Tech stocks close out first six-week rally since January 2020
The Nasdaq Composite rose 2% this week, boosted by a big rally in Tesla and an earnings from software maker MongoDB.
Next questions for markets center on skinny rally and the chance of a Fed derailment
Investors have largely decided the central bank is either done hiking rates, or close enough to being done to not make much difference anymore for stocks.
Crypto bill from Republicans lays out clear roles for SEC and CFTC
The bill introduced by Reps. Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa., would more clearly define the SEC’s and CFTC’s spheres of influence.
How Nvidia’s rise has changed the biggest momentum ETF
The iShares MSCI USA Momentum ETF (MTUM) just had a rebalance with abnormally high turnover after missing the artificial intelligence boom.
Three cruise stocks are among this week’s best performers as summer approaches
Amid a winning week, these stocks stood out from the rest.
West Coast ports shut down as union workers ‘no show’ after breakdown in wage negotiations
West Coast ports are shutting down after union workers walked off the job after a failure in negotiations with port management.
Error in signaling system led to train crash that killed 275 people in India, official says
Rescuers found no more survivors in the overturned and mangled wreckage of two passenger trains that derailed in eastern India.
Traders are betting on a short-term reversal for chip stocks, ETF flows show
Direxion’s leveraged semiconductor ETFs have seen heavy activity in the past week, as traders look to play the AI boom.
The bull case for Saudi Arabia stocks is growing, but risks remain
Investors are bullish on the country’s growth story as it looks to diversify from oil, but certain overhangs weigh on the investment opportunity.
Morgan Stanley says Apple is about to unveil a $20 billion platform, raises price target
Apple’s next product launch could generate a solid payoff for the iPhone maker over the long haul, according to Morgan Stanley.
