U.S. stocks finished slightly lower Thursday as investors contended with higher bond yields and the threat of inflation given expectations for the the economy to recover quickly later this year.
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses.
A prominent stock-market analyst throws in the towel as the S&P 500 index nears his end-of-decade target with “eight-and-a-half years to go,” writing that he now agrees with colleagues that the U.S. benchmark could hit 8,000 by 2030.
.U.S. stocks edge lower Tuesday as investors contend with threat of inflation and higher bond yields, precipitated by expectations for the economy to recover quickly later this year.
Wall Street on Tuesday may be seeing muted action but investors were still buzzing about the highly leveraged wrongway bet reportedly employed by Bill Hwang’s Archegos Capital Management, which may have saddled many banks with multibillion-dollar losses.
Streaming giant Netflix Inc. believes it can reach net zero emissions as soon as the end of next year. Netflix’s carbon footprint reached 1.1 million metric tons last year. That roughly equals the footprint of a town with 150,000 homes.
The developer of the popular “Fortnite” videogame said on Tuesday that it had filed a complaint with the U.K.’s Competition and Markets Authority amid the regulator’s investigation into Apple for suspected anticompetitive behavior.
Technically speaking, the S&P 500 has sustained a reversal from major support, rising to challenge record highs, and within striking distance of the marquee 4,000 mark, writes Michael Ashbaugh.
The head of the Centers for Disease Control and Prevention made an emotional plea with the American public on Monday, describing her sense of “impending doom” as she urged people not to let their guard down as COVID-19 cases are on the rise again.
Just more than half the population of England now has antibodies against coronavirus, a key development showing the impact of the vaccination drive against the COVID-19 pandemic.
U.S. consumer confidence surged in March to a one-year high as more Americans got vaccinated and the government doled out $1,400 stimulus checks in a boost to the economy. The index of consumer confidence shot up to 109.7 this month from a revised 90.4 in February.
Oxford Nanopore said it has started preparing for a potential initial public offering, which could value the U.K.-based biotech revolutionizing DNA sequencing at more than £2 billion ($3 billion).
Gold futures are hit Tuesday by rising bond yields and strength in the U.S. dollar, with coronavirus vaccine rollouts lifting expectations for higher inflation as economies recover, particularly in the U.S.