“Recent election surprises in Mexico, India, and the European Union have underscored the volatility that can arise from unforeseen political outcomes,” Principal Asset Management’s Seema Shah said.
Bank stocks gained Monday after Bloomberg News reported that the U.S. Federal Reserve is circulating a lighter version of its proposed capital requirements that have drawn opposition from the industry.
Novo Nordisk on Monday said it will invest $4.1 billion in a new Clayton, N.C., manufacturing facility as it works to meet surging demand for its popular injectable drugs Wegovy and Ozempic.
Recent volatility in Nvidia Corp.’s stock is bringing back memories from the start of this century, when companies like Cisco Systems Inc. and Intel Corp. saw their shares crash and never fully recover after the dot-com bubble burst.