Stock markets hitting record highs again must mean investors are up to their eyeballs in equity, right? Well, not yet it seems - or at least not everyone.
Funds which buy debt companies are no longer able to repay are getting ready to deploy their large cash piles in Europe, betting the easing of widespread government economic support schemes will lead to a pick-up in corporate restructurings.
U.S. technology giants are increasingly dominating the stock market in the midst of the coronavirus pandemic, even as they draw accusations of unfair business practices, and some investors fear the pump is primed for a tech-fueled sell-off.
South Korea's exports likely shrunk for a sixth straight month in August, as effects from fewer working days outweighed a gradual recovery in global demand as more countries relax coronavirus lockdowns, a Reuters poll showed on Friday.
India's deepest recession on record will linger through the rest of this year and begin to lift only in early 2021 as a rapid surge in the coronavirus spread squelches a nascent rebound in consumption and business activity, a Reuters poll showed.
Afya (AFYA) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $3.47 per share a year ago. These figures are adjusted for non-recurring items.
Nutanix (NTNX) came out with a quarterly loss of $0.39 per share versus the Zacks Consensus Estimate of a loss of $0.67. This compares to loss of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
In the latest trading session, Morgan Stanley (MS) closed at $52.61, marking a +1.74% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
In the latest trading session, Lakeland Industries (LAKE) closed at $22.41, marking a +0.22% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
In the latest trading session, Crown Castle (CCI) closed at $163.42, marking a +1.52% move from the previous day. This move outpaced the S&P 500's daily gain of 0.17%. Meanwhile, the Dow gained 0.57%, and the Nasdaq, a tech-heavy index, lost 0.34%.
Zoom Video Communications (ZM) closed the most recent trading day at $294.68, moving -0.2% from the previous trading session. This change lagged the S&P 500's 0.17% gain on the day. At the same time, the Dow added 0.57%, and the tech-heavy Nasdaq lost 0.34%.
In the latest trading session, Micron (MU) closed at $44.62, marking a -0.76% move from the previous day. This change lagged the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
IBM (IBM) closed the most recent trading day at $124.65, moving +0.39% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
In the latest trading session, Sleep Number (SNBR) closed at $46.42, marking a +1.51% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
Bank of America (BAC) closed the most recent trading day at $26.05, moving +1.92% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
Ericsson (ERIC) closed the most recent trading day at $11.85, moving -1.33% from the previous trading session. This move lagged the S&P 500's daily gain of 0.17%. Elsewhere, the Dow gained 0.57%, while the tech-heavy Nasdaq lost 0.34%.
United Rentals (URI) closed the most recent trading day at $179.02, moving +0.81% from the previous trading session. This change outpaced the S&P 500's 0.17% gain on the day. At the same time, the Dow added 0.57%, and the tech-heavy Nasdaq lost 0.34%.
TSMC (TSM) closed the most recent trading day at $80.60, moving -1.41% from the previous trading session. This move lagged the S&P 500's daily gain of 0.17%. At the same time, the Dow added 0.57%, and the tech-heavy Nasdaq lost 0.34%.
Dell Technologies (DELL) came out with quarterly earnings of $1.92 per share, beating the Zacks Consensus Estimate of $1.47 per share. This compares to earnings of $2.15 per share a year ago. These figures are adjusted for non-recurring items.
Malibu Boats (MBUU) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items.