NASDAQ Composite

Former Treasury Secretary Larry Summers issued a stark warning to President Donald Trump, urging the latter to retreat on the taxes, as he did with the tariffs. What Happened: On Wednesday, in a post on X, Summers said the “country risk trade is back,” citing simultaneous selloffs in U....

The Nasdaq Composite broke through the 20,000-point barrier, reaching 20,034 for the first time on Wednesday. The tech-centric index leaped 1.77%, propelled by widespread advances in tech stocks and growing optimism about Federal Reserve rate cuts in 2024. What Happened: The S&P 500 rose by 0....

Renowned economist Peter Schiff underlined Bitcoin’s (CRYPTO: BTC) decoupling from risky assets as the leading currency recorded a sharp decline while stocks surged. What Happened: Schiff took to X on Thursday to comment on the sudden collapse of Bitcoin, which fell over 5% in a short period...

Sentiment around cryptocurrencies and equities has diverged dramatically over the past month, with the former witnessing a sharp drop while the latter flying to new highs.  Indeed, the 30-day correlation of Bitcoin (CRYPTO: BTC) to the Nasdaq Composite and the S&P 500 has dropped to an 8-...

Nvidia Corporation (NASDAQ:NVDA) gained over 6% on Tuesday after losing a staggering $550 billion in market value since Thursday, June 20. The company had become the most valuable on the planet last week when it reached a market capitalization of $3.46 trillion. The artificial-intelligence company...

Deepwater Asset Management's Gene Munster believes we are at the beginning of a multi-year bull run powered by AI that could result in the Nasdaq doubling or tripling from current levels. What To Know: The Nasdaq Composite gained approximately 43% in 2023 and is already off to a strong...

Even as firms seeking approval for a spot Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF) held several rounds of meetings with the U.S. Securities and Exchange Commission (SEC), the discussions have revolved around the model of redemption, hard forks in blockchain...

The Nasdaq Composite closed down more than 1% on the two first trading days of 2024 for the first time since 2005, according to Bespoke Investment Group. Many of 2023’s leaders, including the "Magnificent Seven" mega-cap tech stocks — Alphabet (Google), Amazon, Apple,...

On Tuesday, billionaire investor and Social Capital CEO Chamath Palihapitiya shared his insights on the upcoming index rebalancing of the Nasdaq 100, highlighting the potential implications for the market. What Happened: In his tweet, Palihapitiya pointed out that since January, a select group of...

Overall risk sentiment is picking up after fears of a systemic financial crisis have relaxed. Overnight, First Citizens Bancshares Inc.’s (NASDAQ: FCNCA) announced the buyout of Silicon Valley Bank, easing concerns about the banking sector's stability. Regional bank...

Uncertainty is dominating the market Friday, with renewed concerns over the health of the financial sector. The selloff of Deutsche Bank AG (NYSE: DB) resulted in significant losses for European bank shares, and risk aversion later expanded to U.S. financial institutions. Investors continued...

Risk appetite sharply recovered on Thursday amid increased expectations of a Fed rate pause in May. This helped to alleviate fears raised by Treasury Secretary Janet Yellen's rejection of complete protection on bank deposits. Cues From Wednesday’s Trading: Negative pressure on the U...

Following days of strong gains, the stock market is having a quite session, as investors await the FOMC's monetary policy announcement later in the day. The market has nearly fully discounted a 25-basis-point hike today, but the attention will be on the Fed's future rate guidance...

It's a day of deep risk-on in markets, with stocks posting strong gains, bonds and gold plunging as Treasury yields climbed, after Treasury Secretary Janet Yellen injected confidence into the banking system. The Treasury Department is also reportedly considering options to temporarily...

The risk mood on Wall Street recovered Monday, with major equity indices posting gains. Some of the positive sentiment is attributable to the coordinated action announced by five of the world’s biggest central banks to ease liquidity strains.  Cues From Past Week’s Trading:...