Good MorningThe market selloff gained momentum on Monday with the S&P 500 falling below the 30-day EMA and approaching the lowest levels in over two weeks. If the index continues to fall and breaks below the 4,500 level, a move down to 4,300 is the most likely scenario.
The selling is due to the combined impacts of COVID-19 and Joe Biden’s agenda falling apart. On the one hand, the Omicron variant threatens to bring the global supply chain to a standstill while on the other, Biden’s failure in getting his agenda through Congress is weighing on the GDP outlook. In both cases, the growth of S&P 500 earnings is in question and that is never a good thing for the stock market. If the market is forced to re-evaluate the outlook for S&P 500 earnings growth and lower the estimates the index could fall well below the 4,300 level as well. Featured: Trump Knows Exactly What He's Doing (Ad) 
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Politics | | | Stocks on Wall Street added to their recent string of losses Monday, joining a worldwide slump by financial markets amid worries about how badly the omicron variant, inflation and other forces will hit the economy.
The S&P 500 fell 1.1% for its third straight drop. The decline fol... Read the Full Story |
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Politics | | | Stocks on Wall Street added to their recent string of losses Monday, joining a worldwide slump by financial markets amid worries about how badly the omicron variant, inflation and other forces will hit the economy.
The S&P 500 fell 1.1% for its third straight drop. The decline fol... Read the Full Story |
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Politics | | | Wall Street is joining a worldwide slump for financial markets on Monday amid worries about how badly the omicron variant, inflation and other forces will hit the economy.
The S&P 500 was 1.2% lower in afternoon trading, following up on similar drops across Europe and Asia. Stocks... Read the Full Story |
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Markets | | | Asian shares bounced back Tuesday from a worldwide slump in financial markets spurred by worries about how badly the omicron variant, inflation and other forces will hit the world economy.
Tokyo gained more than 2% and other benchmarks in Asia also were higher.
Much of... Read the Full Story |
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Politics | | | World shares bounced back Tuesday from a sell-off a day earlier spurred by worries about how badly the omicron variant, inflation and other forces will hit the world economy.
Markets in Europe and Asia rose and U.S. futures were higher. Oil prices also advanced.
Much ... Read the Full Story |
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Stocks | | | Sustainable shoemaker Allbirds went public in early November. It's in its post-IPO correction, but it's worth watching as the company opens more stores and plans to aggressively grow revenue in the coming months. Read the Full Story |
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Markets | | | There’s a good chance that some of the beaten-up stocks from 2021 will have a revival of sorts in January and beyond, as investors try to generate alpha from areas of the market that offer intriguing risk to reward profiles.
Read the Full Story |
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Markets | | | Shares of medical-records software maker Cerner (NASDAQ: CERN) were trading higher again Monday, following news last week that database software giant Oracle (NYSE: ORCL) agreed to acquire Cerner for around $28.3 billion.
Cerner shares vaulted 12.93% Friday on rumors of the deal, which was formally... Read the Full Story |
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Markets | | |
Outdoors sporting goods retailer Sportsman’s Warehouse (NASDAQ: SPWH) stock plunged on the announcement of the termination of its acquisition by Great Outdoors for $18 per share. The retail reopening trend has run its course with most people taking on second COVID-19 booster vaccinations. Fi... Read the Full Story |
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Stocks | | |
Do you plan to make great strides in your retirement savings in 2022? Knowing exactly how to execute the right strategy for your retirement plan can seem daunting, but considering various strategies can give you a great start for next year.
Let's walk through several strategic tips you can ... Read the Full Story |
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