Dow ends about 200 points lower as stocks edge back from record territory
The Dow Jones Industrial Average fell 207.33 points, or 0.5%, ending at 43,750.86, posting a loss in two of the past three sessions.
The S&P 500 index shed 36.21 points, or 0.6%, closing at 5,949.17, posting its biggest daily decline since Oct. 31, according to Dow Jones Market Data.
The Nasdaq Composite index retreated 123.07 points,
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Read MoreDow Falls 200 Points. Wall Street Lowers Rate-Cut Expectations.
The stock market slipped again on Thursday after Wall Street dialed back rate-cut expectations in the wake of the latest inflation data and comments from Fed Chair Jerome Powell.
The Dow Jones Industrial Average fell 208 points, or 0.5%. The S&P 500 dropped 0.6%. The Nasdaq Composite was down 0.6%.
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Read MoreAnalysts Are Bullish on Top Healthcare Stocks: Voyager Therapeutics (VYGR), BioNTech SE (BNTX)
There’s a lot to be optimistic about in the Healthcare sector as 2 analysts just weighed in on Voyager Therapeutics (VYGR – Research Report) and BioNTech SE (BNTX – Research Report) with bullish sentiments.
Voyager Therapeutics (VYGR)
In a report released yesterday,
Read More2 Stocks I’m Adding to My RRSP This November
I’m going to be looking to deploy some capital into my Registered Retirement Savings Plan (RRSP) next month, so I thought I’d do a piece highlighting two stocks that are top of my list to add to in the coming month. These companies are top dividend stocks with long-term growth profiles that align with my expectations of above-market total returns.
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Read MoreCristiano Ronaldo addresses his retirement plans after surpassing record with Portugal
Despite nearing the twilight of his career, Cristiano Ronaldo continues to shine on the biggest stages of international soccer. Following a spectacular performance against Poland in the UEFA Nations League, Ronaldo broke yet another record from former Real Madrid teammate Sergio Ramos.
The Burst
Market Commentary: Is It Time To Buy Bitcoin?
It seems that Grayscale’s spot Bitcoin ETF has been in regulatory limbo longer than a Siberian Winter due to the Securities and Exchange Commission’s (SEC) hesitance to green-light it and that’s translating to frenetic moves in crypto once again.
In a recent decision, the SEC was ordered by a U.S. appeals court to review Grayscale’s application for a spot Bitcoin ETF.
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Read MoreThe Ivy
Did This Weird Ratio Signal The Top?
Correlations are not causation but they can be helpful in spotting weird patterns that reveal where the market may be heading next. One such correlation pattern that has surfaced recently is that of the ratio between the DIA and QQQ.
One trader spotted that when the ratio, DIA/QQQ, hits a low, it has often preceded a correction in the QQQs.
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Read MoreThe Spotlight
Is This the Safest Stock to Buy Today?
According to one study, when markets fell by 21%, retail portfolios were down by 32%. It’s been a devastating year for ordinary investors, which means “safe stocks” are back in vogue.
This desire for safer stocks is especially apparent among those who have seen firsthand that the “next big thing” can decline in price as quickly as it rises –