U.S. and China signal positive intent, Amazon teams up with FedEx, Bitcoin stalls, and more…
| Monday’s Markets | |
|---|---|
| S&P 500 5,844 (+3.26%) |
|
| Nasdaq 18,708 (+4.35%) |
|
| Dow 42,410 (+2.81%) |
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| Bitcoin $102,190 (-2.09%) |
|
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» Read more about: Breakfast News: S&P 500 Climbs, VIX Declines »
(Reuters) -Coinbase Global’s shares jumped nearly 10% in premarket trading on Tuesday after the cryptocurrency exchange became the first digital asset player to be included in the benchmark S&P 500 index.
It will replace credit card issuer Discover Financial, which is being acquired by Capital One. The move will be effective before trading begins on May 19.
» Read more about: Coinbase shares jump on addition to S&P 500 index »
April’s Consumer Price Index (CPI) report showed inflation pressures eased in the first month that many of President Trump’s tariffs were in effect.
The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.3% over the prior year in April, a slowdown from March’s 2.4% and below economists’
Stock futures were mixed Tuesday after kicking off the week with massive gains fueled by a de-escalation in the trade spat between the U.S. and China.
Futures tied to the Dow Jones Industrial Average were recently down 0.5%, with the bulk of that related to a 9% drop in shares of UnitedHealth Group (UNH) as the health insurance giant suspended its full-year outlook and announced that CEO Andrew Witty had stepped down.
April’s Consumer Price Index (CPI) report showed inflation pressures eased in the first month that many of President Trump’s tariffs were in effect.
The latest data from the Bureau of Labor Statistics showed that consumer prices increased 2.3% over the prior year in April, a slowdown from March’s 2.4% and below economists’
The blue-chip index was on track to open down 140 points. UnitedHealth stock, down 10% in premarket trading, was on track to shave 214 points off the Dow, putting the index in negative territory on its own. UnitedHealth closed Monday with a stock price of $380.64, making it one of the largest members the Dow because the index weighs its components by stock price,
» Read more about: UnitedHealth Stock Is a Big Drag on the Dow »
Stock market futures fell early Tuesday ahead of the release of the April consumer price index (CPI) report, which is expected to show the first impact of President Donald Trump’s tariffs on inflation. The Dow Jones Industrial Average (Dow) Futures fell 247 points, or 0.5%. The S&P 500 futures and Nasdaq-100 futures dipped 0.2% each.
» Read more about: Stock market futures: What is affecting Dow, S&P and Nasdaq futures today? »
Traveling wasn’t unusual for Jim Laabs, a 72-year-old retiree from the Midwest. As a former regional sales director, Laabs spent 65% to 70% of his time on the road in the US and Canada.
Later in his career, his partner would join him. But as they approached retirement, they wanted to take it slower — and wondered if they could afford to be snowbirds for about five months a year in Southern California or Arizona,
When determining the appropriate allocation of your total net worth to Fixed Deposits (FDs) – often considered low-return, risk-free assets – it is important to find a balance between capital preservation and growth potential. Fixed deposits offer stability and security during market downturns, serving a different purpose than equity investments.
While mutual funds,
Small-cap value mutual funds provide excellent choices for investors looking for bargains, i.e., stocks at a discount with impressive growth potential. Value mutual funds comprise stocks trading at a discount to book value, low price-to-earnings ratios and high dividend yields.
Value investing is a very popular strategy, and for a good reason.
» Read more about: Buy These 3 Small-Cap Value Mutual Funds for Amazing Returns »