Women have ascended to some of the highest posts in government and private industry, but there’s still work to be done in the world of finance.
Cathie Wood’s Ark Innovation fund is set for a big rebound Tuesday as Tesla, other tech darlings pop
Wood has been hammered lately amid a big market rotation out of high-flying tech and into cyclical value stocks in the face of higher rates.
Stocks making the biggest moves in the premarket: Stitch Fix, Dick’s Sporting Goods, Peloton & more
The stocks making the biggest moves in premarket trading include Stitch Fix, Dick’s Sporting Goods, Peloton, and more.
‚Significant long-term scarring‘ in services will limit pent-up consumer demand and suppress inflation, economist Stephen Roach predicts
Economist Stephen Roach said Monday that Wall Street is overestimating a consumer demand comeback.
Nasdaq futures jump 2.5% as bond yields retreat, Dow futures gain 170 points
On Monday, the Dow Jones Industrial Average rallied more than 300 points on investor optimism about the economic comeback from the pandemic.
Dick’s Sporting Goods shares fall as retailer predicts slowing sales in year ahead
Dick’s Sporting Goods topped Wall Street’s estimates, as shoppers continued to buy equipment and apparel for working out during the pandemic.
Stitch Fix swings to a quarterly loss and softens outlook on shipping delays; shares plunge
The subscription styling service lowered its revenue forecast for the current quarter and fiscal year.
Treasury yields stay on the retreat ahead of North American trading
10-year Treasury yields are down by nearly 7 bps to 1.521%
The drop sees 10-year yields fall to their lowest since last Thursday, backing off from a test of 1.60% yesterday. The retreat in yields is keeping risk assets more buoyed with European indices holding modest gains now as US futures keep higher.
The drop sees 10-year yields fall to their lowest since last Thursday, backing off from a test of 1.60% yesterday. The retreat in yields is keeping risk assets more buoyed with European indices holding modest gains now as US futures keep higher.
AUD/USD runs into a test of key near-term levels as dollar holds weaker on the day
AUD/USD moves up to test its 100-hour moving average
Of note, the pair is testing resistance from its 100-hour moving average (red line) @ 0.7715, trendline resistance @ 0.7704 and the 23.6 retracement level @ 0.7713.
Of note, the pair is testing resistance from its 100-hour moving average (red line) @ 0.7715, trendline resistance @ 0.7704 and the 23.6 retracement level @ 0.7713.
US February NFIB small business optimism index 95.8 vs 97.0 expected
Latest data released by NFIB – 9 March 2021