After a spate of positive U.S. economic data, most recently featuring better-than-expected March retail sales numbers on Thursday, the U.S. dollar continues to surge towards long-term highs. Currently, the key level to watch on the U.S. dollar index … [Read More]
The health care sector has been rather disastrous this week so far. Tuesday saw slightly worse than a -2% drop in the Health Care Select Sector SPDR ETF, XLV. Then, the ETF extended those losses by nearly -3% … [Read More]
Shares of Qualcomm Inc. (QCOM) soared Tuesday to their highest levels since early October. The stock closed Tuesday more than 26% higher than the previous day’s close, on exceptionally high trading volume. In the process, Qualcomm’s stock price … [Read More]
Two major offshoots (otherwise known as ‘hard forks’) of Bitcoin – namely, Bitcoin Cash and Bitcoin SV (Satoshi’s Vision) – diverged sharply on Monday. This occurred after Binance, one of the world’s largest cryptocurrency exchanges, delisted Bitcoin SV. … [Read More]
Walt Disney (DIS) investors were all ears on Friday when the entertainment behemoth unveiled pricing and other details surrounding its new Netflix-competitor, Disney+. The company announced that its upcoming video-streaming service would be priced at $6.99 per month. … [Read More]
The British pound dropped on Thursday but remained supported after the European Union granted the UK a substantial extension of the Brexit deadline – to October 31, 2019. This extension also has a provision whereby the UK would … [Read More]
From its initial public offering (IPO) price of $72.00 per share less than two weeks ago on March 29, ride-sharing company, Lyft Inc. (LYFT), immediately shot up to its current record high of $88.60. That was on the … [Read More]
All of the major U.S. benchmark indexes fell on Tuesday. Trade war worries – this time between the U.S. and the European Union – and pre-earnings-season jitters weighed heavily on markets. On a percentage basis, the small-cap Russell … [Read More]
The U.S. stock market ended mixed on Monday. The S&P 500 and Nasdaq Composite were up slightly, while the Dow and Russell 2000 were down modestly. But market sentiment, as measured by the CBOE’s put-call ratio, continued to … [Read More]
The market continued to build bullish momentum last week after previously wobbling. The S&P 500 (SPX) hit nearly a six-month high on Friday, inching ever closer to September’s record high. At this rate, we could soon be seeing … [Read More]
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