Markets
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The S&P 500 has hit a wall, but powerful market forces are shaping up to push it through
The stock market, as measured by the S&P 500 Index SPX, +1.44%, continues to struggle to make headway. The downtrend that began at the beginning of February is still in place. It is a series of lower highs and lower lows on the SPX chart, and the S&P 500 has repeatedly run into resistance at…
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GCM23 | Gold Jun 2023 Overview
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Are tech stocks becoming a haven again? ‘It’s a mistake,’ say market analysts.
Volatility among banking-sector stocks caused by the quick collapse of Silicon Valley Bank earlier this month has ignited a rush into technology stocks to the extent that are now seen as a safe-haven trade. The tech-focused Nasdaq-100 index NDX, +1.68%, which tracks the top 100 nonfinancial companies listed on the Nasdaq exchange, has risen 18.5%…
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Here are the 20 best performing stocks of March — and the 20 worst
(Updated with closing prices on March 31.) Technology stocks dominated during March, with remarkable gains for a sector that tumbled last year. Meanwhile, two high-profile bank failures took their toll on the financial sector — but maybe that sector performed better than you expected. Below are lists of the month’s best and worst performing stocks…
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U.S. workers can’t keep their minds off work — especially if they’re higher-income, Pew study finds
U.S. workers are having a hard time disconnecting from work, and that could be causing burnout, according to a new study by Pew Research Center. The report, which interviewed more than 5,700 U.S. adults who are working full- or part-time about how the coronavirus pandemic affected their workplace and how they have adapted to remote…
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How the FDIC has set a ‘baseline’ for troubled commercial real estate
A bank failure can happen in the blink of an eye, but in the case of Silicon Valley Bank, the aftermath is taking longer to play out. And the Federal Deposit Insurance Corp.’s latest action — selling $72 billion of the failed San Francisco bank’s loans to First First Citizens BancShares of Raleigh, N.C., at…
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RCKY Stock Price | Rocky Brands Inc. Stock Quote (U.S.: Nasdaq)
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New Los Angeles ‘mansion tax’ has some sellers racing to close
In the rarified air of luxury Los Angeles real estate, 30 days is a common closing timeline and two weeks would be speedy, explained Billy Rose, who’s guided buyers and sellers through high-end home purchases for years. This week, work for Rose’s brokerage firm, The Agency, included two deals that went to closing in three…
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Right-wing social platforms rally after reports of Trump indictment, quarterly results
Shares of Rumble Inc. and Digital World Acquisition Corp. — both social-media-focused companies seeking to galvanize right-leaning users — raced higher after hours on Thursday following reports that a grand jury in Manhattan voted to indict former President Donald Trump. The indictment, still under seal, is likely to be made public in the days ahead,…
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Ford withdraws a self-driving-car petition, following skepticism over near-term prospects
Ford Motor Co. has withdrawn a petition to deploy a vehicle equipped with advanced driverless features, after concluding that the automobile industry is not close to profitable mass production of fully autonomous vehicles. The decision, detailed in an unpublished notice by the National Highway Traffic Safety Administration, follows the shuttering of the autonomous-vehicle startup Argo…