Micron’s stock boosts chip rally after upgrade, analysts’ comments at CES

Chip-maker stocks finished higher Wednesday after one analyst upgraded Micron Technology Inc. and other analysts gave their roundups on other companies at the annual CES tech confab in Las Vegas. The PHLX Semiconductor Index SOX, +2.52% rallied 2.5% Wednesday, outpacing broader index gains as the Dow Jones Industrial Average DJIA, +0.39% and the S&P 500 SPX, +0.41% both advanced 0.4%, and the tech-heavy […]

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Stocks surge after robust jobs report and dovish Powell remarks

U.S. stocks surged higher on Friday, buoyed by a better-than-expected jobs report for December and dovishly interpreted remarks by the chairman of the Federal Reserve. The Dow Jones Industrial Average DJIA, +3.29% climbed more than 700 points, or 3.3%, the S&P 500 SPX, +3.43% finished up 3.4% and the Nasdaq Composite COMP, +4.26% was the best-performing major index, closing up […]

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If this is a ‘proper’ bear market, stocks ‘are only at the beginning of the selloff’: SocGen

There’s been a lot of handwringing over the stock market’s ugly finish to 2018, but a true bear market would likely mean much more pain is ahead for investors in 2019, according to data compiled by Société Générale. In a Wednesday note, Andrew Lapthorne, head of quantitative equity research at Société Générale, said that while investors are fixated on stock […]

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Watch this level on the S&P 500 to judge whether the bear market will end or accelerate

Do you know what the 1987, 1990 and 2016 bear markets have in common? The S&P 500SPX, -1.46%  stopped and reversed at the four-year average. Do you know what the 2001 and 2008 bear markets have in common? The S&P accelerated lower once the four-year average was breached. Do you know where the December 2018 plunge stopped? At the four-year […]

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Why pension funds may be driving the stock market’s post-Christmas bounce

Beleaguered investors may want to thank pension funds for the stock market’s biggest daily jump in nine years on Wednesday, which helped set the stage for Wall Street’s first weekly gain in an otherwise gloomy December. Strategists at Wells Fargo said that the market’s last-gasp rally this week may have been driven by buying from pension funds who needed to […]

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Stock-market investors fear ‘wicked bear trap’ after historic one-day rebound

The biggest day-after-Christmas rally in stock-market history wasn’t enough to convince investors that Wall Street has seen the worst of a year-end selloff that’s threatened to end the second-longest bull market. In fact, it might have done the opposite. The Dow Jones Industrial Average DJIA, -1.90% was trading sharply lower Thursday, giving back a chunk of Wednesday’s 1,086-point rally, a gain […]

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Mnuchin thinks there’s a simple reason the Dow is poised for its worst December since 1931

Treasury Secretary Steven Mnuchin has weighed and measured the recent destruction that put the Dow Jones Industrial Average on track for its worst December since 1931, and he appears to have drawn his own conclusions as to the impetus. Mnuchin during a Tuesday interview with Bloomberg News in Washington said that the effect of the financial-crisis-era Volcker rule and high-frequency […]

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Trump implores Fed to ‘feel the market’ before it makes ‘yet another mistake’

Read the room! That is what President Donald Trump is imploring the Federal Reserve to do after the Dow Jones Industrial Average slumped more than 1,000 points over the past two sessions. The 45th president’s second Fed-directed tweet in two days comes just as the Jerome Powell-led central bank is preparing to commence its last — and arguably most important […]

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