BofA: It could take six months for shares to recover from the sell-off
Bank of America analysts said it could take six months for global stock markets to recover their recent losses. The unwinding of the yen carry trade, in which investors borrow yen at low interest rates to invest in other markets…
Next week on Wall Street: Investors focus on Producer Price Index (PPI), Consumer Price Index (CPI), Walmart earnings
Following last week’s stock market collapse, Wall Street investors’ eyes next week will be on inflation figures scheduled for release on Tuesday and Wednesday: the Producer Price Index and the Consumer Price Index. Other important economic data will also be…
Stock markets rise after surprise drop in unemployment figures
U.S. stocks are nearing their best day since February on Thursday after a better-than-expected unemployment report eased concerns about a slowing economy. The S&P 500 rose 1.8 percent in afternoon trading, a day after an earlier big gain fizzled out…
Stock market today: Indices rise after encouraging labor market data
US stock indices rose sharply on Thursday as new jobless claims data boosted investor confidence. The Dow gained 683 points, while the S&P 500 and Nasdaq rose 2.3 percent and 32.8 percent, respectively. The S&P 500 had its best day…
Nasdaq considers stricter delisting rules for penny stocks
(Reuters) – Nasdaq is proposing changes to its penny stock rules to introduce a faster and stricter delisting process for companies that do not comply with regulations, according to a document posted on the exchange operator’s website on Thursday. Nasdaq…
S&P 500 and Nasdaq rise after labor market data eases concerns about US economy
Mortgage rates fell to their lowest level in over a year, a positive development for the real estate market. The average interest rate on 30-year fixed-rate mortgages fell to 6.47% from 6.73% last week, Freddie Mac reported Thursday. A year…
US stock futures rise as markets expect further recovery
U.S. stock futures were higher early Wednesday as investors looked to build on Tuesday’s rebound that ended a three-day losing streak in major benchmark indices. At around 7:00 a.m. ET, Nasdaq futures (NQ=F) led the markets with gains of as…
