The Dow hit a 10th straight day of losses, its worst streak since 1974, as stocks plummeted amid the outlook for fewer rate cuts in 2025.
Fintech firm Nukkleus saw its market cap jump from about $3 million to $125 million in just two days.
BofA said Expedia is its top internet value stock, hiking its price target to $221 amid improving US travel trends and a management shakeup under its new CEO.
Telsa's stock has soared along with CEO Elon Musk's visibility after Donald Trump's victory.
"Stocks tend to do well in the absence of news and this is why strength around holidays tends to occur," Ryan Detrick said.
(Bloomberg) -- Global investors are looking to Southeast Asia for some shelter as they brace for uncertainties surrounding Donald Trump’s trade policies, boosting prospects for the region’s stocks in the coming year.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousThe US president-elect’s targeted tariff plan for China is likely to accelerate a shift in global supply chains and foreign direct investment that may favor the region, analysts said. Meanwhile, ec
The Fed cutting interest rates less than expected in 2025 will still be bullish for stocks, according to Fundstrat's Tom Lee.
Markets are pricing in a 95% chance the Fed will cut rates 25 basis points at their December policy meeting. The outlook in 2025 is less certain.
(Bloomberg) -- The Federal Reserve did what markets expected Wednesday. But that didn’t stop investors from dumping risk assets in droves.Most Read from BloombergNYPD Car Chases Are Becoming More Frequent — and More DangerousStock sold off violently at the end of the session after the Fed cut interest rates by a quarter of a percentage point, its third straight reduction, and Chair Jerome Powell indicated that the central bank will likely put further reductions on hold while inflation stays abov
The Federal Reserve has spoken, and as far as investors are concerned, the message was clear - clearly hawkish. Investors in Asia go into Thursday on the defensive after the Fed cut interest rates by a quarter of a percentage point as expected, but signaled a slower pace of easing ahead.