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RECAP
The $Dow Jones Industrial Average(.DJI.US$ fell more than 400 points Wednesday, while the $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ sank nearly 1% after a stronger-than-expected March inflation report dampened hopes for Federal Reserve interest-rate cuts.
The Dow shed 422.16 points (1.1%) to a 38,461.51 close, while S&P 500 gave up 49.27 ticks (1%) to 5,160.61 and the $Nasdaq Composite Index(.IXIC.US$ dropped 1...
The $Dow Jones Industrial Average(.DJI.US$ fell more than 400 points Wednesday, while the $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ sank nearly 1% after a stronger-than-expected March inflation report dampened hopes for Federal Reserve interest-rate cuts.
The Dow shed 422.16 points (1.1%) to a 38,461.51 close, while S&P 500 gave up 49.27 ticks (1%) to 5,160.61 and the $Nasdaq Composite Index(.IXIC.US$ dropped 1...
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Overall, U.S. stocks were trading lower on Monday to start Q2 with room to grow after a roaring start to the year. PCE inflation data Friday showed a slowdown in price increases while the market took a day off, but just by 0.1%.
Shortly after the market closed, preliminary figures showed the $S&P 500 Index(.SPX.US$ pulled back 0.31%. The $NASDAQ 100 Index(.NDX.US$ climbed just 0.03%. The $Dow Jones Industrial Average(.DJI.US$ fell 0....
Overall, U.S. stocks were trading lower on Monday to start Q2 with room to grow after a roaring start to the year. PCE inflation data Friday showed a slowdown in price increases while the market took a day off, but just by 0.1%.
Shortly after the market closed, preliminary figures showed the $S&P 500 Index(.SPX.US$ pulled back 0.31%. The $NASDAQ 100 Index(.NDX.US$ climbed just 0.03%. The $Dow Jones Industrial Average(.DJI.US$ fell 0....
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ColumnsShort Sellers Risk Billions on Crypto Stocks as MicroStrategy's Overvaluation Triggers 14% Drop
Kerrisdale Capital, a notable short seller, has taken a position against $MicroStrategy(MSTR.US$, initiating a short sale due to its belief that the stock's value is overly inflated — it's not worth paying over double for essentially the same asset (bitcoin). As a result, MicroStrategy's stock dropped by up to 14% on Thursday. Kerrisdale also noted that MicroStrategy no longer offers a unique method f...
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Morning Movers
Gapping up
$OneSpan(OSPN.US$ stock increased by 28% following the cybersecurity company's announcement of quarterly earnings that surpassed consensus expectations.
$NOVO NORDISK A/S(NONOF.US$ shares climbed 5.5% after the company released promising data on its experimental obesity drug, indicating it may be more effective than its successful Wegovy treatment.
$Rivian Automotive(RIVN.US$ The stock appreciated b...
Gapping up
$OneSpan(OSPN.US$ stock increased by 28% following the cybersecurity company's announcement of quarterly earnings that surpassed consensus expectations.
$NOVO NORDISK A/S(NONOF.US$ shares climbed 5.5% after the company released promising data on its experimental obesity drug, indicating it may be more effective than its successful Wegovy treatment.
$Rivian Automotive(RIVN.US$ The stock appreciated b...
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