The strong finish to the week wasn't enough to offset the even-bigger selloff suffered on Tuesday and Wednesday. All told, the S&P 500 tumbled nearly 0.6%, seemingly feeling the weight of a rally that began all the way back in March of last year. And yet, the rally ultimately remains intact. The bulls pushed back when and where they absolutely...
The strong finish to the week wasn't enough to offset the even-bigger selloff suffered on Tuesday and Wednesday. All told, the S&P 500 tumbled nearly 0.6%, seemingly feeling the weight of a rally that began all the way back in March of last year. And yet, the rally ultimately remains intact. The bulls pushed back when and where they absolutely...
By Ernestine Siu, CNBC Travel stocks have taken a hit this week as fears over the delta variant grow. As of Thursday's close, hotel stocks such as Hyatt, Hilton, Marriott and InterContinental were on track for weekly losses as steep as 4%, far wider than the 1% drop for the S&P 500. Those names were also under pressure after the...
By Ernestine Siu, CNBC Travel stocks have taken a hit this week as fears over the delta variant grow. As of Thursday's close, hotel stocks such as Hyatt, Hilton, Marriott and InterContinental were on track for weekly losses as steep as 4%, far wider than the 1% drop for the S&P 500. Those names were also under pressure after the...
By Lizzy Gurdus, CNBC Tesla's recent declines are taking the stock to treacherous territory, one trader warns. Shares of the electric vehicle manufacturer fell nearly 3% to $665.71 on Tuesday after the National Highway Traffic Safety Administration launched a probe into the safety of its Autopilot program. That puts the stock near a "critical" level on the charts, MKM Partners...
In the grand scheme of things, Wednesday's 1.0% setback isn't the end of the world; the market's certainly survived (and even shrugged off) worse. Given the context and underlying details of the modest pullback though, it's something to note. But, first things first. As a trader, you should be wary of making the same cause-effect assumptions the media likes to...
In the grand scheme of things, Wednesday's 1.0% setback isn't the end of the world; the market's certainly survived (and even shrugged off) worse. Given the context and underlying details of the modest pullback though, it's something to note. But, first things first. As a trader, you should be wary of making the same cause-effect assumptions the media likes to...
— Just bear in mind that the market's not suffered any damage yet that it can't shrug off to rekindle the uptrend — We've seen the market stumble more than once since last March's low. But, each time it's been able to pick itself back up before things got too bad. This time, however, could be different. There are a...
— Just bear in mind that the market's not suffered any damage yet that it can't shrug off to rekindle the uptrend — We've seen the market stumble more than once since last March's low. But, each time it's been able to pick itself back up before things got too bad. This time, however, could be different. There are a...
By Keris Lahiff, CNBC Retail is in full focus this week. In earnings reports Tuesday morning, Walmart and Home Depot beat estimates. Major players such as Target, Kohl's, Macy's and Foot Locker will release results in coming days. July retail sales are also out Tuesday. All that data should reveal whether pent-up demand from the consumer was enough to overshadow...
