(Bloomberg) -- Stocks in Europe plunged and U.S. equity futures declined at the start of a week abounding with risks including spillover from China Evergrande Group’s debt woes, falling commodity prices and the Federal Reserve policy meeting.The Stoxx Europe 600 index dropped 1.6%, on track for the biggest decline in two months. Raw materials led the broad-based retreat as iron ore extended a slump below $100 a ton after China stepped up restrictions on industrial activity. Base metals including
MARKET SNAPSHOT U.S. stock futures fell sharply on Monday, with those for the Dow Jones Industrial Average tumbling 300 points, as Hong Kong-listed property companies came under fresh pressure. Investors also were positioning ahead of this week’s Federal Open Market Committee meeting.
The S&P 500 had already dropped below its 50-day moving average on Friday, an important resistance point for the index.
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The energy sector’s production companies benefit from dealing in commodities – oil and gas – that are always in demand. They have high overhead, but they also have a ready market for the product and consequent strong cash positions. Using that strong cash-flow, the companies have been following two strategies to boost their shares; First, they are simply buying back shares to support the price. And second, they are paying out high dividend yields, offering investors a steady income stream from t
It’s been a bearish start to the week for the majors. Failure to revisit last week’s highs early in the week will likely leave the majors under pressure.
Following a bearish end to the week for Bitcoin and the broader market, a Bitcoin move back through to $48,000 levels would support the broader pack.
With the S&P 500 just below its 50-day, the market rally is at a turning point with a key Fed meeting on tap. What should investors do now?
HONG KONG (Reuters) -Shares of Evergrande on Monday plunged to over 11-year lows, extending losses as executives try to salvage its business prospects and as default fears grow over a looming deadline for payment obligations this week. Evergrande has been scrambling to raise funds to pay its many lenders, suppliers and investors, with regulators warning that its $305 billion of liabilities could spark broader risks to the country's financial system if not stabilised. Movie streaming company Hengten Net, majority-owned by Evergrande, plummeted 11.2%.
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen issued a fresh plea for Congress to raise the federal debt ceiling on Sunday, arguing a default on U.S. debt would trigger a historic financial crisis. In a Wall Street Journal opinion piece https://www.wsj.com/articles/congress-raise-debt-limit-ceiling-yellen-treasury-brinkmanship-federal-budget-11632069056, Yellen said that the crisis triggered by a default would compound the damage from the continuing coronavirus pandemic, roiling markets and plunging the U.S. economy back into recession at the cost of millions of jobs and a lasting hike in interest rates. "We would emerge from this crisis a permanently weaker nation," Yellen said, noting that U.S. creditworthiness has been a strategic advantage.
This trend may continue through to the end of the year — here's why.
Following Sunday’s pullback, the majors will need to move through the day’s pivot levels to support a bullish start to the week. Failure to do so would leave support levels in play.
Not many know what a powerful wealth compounding machine dividend stocks are. With reinvested dividends, those gains more than doubled to over 2,400%, proving time and again why dividend stocks are so worthy of your money. While you must never chase yields blindly, there's nothing like it if you can invest in dividend stocks that support their high yields with stable and growing dividends.
If you invested in COVID-19 vaccine maker Moderna (NASDAQ: MRNA) last year, you're likely sitting on a fantastic return, as the stock is up more than 500% in 12 months (the S&P 500 has increased by just 31%). With a pricey valuation that's significantly higher than analyst price targets and a business that today is dependent on COVID-19, it may only be a matter of time before a correction takes place. Moderna could soon face more competition in the U.S.
Semiconductor manufacturer Intel (NASDAQ: INTC) was asleep at the wheel as rival Advanced Micro Devices (NASDAQ: AMD) rose from the dead. AMD's products were terrible from 2011 through 2017, built on a failed architecture that came nowhere close to competing with Intel. AMD is now on the fourth generation of Zen, and its chips have surpassed Intel on essentially every metric.
Seventeen-year-old Dylan Jin-Ngo became fascinated with the stock market when he was in sixth grade. Now the Huntington Beach teen spends much of his free time teaching other kids about markets.
A few publicly traded companies have reached trillion-dollar valuations, and many more are worth hundreds of billions. Three Motley Fool contributors think Square (NYSE: SQ), Netflix (NASDAQ: NFLX), and Taiwan Semiconductor Manufacturing (NYSE: TSM) have a shot.
Boeing is investigating the discovery of two miniature bottles on a U.S. presidential jet under development in San Antonio.
Microsoft and AMD are among top stocks setting up possibly buying opportunities off 50-day or 10-week lines.
Investors' main focus this week will be on the Federal Reserve's September monetary policy meeting, which will set the stage for more debate around the timing of tapering and the outlook for the economy. Other economic data out this week will focus on the housing sector.