A long holiday weekend did not slow markets from their search for the bottom, as Monday saw stocks retreat further into the red. Monday’s fall-off really only solidifies more investors’ concerns that we are already in a recession, and Wall Street seems to agree. In fact, one major brokerage firm thinks that even considering this turn lower, there are some […]

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. New York (CNN Business)Forget about an apple (or Apple) a day. Healthcare stocks may help keep the investing doctor away. Shares of Apple (AAPL) have plunged more than 20% this year. The FAANGs of Big Tech and other […]

While most of Wall Street focuses on large-cap and mega-cap stocks, as they provide a degree of safety and liquidity, many investors are limited in the number of shares they can buy. Many of the biggest public companies, especially the technology giants, trade in the hundreds, all the way up to over $1,000 per share or more. At those steep […]

With the first half of 2022 now in the books, it is a good time to check on how investors fared in what was a miserable six months. The S&P 500 posted its largest six-month loss since 1970, dropping 20.6%. The Nasdaq index fell by 28.6%, its largest first-half loss since 2008, and the Dow Jones industrials dropped 15.3%, its […]

The big news in the semiconductor industry is the coming (if slowly) initial public offering of U.K.-based chip designer Arm. The company’s $66 billion acquisition by Nvidia fell through and current owner SoftBank has decided to list the shares in London and New York at a valuation of around $50 billion. SoftBank CEO Masayoshi Son confirmed in May that the […]

New York (CNN Business)Bed Bath & Beyond is in serious trouble. It’s betting Target’s chief merchant can turn it around ahead of the critical holiday shopping season. The retailer ended its four-month search for a new CEO and named Mark Tritton, Target’s chief merchandising officer, to the role on Wednesday. Tritton worked in Target’s C-suite for three years, helping build […]

When every rally attempt fails, like the two we have seen this week, market veterans know that it is likely that the path of least resistance for the stock market is lower, at least in the meantime. The negative gross domestic product reading for the first quarter (the first such print since the second quarter of 2020), and the fact […]

Equities have continued their plunge into bear market territory, and none have been feeling it worse than tech stocks. While investors are looking for safe havens to ride out the bear market, it is equally important to avoid some industries that could be hit the hardest. Considering a potential recession is on the way (or already here), one major Wall […]

Gold prices drifted lower on Monday, paring early gains, but a weak dollar and lower Treasury yields helped limit the yellow metal’s downside. Gold prices moved higher earlier in the day, after U.S. President Joe Biden said Sunday that the United States and other Group of Seven leading economies will ban imports of gold from Russia. Britain, the United States, […]

The three major U.S. equity indexes closed higher Friday, with the Nasdaq adding 3.34%, the S&P 500 rising by 3.06% and the Dow Jones industrials closing up 2.68%. All 11 sectors ended higher, led by materials (up 4%) and communications services and consumer discretionary (both up 3.8%). Energy stocks (up 1.3%) posted the smallest daily gain Friday. Trading in Monday […]