Latest Market News

Sep 27
Dow, S&P 500 fall for 6th straight day on Tuesday on recession jitters

The Dow and S&P 500 booked a sixth straight day of declines on Tuesday, as bond yields rose and stocks gave up earlier gains. The Dow Jones Industrial Average DJIA, -0.43% fell about 123 points, or 0.4%, to end near 29,136, its lowest closing level since November 2020, according to Dow Jones Market Data. The […]

Sep 27
SEC sues former MoviePass executives for fraud

The Securities and Exchange Commission has sued former top executives at MoviePass and its parent company, Helios & Matheson HMNY, , for fraud. The complaint, filed Monday in the U.S. District Court for New York’s southern district, alleges Ted Farnsworth and Mitch Lowe “intentionally and repeatedly disseminated to the public materially false or misleading statements […]

Sep 27
Hurricane Ian prompts Jan. 6 committee to postpone Wednesday hearing

The House committee investigating the Jan. 6, 2021 attack on the U.S. Capitol has postponed its scheduled Wednesday hearing as Hurricane Ian approaches Florida. “In light of Hurricane Ian bearing down on parts of Florida, we have decided to postpone tomorrow’s proceedings. We’re praying for the safety of all those in the storm’s path. The […]

Sep 27
Nasdaq turns positive as stocks pare losses heading into last hour of trading

U.S. stocks are paring their losses Tuesday afternoon after the Dow Jones Industrial Average briefly dropped below 29,000 for the first time in nearly two years earlier. The Nasdaq Composite COMP, +0.25% turned higher, trading up 30 points, or 0.3%, to 10,832. The S&P 500 SPX, -0.21% was down 6 points, or 0.2%, at 3,650. […]

Sep 27
Walt Disney shutters operations in Florida as it braces for Hurricane Ian

The Magic Kingdom is shutting down in Florida for a few days. Walt Disney Co. DIS, -2.31% on Tuesday announced it will shutter all four of its Orlando-based theme parks — Animal Kingdom, Hollywood Studios, Epcot and Magic Kingdom — on Wednesday and Thursday as Hurricane Ian bears down on the west coast of Florida. […]

Sep 27
Citibank Wave Analysis – 27 September, 2022

• Citibank under bearish pressure • Likely to fall to support level 40.00 Citibank under the bearish pressure after the price broke the key support level 43.50 (former multi-month low from the middle of July). The breakout of the support level 43.50 continues the clear multi-month downtrend that can be seen on the daily and […]