and Netflix would soon be clobbered by Disney+ and other upstart streaming competitors. Each of those stocks took headline hits — and for good reasons at the time — but investors who sold or shorted shares on the negative news made losing bets. Facebook now trades at an all-time high,...
Continue reading >>
The stock market rally shrugged off an Iran missile attack, with the Dow Jones, S&P 500 and Nasdaq composite all hitting new highs. Tesla (TSLA) delivered its first China-made Model 3 cars to customers, while Beyond Meat (BYND) is getting a wider McDonald's (MCD) test. Boeing (BA) now favors 737 Max simulator training for pilots, a move to win over regulators and the public, but that will add...
Continue reading >>
...
Continue reading >>
...
Continue reading >>
U.S. markets showed resiliency on Wednesday following the Iranian missile strikes on two U.S. bases in Iraq that caused concern overnight. In fact, Dow futures were down 400 points at one point before steadily improving ahead of the opening bell.The market viewed the U.S./ Iran conflict as stabilizing, for now, after tweets from both sides suggested that they are not seeking a further escalation....
Continue reading >>