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January 15, 2021

Stock

Stock futures little changed as Biden unveils $1.9 trillion stimulus plan

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stock futures were mostly flat on Thursday evening after President-elect Joe Biden announced details of a $1.9 trillion stimulus plan, one of the top agenda items when his......

Calm stock market may be anticipating Biden’s more normal White House

CNBC
CNBC – For more and to sign up click here U.S. President-elect Joe Biden speaks as he announces members of economics and jobs team at his transition headquarters in Wilmington, Delaware, U.S., January 8, 2021. Kevin Lemarque | Reuters President-elect Joe Biden’s inauguration next week is expected to usher in......

Stock futures rise following Wednesday’s slight gains

CNBC
CNBC – For more and to sign up click here U.S. stock futures rose on Wednesday night as traders kept an eye on interest rates and lingering turmoil in Washington. Dow Jones Industrial Average futures traded 66 points higher, or 0.2%. S&P 500 futures gained 0.2% along with Nasdaq 100......

Tech stock Sonos has rallied 300% since March, and trader has two ways to play the surge

CNBC
CNBC – For more and to sign up click here Tech stock Sonos has risen nearly 300% since March, and TradingAnalysis.com founder Todd Gordon is betting on an even bigger move to the upside. Sonos, which makes wireless speaker systems, has risen to a nearly $3 billion market cap after......

Stock futures flat after Monday’s session breaks winning streak

CNBC
CNBC – For more and to sign up click here U.S. equity futures were flat in overnight trading on Monday after breaking a win streak as investors grew worried about stocks’ stretched valuations. Dow futures rose 20 points. S&P 500 futures popped 0.07% and Nasdaq 100 futures rose 0.18%. On......

Elon Musk said ‘use Signal’ and confused investors sent the wrong stock up 438% on Monday

CNBC
CNBC – For more and to sign up click here BERLIN, GERMANY – SEPTEMBER 02: Tesla head Elon Musk arrives at a retreat of the German Christian Democrats CDU/CSU Bundestag faction on September 02, 2020 in Berlin, Germany. Musk is currently in Germany where he met with vaccine maker CureVac,......

Jim Cramer: ‘The futures just can’t seem to drag this stock market down’

CNBC
CNBC – For more and to sign up click here Stocks took a breather on Monday after a multi-day rally took major U.S. indexes to record highs last week, but market sentiment remained positive as investors continued to find new reasons to put more money in the market, CNBC’s Jim......

London calling: Doc Martens plans for IPO on London Stock Exchange

CBS News
CBS News – For more and to sign up click here The maker of Dr. Martens boots, the chunky-soled footwear once championed by rebellious young people but now favored by celebrities like Rihanna, plans to sell shares to the public as the existing owners seek to profit from growth of......

What rising rates could mean for the stock market

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the NYSE. NYSE The quick move higher in bond yields is sending a warning about the stock market – especially growth stocks. The benchmark 10-year Treasury has risen about 20 basis points since the......

Jeff Gundlach says stock market valuations are extraordinarily high, supported only by the Fed

CNBC
CNBC – For more and to sign up click here Jeffrey Gundlach Adam Jeffery | CNBC Jeffrey Gundlach, founder of DoubleLine Capital, raised concerns Monday about the stock market’s elevated valuation relative to historical levels and believes rising inflation could upend investors this year. “At extraordinarily high valuations is where......

Stock futures are flat after Wall Street closed at record highs to end last week

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Stock futures held steady in overnight trading Sunday as investors assessed the outlook for more Covid-19 relief stimulus. Futures on the Dow Jones Industrial Average dipped just 15......

Elon Musk told his followers to ‘use Signal,’ leading to 1,100% surge in unrelated stock with similar name

CNBC
CNBC – For more and to sign up click here Elon Musk, CEO of Tesla, stands on the construction site of the Tesla Gigafactory. In Grünheide near Berlin, September 3, 2020. Patrick Pleul | picture alliance | Getty Images When Tesla CEO Elon Musk urged his Twitter followers on Thursday......

Exclusive: Biden will release all available vaccine doses in break from Trump administration policy of holding back stock for second dose

CNN
USA TODAY – For more and to sign up click here Releasing all vaccine doses on hand could quickly ratchet up the availability of coronavirus vaccines by allowing more people access to a first dose. It could also be a risky strategy as both Pfizer/BioNTech and Moderna’s vaccines require two......

Cramer on Wall Street’s non-reaction to Capitol chaos: ‘The stock market’s not a referendum on the state of the nation’

CNBC
CNBC – For more and to sign up click here CNBC’s Jim Cramer on Thursday explained how stocks rallied on back-to-back days, despite the insurrection on Capitol Hill Wednesday that was inspired by President Donald Trump. One key to the market rally, according to Cramer, is the removal of uncertainty......

Stock futures little changed after Wall Street hits new record highs

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Investors will get a key piece of economic data on Friday morning when the Labor Department releases its monthly jobs report for December. Economists surveyed by Dow Jones......

The stock market is looking past DC turmoil and keeps going higher. Here’s why

CNBC
CNBC – For more and to sign up click here Traders work on the floor of the New York Stock Exchange. NYSE Despite the chaos at the Capitol, the S&P 500 closed Wednesday at a new high, baffling some observers. “I think most feel this [the Washington protests] is more......

Roblox raises $520 million ahead of planned stock market direct listing

CNBC
CNBC – For more and to sign up click here A rendering of the in-game action from the hit Roblox game “Jailbreak.” Source: Roblox Roblox, the kids online gaming company, said on Wednesday that it raised $520 million in a private financing round and announced separately that it will soon......

U.S. considering adding Alibaba, Tencent to China stock ban -sources

Reuters
(Reuters) – The Trump administration is considering adding Alibaba Group Holding Ltd and Tencent Holdings Ltd to a blacklist of Chinese companies that are allegedly owned or controlled by the Chinese military, two people familiar with the matter told Reuters. The news was first reported by the Wall Street Journal,......

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