Reuters LONDON – Oil prices rose on Wednesday as the market awaited a pact from producers on output, which many traders expect will continue to be reined in, and Britain’s approval of a COVID-19 vaccine gave hopes for a demand recovery a boost. Prices were hit earlier by a surprise build in oil inventories in the United States and as
Reuters Wall Street stocks fell on Monday as investors took profits after a sharp rally that has put the benchmark S&P 500 index on course for its best November ever. All 11 major S&P 500 sectors fell, with the energy index leading losses with a 3.5% decline, tracking a drop in crude prices. [O/R] Microsoft Corp dipped 1.3% and weighed
CNBC Big-money investors are growing more excited about the stock market as the U.S. election results keep rolling in. CNBC’s Scott Wapner spoke with some major investors who told him we could be on the cusp of a great scenario for stocks as former Vice President Joe Biden leads President Donald Trump and Republicans are expected to keep control of the
CNBC How is Wall Street positioned for the election? Even Wall Street isn’t sure. For most of October, “buy the stimulus trade” was the main idea on Wall Street. After all, polls showed odds were good for a Biden victory that would likely entail some kind of large-scale stimulus. Investors were buying small-cap stocks, infrastructure plays and alternative energy sectors like
CNBC CFRA’s Sam Stovall acknowledges the market may feel like a rollercoaster over the next few weeks. But he believes any damage should be contained to November regardless of who wins the presidency. “Investors say ‘okay, usually by then we know who the president is, now we can try to organize our portfolios and our mindsets for the year ahead,’”
Fox Business Stocks extended losses on Wednesday as COVID-19 lockdown fears gripped investors across the globe. Oil slipped nearly 6% to the $37 per barrel level. The Dow Jones Industrial Average dropped over 900 points or 3%, before bouncing off that low, while the Nasdaq Composite and S&P 500 declined more than 3%. Both the S&P 500 and Nasdaq are now negative for the
Fox Business Investors are having second thoughts about which election outcome may be best for the financial markets, according to JPMorgan. Wall Street, which typically likes gridlock in Congress since it thwarts major regulatory changes, now fears a Democratic and Republican split will delay stimulus efforts the economy badly needs. A Biden victory and Republicans retaining the Senate was previously thought of as
Fox Business Big money investors have over the last six months poured cash into the markets at the fastest pace in 17 years as they fretted over COVID-19 and the upcoming presidential election, according to a new survey from Bank of America. Cash holdings fell to 4.4% in October, down from 4.8% in September, and have now dropped 1.5 percentage
CNBC Stocks clawed back some of the steep losses that followed President Donald Trump’s coronavirus diagnosis after House Speaker Nancy Pelosi signaled aid for the airline industry could be coming soon, perhaps even as part of a much-anticipated broad relief bill. The Dow Jones Industrial Average was down more than 400 points at one point after Trump said he tested
CNBC The October market story is really complicated. If you thought September was confusing, October is not likely to be any better, and it could be significantly rockier. That’s because the “buckets” that have moved markets on various days in the past few months are all potentially in play: Elections: Uncertainty over whether there will be a winner on election
CNBC Asset prices could be on the cusp of a sharp collapse known as a “Minsky moment,” and may retest lows last seen in March, according to Ron William, market strategist and founder of RW Advisory. Markets have experienced a broad bullish period in recent months as investors bet on further stimulus from governments and central banks, and the prospect
Reuters Wall Street’s S&P 500 and Dow Jones indexes fell on Tuesday, while the tech-heavy Nasdaq hit a record high for the third straight session, as investors eyed this week’s Federal Reserve meeting for signs on how it views a restarting economy. The S&P 1500 airlines index tumbled 7.3%, while cruise operators Carnival Corp and Norwegian Cruise Line Holdings Ltd
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