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.
Schlagwort-Archiv: Financial
‚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.
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.
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.
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.
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.
Stocks making the biggest moves in the premarket: Athene, Apollo Global, GE, AerCap & more
The stocks making the biggest moves in premarket trading include Athene, Apollo Global, General Electric, AerCap, and more.
Student loan forgiveness may become tax-free under Covid relief bill. Here’s what that means for borrowers
The stimulus bill working its way through Congress would end the policy of taxing borrowers‘ forgiven student debt. That could save some people up to $10,000.
Fidelity leads a $376 million investment in Starling, valuing the UK digital bank at $1.5 billion
Starling said it would use the money to expand into Europe, and for anticipated mergers and acquisitions.
Futures rebound off lows following David Tepper’s bullish comments, Dow futures rise 130 points
Futures tied to the Nasdaq fell early Monday morning as a new stimulus package from Washington headed toward final passage this week.