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What Dow 29,000 Does (And Doesn't) Mean For Investors
Friday, January 10, 2020 - 1:07pm | 523Investors have gotten used to new market milestones in the past couple of years, and the Dow Jones Industrial Average hit another big one on Friday when it topped 29,000 for the first time ever. Less than two months after it hit 28,000 for the first time and only six months after it first reached...
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Sell In May? This Data Says Not So Fast
Monday, May 6, 2019 - 8:00am | 661Every year on May 1, the phrase “sell in May and go away” starts trending on Wall Street. With the S&P 500 up 17 percent year-to-date, traders are taking a close look at whether or not they should take the next six months off from the stock market. What Is Sell In May? The basis...
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Uber IPO Roadshow Set For Next Month
Monday, March 18, 2019 - 12:02pm | 735Uber is planning on following competitor Lyft in launching a road show ahead of a potential IPO in the coming weeks, Reuters reported Thursday. Sources familiar with the situation said Uber is planning to publicly file its required S-1 disclosure sometime in April. What Is A Roadshow? An IPO...
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CIO: The 'Confidence' In The Bull Market Is Over
Sunday, April 8, 2018 - 1:37pm | 925After stellar runs in both 2016 and 2017, the equity markets showed fatigue at the start of 2018. The S&P 500 Index and the Dow Jones Industrial Average ended the first quarter down 1.22 percent and 2.49 percent, respectively, while the Nasdaq Composite Index eked out a moderate gain of 2.32...
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Is A June Rate Hike Good News For U.S. Stocks?
Wednesday, May 25, 2016 - 12:39pm | 402The most recent FOMC minutes painted an unexpectedly hawkish picture, implying that the next Fed rate hike could come as soon as June. Following the release, Richmond Fed Chair Jeffrey Lacker told Bloomberg that he sees a strong case for a June hike and plans on pushing for a total of four hikes by...