Google parent Alphabet Inc. shares broke with the broader market Friday, closing higher after the tech giant blew past Wall Street estimates with a return to revenue growth and a promise to be more transparent about cloud profitability.
An “enormous” bubble in tech stocks likely popped in September, putting the top in the market, hedge-fund manager David Einhorn warned in a letter to investors.
The S&P 500 index on Friday closed below its July 31 finish, a move that turns the “Presidential Predictor” in favor of a victory by Democratic challenger Joe Biden over President Donald Trump in the Nov. 3 election.
The S&P 500 index on Friday closed below its July 31 finish, a move that turns the “Presidential Predictor” in favor of a victory by Democratic challenger Joe Biden over President Donald Trump in the Nov. 3 election.
Facebook Inc. shares were taking a drubbing Friday after the social network announced record revenue but threw some serious shade about its prospects in 2021. Regulation, a slip in usage in U.S. and Canada, and intensifying ad competition are among the worries.
The U.S. death toll from the coronavirus illness COVID-19 headed toward 229,000 on Friday and cases edged toward 9 million, with infections climbing in all swing states just days ahead of the presidential election.
A measure of consumer confidence rose in late October to a new pandemic high, largely reflecting growing optimism among Democrats that Joe Biden will win the presidential election.
The S&P 500 index is on track to close below its July 31 finish, a move that would turn the “Presidential Predictor” in favor of a victory by Democratic challenger Joe Biden over President Donald Trump on Tuesday.
A win for Joe Biden in the presidential election is likely to be beneficial for European stocks, strategists said, with a number of sectors set to stand out.