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financial market news


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 …

Shares of General Electric Co. slumped Wednesday, after the industrial conglomerate confirmed a $30 billion deal with AerCap Holdings NV, while also surprisingly proposing a 1-for-8 reverse stock split. GE, which hosted an analyst meeting early Wednesday, also provided 2021 financial guidance, in which the range for adjusted earnings was a bit downbeat, but the …

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 …

Shares of Cognizant Technology Solutions Corp. CTSH, +1.81% advanced 1.81% to $73.71 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.95% rising 1.95% to 3,841.94 and the Dow Jones Industrial Average DJIA, +1.85% rising 1.85% to 31,496.30. The stock’s rise snapped a …

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 …

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, …

“ ‘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 …

U.S. stock futures edged lower Friday as some investors grew concerned that President-elect Joe Biden’s $1.9 trillion Covid-19 relief plan could lead to higher taxes. Futures tied to the S&P 500 fell 0.3%, indicating the benchmark index may decline for a second day. Contracts tied to the Nasdaq-100 edged less than 0.1% lower and those …

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 …

Earlier this year, Berkshire Hathaway threw its heavyweight name behind Barrick Gold GOLD, +0.31% with an investment that flew in the face of Warren Buffett’s longtime aversion to gold. The news was “earth-shaking in the gold market,” one strategist said at the time. Now, Kevin Smith, Crescat Capital’s chief investment officer, says others following suit …