The surface of the S&P 500 makes markets look calm. But look down just one layer, and you see some serious pain.
Santosh Rao, Head of Research at Manhattan Venture Partners, joins Yahoo Finance Live to discuss Netflix's fourth quarter earnings, the need to gain more subscribers, and competition in the streaming space.
The tech-heavy Nasdaq took off like a rocket this morning, and took semiconductor stock Nvidia (NASDAQ: NVDA) along for the ride. Just after noon ET, however, the rally started to sputter, and by the time trading for the day was done, not only had the Nasdaq given up all its gains, but Nvidia stock closed down 3.7% for the day. In the case of the Nasdaq as a whole, I fear that investors may have jumped the gun, presuming that after the Nasdaq met the definition for a stock market correction (down 10% from its high), the light would turn green for tech stocks to resume marching higher again.
Coronavirus stock Novavax (NASDAQ: NVAX) was a bit sickly on Thursday. The latest development comes from over the Pacific Ocean, specifically Australia. After market hours on Wednesday, Novavax announced that the nation's Therapeutic Goods Administration (TGA) has approved the provisional registration of NVX-CoV2373.
The yield-sensitive Nasdaq Composite Index on Wednesday logs its first close in correction territory since March. Here's what history says happens next.
(Bloomberg) -- Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedWhy Some Vaccinated People Resist Omicron and Others Don’tThailand to Resume Quarantine-Free Tourism as Covid EasesJeremy Grantham, the famed investor who for decades has been calling market bubbles, said the historic collapse in stocks he predicted a year ago is underway
Yahoo Finance's Brad Smith and Akiko Fujita discuss how the market is reacting to Peloton's production pause.
BioNTech (NASDAQ: BNTX) stock is taking the worst drubbing, down 19.7% as of the market close on Thursday. Moderna's (NASDAQ: MRNA) shares were sinking 17.2%. Novavax (NASDAQ: NVAX) and Ocugen (NASDAQ: OCGN) stocks were falling 18.5% and 16.2%, respectively.
(Bloomberg) -- European stocks followed U.S. equity futures and Asian stocks lower as shaky company earnings and the prospect of higher U.S. borrowing costs unnerved investors. Bond yields fell a second day.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapWhy Some Vaccinated People Resist Omicron and Others Don’tThe Stoxx Europe 600 In
CFA and owner of Portia Capital Management Michelle Connell joins Yahoo Finance Live to discuss Big Tech, energy and financial sector fund data, commodity futures, and Fed policy makers expecting three interest rate hikes in 2022.
The market did not seem very pleased with Plug Power’s (PLUG) latest business update. Shares took the down escalator after the company reiterated its 2022 revenue guidance of $900-925 million. While investors might have been showing their disappointment the company did not boost its forecast, Oppenheimer’s Colin Rusch sees plenty to back the bull case. “We believe PLUG's strategic update clearly signals the company's maturation,” the 5-star analyst said. “With a balance sheet that still boasts ~
Another early bounce ended with a sharp market reversal. Wait for this signal before rushing in. Netflix dived late on subscriber guidance.
(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash
Market bulls should proceed with caution, warns a top strategist at Morgan Stanley.
(Bloomberg) -- Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedLate Rout in Tech Sends Nasdaq 100 Into Correction: Markets WrapWhy Some Vaccinated People Resist Omicron and Others Don’tCryptocurrencies sank Friday, taking Bitcoin to the lowest level in more than five months as risk aversion again swept across global markets.The largest cryptocurrency dropped as much as 7.4% to $38,261, while secon
Rallies are getting squashed and no lead appears to be safe for the stock market in recent trade. In fact, the Nasdaq Composite (COMP) intraday reversal on Thursday — when it was up 2.1% at its peak but ended down 1.3% — represented its largest reversal for a loss since April 7, 2020, according to Dow Jones Market Data. The disintegration of a big intraday uptrend comes after the Nasdaq Composite entered a correction — defined as a decline of at least 10% (but no more than 20%) from a recent peak — for the first time since March 8, 2021, and reflects the fragility of the market as it braces for a regime of higher interest rates and overall less-accommodative policy from the Federal Reserve.
Ether, Solana, and other L1s also slip during Asia trading day.
It’s no secret that new markets, and new industries, offer investors superior return potential. It’s a function of an open field, one in which the high points have yet to be claimed and every move has a greater chance of landing in an advantageous position. One example of this phenomenon is the cannabis industry, and the vistas it has opened for enterprising stock investors. Cannabis isn’t new – but the legal regime is. Numerous states have been legalizing the plant and its extracts in past deca
SoFi Technologies Inc. shares are soaring for the second-straight day on heavy volume as optimism continues to build for the company's banking ambitions.
Earlier, the Nasdaq dropped another more than 1%, adding to losses after sinking into a correction earlier this week.