Latest Market News
Share of air carriers traded broadly higher Monday, amid growing optimism that the latest surge in COVID-19 cases to record daily levels won’t lead to widespread shutdowns given the omicron variant appears less severe and as more people are vaccinated. The U.S. Global Jets ETF JETS, +3.22% rallied 2.8% in afternoon trading, to outperform the […]
Shares of Genprex Inc. GNPX, +167.18% skyrocketed 121% on massive volume in afternoon trading Monday, after the gene therapy company said its Reqorsa Immunogene Therapy was granted Fast Track Designation (FTD) by the U.S. Food and Drug Administration for use in combination with Merck & Co. Inc.’s MRK, +0.30% cancer treatment Keytruda. Trading volume exploded […]
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 […]