Mutual funds grabbed stocks as market tanked in December

Investors in a headline-driven market? TJM Investments’ Timothy Anderson, The Price Futures Group’s Phil Flynn and Third AG Marketing’s Chris Robinson discuss how U.S.-China trade optimism is affecting the stock market and why people should have invested in the S&P 500 a day after Christmas. U.S. mutual fund investors definitely got a scare in December as stocks experienced some of […]

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Strong bank earnings send Wall Street to four-week highs

NEW YORK (Reuters) – Wall Street’s major indexes hit one-month highs on Wednesday as upbeat earnings from Bank of America Corp (BAC.N) and Goldman Sachs Group Inc (GS.N) boosted investor sentiment. Goldman Sachs shares surged 9.1 percent, providing the greatest boost to the Dow, after the bank reported quarterly revenue and earnings that topped estimates. The shares were on pace […]

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Stocks rise on optimism about China-US trade negotiations

Stocks a buy despite trade tensions, partial government shutdown headlines? MAXfunds.com co-founder Jonas Ferris on the outlook for stocks and concerns of a potential recession. U.S. stocks on Friday are continuing a rally that started Thursday afternoon on word that the U.S. may ease tariffs on China. Continue Reading Below There is also a report that China’s vice premier will […]

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Stocks Climb Off Worst Levels But Remain Modestly Lower – U.S. Commentary

After coming under pressure early in the session, stocks have regained ground over the course of the trading day on Friday. The major averages have climbed well off their worst levels of the day but remain in negative territory. Currently, the major averages are posting modest losses. The Dow is down 61.32 points or 0.3 percent at 23,940.60, the Nasdaq […]

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Weak Morgan Stanley results, trade worries to pull Wall St. lower at open

(Reuters) – Wall Street’s main indexes were set to retreat from one-month highs on Thursday, hit by Morgan Stanley’s weak results and renewed concerns over the progress of Sino-U.S. trade talks. Shares of the Wall Street investment bank (MS.N) tumbled 4.3 percent after reporting a lower-than-expected quarterly profit as increased volatility at the end of the fourth quarter hurt its […]

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Gains in Goldman, BofA drive Wall Street to four-week high

(Reuters) – Bank stocks drove Wall Street to a one-month high on Wednesday after strong earnings from Bank of America and Goldman Sachs, with a multi-billion dollar deal in the fintech sector adding to the boost. Goldman Sachs (GS.N) climbed 5.1 percent after topping quarterly revenue estimates on strength in equity trading, while Bank of America Corp (BAC.N) jumped 5.4 […]

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