Finance

It may be a good time to lock in market gains for the year. Credit Suisse’s Jonathan Golub believes the latest all-time highs will run into trouble this month. “If you’re somebody who just came into a boatload of money … perhaps [wait] until after inauguration,” the firm’s chief U.S. equity strategist told CNBC’s “Trading

U.S. stock futures fell in overnight trading on Tuesday, despite recent strength that has brought the major averages to record highs. Dow futures fell about 120 points. S&P 500 futures fell 0.2% and Nasdaq 100 futures lost 0.1%. Dow component Salesforce announced it is acquiring messaging platform Slack for $27.7 billion after the bell on

Nasdaq is pushing for greater diversity among the more than 3,000 companies listed on its exchange. Nasdaq filed a proposal Tuesday with the Securities and Exchange Commission asking the regulatory body to adopt new listing rules surrounding the makeup of companies’ board of directors, as well as greater transparency around who fills the seats in

Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Dow Jones Industrial Average futures traded 102 points higher, or 0.3%. S&P 500 and Nasdaq 100 futures advanced 0.4% and 0.6%, respectively.

Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines midday Monday: Moderna — Shares rallied more than 14% after the drugmaker said its coronavirus vaccine candidate was more than 94% effective in preventing Covid-19 during a trial. The

One of Wall Street’s biggest bulls expects another market breakout. Capital Wealth Planning’s Jeff Saut sees the S&P 500 hitting 4,000 before year-end — a 10% gain from Friday’s close and an 83% gain from the March 23 low. “Earnings are going to continue to come in better than most people think,” the firm’s advisory

Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures traded 0.1% lower and Nasdaq 100 futures gained 0.2%. The blue-chip Dow has risen 12.9% so far this month, on pace for

Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – AstraZeneca is likely to run a new global trial of its Covid-19 vaccine candidate, according to CEO Pascal Soriot. He told Bloomberg News that the drugmaker may launch a fresh study testing the vaccine at a lower dosage, rather than

An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Check out the companies making headlines in midday trading.  Moderna — The drugmaker’s stock jumped 16.4% after AstraZeneca’s CEO said the

Stocks rose on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news. The Dow Jones Industrial Average traded higher by 40 points, or 0.1%. The S&P 500 gained 0.4% and the Nasdaq Composite advanced 1.1%. The Cboe Volatility Index (VIX), Wall Street’s preferred fear gauge, dipped below 20

A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Check out the companies making headlines after hours on Tuesday: HP Inc. —

Dow 30,000 may just be the beginning. Oppenheimer Asset Management’s John Stoltzfus believes the Dow’s record high on Tuesday is justified despite the nation’s battle against surging coronavirus cases. He lists a resilient economy as the major factor for optimism. “Very simply, the fundamentals are improving and prospects for them to improve further appear likely,”

Check out the companies making headlines in midday trading.  Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by Refinitiv. The company said in

Federal Reserve officials took part in a detailed discussion about their asset purchase program during the meeting earlier this month, at which some members said they expect several changes to be enacted. The Fed on Wednesday released minutes from its Nov. 4-5 policy meeting. Officials at that meeting voted to keep benchmark short-term borrowing rates

Take a look at some of the biggest movers in the premarket: Gap (GPS) – Gap reported quarterly earnings of 25 cents per share, missing consensus estimates by 7 cents a share. The apparel retailer’s revenue beat forecasts, however. Gap’s bottom line was hurt by increased marketing and shipping costs resulting from a shift to

U.S. stock futures rose slightly on Tuesday night following a banner day for three of the for major market benchmarks. Dow Jones Industrial Average futures traded higher by 52 points, or 0.2%. S&P 500 futures also climbed 0.2% and Nasdaq 100 futures advanced 0.3%. The Dow broke above 30,000 for the first time on Tuesday,

Justin Sullivan | Getty Images JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its wealth management division. The Office of the Comptroller of the Currency said in a release that the New York-based bank’s risk management controls were “deficient” and the

It may take months for the dollar to stage a comeback. Brown Brothers Harriman’s Win Thin warns it will continue to weaken due to the surge in coronavirus cases. “What I’m focused on near-term is really the virus numbers and the resulting slowdown here in the U.S. in Q4 and parts of Q1,” the firm’s

Traders work the floor of the New York Stock Exchange. NYSE Stock futures rose in overnight trading on Monday following a strong session on Wall Street boosted by positive vaccine news. Futures on the Dow Jones Industrial Average gained 160 points. S&P 500 futures rose 0.4% and Nasdaq 100 futures climbed 0.3%. The move higher

Dow Jones Industrial average futures fell slightly in overnight trading on Sunday as a rising number of Covid-19 cases continued to weigh on markets. Futures contracts tied to the Dow fell 66 points, or 0.2%. The move indicated an opening decline of about 50 points. S&P 500 futures fell 0.1%, while Nasdaq 100 futures were