Market Overview - Page 292

Apple stock is not a buy right now. It is trading well beyond the 5% chase zone of its last proper breakout. Also, it is trading above the 20%-to-25% profit-taking zone of that breakout, according to IBD trading guidelines. AAPL.

The recent pullback in U.S. stocks could be close to an end if history is a guide, according to strategists at Goldman Sachs Group Inc. and Deutsche Bank AG. Its magnitude has matched a “typical” selloff in the S&P 500.

Investors should be shifting into shunned sectors such as tobacco, banks and European stocks as fiscal stimulus and the stomach for growing deficits in the U.S. wane, according to longtime money manager Bill Gross. With an emphasis on defense, investors.

Tuesday will mark the first of two days of meetings for the Federal Open Market Committee. The Federal Reserve will release its September monetary policy statement Wednesday afternoon, followed by a press conference with Fed Chair Jerome Powell. Both the.

The headline unemployment rate for May to July stood at 4.1%, up from the 3.9% figure seen in the previous three month period, which covered the start of the U.K.‘s lockdown that began in late March, the U.K.’s Office for.

U.S. stocks retreated from more than one-week highs posted amid a flurry of deal activity and signs of progress toward a coronavirus vaccine. The dollar weakened and Treasuries were little changed. The S&P 500 increased as much as 1.9% before.

Tesla shares jumped more than 9% on Monday amid a broad-based rebound in the technology sector, and as Goldman Sachs said that demand is picking up in China. “Tesla global weekly app downloads have recently been tracking up on a.

The latest bout of sabre-rattling between Britain and the EU is upping the premium investors demand for holding UK assets for fear of a chaotic Brexit outcome with hugely damaging consequences for the economy. The pound is down 4% against.

China’s central bank digital currency (CBDC) known as the digital yuan should be regulated in line with cash-related laws, according to a senior exec at the country’s central bank. In an opinion article on Sept. 14, Fan Yifei, a deputy.

Oil prices slipped on Monday amid concerns about a stalled global economic recovery and falling fuel demand, as Libya signalled it would end its months-long blockade and resume output, adding yet more supply to the market. Brent crude was down.

The dollar retreated on Monday against major peers as a wave of M&A deals lifted the mood on global equity markets and investors looked ahead to an event-packed week which includes a Fed meeting and the appointment of a new.

U.S. stock futures rose early Monday morning after a sell-off in tech shares led to the market’s first back-to-back weekly declines in months. Dow Jones Industrial Average futures traded 306 points higher. The S&P 500 and Nasdaq 100 futures were.