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January 24, 2020
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CNBC Business

Dow turns positive, erases 200-point drop after WHO calms coronavirus fears

CNBC
CNBC – For more and to sign up click here Stocks clawed back their earlier losses on Thursday after the World Health Organization quelled some of the fears around the deadly coronavirus. The S&P 500 traded 0.1% higher while the Nasdaq Composite was up 0.2%. The Dow Jones Industrial Average was traded......
CNBC Business

Bill Miller doubles returns in 2019, thinks stocks will rise in 2020

CNBC
CNBC – For more and to sign up click here Bill Miller Scott Mlyn | CNBC Investor Bill Miller came back with a bang in 2019, riding the stock market’s relentless rally to record highs. He also thinks there may be more gains in 2020. Miller’s firm, Miller Value Partners,......
CNBC Business

Citi stock model says 90% chance of gains in next 12 months

CNBC
CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020. Brendan McDermid | Reuters With the S&P 500‘s valuation approaching its peak in a record-long bull run, investors worry the market......
CNBC Business

Dow down, GE jumps, Tesla rebounds, utilities at records

CNBC
CNBC – For more and to sign up click here This is a live blog. Check back for updates. 10:05 am: Utilities hit record highs 9:58 am: Travelers hits the Dow Not a name we talk about everyday, but Travelers is having an outsized impact on the Dow on Thursday,......
CNBC Business

Chinese stocks drop as coronavirus death toll rises

CNBC
CNBC – For more and to sign up click here Stocks in Asia declined in Thursday morning trade as the death toll rises in China due to a pneumonia-causing virus outbreak. Mainland Chinese stocks fell in early trade, with the Shanghai composite down about 0.8% while the Shenzhen component dropped......
CNBC Business

Stocks close little changed, IBM leads tech shares higher

CNBC
CNBC – For more and to sign up click here Stocks ended a volatile session along the flatline on Wednesday despite strong gains from IBM that lifted the overall technology sector. The Dow Jones Industrial Average dipped 9 points, or less than 0.1%. Earlier in the day, the Dow was......
CNBC Business

Dow set to rise, IBM surging, coronavirus effect

CNBC
CNBC – For more and to sign up click here This is a live blog. Check back for updates. 9:51 am: Coronavirus death toll rises CNBC’s Eunice Yoon reported Chinese state TV confirmed the coronavirus has killed 17 people with confirmed cases climbing to 444 in total. The virus stemmed from......
CNBC Business

Mnuchin says there’s no deadlines for ‘phase two’ trade deal

CNBC
CNBC – For more and to sign up click here Steven Mnuchin, U.S. Treasury secretary, speaks during a press briefing at the White House in Washington, D.C., U.S., on Monday, July 15, 2019. Al Drago | Bloomberg | Getty Images There is no deadline for the “phase two” China deal,......
CNBC Business

Dow falls more than 100 points amid first US case of coronavirus, big decline in Boeing

CNBC
CNBC – For more and to sign up click here Stocks pulled back from record levels on Tuesday after the Centers for Disease Control told Reuters that a traveler from China was diagnosed with the first U.S. case of coronavirus in Seattle. The Dow Jones Industrial Average fell 152.06 points,......
CNBC Business

New China coronavirus spooks global markets

CNBC
CNBC – For more and to sign up click here Kazakh sanitary-epidemiological service worker uses a thermal scanner to detect travellers from China who may have symptoms possibly connected with the previously unknown coronavirus, at Almaty International Airport, Kazakhstan January 21, 2020. Pavel Mikheyev | Reuters Fears that China’s latest......
CNBC - Real Estate

US housing starts soar—best stocks to buy, according to some traders

CNBC Real Estate
It’s good time to be a homebuilder. The iShares U.S. Home Construction ETF (ITB), which tracks the homebuilding stocks, surged Friday to highs not seen since 2006 following blockbuster data for U.S. housing starts, which jumped 16.9% to 13-year highs in December. The ETF touched a high of $47.55 in......
CNBC Business

‘Boring’ economy spells winning year for stocks, Barclays’ Mike Gapen

CNBC
CNBC – For more and to sign up click here Top Wall Street economist Michael Gapen believes the market’s record rally has stamina. The Barclays head of U.S. economics research cites a calm economic backdrop as a major driver. “We’re kind of sitting at a trend-like outlook where growth is......
CNBC Business

Why wealthy investors are increasingly bullish on economy to start 2020

CNBC
CNBC – For more and to sign up click here A man runs past the New York Stock Exchange (NYSE). Bloomberg There already have been six new all-time highs for stocks in the 12 trading days of 2020, putting the S&P 500 up close to 3% since the year started.......
CNBC Business

Stocks appear detached from reality, rallying in anticipation of two things that may not happen

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters The new year is not even three full weeks old, and already half a trillion dollars has......
CNBC Business

Earnings will decide whether market continues to hit new highs

CNBC
CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters With the Chinese trade deal out of the way, earnings could be the biggest driver for stocks in the week ahead, as big tech, financial,......
CNBC Business

More record highs on Wall Street

CNBC
CNBC – For more and to sign up click here Traders work the floor at the NYSE . Brendan McDermid | Reuters Dow Jones Industrial Average rises 50 points The Dow gained 50.46 points, or 0.17%, to close at 29,348.10. The S&P 500 climbed 0.39% to 3,329.62. The Nasdaq Composite......
CNBC Business

As stocks hit more more records, there are signs traders may be getting way too euphoric

CNBC
CNBC – For more and to sign up click here Traders work on the floor at the New York Stock Exchange. Brendan McDermid | Reuters Wall Street may be getting a bit too excited about the stock market’s hot start to the new year. The S&P 500 has already jumped......
CNBC Business

David Tepper and Stanley Druckenmiller still bullish on stocks

CNBC
CNBC – For more and to sign up click here Billionaire investors David Tepper and Stanley Druckenmiller told CNBC on Friday they remain bullish on the market even as stocks keep hitting record highs. Tepper, the Appaloosa Management founder, exclusively emailed “Squawk Box” co-host Joe Kernen, saying, “I love riding......
CNBC Business

Stocks cut earlier gains and are little changed

CNBC
CNBC – For more and to sign up click here Stocks were little changed on Friday after hitting record highs as Wall Street wrapped up a solid weekly performance amid strong global economic data and a solid start to the earnings season. The Dow Jones Industrial Average traded just 2 points......
CNBC Business

S&P 500 tops 3,300 for the first time as stocks surge on strong earnings and data

CNBC
CNBC – For more and to sign up click here Stocks rose on Thursday to fresh record highs after Morgan Stanley reported quarterly figures that easily topped analyst expectations while investors digested solid data on the U.S. economy. The S&P 500 jumped 0.8% to 3,316.81, breaking above 3,300 for the first......

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