NEW YORK (AP) — U.S. stocks are taking broad losses Thursday, led by declines in technology companies. Cisco Systems dropped after issuing a disappointing sales forecast, and retailers were also weak as Wal-Mart slumped. Bond prices continued to climb, sending yields lower, a trend that began a day ago after the Federal Reserve released minutes …
The first in a series of two articles covering market volatility, this article considers the issues concerned with using the VIX as a means of hedging the downside in investment portfolios, while the second part concerns the volatility in individual stocks. The VIX, (CBOE Market Volatility Index) measures S&P 500 volatility. It isn’t possible to …
The dreaded Hindenburg Omen is back. Named after the fiery crash of the German airship 80 years ago, the appearance of this technical pattern sometimes portends a coming stock market crash. Even as the S&P 500 SPX, -1.07% and the Dow Jones Industrial Average DJIA, -0.84% rose on Wednesday, there were more stocks hitting 52-week …
Oil Market Tightening Puts a Firm Floor Beneath Oil Prices One of the key objectives for OPEC is to bring down inventories, a goal that has been elusive this year. But if the oil futures curve is anything to go by, the oil market is showing signs of tightening. The Single Biggest Bullish Catalyst For …
The major stock indexes traded at session lows Thursday afternoon, as the stock market’s complexion worsened. XAutoplay: On | OffThe Nasdaq composite slid 1.3% and the S&P 500 lost 1%. Both indexes slipped below their 50-day moving averages, which could indicate a change in market direction to the downside. The Russell 2000 fell 0.7%. The …
Blockchain Revolution is Gunning for the Gold Market Public online ledgers that emerged from the explosive markets for bitcoin, a virtual currency, already have drawn the attention of businesses from banks to retailers who see blockchain systems as a revolutionary way to verify and record transactions. Now, companies including exchange owner CME Group Inc., IEX Group Inc. spinoff TradeWind Markets and …
SEATTLE–(BUSINESS WIRE)–BNY Mellon Wealth Management has named William “Billy” R. Gibbs as a wealth director in the firm’s Seattle, Wash. office. Reporting to Regional President James Barnyak, Gibbs is responsible for driving business development efforts around mergers and acquisitions and business succession planning. Prior to joining BNY Mellon Wealth Management, Gibbs was a vice president …
Former banks now house some of Cleveland’s most-well known restaurants—taking you inside a world where millionaires kept their wealth and most valuable belongings. These buildings, designated as historic landmarks, tell a vivid story of Cleveland’s journey from the 1900s when the city’s population was on the rise. Like many 20th century buildings, these former banks …
Financial markets have been relieved that the past few days have passed without more inflammatory rhetoric from either President Trump or Kim Jong-un. The U.S. stock market recovered from sharp losses last Thursday, Aug. 10, when tensions were high between the two countries. The Dow Jones Industrial Average was up for the last four trading …
How did you get started as an investor? If you had an early interest in investing you may have taught yourself the ropes, but more likely you had a friend, a family member or even a coworker who encouraged you to start investing. Most investors only get really interested in investing when they start putting …