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Wall Street
‘Santa rally’ won’t rekindle due to omicron risks and profit-taking, PNC…
PNC Financial is throwing cold water on the fourth-quarter rally.Covid omicron fears will take a heavy toll on risk appetites over the next two weeks, according to Chief Investment Officer Amanda Agati."We've already gotten the Santa…
Asian shares bounce as China moves to boost housing
FILE PHOTO - An investor stands in front of an electronic board showing stock information at a brokerage house in Shanghai, China, August 24, 2015. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.comRegisterMSCI…
The Fed’s Moves Pumped Up Stocks. In 2022, It May Pull the Plug.
For two years, the stock market has been largely able to ignore the lived reality of Americans during the pandemic — the mounting coronavirus cases, the loss of lives and livelihoods, the lockdowns — because of underlying policies that…
New ProShares Metaverse ETF to track Apple, Meta, Nvidia
ProShares, the first company in the United States to launch a Bitcoin (BTC) exchange-traded fund (ETF), is diving into metaverse as it now plans to launch a new metaverse-focused ETF.ProShares on Tuesday filed with the U.S. Securities…
These charts show how Russia’s invasion of Ukraine has changed global oil flows
European Union leaders reached an agreement this week to ban the majority of Russian crude oil and petroleum product imports, but nations were already shunning the country's oil, altering global flows for the commodity that powers the…
Cathie Wood says stocks have corrected into ‘deep value territory’ and won’t let
ARK Invest founder Cathie Wood offered the latest defense of the once-highflying, disruptive innovation strategies that had made her suite of exchange-traded funds among the most popular, and best-performing, on…
The stock market’s rally through 2021 blew Wall Street’s forecasts out of the water
People walk past the New York Stock Exchange (NYSE) on Wall Street on July 15, 2021 in New York City.Angela Weiss/AFP/Getty ImagesThe S&P 500's 27% surge through 2021 thrashed nearly every Wall Street forecast from last…
Indonesia warns coal supply crunch not over as China prices rally
Excavators pile coal in a storage area in an Indonesian Power Plant in Suralaya, in Banten province January 20, 2010.Register now for FREE unlimited access to Reuters.comRegisterCoal futures surge in ChinaExport ban review set for…
Stocks Climb But Nike Slides On Weak Guidance
The Dow Jones Industrial Average rallied 400 points Tuesday, looking to rebound from Monday's losses. But Nike stock dropped on weak sales guidance.
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Late Monday, Dow Jones stock Nike (NKE) reported better-than-expected earnings…
Turkey: Stock trading halted again due to rapid losses
Trading halt comes as the Turkish lira hits another record low.Turkish stocks extended their losses following Friday’s rout, prompting a fresh automatic trading halt after the lira slid to a record low.
The Borsa Istanbul 100 Index…