Dow Futures Rise

Dow Jones futures showed slightly higher movement early Tuesday along with S&P 500 and Nasdaq 100 futures. Invesco QQQ Trust (QQQ) was up 0.3{6c2ee02bcd8e4babb54279c3ba0da46f03ed822bc96c85cd54ee7f8408144ace}, poised to open above its 50-day moving average. FANG stocks like Amazon.com (AMZN), Google-parent Alphabet (GOOGL) and Facebook (FB) showed gains mostly in line with the Nasdaq despite news of anotherContinue Reading

No plans to block Chinese listing

The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges,  reported on Saturday, citing a U.S. Treasury official. “The administration is not considering blocking Chinese companies from listing shares on U.S. stock exchanges at this time,” Treasury spokeswoman Monica Crowley as said. It wasContinue Reading

crypto

Bitcoin and cryptocurrency market watchers were on high alert today as the eagerly-anticipated Bakkt crypto platform went live. The bitcoin price failed to perform, however, with bitcoin losing around 2{6c2ee02bcd8e4babb54279c3ba0da46f03ed822bc96c85cd54ee7f8408144ace} of its value since Bakkt began trading its “physically” settled bitcoin futures contracts, with some $8 billion wiped from the wider cryptocurrency market. Meanwhile,Continue Reading

Saudi Oil Attack

Saudi Arabia’s stock market fell by 2.3{6c2ee02bcd8e4babb54279c3ba0da46f03ed822bc96c85cd54ee7f8408144ace} at Sunday’s open as the country grappled with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels.   Reports that the country may take weeks to return to full oil supply capacityContinue Reading

Market Watch

The Dow Jones Industrial Average eked out an eighth-straight gain Friday, while the blue chip index and the S&P 500 remain within striking distance of fresh all-time highs as Sino-American trade tensions ease and central banks support risk taking with economic stimulus measures. How did the major benchmarks perform? TheContinue Reading

Stock Drops

Goldman Sachs just significantly cut its price target for Apple, predicting 26{6c2ee02bcd8e4babb54279c3ba0da46f03ed822bc96c85cd54ee7f8408144ace} downside to the shares because of a “material negative impact” on earnings for the accounting method the iPhone maker will use for an Apple TV+ trial. “We believe that Apple plans to account for its 1-year trial forContinue Reading