Stock Market Is Top-Heavy, but Carnage Is Widespread

Eight companies are to blame for nearly half the stock market’s decline this year — and the pain doesn’t end there. Apple Inc., Microsoft Corp. Amazon. com Inc., Tesla Inc. and the parent companies of Google and Facebook swelled to be so big in recent years that they accounted for 25% of the S&P 500 … Read more

Stock Markets Wobble as Bear Market Looms Over S&P 500

US stocks wavered Thursday on growing worries of an economic slowdown that sent investors into the haven of government bonds. The S&P 500 was recently up about 0.1%, though still close to bear market territory — market shorthand for a 20% fall from a recent high. The index tumbled 4% Wednesday, its biggest one-day retreat … Read more

Stock Selloff Crunches SPAC Creators as They Race to Find Deals

An investor stampede out of risky trades is squeezing SPACs that are running out of time to find companies to take public, potentially leaving their architects without deals and saddled with sizable losses. Firms that have gone public through mergers with special-purpose acquisition companies have tumbled lately alongside the technology sector and cryptocurrencies. Supply-chain disruptions … Read more

Melvin Capital to Close Funds, Return Cash to Investors

Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year. In a letter to investors that was reviewed by The Wall Street Journal, Gabe Plotkin, … Read more

Stocks Open Lower After Tuesday Rally

US stock indexes fell in early trading after signs that rising costs were weighing on some companies’ profits, putting Wall Street on course to extend the year’s volatility. The Dow Jones Industrial Average fell 400 points shortly after the open Wednesday, down about 1.3%. The S&P 500 fell 1.5%, and the tech-focused Nasdaq Composite receded … Read more

Why this investor who paid $ 650,000 to lunch with Buffett isn’t buying or selling stocks right now

It’s a 13-F season, and you’re not going to find many like Guy Spier’s Aquamarine Capital in the first quarter —- zero buys, zero sells. “Pathetic, isn’t it,” quips Spier in an interview. Spier says he feels less pressure to trade for trading sake after he stopped charging management fees. He also cites the possibly … Read more

Dow climbs third straight day as stocks end sharply higher after retail sales, Fed Chair Powell’s remarks

US stocks closed sharply higher Tuesday, after retail sales data for April suggested the economy remained healthy and as investors weighed remarks by Federal Reserve Chairman Jerome Powell. On Monday, the Dow finished less than 0.1% higher, the S&P 500 closed 0.4% lower and the Nasdaq fell 1.2%. The declines followed another losing week for … Read more

Tech Shares Rebound, Leading Stock Rally

US stock indexes climbed Tuesday as investors snapped up beaten-down shares in the technology, banking, airline and other sectors. The S&P 500 rose about 2% in 4 pm trading, while the Dow Jones Industrial Average added about 430 points, or around 1.3%. The tech-heavy Nasdaq Composite jumped about 2.8%, rebounding after it fell 1.2% on … Read more

Stocks Rise Ahead of Powell Talk

US stock indexes climbed Tuesday as investors snapped up beaten-down shares in technology, banking and other sectors. The S&P 500 rose 1.4% in morning trading, while the Dow Jones Industrial Average added 0.9%. The tech-heavy Nasdaq Composite jumped 1.7%, rebounding after it fell 1.2% on Monday in a late-session selloff. US stocks have taken a … Read more

Dow futures up over 300 points after retail sales as investors await Fed’s Powell

US stock-index futures were in bounce mode Tuesday as US retail sales for April came in slightly below expectations and investors awaited remarks by Fed Chairman Jerome Powell. How are stock-index futures trading? S&P 500 futures ES00 climbed 59 points, or 1.5%, to 4,063.75. Dow Jones Industrial Average futures YM00 surged 396 points, or 1.2%, … Read more