Rivian’s stock started Friday’s premarket session with a bounce after the EV maker’s convertible debt offering price, but it soon reversed into the red.
The Federal Reserve may soon start talking about cutting interest rates, while investors should look to reduce risk in their portfolios says Saxo Bank.
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.