Gaming has been the hottest corner in the entertainment industry. As stay-at-home trends lead to higher demand for gaming amid the COVID-19 pandemic, most technology companies are jumping on the space or bolstering their position to gain market share. As such, mergers and acquis
Wall Street extended its three-week decline and tumbled to a seven-week low with the S&P 500 and Dow Jones losing more than 2% each. The combination of woes, including a delay in additional fiscal stimulus package, concerns over fresh lockdowns in Europe amid resurgence in C
In the last trading session, U.S. stocks saw rough trading on concerns over fresh lockdowns in Europe amid resurgence in COVID-19 cases and reports on bank’s money laundering. Among the top ETFs, SPY lost 1.1%, DIA shed 1.8% and QQQ moved 0.4% higher on the day.Two more specia
After a superb August, Wall Street has been facing occasional troubles in September. This is especially true given its ill-famed seasonality in the equity market.
Eli Lilly & Company (LLY) dominated the headlines last week for its remarkable progress in development of coronavirus antibodies. The company recently presented positive results from the phase II study, BLAZE-1, evaluating its antibody therapy candidate, LY-CoV555, to treat
Historically, low mortgage rates continue to support the housing market even as the coronavirus cases are rising in the United States. Per the monthly National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI), builder confidence for newly-built single
For investors looking for momentum, iShares U.S. Basic Materials ETF IYM is probably a suitable pick. The fund just hit a 52-week high and is up 76.8% from its 52-week low price of $59.49/share.
Last week was a moderate one for Wall Street.The S&P 500, the Dow Jones and the Nasdaq Composite have lost about 0.6%, 0.03% and 0.6%, respectively, past week. Renewed hopes for a coronavirus vaccine and treatments lent support to the markets while slowing retail sales as we
Oil logged in the biggest weekly gain since June driven by the Organization of the Petroleum Exporting Countries’ (OPEC) urge to comply with the output cuts, disruption in U.S. production due to hurricane Sally, and supply deficit prediction by a couple of banks. Notably, crud
The global stock market is stuck in a vicious circle of trading triggered by the tech rout, lofty valuation, lack of further monetary stimulus, the upcoming U.S. election, new restrictions spurred by rising coronavirus cases and concerns over global growth (read: 4 Sector ETFs t
The healthcare sector defied last week’s market rout, triggered by the resumption of decline in the technology sector after the Fed warned that the economic outlook remains "highly uncertain.” This is especially true against the progress in the development of a coronavirus v
Last week was a moderate one for Wall Street.The S&P 500, the Dow Jones and the Nasdaq Composite have lost about 0.6%, 0.03% and 0.6%, respectively, past week. Renewed hopes for a coronavirus vaccine and treatments lent support to the markets while slowing retail sales as we
Billionaire investor Warren Buffett is known for his value style of investing and hesitance to invest in the technology sector. The reason could be that tech shares are generally not tagged as value shares. These are high-growth in nature and valuations are often stretched.
The Nasdaq Q-50 Index (NXTQ) is a “minor league” of sorts for stocks that are viable candidates for future admission into the Nasdaq-100. Thanks to the recent launch of the VictoryShares Nasdaq Next 50 ETF (QQQN), investors have an avenue for accessing the Q-50.
Retail sales in the United States increased 0.6% sequentially in August 2020, following a downwardly revised 0.9% rise in July and compared to the forecast of a 1% uptick as unemployment benefits were reduced and support for small businesses ended.
In the FOMC meeting concluded on Sep 17, the Federal Reserve Chair Jerome Powell maintained a dovish stance for a longer period. It kept U.S. interest rates near zero and pledged to keep rates at lower levels until the end of 2023.The central bank will not increase rates until l
Wall Street has been experiencing wild swings in September. Earlier this month, the sharp sell-off in the technology sector led to bloodbath in the stock market and now the latest policy statement from the Federal Reserve sparks some caution.Chairman Jerome Powell kept U.S. inte
After regaining some momentum following a sharp sell-off in early September, the technology sector resumed its decline after the Fed warned that the economic outlook remains "highly uncertain". Concerns over lofty valuations, budget negotiations, election uncertainty and geopoli
As widely expected, the Fed held interest rates steady at a near-zero level in its latest meeting. U.S. interest rates have been this low since March 2020. The central bank said that it will continue to purchase $120 billion in government bonds each month. The Fed will keep inte
Cloud database company Snowflake Inc. SNOW slumped 10.4% on Sep 17 after a smashing IPO.The companyrecorded the biggest software IPO of all time, surpassing the 2007 IPO of Dell (DELL)-backed VMWare (VMW), which had raised nearly $1 billion.Snowflake sold 28 million shares and r