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Trade Optimism, Nasdaq Records

Video Credit: Wochit News - Duration: 00:37s - Published
Trade Optimism, Nasdaq Records

Trade Optimism, Nasdaq Records

(Reuters) - The S&P 500 and the Nasdaq indexes climbed to new record highs on Monday as signs indicated the United States and China were moving closer to a trade truce, while a host of merger deals also helped buoy sentiment.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., November 18, 2019.


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Nasdaq American stock exchange

Wall Street rebounds to snap three-day skid [Video]

Wall Street rebounds to snap three-day skid

Wall Street's main indexes ended higher Wednesday to snap a three-session losing streak as investors jumped back in to take advantage of the pullback in technology-related stocks, a day after the Nasdaq confirmed correction territory. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:25Published
Tesla Stock Rallies 10% [Video]

Tesla Stock Rallies 10%

On Wednesday, Tesla shares rallied as much as 10%. The rally added about $32 billion in market value to the company. Other tech stocks like Apple, Amazon were also in the green after the Nasdaq tumbled a record 10% in three trading days. On Tuesday, Elon Musk's Tesla saw its stock price plunge 21%, erasing $82 billion from its market capitalization. Business Insider reports that Tesla completed a $5 billion share sale and a five-for-one stock split last week.

Credit: Wochit News    Duration: 00:34Published
Nasdaq drops 4% into correction territory [Video]

Nasdaq drops 4% into correction territory

U.S. stocks closed lower for a third straight session Tuesday as tech stocks extended their sell-off to send the Nasdaq into correction territory, while Tesla suffered its biggest daily percentage drop after the stock was passed over for inclusion in the S&P 500. Fred Katayama reports.

Credit: Reuters Studio    Duration: 01:27Published
Don't buy Thursday’s dip: strategist [Video]

Don't buy Thursday’s dip: strategist

As the Nasdaq fell 5% intraday Thursday, Crossmark Global Investments' Victoria Fernandez, who last month advocated trimming positions on big cap tech stocks, says the market may have further to drop. She tells Reuters' Fred Katayama investors should later buy consumer staples, utility, and energy stocks.

Credit: Reuters Studio    Duration: 04:14Published
Dow Climbs 455 points While S&P 500 Sets Record [Video]

Dow Climbs 455 points While S&P 500 Sets Record

US stocks climbed on Wednesday with the S&P 500 and Nasdaq composite extending records. According to Business Insider, both indexes closed at all-time highs on Tuesday. The rally was partly spurred by sectors that have underperformed in 2020, including utilities and financials. Traders are closely watching for signs that Congress will sign on for another pandemic stimulus bill soon. Treasury Secretary Steven Mnuchin on Tuesday encouraged Congress to pass stimulus measures.

Credit: Wochit News    Duration: 00:32Published

S&P 500 Index S&P 500 Index Stock market index

Wall Street Confident Stocks Are On Course [Video]

Wall Street Confident Stocks Are On Course

Business Insider reports that US stocks are on course to close lower for a third consecutive week. The S&P 500 has lost nearly 9% since early September's record high. That decline was mainly driven by losses in the technology sector. But Goldman Sachs, Wells Fargo and Deutsche Bank are upbeat the US stock market sell-off is mostly over. Goldman Sachs kept its end-of year S&P 500 target to 3,600 by year end.

Credit: Wochit News    Duration: 00:27Published
Reasons To Be Bullish On Stocks [Video]

Reasons To Be Bullish On Stocks

2020 has been a wild ride for stocks. Business Insider reports that the market continues to face risks stemming from the COVID-19 pandemic. There is also election uncertainty, and the potential for heightened trade tensions with China. BI reports that investors should continue to hold on for the potential of more gains ahead. In a note, investment group LPL raised its year-end S&P 500 fair-value target to a range of 3,450 to 3,500, the note said.

Credit: Wochit News    Duration: 00:34Published
How Much Higher Could The S&P500 Climb? [Video]

How Much Higher Could The S&P500 Climb?

According to Business Insider, JPMorgan expects the S&P 500 to rise another 6% from current levels to a record 3,600 before the year is over. The S&P500's earnings recovery is "ahead of expectation." Tech stocks have done well, boosting the index. The S&P500 will continue to support its recovery while other sectors gain through the second half of the year, they added. JPMorgan expects S&P 500 firms' margins to fully recover from the pandemic by the second half of 2021.

Credit: Wochit News    Duration: 00:28Published
The S&P 500 Could Face Double Digit Corrections [Video]

The S&P 500 Could Face Double Digit Corrections

CFRA's Sam Stovall said that the recent S&P 500 pullback may be converted into a "low-level, double-digital correction." According to Business Insider, Stovall said that this will be an opportunity for investors to buy, not "bail." He feels the Fed is likely to keep interest rates low for the next few years. Stovall added that recent S&P 500 sell-off was not surprising. For Stovall, the "extreme" difference between price returns for growth stocks versus value stocks made the market vulnerable.

Credit: Wochit News    Duration: 00:27Published
Should Investors Be Bullish On The Market? [Video]

Should Investors Be Bullish On The Market?

There have been back-to-back weeks of stock market declines. In a note UBS said the steady declines should be used by investors as an opportunity to buy stocks at better levels. Record highs were recorded on September 2. Now, the S&P 500 is down 7%, while the Nasdaq 100 is down 10%. UBS expects markets to "refocus on the positives."

Credit: Wochit News    Duration: 00:31Published

New York City New York City Largest city in the United States

NYC Restaurants To Add Covid-19 Surcharge [Video]

NYC Restaurants To Add Covid-19 Surcharge

(CNN) New York City diners may soon see a Covid-19 surcharge on their bills as the restaurant industry continues to hobble due to the coronavirus pandemic. The New York City Council passed a bill on Wednesday 46-2 that would allow restaurants to charge as much as 10% on customers dining indoors or outdoors to help cover Covid-19 expenses. Labeled the "COVID-19 Recovery Charge," the surcharge does not add to the bill's overall tax, nor applies to delivery or takeout orders.

Credit: Wochit News    Duration: 00:32Published
Supreme Court Justice Ruth Bader Ginsburg dies at 87 [Video]

Supreme Court Justice Ruth Bader Ginsburg dies at 87

[NFA] Justice Ruth Bader Ginsburg, a stalwart liberal on the Supreme Court since 1993, died on Friday at age 87 of complications from pancreatic cancer. Lisa Bernhard has more.

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De Blasio's Dysfunctional Administration [Video]

De Blasio's Dysfunctional Administration

A new report in the NY Post has shed new light on the disfunction inside NY Mayor Bill de Blasio's beleaguered administration. The report cited an incident centering around the de Blasio's celebration of centennial of women's suffrage. A white staffer apparently sparked bitter race row after telling black colleague it was 'negging' and 'confrontational' to bring up race in the suffrage conversation.

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Trade optimism, Nasdaq records [Video]

Trade optimism, Nasdaq records

(Reuters) - The S&P 500 and the Nasdaq indexes climbed to new record highs on Monday as signs indicated the United States and China were moving closer to a trade truce, while a host of merger..

Credit: Rumble     Duration: 00:37Published
Dow joins S&P 500, Nasdaq at record highs [Video]

Dow joins S&P 500, Nasdaq at record highs

The Dow set a record closing high, joining the S&P 500 and the Nasdaq in doing so amid optimism surrounding corporate earnings and 'phase one' of the U.S.-China trade deal. ..

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Dow joins S&P 500, Nasdaq at record highs [Video]

Dow joins S&P 500, Nasdaq at record highs

The Dow set a record closing high, joining the S&P 500 and the Nasdaq in doing so amid optimism surrounding corporate earnings and 'phase one' of the U.S.-China trade deal. Conway G. Gittens reports.

Credit: Reuters Studio     Duration: 01:15Published