The market may not have ended last week's action on a high note, but it doesn't really matter. The first three days of the week were so strong, stocks were still more than able to log a second big week of gains and further solidify the young turnaround effort. There's still a huge hurdle dead ahead though. We'll weigh the...
By Keris Lahiff, CNBC Stocks are on an election high this month, shaking off the worst of October's dizzying losses. That euphoria could be short-lived, according to Lakshman Achuthan, co-founder of Economic Cycle Research Institute. He says one particular chart illustrates the high risk of another wave of selling. "We're focused on cycles, the direction of economic growth," Achuthan told...
By Keris Lahiff, CNBC Stocks are on an election high this month, shaking off the worst of October's dizzying losses. That euphoria could be short-lived, according to Lakshman Achuthan, co-founder of Economic Cycle Research Institute. He says one particular chart illustrates the high risk of another wave of selling. "We're focused on cycles, the direction of economic growth," Achuthan told...
– Divided Congress could keep deficit in check, slowing yield rise: analysts – By William Watts, MarketWatch Stock-market bulls are cheering midterm election results that, as expected, saw Democrats take control of the House and Republicans hold control of the Senate, delivering a split Congress and expectations for legislative gridlock over the remaining two years of President Donald Trump's term....
– Divided Congress could keep deficit in check, slowing yield rise: analysts – By William Watts, MarketWatch Stock-market bulls are cheering midterm election results that, as expected, saw Democrats take control of the House and Republicans hold control of the Senate, delivering a split Congress and expectations for legislative gridlock over the remaining two years of President Donald Trump's term....
By Keris Lahiff, CNBC Square heads into its earnings report Wednesday with some healthy year-to-date gains to its name. The payments stock has rallied close to 140 percent since the beginning of 2018. But a rough October lopped off nearly 20 percent from its peak price at the beginning of the month. Its decline looks like a bullish signal to...
By Keris Lahiff, CNBC Square heads into its earnings report Wednesday with some healthy year-to-date gains to its name. The payments stock has rallied close to 140 percent since the beginning of 2018. But a rough October lopped off nearly 20 percent from its peak price at the beginning of the month. Its decline looks like a bullish signal to...
By Stephanie Landsman, CNBC A pair of charts suggests stocks will stage a significant rally, no matter what happens with the midterm elections. According to J.P. Morgan's Jason Hunter, investors could be on the cusp of solid gains following the October correction. "We feel comfortable thinking this is a late-cycle correction and not a bear market," he said Tuesday on...
By Stephanie Landsman, CNBC A pair of charts suggests stocks will stage a significant rally, no matter what happens with the midterm elections. According to J.P. Morgan's Jason Hunter, investors could be on the cusp of solid gains following the October correction. "We feel comfortable thinking this is a late-cycle correction and not a bear market," he said Tuesday on...
By Mark DeCambre, MarketWatch Has the stock market hit rock bottom after a rough October? According to at least one technical analyst, the worst is over for U.S. equity benchmarks after an October that chopped substantial year-to-date gains from the S&P 500 index and the Dow Jones Industrial Average and knocked the Nasdaq Composite Index into correction territory, usually described...
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