financial market news
Tech Futures Slip Ahead of Fed Meeting
Technology companies led losses among U.S. stock futures as investors awaited the Federal Reserve’s latest economic outlook and any signals on interest rates and bond purchases for the next few years. Futures tied to the tech-heavy Nasdaq-100 slipped 1.3%, while S&P 500 futures fell 0.4%. Contracts tied to the Dow Jones Industrial Average were relatively …
Chinese Technology Stocks Have Fallen Harder Than U.S. Peers
An index of the largest technology stocks listed in Hong Kong has dropped 26% in less than three weeks, reflecting how a sudden turn in the market has snowballed into significant losses for investors who piled into popular stocks earlier this year. The Hang Seng Tech Index—which tracks 30 companies including Chinese internet giants Tencent …
Asian stocks fall, led by technology, industrial names
BANGKOK (AP) — Shares were mostly lower in Asia on Thursday after a mixed session on Wall Street as losses by technology and industrial companies offset other gains. Shanghai saw a modest gain after reopening following the Lunar New Year holiday. Shares fell in Tokyo, Hong Kong and Sydney. The yield on the 10-year Treasury …
Bitcoin blows past $45,000 to fresh highs above $47,000, driven by Tesla’s investment
The price of bitcoin surged above $47,000 on Tuesday, building on gains following news that electric-car maker Tesla has invested $1.5 billion in the cryptocurrency and may accept it as future payment for products. After reaching a record of near $44,000 on Monday, bitcoin prices BTCUSD, +2.98% hit $45,000, $46.000 and $47,000 later that evening, …
When the bull market breaks, it’s ‘likely to break hard,’ warns longtime bear who suggests investors are putting too much faith in the vaccine
“ ‘I’m a believer in the Austrian School of Economics that says that the magnitude of the decline is proportional to the excesses created during the prior boom. I was early in 1998, 1999 and in 2006 to 2007… When it breaks, it’s likely to break hard’ ” That’s David Tice, the former manager of …
Tesla, FLIR Systems, Bitcoin: What to Watch When the Stock Market Opens Today
Here’s what we’re watching as markets open Monday for the first trading session of 2021. —U.S. stock futures rose on hopes that continued government stimulus and the rollout of coronavirus vaccines will bode well for equities. Futures tied to the S&P 500 rose 0.4% Monday, while contracts lined to the Dow Jones Industrial Average gained …