Latest Market News

Aug 23
Cathie Wood’s ARK sold $49 million in Signify stock after 32% surge

Two Cathie Wood funds, including her flagship ARK Innovation ETF ARKK, -0.34%, sold stock in Signify Health SGFY, -1.39% after the 32% surge on the back of a report it’s the target of a bidding war between Amazon AMZN, +0.30%, CVS Health CVS, -1.07% and UnitedHealth UNH, -1.65%. The ARK Innovation fund sold $31 million […]

Aug 23
Medtronic earnings rise 22%, while revenue and adjusted profit beat estimates

Medtronic Plc MDT, -3.92% said Tuesday its first-quarter net income increased by 22% to $929 million, or 70 cents a share, from $769 million, or 56 cents a share, in the year-ago quarter. Adjusted profit totaled $1.13 a share. Revenue dropped to $7.37 billion from $7.99 billion partly on foreign-exchange losses. The medical products company […]

Aug 23
Macy’s stock pops premarket after earnings top estimates, but company lowers guidance to reflect difficult environment

Macy’s Inc. M, +7.14% share rose 3.6% in premarket trade Tuesday, after the company posted better-than-expected earnings for the second quarter, although it lowered its full-year guidance to reflect a difficult spending environment and high levels of inventory. The department store chain posted net income of $275 million, or 99 cents a share, in the […]

Aug 23
Iran Import Association demands regulatory clarity to use crypto in foreign trade

Corporate lobbyists urge the government to create a proper infrastructure and avoid the emergence of business rent. 583 Total views 8 Total shares In the aftermath of the first officially reported crypto payment in the sanctioned country’s foreign trade, Iran’s importers point to the necessity of stable regulations to continue trade via cryptocurrencies.  On Saturday […]

Aug 23
U.S. stocks open slightly lower, extending Monday’s sharp slide

U.S. stocks opened slightly lower Tuesday, extending Monday’s selloff as investors await fresh economic data. The Dow Jones Industrial Average DJIA, -0.28% was trading down 0.1% soon after the opening bell, while the S&P 500 SPX, +0.03% fell 0.1% and the Nasdaq Composite COMP, +0.16% declined less than 0.1%, according to FactSet data, at last […]

Aug 23
S&P 500 E-mini Futures (ES1!), H4 Potential For Bearish Momentum

Type: Bearish Drop Key Levels:Resistance: 4202.00Pivot: 4077.00Support: 3952.00 Preferred Case:On the H4, with price breaking out of the ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 4077.00 where the pullback support, 127.2% fibonacci extension and 38.2% fibonacci retracement are. Once there is downside […]