The “Fast Money” traders shared their first moves for the market open. Tim Seymour was a buyer of UnitedHealth Group. Dan Nathan was a buyer of Lyft. Karen Finerman was a seller of iShares iBoxx $ High Yield Corporate Bond ETF. Guy Adami was a buyer of Amgen. Disclosure Trader disclosure: Tim Seymour is long AMZN,
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Pro-democracy protesters set barricade on fire at a demonstration in Causeway Bay district on October 6, 2019 in Hong Kong, China. Anthony Kwan | Getty Images News | Getty Images BEIJING — China will take countermeasures against the U.S. in response to a bill that favors the Hong Kong protesters, the Chinese Foreign Ministry said
Dow Jones Industrial Average surges 237 points The Dow rallies 237.44 points, or 0.89%, to close at 27,024.80. The S&P 500 gained 1% to end the day at 2,995.68. The Nasdaq Composite surged 1.24% to 8,148.71. Investors cheered a slew of better-than-expected quarterly earnings. Earnings lead the charge as trade talks take a backseat J.P.
National Securities’ Art Hogan predicts third-quarter earnings results will exceed expectations. However, his forecast leaves out a crowded area of the market. “I’m nervous about the defensive groups actually because they’re such a popular trade,” the firm’s chief market strategist told CNBC’s “Trading Nation” on Monday. “The multiples for some of those consumer staples and
David Solomon, chief executive officer of Goldman Sachs Group Tiffany Hagler-Geard | Bloomberg | Getty Images Goldman Sachs may suffer hits to third quarter results as stakes in once-hot unicorns slammed into the reality of public markets. The bank’s holdings in WeWork, the co-working company whose valuation plunged after its IPO plans collapsed last month,
Timothy A. Clary | Getty Images Here are the most important things to know about Tuesday before you hit the door. 1. Bank earnings on deck We’ll get quarterly earnings from the four largest U.S. banks with Goldman Sachs, J.P. Morgan Chase, Citigroup and Wells Fargo all reporting before the bell on Tuesday. Wall Street
A visual representation of a cryptocurrency coin on display in front of the logos for Facebook and Libra. Chesnot | Getty Images Facebook’s plan to introduce a cryptocurrency will face a key test Monday as the consortium of companies overseeing it gathers in Geneva. The now 22-member Libra Association is meeting in the Swiss city
Bryn Mawr’s Jeffrey Mills believes the market needs more time to break out of its slump. Despite President Donald Trump’s decision to suspend this week’s U.S. tariff increases on $250 billion of Chinese goods, Mills questions whether it’s enough to boost stocks into year-end. “The market has basically been held hostage by the trade negotiations,”
The U.S. and China appear close to a limited trade deal, leaving more controversial issues for later. The trade talks, which President Donald Trump said were “going really well,” extended into the second day on Friday. A slew of media reports suggested that the world’s two largest economies could agree to a partial agreement on
SoftBank Group Corp Chairman and CEO Masayoshi Son attends a news conference in Tokyo, Japan, February 8, 2017. Alessandro Di Ciommo | NurPhoto | Getty Images SoftBank CEO Masayoshi Son is considering changing his Vision Fund investment strategy to concentrate on companies with clearer pathways to profitability and public offerings, according to people familiar with