U.S. stocks are suffering from ‘bad breadth’ all year. But over the past month, the situation has gone from dire to extremely dire, underscoring some of the risks that arise when the market becomes too heavily reliant on a handful of megacap stocks.
Ether-futures-based exchange-traded funds may increase institutional adoption of crypto, but are not necessarily beneficial to crypto prices in the medium term.
While the over 11% year-to-date gains for the S&P 500 index show 2023 has been a “good year” for stocks, that hardly tells the whole story, says Jonathan Krinsky, the technical strategist at BTIG.
SmileDirectClub Inc. sank in the extended session Friday after the teeth-straightening company said voluntarily filed for Chapter 11 bankruptcy protection.
The stock-market seasonality has played out almost perfectly in the third quarter of 2023, with both August and September living up to their reputation as brutal months for U.S. stocks. But that seasonal weakness may set up a stock-market rally in the final quarter of the year, said longtime market strategists.