The initial-public-offering market just saw its best quarter in five years by one key metric, as high-profile tech giants like Uber Technologies Inc. and Pinterest Inc. made their stock-market debuts.Altogether, second-quarter offerings brought in $25 billion, good for a five-year high, according to Renaissance Capital. The 62 deals featured during the period marked the highest count in four...
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U.S. markets snapped out of a 4-session funk while closing mostly higher on chatter of a trade truce with China and slightly better-than-expected economic news. China’s President Xi is expected to present President Trump with terms willing to settle the contentious trade fight between the two nations.The news was shot down after White House adviser Larry Kudlow said that no preconditions were...
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The market held positive throughout Wednesday’s session following another round of optimism on the U.S.-China trade standoff. U.S. Treasury Secretary Mnuchin said analysts were about 90% of the way there on a deal and he believes there is a path to complete it.Of course, this was old news but recycled as the market settled mostly lower with Tech bucking the trend. Volatility stayed slightly...
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