Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were flat in overnight trading on Thursday, following a four-day winning streak on Wall Street as investors awaited a closely-watched January jobs report. Futures on the Dow Jones Industrial Average rose just 20 points. S&P 500 futures were flat and Nasdaq
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Jakub Porzycki/NurPhoto via Getty Images GameStop’s stock is tanking again on Thursday, as the Reddit-fueled trade continues to unravel. Shares of GameStop are down more than 25% on Thursday, brining the brick-and-mortar video game retailer’s weekly losses to nearly 80%. The drop in price comes despite the rollback of trading limits from stock trading app
An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — The recent short selling frenzy on Wall Street will not likely come to China, where there are many more market restrictions. Short selling refers to a trading strategy that allows investors to bet
A woman carries an umbrella as she walks past the New York Stock Exchange (NYSE), February 9, 2017 in New York City. Drew Angerer | Getty Images Futures contracts tied to the major U.S. stock indexes rose at the start of the overnight session Wednesday evening, suggesting an extension to the S&P 500’s three-day win
Take a look at some of the biggest movers in the premarket: Spotify (SPOT) – The music streaming service reported a wider-than-expected quarterly loss, although its revenue did beat analyst forecasts. The number of premium subscribers jumped by 24% to a better-than-expected 155 million. The stock fell 7% in premarket trading as of 7:32 a.m.
Signage for Alibaba Group Holding Ltd. covers the front facade of the New York Stock Exchange November 11, 2015. Brendan McDermid | Reuters Alibaba will be taking advantage of the low interest rate environment in the U.S. right now by issuing the bonds. The company said the proceeds will be used for general corporate purposes,
Canaccord Genuity’s Tony Dwyer sees a market setback ahead. Even though stocks are kicking off February in rally mode as the Reddit frenzy collapses, he believes a 5% to 10% pullback is already underway. “We’ve been looking for a correction,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Tuesday. “We’re in a slow
Dallas Federal Reserve President Robert Kaplan in a CNBC interview Tuesday backed more spending across a variety of fronts as the economy tries to shake off the Covid-19 pandemic effects. President Joe Biden has proposed spending $1.9 trillion to provide more cash payouts and enhanced unemployment benefits to Americans, as well as a minimum wage
Bin Li, CEO of Chinese electric vehicle start-up NIO Inc., celebrates after ringing a bell as NIO stock begins trading on the floor of the New York Stock Exchange (NYSE) during the company’s initial public offering (IPO) at the NYSE in New York, September 12, 2018. Brendan McDermid | Reuters BEIJING — Chinese electric car start-up
The Securities and Exchange Commission could consider a wide range of new regulations to help prevent future volatility and eye-popping short squeezes like those in GameStop and AMC Entertainment that enthralled Wall Street last week. The agency that oversees U.S. markets could pursue a litany of rules, ranging from a cap on the level of