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QUINCY KROSBY
Amazon to replace Walgreens in Dow Jones Industrial AverageAdding Amazon will increase consumer retail exposure as well as other areas in the Dow, and the move was prompted by Walmart's decision to ...- 10-year Treasury yield briefly hits 2-month low; curve inversion deepensThe 10-year Treasury yield, which moves inversely to its price, is down around 60 basis points from its October peak. The yield briefly fel...
- Israel's tech sector could face disruptions after attacksTech companies operating in Israel are expected to fortify security as they could face disruptions, said investors and analysts, after Hama...
- US stock market: Wall Street ends down, investors step back after Fitch US rating cutFitch downgraded the United States to AA+ from AAA late on Tuesday, citing expected fiscal deterioration over the next three years as well ...
- Wall Street Week Ahead: As earnings loom, investors weigh recession resilienceA market shift away from the handful of megacap technology and growth stocks that have powered the rally in the S&P 500 is not a given, cau...
- Nasdaq edges up, S&P 500, Dow decline slightly; more Fed rate hikes in focusThe Nasdaq closed slightly higher on Wednesday, supported by megacap stocks, while the S&P 500 and Dow closed lower after Federal Reserve C...
- Wall St ends higher as bank contagion fears ease, Fed eyedRegional bank First Republic Bank fell 47.1% following a downgrade by S&P Global and a report of more fundraising that fueled fears about t...
- US stocks end mostly lower as markets await Fed rate hike"It looks like it's going to be a 75 basis point hike," said Quincy Krosby, chief equity strategist of LPL Financial. "We haven't seen any ...
- Nasdaq falls more than 3% as US inflation data gives little relief to investorsApple shares dropped 5.2% and were the biggest weight on the Nasdaq and S&P 500 indexes.
- S&P 500 ends a hair lower; hedge fund default concerns hit banksIndexes ended off their lowest levels of the day. Optimism about speedy vaccinations and record stimulus, which drove the Dow and the S&P 5...
- The pandemic made 2020 a wild year for Wall StreetFrom the start of the coronavirus pandemic that sent stocks crashing, to their resurgence after the approval of vaccines , here's a look ba...
- Reopening rally? Speculative bubble? These days, it's hard to tellAfter a 15 per cent year-to-date rally, the S&P 500 trades at 22 times forward earnings, compared to a historical average of 15.3 times, ac...
- S&P 500, Dow track second straight weekly gain on stimulus optimismEight of the 11 major S&P indexes were up in morning trading, led by materials and information technology . Energy stocks dipped, but were ...
- Dow Jones ends 2.7% lower as increased virus cases slow US recoveryThe broad-based S&P 500 slid 2.6 percent to 3,050.33, while the tech-rich Nasdaq Composite Index shed 2.2 percent to 9,909.17, retreating f...
- Treat with caution: rocketing stocks aren't cause for comfortIn 2008, for instance, the two biggest gains during the market crash that fall, both in October 2008, were actually followed by five more m...
- Hedge funds exiting gold as speculators cut bets on bullion rallySpeculation is mounting that Fed officials, in a statement scheduled for release on September 21, will signal that higher US interest rates...
- Commodities see worst January in 24 years as China slows downHedge funds are positioning for more losses, holding the biggest netshort bet across raw materials since at least 2006.
- Not all positive, but commodities like Gold, wheat may not be a heartbreaker in 2016: SurveyGold, wheat and natural gas probably will climb in 2016, according to a Bloomberg survey of 108 traders, analysts, economists and strategis...
- Infosys ADR plunges 6% even as US stocks finished mostly higherInfosys ADR fell over 6% to end at $56.01 on the US bourses after the company said its sales growth in FY14 will be near the lower end of i...
- Culture of risk on Wall Street not seen changingWall Street investment bankers got another lesson about the dangers of risk-taking this past week with the downfall of Bear Stearns Cos.
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