Markets

Tech stock ‘meltup’ puts Nasdaq-100 on verge of exiting bear market

A technology stock “meltup” put the Nasdaq-100 index on the verge of exiting bear-market territory Thursday. The index NDX, +3.01%, heavily weighted toward megacap names, was up 2.9% at 12,727 Thursday afternoon, and traded as high as 12,880.98. A close at or above 12,815.21 would mark a rise of 20% from its Oct. 17 low …

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Golf Entertainment Company Drive Shack Begins Trading on the OTCQX Market » Dallas Innovates

Hana Khouri of Drive Shack [Photo: Michael Samples/Dallas Innovates] Dallas-based Drive Shack Inc., an owner and operator of golf-related leisure and entertainment businesses, announced it has qualified to trade on the OTCQX Best Market. “We are excited to trade on the OTCQX market to allow efficient, cost-effective access to the US capital markets and transparent …

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UnitedHealth stock can be blamed for most of the Dow’s decline while the rest of the stock market rallies

The Dow Jones Industrial Average’s DJIA, -0.67% selloff, in the face of a big rally in the broader stock market, is mostly the fault of one company’s stock. United Health Group Inc. shares UNH, -5.71% tumbled 5.7% in afternoon trading, in the wake of lower-than-expected Medicare Advantage rates proposed in 2024. The health insurer’s stock …

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The Stock Market Jumped After a Rate Hike; What This Should Tell Investors

Yesterday, following their scheduled two-day meeting, the Fed did exactly what everyone had forecast they would do, and raised interest rates by a quarter of a point. It should probably have been a big non-event given that the bond market had, the day before, priced in a 98-99% chance of that being the outcome. If …

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Looser Financial Conditions Pose Conundrum for Central Banks

Central banks aggressively hiked interest rates last year as inflation in many countries rose to the highest levels in decades. Now, falling energy prices are reducing headline inflation and fueling optimism that monetary policy may be eased later this year. Such expectations have caused a sharp decline in global longer-term interest rates and boosted financial …

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The housing market is chilling into Fed’s mortgage bond exit

The Federal Reserve fired off a smaller interest rate increase on Wednesday, while hinting it might soon be toning down its inflation fight, even before it hardly puts a dent in its pile of mortgage bond holdings. “We have no incentive and no intention to overtighten,” Fed Chairman Jerome Powell said in his news conference …

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Why are Bitcoin and crypto pumping after the Fed meeting? Watch Market Talks live

In this week’s episode of Market Talks, Cointelegraph welcomes Budd White, chief product officer and co-founder of Tacen — a United States-based software company developing compliance software for a well-regulated crypto space. To kick things off, we get to know White a little better and find out his background and what drew him to the …

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Dow’s 86-point drop led by losses in shares of United Health, Merck

Behind declines for shares of UnitedHealth and Merck, the Dow Jones Industrial Average is declining Thursday afternoon. Shares of United Health UNH, -5.42% and Merck MRK, -4.54% have contributed to the index’s intraday decline, as the Dow DJIA, -0.31% was most recently trading 86 points (0.3%) lower. UnitedHealth’s shares have declined $25.46 (5.1%) while those …

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