Good MorningUp one day and down the next, the major indices posted their biggest declines in months on Wednesday due to rising bond yields. The S&P 500 was down more than 2.6% at the low of the day with the NASDAQ leading and the Dow Jones lagging. The tech-heavy NASDAQ Composite fell more than 3.6% and is now down more than 7.0% from the high. Because bearish momentum on the rise it seems like a move lower will come sooner than a move to new all-time highs.
In bond news, the yield on the 10-year treasury made its largest single-day gain in months peaking out just above 1.65%. The rise in bond yields is bullish in that it suggests economic conditions are improving. The market moved lower, however, as risk-averse investors take money off the table and park it in what are now comparably yielding and much safer U.S. treasuries. The average yield for S&P 500 stocks is about 1.45%.
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Tech | | | Asian shares skidded Friday, with Tokyo's benchmark dropping 4% after rising bond yields triggered a broad sell-off on Wall Street that handed the Nasdaq composite index its steepest one-day loss since October.
Tokyo, Hong Kong and Sydney all fell 2% or more in early trading Friday.
... Read the Full Story |
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Tech | | | Shares skidded Friday in Europe and Asia but U.S. futures turned higher after a rout in technology companies pulled the Nasdaq 3.5% lower in the steepest loss for the tech-heavy index since October.
Tokyo's Nikkei 225 index, which recently surpassed 30-year highs, sank 4% to 28,966.0... Read the Full Story |
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Stocks | | | If you are interested in adding aerospace stocks to your investment plans, it is crucial to be very selective about the companies you add. That’s why we’ve put together a list of 3 aerospace stocks set to fly in 2021 Read the Full Story |
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Markets | | |
After underperforming in 2020, U.S. small-cap stocks have taken the leadership reins in the early going of 2021. With the S&P 600 up almost 19% year-to-date compared to 4% for the S&P 500, investors are piling into small caps on expectations of a strong economic recovery.
While small-cap ... Read the Full Story |
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Politics | | | Violet light bathed the club stage as 300 people, masked and socially distanced, erupted in gentle applause. For the first time since the pandemic began, Israeli musician Aviv Geffen stepped to his electric piano and began to play for an audience seated right in front of him.
“A mirac... Read the Full Story |
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Tech | | | A crisis over the supply of medical oxygen for coronavirus patients has struck nations in Africa and Latin America, where warnings went unheeded at the start of the pandemic and doctors say the shortage has led to unnecessary deaths.
It takes about 12 weeks to install a hospital oxyge... Read the Full Story |
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Politics | | | South Korea has administered its first coronavirus vaccines to people at long-term care facilities, launching a mass immunization campaign that authorities hope will restore some level of normalcy by the end of the year Read the Full Story |
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Markets | | | Let me start by saying that Guardion Health Sciences (NASDAQ:GSHI) is one of the riskiest penny stocks you can buy. The company is a biotech/neutraceutical company that has been trading below $1 for the better part of 18 months Read the Full Story |
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Markets | | |
Churchill Downs (NASDAQ:CHDN) stock hit a record high share price the day before it released fourth quarter and full year 2020 earnings. But shares of CHDN stock have dropped over 7% in late afternoon trading after the release.
The company missed earnings per share estimates by 8 cents and revenu... Read the Full Story |
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Markets | | |
Coinbase Is Fundamental To The Crypto-Sphere
With its exposure to the consumer, fintech, cryptocurrency, defi, and the IPO market, Coinbase (tokenized stock:CBSE) might be the hottest ticket on the market today. The company has already listed its shares on the NASDAQ Private Market and is expecte... Read the Full Story |
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The Early Bird Stock Of The Day Crescent Capital BDC, Inc. is as a business development company private equity / buyouts and loan fund. It specializes in directly investing. It specializes in middle market. The fund seeks to invest in United States. | | View Today's Stock Pick |
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