Stock Market Is Booming but UBS Strategist Warns Fed Put Lost Power

Published: 18/06/2019 15:45 EST. Journalist: By CCN Markets: The stock market is close to record-setting highs, yet one Wall Street strategist says don’t believe the Fed hype. UBS Group’s head of equity strategy, Francois Trahan, has a warning for investors – the Fed doesn’t pack quite the same punch as it used to. According to […]

Dow Spikes 150 Points as Central Banks Pump Easy Monetary Policy

Published: 18/06/2019 10:00 EST. Journalist: By CCN Markets: The Dow and broader U.S. stock market opened sharply higher on Tuesday after European Central Bank (ECB) officials signaled that a new round of stimulus was on the horizon. Dow Surges After Open All of Wall Street’s major indexes opened higher on Tuesday, reflecting a strong pre-market […]

Dow Creeps Higher but Fearful Money Managers Exit Stocks Fast

Published: 18/06/2019 07:47 EST. Journalist: By CCN Markets: Dow Jones futures rose on Tuesday, but money managers on Wall Street aren’t convinced the stock market rally has longevity. Billion-dollar investors are pulling money out of stocks and piling into cash, according to a survey by Bank of America Merrill Lynch. The investors, who manage $528 […]

Tesla Stock Mysteriously Jumps after Elon Musk Tweets to ‘Delete Twitter’

Published: 18/06/2019 04:26 EST. Journalist: By CCN Markets: Skepticism was the response on Monday as news spread that Elon Musk had deleted his Twitter account. The problem is the account of the Tesla and SpaceX CEO still appeared active some 18 hours later. On CNBC’s Fast Money Monday, analysts discussed Musk’s move possibly being the […]

Dow Holds Tepid Gains as Fed Eyes First Rate Cut in 11 Years

Published: 17/06/2019 15:30 EST By CCN Markets: The Dow and broader U.S. stock market rose on Monday, as investors shifted focus to a high-profile central-bank meeting that could lay the groundwork for the first interest rate cut in more than a decade. Dow Holds Gains; S&P 500, Nasdaq Follow All of Wall Street’s major indexes […]

Dow Ignores Trump’s Threat to Slam China With Double Tariffs

By CCN Markets: The Dow Jones Industrial Average traded flat on Monday, despite ominous trade warnings from the White House over the weekend. In an interview with ABC News on Sunday night, Trump said he was ready to go all in on tariffs in a bid to twist China’s arm. The president threatened to double […]

Trump Predicts Unprecedented Stock Market Crash If He Loses in 2020

By CCN Markets: Rallying supporters to “Keep America Great,” Donald Trump raised the stakes of the 2020 election in a tweet. The president said if he’s not reelected, “there will be a market crash the likes of which has not been seen before!” If true, based on percentages, that means the stock market would lose […]

Tesla Bull Says Stock Will Rise 133% by This Time Next Year

By CCN Markets: Despite the performance of Tesla’s stock this year, there’s no shortage of TSLA bulls. Even though the stock has lost around 25% of its market cap year-to-date, Alexander Haissl of Berenberg told CNBC he is looking for a price target of $500. The stock is currently hovering at $214. “We maintain our […]

Dow Cowers as Trump Blames Iran for Gulf Tanker Attacks: ‘It Was Them’

By CCN Markets: The Dow inched toward a cautious session on Friday following President Donald Trump’s blunt assertion that Iran owns the blame for attacks on two tankers in the Gulf of Oman. Dow Edges Lower; Nasdaq Suffers Steep Drop All of Wall Street’s major indices prepared to suffer opening bell declines. As of 9:07 […]

Dow’s Sudden Rally Erases 118 Point Loss Despite Chip Stock Meltdown

By CCN Markets: The Dow and broader U.S. stock market limped into Friday’s close after disappointing financial results from a leading chipmaker highlighted the dangers of a prolonged trade war with China. Dow Pares Losses; Nasdaq Endures Tech Blowback All of Wall Street’s major indexes struggled out of the gate Friday, reflecting a weak pre-market […]