Bitcoin’s plummet over the weekend didn’t just affect crypto enthusiasts; it affected high-flying tech stocks with significant exposure, such as Tesla (TSLA) and Coinbase (COIN) in yesterday’s session. Combined with investors taking profits from bank stocks that crushed earnings last week, this week started off with declines...
Stocks were flat in early trading this morning as earnings season continues to unfold. Although 90% of the S&P 500 companies have delivered robust results, expectations are high and most of the good news has already been priced in. A few of the companies reporting today are Verizon...
Stocks rebounded slightly in early trading following yesterday’s turbulent session. Stocks dragged lower after multiple news outlets reported that President Joe Biden is slated to propose much higher capital gains taxes for the rich. The proposal would hike the capital gains rate to 39.6% for those earning...
Stocks were relatively flat this morning after yesterday’s wild ride. A sudden and steep drop in Bitcoin was one contributing factor to an early morning exodus out of the speculative areas of the market in yesterday’s session.
Following a tumultuous and turbulent year in...
Enthusiasm around a strong economic reopening helped push stocks higher in early trading. One sentiment boosting factor was positive news from the CDC. Daily infection levels are at their lowest since March 2020 and more than 50% of the U.S. population has had at least one dose...