Finance

Wall Street may be underpricing a risk associated with the next Federal Reserve meeting on interest rates. According to Richard Bernstein Advisors’ Michael Contopoulos, it may come down to President-elect Joe Biden’s pick for Treasury secretary: former Fed Chair Janet Yellen. Contopoulos speculates the Fed could see her appointment as a dovish influence and it

Check out the companies making headlines before the bell Thursday: Express (EXPR) — Shares of Express tanked 25% after the retailer reported a wider-than-expected earnings loss. Express said it lost $1.39 per share in the third quarter, versus an estimated loss of 51 cents per Refinitiv. Its revenue also missed expectations. Tesla (TSLA) — Shares

Pedestrians walk in front of the JPMorgan Chase headquarters building in New York. Scott Mlyn | CNBC JPMorgan Chase said that its asset management division has agreed to buy a fintech start-up that helps financial advisors automate the construction of tax-efficient portfolios. The move to acquire Boston-based 55ip, announced Wednesday in a press release, is

There may be more juice left in the fourth quarter. Ally Invest’s Lindsey Bell said she believes the backdrop supports December gains. “We’re positive that it will be a good end to 2020,” the firm’s chief investment strategist told CNBC’s “Trading Nation” on Wednesday. Bell sees optimism surrounding another coronavirus aid package providing a near-term

Check out the companies making headlines in midday trading.  Palantir — The tech company slid more than 10% after Morgan Stanley downgraded the stock to underweight. The firm said Palantir now trades at a “significant premium” to its peers following shares’ more than 100% jump since the company went public on Sept. 30. Tesla —

It may be a good time to lock in market gains for the year. Credit Suisse’s Jonathan Golub believes the latest all-time highs will run into trouble this month. “If you’re somebody who just came into a boatload of money … perhaps [wait] until after inauguration,” the firm’s chief U.S. equity strategist told CNBC’s “Trading

U.S. stock futures fell in overnight trading on Tuesday, despite recent strength that has brought the major averages to record highs. Dow futures fell about 120 points. S&P 500 futures fell 0.2% and Nasdaq 100 futures lost 0.1%. Dow component Salesforce announced it is acquiring messaging platform Slack for $27.7 billion after the bell on

Zoom Video Communications Inc. founder and CEO Eric Yuan at the company’s IPO at Nasdaq MarketSite in New York, April 18, 2019. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Zoom Video – Shares dropped nearly 14% as investors digested signs that the video conferencing company’s

Traders work on the floor of the New York Stock Exchange on Nov. 4th. 2020. NYSE U.S. stock futures rose on Monday night after the major averages notched sharp monthly gains for November. Dow Jones Industrial Average futures traded 102 points higher, or 0.3%. S&P 500 and Nasdaq 100 futures advanced 0.4% and 0.6%, respectively.

Tesla CEO Elon Musk gestures as he arrives to visit the construction site of the future US electric car giant Tesla, on September 03, 2020 in Gruenheide near Berlin. Odd Andersen | AFP | Getty Images Tesla will be added to the S&P 500 in a single step despite its more than $500 billion market

Moderna in Cambridge, MA is pictured on Feb. 28, 2020. David L. Ryan | The Boston Globe via Getty Images Check out the companies making headlines midday Monday: Moderna — Shares rallied more than 14% after the drugmaker said its coronavirus vaccine candidate was more than 94% effective in preventing Covid-19 during a trial. The

One of Wall Street’s biggest bulls expects another market breakout. Capital Wealth Planning’s Jeff Saut sees the S&P 500 hitting 4,000 before year-end — a 10% gain from Friday’s close and an 83% gain from the March 23 low. “Earnings are going to continue to come in better than most people think,” the firm’s advisory

Stock futures dipped in overnight trading on Sunday as the market looks set to finish November with historically strong gains. Futures on the Dow Jones Industrial Average fell 80 points. S&P 500 futures traded 0.1% lower and Nasdaq 100 futures gained 0.2%. The blue-chip Dow has risen 12.9% so far this month, on pace for

Take a look at some of the biggest movers in the premarket: AstraZeneca (AZN) – AstraZeneca is likely to run a new global trial of its Covid-19 vaccine candidate, according to CEO Pascal Soriot. He told Bloomberg News that the drugmaker may launch a fresh study testing the vaccine at a lower dosage, rather than

An Amazon.com Inc worker prepares an order in which the buyer asked for an item to be gift wrapped at a fulfillment center in Shakopee, Minnesota, U.S., November 12, 2020. Amazon.com Inc | Reuters Check out the companies making headlines in midday trading.  Moderna — The drugmaker’s stock jumped 16.4% after AstraZeneca’s CEO said the

Stocks rose on Friday as traders wrapped up a strong week amid decreasing political uncertainty and positive vaccine news. The Dow Jones Industrial Average traded higher by 40 points, or 0.1%. The S&P 500 gained 0.4% and the Nasdaq Composite advanced 1.1%. The Cboe Volatility Index (VIX), Wall Street’s preferred fear gauge, dipped below 20

A person walks into the Nordstrom store open for business as New York City moves into Phase 2 of re-opening following restrictions imposed to curb the coronavirus pandemic on June 29, 2020 in New York, New York. Rob Kim | Getty Images Check out the companies making headlines after hours on Tuesday: HP Inc. —

Take a look at some of the biggest movers in the premarket: Gap (GPS) – Gap reported quarterly earnings of 25 cents per share, missing consensus estimates by 7 cents a share. The apparel retailer’s revenue beat forecasts, however. Gap’s bottom line was hurt by increased marketing and shipping costs resulting from a shift to

Federal Reserve officials took part in a detailed discussion about their asset purchase program during the meeting earlier this month, at which some members said they expect several changes to be enacted. The Fed on Wednesday released minutes from its Nov. 4-5 policy meeting. Officials at that meeting voted to keep benchmark short-term borrowing rates

Check out the companies making headlines in midday trading.  Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the period, ahead of the $1.49 expected by analysts surveyed by Refinitiv. The company said in