In Asia, Hong Kong’s Hang Seng Index (HSI) sank as much as 5% in morning trading. It was last down 3.4%, on track to log its worst daily drop in seven months. Japan’s Nikkei 225 (N225) tumbled 3.6%. South Korea’s Kospi (KOSPI) dropped 2.5%. China’s Shanghai Composite (SHCOMP) lost 1%. […]
Stocks
Premarket stocks: Why shares of homebuilders just plunged
But it’s not the only sector to take a beating. What’s happening: Shares of US homebuilders including Toll Brothers (TOL), Lennar (LEN) and PulteGroup (PHM) were among the biggest losers on Friday. The iShares US Home Construction exchange-traded fund fell 4.5% and finished the week 9% lower. Shares of these […]
Global stocks drop after a rough day on Wall Street
Some markets in Asia fell sharply, with Japan’s benchmark Nikkei (N225) and Australia’s S&P/ASX 200 sliding 2.9% and 2.7%, respectively. South Korea’s Kospi (KOSPI) slid 1.1%. Stocks in China were flat. European stocks fell at the open. In afternoon trading, France’s CAC 40 (CAC40) was down 1.3%, while Germany’s DAX […]
Stocks week ahead: Can the stock market’s momentum continue into 2022?
Wall Street certainly thinks so. Jonathan Golub, chief US equity strategist at Credit Suisse, predicts that the S&P 500 will rise to 5,200, roughly 9% above where it finished 2021. That would mark a healthy gain, though it pales in comparison to the index’s 27% climb over the past 12 […]
Stocks week ahead: The year Reddit and meme stocks changed Wall Street forever
Around mid-January, shares of GameStop (GME) — a brick-and-mortar retailer that most analysts expected to go the way of Blockbuster — began surging, fueled by a pile-on of day traders from the WallStreetBets forum on Reddit. They were doubling, tripling, their positions by the day, chanting “diamond hands,” and “to […]
Premarket: These 5 stocks are driving the market
What’s happening: According to new research from Goldman Sachs, just five companies — Microsoft (MSFT), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA) and Google parent Alphabet (GOOGL) — have contributed 51% of S&P 500 returns since April. Going back to the beginning of the year, they account for more than a […]
Premarket stocks: Should retailers like Kohl’s break themselves up?
“The public market is not appreciating Kohl’s in its current form,” Engine Capital, an activist fund, said in a letter to Kohl’s board of directors published Monday. “There is no excuse for the Board to cling to the status quo.” The firm, which has built up a 1% stake in […]
Stocks week ahead: Small companies are getting crushed
The Russell 2000 (RUT) index, home to companies like Crocs (CROX), BJ’s Wholesale (BJ) and others with an average market valuation of about $3 billion, is now trading more than 10% below its 52-week high. That means it’s in a so-called correction. An iShares exchange-traded fund of microcap stocks (IWC) […]
Premarket stocks: The Fed’s high-wire act just got even more perilous
What’s happening: Stocks fell sharply on Tuesday after Fed Chair Jerome Powell told Congress that plans to taper asset purchases by $15 billion each month may no longer be appropriate, and the central bank may need to move quicker. The S&P 500 and Dow both closed down 1.9%, while the […]
Premarket stocks: Investors want Omicron answers. They won’t get them yet
“We have to go through a couple of weeks yet of uncertainty,” Dr. Paul Burton, the chief medical officer for Moderna, told CNN’s Paula Reid on Sunday. The raft of unknowns spooked financial markets on Friday, when the Dow plummeted 905 points, or 2.5%, logging its worst day in over […]