Trader Thomas Lee works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2019. Richard Drew | AP This is a live blog. Please check back for updates. 10:35 am: Walmart jumps 5%, gets an upgrade from Credit Suisse While the broader market moves lower, shares of Walmart are up more than […]
Tag: PowerShares QQQ Trust
S&P 500 is headed for a record close, fully erasing the coronavirus-related losses of past 2 weeks
Stocks rose on Wednesday, pushing the S&P 500 back to levels hit prior to the coronavirus scare. The broad index traded 1.1% higher, led by strong gains in the energy, financials and health care sectors. That gain put the S&P 500 on pace to notch a record closing high. It also erased its losses stemming from fears […]
S&P 500 rises to record high after news the US will remove currency manipulator tag from China
Stocks closed higher on Monday, resuming the rally that started last week amid news the U.S. will remove China from a list of currency manipulating countries, increasing optimism ahead of the signing of a key trade agreement. The S&P 500 gained 0.7% to close at 3,288.13, hitting a record high. The Nasdaq Composite also notched an all-time […]
Sacconaghi knocks down theory Apple’s surge due to passive investing, buybacks
Apple CEO Tim Cook greets employees and customers on a surprise visit to the Georgetown Apple store in Washington, DC. Jabin Botsford | The Washington Post | Getty Images Apple’s remarkable 12-month run is the real deal and not a technicality due to passive inflows and share buybacks, top tech analyst Toni Sacconaghi says. The […]