US stock futures rose on Monday in light holiday volume, helped by plans from the world’s number-two economy to lift some restrictions as it fights COVID more aggressively than the rest of the world. What’s happening While US stock exchanges are closed in observance of Memorial Day, electronic futures trading continues. Futures on the Dow … Read more
The numbers: The US added a solid 428,000 new jobs in April, but an acute labor shortage showed little improvement last month and threatens to add to the highest inflation in 40 years. Economists polled by The Wall Street Journal had forecast 400,000 new jobs. The unemployment rate was unchanged at 3.6%, the government said … Read more
A bubble has burst for emerging tech stocks, but that doesn’t mean its safe or smart to go long those names right now, warned billionaire investor Ray Dalio. Dalio, the founder and co-chief investment officer of Bridgewater Associates, the world’s largest hedge fund, warned in January that emerging tech companies, including set-top box maker Roku … Read more
Apple Inc. AAPL 4.52% cautioned Thursday that the resurgence of Covid-19 in China threatens to hinder sales by as much as $8 billion in the current quarter—a setback after seeing supply-chain improvements during the first three months of the year. The guidance from the iPhone maker came Thursday shortly after the company posted one of … Read more
It can be challenging to resist the call of meme stocks, given their ability to skyrocket. For example, GameStop GME, +0.05%, perhaps the best-known meme stock, jumped to $190 from $78 over just a two-week period in March, for example — a 143% gain. A basket of 16 meme stocks that investment researcher Morningstar created … Read more
Shares of Twitter Inc. soared Thursday, after the social-media platform’s largest shareholder, Elon Musk, disclosed a bid to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own so he can transform it into the world’s “platform for free speech.” Musk, the “technoking” of Tesla Inc. and founder of SpaceX, also … Read more
Wall Street’s recent disdain for the transportation sector continued on Friday, as analysts expressed concerns over “rapidly” deteriorating market conditions and a growing risk of a freight recession. BofA Securities analyst Ken Hoexter downgraded nine transport stocks on Friday, including two double downgrades. JP Morgan’s Brian Ossenbeck actually upgraded one stock, but slashed his stock … Read more
After seven straight quarterly wins, the S&P 500 is about to log a 3% loss in the first quarter. The last losing quarter was a COVID-fueled 20% slump in March 2020, But a 5% gain for March will make for the best month since October, and the index remains just 4% off its Jan. 4 … Read more
