Hold on to your hats. The Dow Jones Industrial Average briefly traded above 40,000 for the first time ever on Thursday but ended the day shy of a milestone that investors said could further boost bullish spirits on Wall Street. “Breaking the 40,000 barrier is a big psychological boost for...
Data on U.S. consumer prices, the most anticipated report of the month, was released early, yet it appears the market didn’t notice. The Bureau of Labor Statistics (BLS) reported that a subset of the files was accidentally posted on its website about 30 minutes before the scheduled release time, around...
The stock market has rebounded in May, nearing record territory after April’s pullback. The upcoming April inflation data, due Wednesday, is seen as a potential catalyst for either new highs or another decline. Tom Essaye, founder of Sevens Report Research, analyzed the potential “good, bad, and ugly” outcomes for the...
GameStop shares soared 74% on Monday after a social media post by Roaring Kitty. GameStop shares continued their rally in premarket trading on Tuesday, extending gains after the investor famously associated with the company’s 2021 surge posted on social media for the first time in three years. GameStop shares (GME)...
As stocks resume their upward climb towards record highs following a brief April downturn, a sense of complacency is returning to options markets. This shift is evident in the decreasing prices of hedges designed to protect investors’ portfolios against potential market pullbacks or crashes. Rocky Fishman, founder of Asym 500,...
The Threat Posed by Surging Profit Margins to Stocks The upward trajectory of corporate profit margins, while currently advantageous, cannot be sustained indefinitely, potentially signaling trouble for the stock market. Recent data from S&P Dow Jones Indices reveals that the S&P 500’s operating profit margin for the first quarter of...
