Cryptocurrency Daily Roundup – Oct. 16

Cryptocurrency Daily Roundup – Oct. 16
Cryptocurrencies were a mixed bag Tuesday morning after a strong showing a day earlier apparently on fears that the controversial stablecoin Tether was likely to fail in maintaining its 1:1 peg to the dollar. Bitcoin was trading lower, while Ethereum was rising. Tether, which trades with the symbol USDT, recovered early Tuesday and was trading at $0.98 as of 10.46... Read More

Dow opens up by more than 200 points, but Wall Street remains skittish

Dow opens up by more than 200 points, but Wall Street remains skittish
U.S. stock benchmarks on Tuesday kicked off trade firmly higher as investors focused on strong corporate results, which have helped to lift otherwise shaky sentiment. The Dow Jones Industrial Average DJIA, +0.87% rose 235 points, or 0.9%, at 25,480, the S&P 500 index SPX, +0.80% advanced 0.7% at 2,770, while the Nasdaq Composite Index COMP, +1.10% added 1.1% at 7,507,... Read More

Sears bonds fall deep into distressed territory after bankruptcy filing

Sears bonds fall deep into distressed territory after bankruptcy filing
Sears Holdings Corp.’s SHLD, -23.83% junk bonds sold off sharply Monday, after the iconic retailer filed for bankruptcy after years of declining sales and profit. The spread on the company’s most active bonds, the 7.000% notes that mature in June of 2032, widened 207 basis points Monday to 1,786 basis points over comparable Treasurys, putting them deep in distressed territory.... Read More

Asian Shares Mixed In Cautious Trade

Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed in cautious trade on Tuesday amid lingering global trade tensions and rising geopolitical risks in the Middle East. Investors also waited to take cues from upcoming corporate earnings results and the minutes of the U.S. Federal Reserve’s latest policy meeting, due Wednesday. Chinese stocks gave up early gains to end lower after the release of inflation... Read More

European Shares Set To Open On Mixed Note

European Shares Set To Open On Mixed Note
European stocks may open on a mixed note Tuesday amid Brexit uncertainty and escalating tensions between Saudi Arabia and the West. The British pound suffered further falls as investors braced themselves for a “no deal Brexit.” A no-deal Brexit is “more likely than ever before,” European Council President Donald Tusk warned in a letter to EU leaders Monday, but he... Read More

Asian Markets Mostly Higher With Modest Gains

Asian Markets Mostly Higher With Modest Gains
Asian stock markets are mostly higher on Tuesday with markets attempting a rebound after recording losses in the previous session, despite the weak cues overnight from Wall Street and as investors shift focus to upcoming corporate earnings results. Nevertheless, gains are modest in most markets amid worries about higher oil prices following rising tensions between Saudi Arabia and the West... Read More

Stocks Fluctuate Before Closing Mostly Lower – U.S. Commentary

Stocks Fluctuate Before Closing Mostly Lower – U.S. Commentary
Stocks fluctuated over the course of the trading session on Monday following the rebound seen last Friday. After recovering from an early move to the downside, the major averages spent the day bouncing back and forth across the unchanged line. The major averages ended the day firmly in negative territory. The Dow fell 89.44 points or 0.4 percent to 25,250.55,... Read More

Stocks Regain Ground After Early Move To The Downside – U.S. Commentary

Stocks Regain Ground After Early Move To The Downside – U.S. Commentary
After an early move to the downside, stocks have regained ground over the course of the trading session on Monday. The major averages have climbed well off their worst levels of the day. Currently, the major averages are turning in a mixed performance. While the Dow is up 5.89 points or less than a tenth of a percent at 25,345.88,... Read More

Stocks Move Mostly Lower In Morning Trading – U.S. Commentary

Stocks Move Mostly Lower In Morning Trading – U.S. Commentary
Stocks have moved mostly lower in morning trading on Monday, partly offsetting the rebound seen last Friday. The major averages have all moved to the downside, although selling pressure has remained somewhat subdued. Currently, the major averages are all in negative territory, although the Dow is down just 22.39 points or 0.1 percent at 25,317.60. The Nasdaq is down 72.83... Read More