Wall Street's main indexes closed lower after choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer.
Wall Street's main indexes closed lower after choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer.
Health care stocks were lower late Thursday afternoon, with the NYSE Health Care Index down 0.6% and the Health Care Select Sector SPDR Fund (XLV) falling 0.8%.
The striking Writers Guild of America (WGA) on Thursday urged federal regulators to increase their oversight of the streaming media business, saying Walt Disney, Amazon.com and Netflix had amassed too much power.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Alphabet Inc (Symbol: GOOGL), where a total volume of 285,752 contracts has been traded thus far today, a contract volume which is representative of approximate
Wall Street's main indexes fell in choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco and energy stocks, while upbeat economic data kept alive fears of interest rates remaining higher for longer.
We see analyst upgrades and downgrades all the time, commonly coming paired with updated price targets. They can be helpful tools for investors, providing a more structured plan and helping to inject positivity surrounding future
U.S.-based retail sales rose for a fourth consecutive month, rising 0.7% on a seasonally-adjusted basis. U.S. consumers continue to show resilience despite stubborn inflation and tightening credit markets. This read may be the last facing the same force of headwinds as the Fed increasingly looks set for a soft landing. Those factors and this most [...]
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Wall Street's main indexes fell in choppy trading on Thursday as losses in healthcare stocks eclipsed gains in Cisco, while upbeat economic data kept alive fears of interest rates remaining higher for longer.
What happened
Shares of drugstore chain and pharmacy benefits manager CVS Health (NYSE: CVS) got hammered Thursday morning, falling 11% through 10:35 a.m. ET after Reuters reported a big client loss for the company.
Amazon (NASDAQ: AMZN) launched its online pharmacy in November 2020. Some might have wondered at the time just how big of a splash the e-commerce giant would make in the pharmacy industry. We now know the answer: a huge one.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Core S&P 500 ETF (Symbol: IVV) where we have detected an approximate $1.5 billion dollar inflow -- that's a 0.4% increase week over week
The S&P 500 and Dow rose on Thursday after upbeat results from Cisco, while investors assessed minutes of the U.S. Federal Reserve's last policy meeting which showed most officials held a hawkish view on interest rates.
The S&P 500 and Nasdaq were set to open higher on Thursday after upbeat results from Cisco, while investors assessed minutes of the U.S. Federal Reserve's last policy meeting which showed most officials held a hawkish view on interest rates.
The retail sector has put up a solid fight amid the ongoing inflation pressures, thanks to robust demand for goods. This has seen sales growing steadily over the months, and the overall scenario looks far better than a year ago.
Below is Validea's guru fundamental report for AMAZON.COM, INC. (AMZN). Of the 22 guru strategies we follow, AMZN rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhi
While 2022 was a year investors were happy to see in the rearview mirror, the stock market has been off to the races this year. The S&P 500 has gained roughly 16% thus far in 2023, an abrupt turnaround compared to its 19% decline last year.
Non-profit health insurer Blue Shield of California plans to drop CVS Health's Caremark as its pharmacy-benefit manager, the Wall Street Journal reported on Thursday.
Buying an undervalued stock is the goal of almost every investor. Whether you're value or growth focused, it doesn't matter -- you're still trying to buy something for less than what it's worth. At the beginning of 2023, you could close your eyes and pick an undervalued tech stoc
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