|Day's Range||9.38 - 10.08|
|52 Week Range||8.56 - 17.28|
Veteran trader and author, John Netto, sits down with Yahoo Finance's Jared Blikre to talk stocks, bonds, market correlations, volatility, inflation, wage pressure, the Federal Reserve and the new CBOE bitcoin futures launching this Sunday (all in under 5 minutes).
The Commodity Futures Trading Commission has approved CME and CBOE to launch bitcoin futures. Yahoo Finance's Dan Roberts and Myles Udland discuss the development with CIO of Hennion and Walsh Asset Mgt. Kevin Mahn.
New York Mayor Bill de Blasio called the incident an attempted terrorist attack after an initial investigation found that a man with a bomb-like device strapped to his body set off the explosion. Interest in the surge in bitcoin and opening of futures trading continued to fuel bets on crypotcurrency related stocks, many of which have risen exponentially in value in the past three months. Shares of Marathon Patent (MARA.O), Riot Blockchain (RIOT.O), Overstock.com (OSTK.O) and Xunlei (XNET.O) were up between 7 percent and 20 percent in the day.
Following two strong trading weeks, the S&P 500 started last week on a stronger note and recorded the third consecutive weekly gain.
After trading with strength for two trading weeks, the S&P 500 started this week on a weaker note. It fell for the first two trading days this week.
Goldman Sachs remains pro-risk in equities, but the company's top strategists say "time is running out for Goldilocks."
After gaining for two trading weeks, the S&P 500 started this week on a mixed note. On Monday, six out of the S&P 500's 11 major sectors rose.
Last week’s release of economic data and corporate earning results provided yet more ballast for U.S. equity markets and our historic rally. This was clearly evidenced by the sharp pull back in the Dow Industrials (^DJI) and simultaneous surge in the volatility “fear” index (^VIX) that emerged due to an erroneous report filed by ABC News investigative reporter Brian Ross that seemed to indicate, at least initially, that Trump directed former National Security Advisor Michael Flynn to contact Russian officials during the 2016 Presidential campaign.
An unnamed trader dubbed the "VIX elephant," who for months has been prepared for a stock market slump, capitalized on a short-lived spike in volatility on Friday to adjust a massive options hedge. The big trade in VIX options on Friday vaulted trading volume to a record high and helped the trader cut hedging losses by potentially more than $18 million, initial estimates suggest. The CBOE Volatility Index (.VIX), better known as the VIX, is the most widely followed barometer of expected near-term volatility for the S&P 500 Index (.SPX).
Safe-haven assets jumped Friday after ABC News reported Michael Flynn would testify he was directed by President Donald Trump to talk to the Russians.