Dow jumps 400 points as lawmakers reach deal on debt ceiling

Stocks rallied on Thursday as lawmakers reached a deal to increase the debt ceiling in the short-term, according to Senate Majority Leader Chuck Schumer. Stocks hit their highs of the session as Schumer announced on the Senate floor news of the compromise, which will avoid an unprecedented debt default for now. The Dow Jones Industrial… Continue reading Dow jumps 400 points as lawmakers reach deal on debt ceiling

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Stocks making the biggest moves in the premarket: Alphabet, Tesla, Gores Guggenheim and more

Alphabet (GOOGL) – Alphabet’s Google unit will cut the commissions it collects on third-party software sales in its Cloud Marketplace. That’s according to a person familiar with the matter who spoke to CNBC, who said Google will now collect just 3% of sales compared to the prior 20%. Tesla (TSLA) – Tesla rolled out a… Continue reading Stocks making the biggest moves in the premarket: Alphabet, Tesla, Gores Guggenheim and more

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Stocks face another turbulent week as the third quarter winds down

After recent turbulence, markets are likely to close out the final week of the third quarter with another bout of volatility. Stocks posted big moves in the past week. First, fears of financial contagion coming from Chinese developer Evergrande sent stocks skidding Monday. Those losses were reversed by Thursday, when the market ripped higher. The… Continue reading Stocks face another turbulent week as the third quarter winds down

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Stocks will break out of trouble and hit new record highs, market bull Tony Dwyer predicts

A significant buying opportunity may be unfolding on Wall Street. Canaccord Genuity’s Tony Dwyer believes a record rally will follow the recent market turmoil. “We’re going to move from this summer of indigestion into the year-end opportunity,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Tuesday. “We’re just not quite there yet.” The… Continue reading Stocks will break out of trouble and hit new record highs, market bull Tony Dwyer predicts

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Dow slips more than 150 points as investors brace for more September volatility

Stocks dipped on Friday as investors remain cautious due to a resurgent Covid virus, a Federal Reserve meeting next week and a historical tendency for September to be a weak month for equities. The Dow Jones Industrial Average lost about 170 points or 0.5%, dragged down by a 3% drop in Dow Inc. The S&P… Continue reading Dow slips more than 150 points as investors brace for more September volatility

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Stocks making the biggest moves in the premarket: Oracle, Angi, Herbalife Nutrition and more

Stocks expected to open higher after S&P 500 wrapped positive MondayTake a look at some of the biggest movers in the premarket: Oracle (ORCL) – Oracle reported quarterly earnings of $1.03 per share, 6 cents a share above consensus estimates. The business software giant’s revenue fell short of forecasts, however, amid increasing cloud computing competition.… Continue reading Stocks making the biggest moves in the premarket: Oracle, Angi, Herbalife Nutrition and more

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Stocks making the biggest moves premarket: Big Lots, Hibbett Sports, Peloton, Gap and others

Big Lots (BIG) – The discount retailer’s shares tumbled 9.5% in premarket trading after it missed top and bottom-line estimates for its latest quarter. Big Lots earned $1.09 per share, 3 cents shy of analyst forecasts, and its comparable store sales slid a greater-than-expected 13.2%. The company also said it was hit by supply chain… Continue reading Stocks making the biggest moves premarket: Big Lots, Hibbett Sports, Peloton, Gap and others

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Stocks making the biggest moves in the premarket: Best Buy, Palo Alto Networks, Camping World and more

Best Buy (BBY) – Best Buy shares rallied 4.3% in the premarket after the electronics retailer beat estimates on the top and bottom lines for the second quarter. Best Buy earned $2.98 per share, compared to a $1.85 a share. consensus estimate. Comparable-store sales rose a better-than-expected 19.6%. Palo Alto Networks (PANW) – Palo Alto… Continue reading Stocks making the biggest moves in the premarket: Best Buy, Palo Alto Networks, Camping World and more

These taper-tolerant stocks should do well even if the Fed removes stimulus, traders say

Stocks are coming off a losing week after fears the Federal Reserve could remove stimulus as soon as this year rattled investors. A big part of the S&P 500′s moves back to record highs since its coronavirus pandemic low has been attributed to an easing central bank and an abundance of money in the market.… Continue reading These taper-tolerant stocks should do well even if the Fed removes stimulus, traders say