Good MorningMeme stocks took center stage in the Wednesday trading session with AMC leading the way soaring 95% prompting several halts in trading for volatility. Bed, Bath & Beyond was up over 62 % and Blackberry spiked up 32% on heavy trading.
The action on the broader market was a bit more muted as stocks rose slightly on with the S&P 500 hovering near an all-time high. All three indexes are close to record levels. The Dow and Nasdaq are 1.4% and 3.2% below their respective records but struggled for direction ahead of key economic data reports later this week.
Energy stocks again outperformed the broader market on Wednesday as crude prices continued their recent rebound.
Inflation fears, and the ways in which the Federal Reserve might respond, have weighed on sentiment recently. Look for more of the same on Thursday. The U.S. likely added 671,000 non-farm payrolls in May, up from 266,000 jobs added in the previous month, according to economists polled by Dow Jones. After a huge miss, last month on the jobs reports the market is signaling a wait and see position this month. Featured: Two Powerful Stocks + One Killer Options Strategy (NetPicks) 
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Tech | | | Shares advanced in Asia on Thursday after a day of modest gains on Wall Street, led by buying of energy and technology stocks. Oil prices also rose.
Benchmarks rose in Tokyo, Sydney and Seoul but fell in Hong Kong and Shanghai. Other regional markets were higher.
In a ... Read the Full Story |
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Stocks | | | But as equity markets, in general, turn higher after a sluggish few months in the meantime, it looks like there’s a fresh fire being lit underneath stocks that have above average short interest. Here are three that are worth keeping a close eye on Read the Full Story |
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Markets | | | European shares are lower after a mixed session in Asia, with benchmarks falling in Paris, London and Hong Kong while Tokyo and Seoul advanced.
In a quiet news week, investors are watching for a U.S. Labor Department report on Friday that economists forecast will show employers added ... Read the Full Story |
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Markets | | | Retail department store chain Kohl’s Corporation (NYSE: KSS) stock recently collapsed in reaction to its blow out Q1 2021 earnings results providing prudent investors an opportunity to reload shares. Read the Full Story |
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Politics | | | Fifteen more COVID-19 cases have been reported in the southern Chinese province of Guangzhou, with a report saying the coronavirus variant in the latest outbreak is more transmissible than in previous clusters in the country Read the Full Story |
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Politics | | | LOS ANGELES — The state of California has agreed to pay more than $2 million in legal fees in a settlement with churches that challenged pandemic closure orders.
Church lawyers who successfully took their appeal to the U.S. Supreme Court said Wednesday that the state has agreed not t... Read the Full Story |
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Tech | | | The world's largest meat processing company has resumed most production after a weekend cyberattack, but experts say the vulnerabilities exposed by this attack and others are far from resolved.
In a statement late Wednesday, the FBI attributed the attack on Brazil-based meat processor... Read the Full Story |
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Markets | | | DexCom (NASDAQ: DXCM), which makes glucose monitoring systems, is still slogging through a correction that began in August.
Does that mean the stock is best ignored for now, or does it deserve a place on a watch list, so you’re ready when a new uptrend gets underway?
To answer that que... Read the Full Story |
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Markets | | |
Play and entertainment products maker Hasbro, Inc. (NYSE: HAS) shares have been basing in a tightening range throughout 2021 while still trading below pre-COVID levels. As markets look past the pandemic and reopenings continue to accelerate, Hasbro’s key growth driver in a post-pandemic era ... Read the Full Story |
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Markets | | |
Think you're totally behind in the college game? Good news: You can still save for college even if your teen will officially become part of the high school crowd in the fall. You still have time on your side!
Take a look at the following benefits for planning ahead for college and the steps you c... Read the Full Story |
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