Latest Market News
Ross Stores Inc. ROST, -0.98% was downgraded to equal weight from overweight at Wells Fargo, with analysts concerned that Ross’ key “low-end consumer” will see their cash balances fall back to Earth in 2022. Wells Fargo cut its price target for Ross to $120 from $135. After benefiting from stimulus payments in 2021, lower-income consumers […]
The Dow Jones Industrial Average swept to a record close on Monday as upbeat investors bought stocks in the first session of trade in 2022. The Dow [S: DJIA] advanced about 246 point points, or 0.7%, sweeping to a record finish near 36,585. The S&P 500 index [S: SPX] added about 0.6%, to also close […]
Bitcoin (BTC) continues to languish below the psychological level at $50,000 in the first few days of the New Year, indicating a lack of aggressive buying by traders. Former BTCC CEO Bobby Lee said the exodus of the Chinese traders who had until Dec. 31 to exit Chinese exchanges may have kept prices lower into […]
Oil futures settled higher on Monday, with major oil producers known as OPEC+ widely expected to stick to their plan to raise monthly crude production by 400,000 barrels per day when they meet on Tuesday. “Though omicron cases continue to climb in key geographies, the absence of widespread lockdown restrictions will likely keep near term […]
It’s not looking great for Bitcoin on short timeframes, and Ethereum is becoming an increasingly popular bet instead. 4378 Total views 56 Total shares Bitcoin (BTC) crisscrossed $47,000 on Jan. 3 as the first Wall Street trading days of 2022 got off to a modest start. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Ethereum steals […]
Traders are back to pricing in a better-than-50% chance that the first rate hike by the Federal Reserve will arrive in March, as the first trading day of the year kicked off with renewed optimism that rising COVID-19 cases may have a more limited economic impact than previously thought. Data compiled by the CME Group Inc. […]