Stocks were flat this morning after another downbeat session. Tech shares plunged yesterday following a warning of slowing growth from Snap Inc. and a negative adjustment to its Q2 outlook. The social media company’s message came as a reality check for investors eyeing beaten-down growth names that...
Stocks ticked higher in early trading as investors processed minutes from the May FOMC meeting, released yesterday. According to the minutes, participants “noted that a restrictive stance of policy may well become appropriate depending on the evolving economic outlook and the risks to the outlook.”
U.S. equity markets finished higher last week, as the major averages snapped their recent losing streaks. The Dow broke an eight-week losing streak, its longest in nearly a century, with a 6.2% gain. The S&P and the Nasdaq each broke a seven-week losing streak, the longest since...