The Dow Jones staged a comeback today after Tuesday’s late-session collapse. Tech bulls returned, helping Apple and Microsoft lead the U.S. stock market higher. U.S. CPI beat expectations, suggesting the global recovery remains on track. The Dow Jones rallied today after a late-session collapse wiped out the index’s gains on Tuesday. As of 3:03 pm…
Unlike most sectors, edtech has been booming over the last few months. Flashcards startup Quizlet is now a unicorn, digital textbook company Top Hat is finding unprecedented surges in usage and student success business Edsights raised nearly $2 million from high-profile investors, all from inbound interest. Investors are so confident that homeschooling might become a…
The 2-year Treasury bond yield hit a record low Friday. But stock market benchmarks climbed higher at the same time. Here’s what may have happened in the bond market this week. The 2-year Treasury bond yield hit a record low of 0.105% Friday. Capital fled for safety in bonds after the Bureau of Labor Statistics…
Gold just had its best month since last August. But three converging factors point to a possible crash ahead. Central bank selling, deflation, and stabilizing oil prices all present grave threats to goldbugs. The gold price surged in April, posting its best month since August 2019. Unprecedented central bank and fiscal stimulus unleashed a flood…
The Dow Jones surged on Wednesday despite a miserable first-quarter GDP reading. Fed Chair Jerome Powell made the stunning admission that central bank actions were supporting financial markets. Coronavirus treatment optimism boosted sentiment as Gilead Sciences and Dr. Anthony Fauci voiced optimism about the remdesivir drug. The stock market shrugged off a miserable first-quarter GDP…
The Dow Jones continues to march back toward its pre-coronavirus levels. But Goldman Sachs warns that the index’s most important stock may be primed for a severe sell-off. Will the DJIA recovery be able to survive the impending downward pressure? The Dow Jones Industrial Average zipped higher on Friday, basking in the hope that coronavirus…
The Dow Jones marched toward impressive gains on Tuesday. Apple stock powered the index after its Chinese iPhone shipments surprised investors. Despite the stock market rally, analysts remain concerned about a dead-cat bounce. The Dow Jones rallied on Tuesday, thanks in large part to Apple’s tremendous 5% rally that followed the release of impressive Chinese…
The Dow Jones is surging toward a gain of more than 1,000 points on Monday. Investors are cheering the rally, but today’s move doesn’t mean the stock market has found a bottom. In fact, history suggests the opposite. The Dow Jones Industrial Average (DJIA) surged to mammoth gains on Monday, inciting another round of speculation…
Gold’s price has recovered from a short-term drop to $1,450 in early November, casting doubts about the sustainability of the stock rally. Gold’s price is on the rise despite record high numbers from the U.S. stock market. Up until the third quarter, gold was considered overbought based on some technical indicators. Stability in the market…
