
There’s an old saying in the markets that you should ‘sell in May and go away.’ It’s a reference to long-noticed trend of summertime swoons, when market trading slows, or even dips, especially in August. Recent statistical research by CFRA research has quantified the phenomenon. Since 1945, they say, August is the year’s third-worst month for returns on the S&P 500, on average. The trend is particularly marked in years when the index set record high levels in July. A report from LPL Financial ad

U.S. tractor maker Deere & Co said on Thursday it would buy agriculture tech startup Bear Flag Robotics for $250 million, with the goal of developing over the next year systems Deere can sell to allow farm tractors to operate without a human driver in the cab. "We are effectively in market with real customers today," Dan Leibfried, Deere's Director of Automation and Autonomy, told Reuters. Bear Flag has been testing automated tractors on farms in California.

Robinhood (HOOD) shares tanked 27% to close the session at $50.27 after several wild sessions.

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