US stocks coast toward finish of a record-setting week
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Week That Meme Stocks Returned
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European Stocks Climb
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Intel stock falls after the chip maker reports a wider loss in the second quarter, while Centene rises even as it posts a surprise quarterly loss.
Beaten-down stocks such as Kohl’s, Krispy Kreme and Opendoor Technologies have taken off recently, as individual investors pile into heavily shorted equities. The stocks’ cult followings and their outsized gains mirror the performance of GameStop and AMC Entertainment during the original pandemic-era meme-stock frenzy.
A 15% U.S.-Japan trade deal and reports of a similar U.S.-EU deal have fueled a market resurgence. Seize the moment with 3 opportunistic stocks under $10.
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While some Wall Street companies are clearly rallying thanks to President Donald Trump’s policies, the same can’t be said for Main Street, according to a chart from BofA Global Research strategists, led by Michael Hartnett.
Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. quantitative strategists.
The Indian rupee declined to its weakest level in a month in early trading on Friday, pressured by a fall in local equities as well as investors cutting their very near-tenor bullish bets on the currency,
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UK stocks are poised to open a touch lower, potentially snapping a six-day winning streak as global investor appetite for risk wanes on lower expectations for easing from the US Federal Reserve. The pound has extended yesterday’s drop and is now trading below $1.
HYBE stock was down this week following fraud allegations against Chairman Bang and the convictions of three employees for insider trading.