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After virus scare, markets look to Fed rate policy to keep stock rally going

After virus scare, markets look to Fed rate policy to keep stock rally going

Finance
Traders work after the opening bell at the New York Stock Exchange (NYSE) on August 5, 2019 in New York City.JOHANNES EISELE / AFP / Getty ImagesWith stocks coming off their first losing week of the year, investors will be looking for the Federal Reserve to soothe markets by reaffirming its position that interest rates will be low for a long time into the future.The outbreak of the coronavirus in China in the past week took the steam out of a market that has been repeatedly rallying to new highs since December. The S&P 500 fell just about 1% for the week, amid fears the virus could lead to slower growth not only in China, but across the globe.Those concerns could continue to spook markets in the coming week, but stocks should be buffeted by the Fed's anticipated commitment to low rates...
The stock market has not been this richly valued or avidly loved in two years

The stock market has not been this richly valued or avidly loved in two years

Finance
Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., January 10, 2020.Brendan McDermid | ReutersIn late January 2018, Wall Street reached the moment of "peak happiness," which marks the highest levels of valuation, investor confidence, financial liquidity and risk appetites achieved during this decade-long bull market.Both now and then, the S&P had gained about 25% over the previous year and around 15% from an August pullback. In December 2017, an intensely anticipated policy shift occurred with passage of the corporate tax cut; this past December we got the hotly anticipated phase-one U.S.-China trade deal.This created an all-in rally that truly earned the "melt-up" label, led by the popular big tech stocks and refusing to slow down or pull back despite b...
Here’s what happened to the stock market on Tuesday

Here’s what happened to the stock market on Tuesday

Finance
Traders work on the floor of the New York Stock Exchange (NYSE) on the morning that online image board Pinterest Inc. makes its initial public offering on April 18, 2019 in New York City.Spencer PlattDow Jones Industrial Average fell 36 pointsThe Dow slipped 36.08 points, or 0.13%, to end the day at 28,515.45. The S&P 500 fell 0.02% to 3,223.38. The Nasdaq Composite rose to a new all-time high of 8,952.88. The S&P 500 has risen 2.6% for December and 8.3% for the quarter. It is also on pace for its best annual performance in six years, up 28.6% for 2019. If the benchmark ends the year up more than 29.6%, it will score Santa rally period beganTuesday marked the official start of the Santa Claus rally period, which happens on the final five trading days of the year and the first ...
Here’s what happened to the stock market on Thursday

Here’s what happened to the stock market on Thursday

Finance
Specialist trader Michael Pistillo Jr. wears a dow 23,000 hat, after the dow briefly traded above 23,000, at his post on the floor of the New York Stock Exchange in New York, October 17, 2017.Brendan McDermid | ReutersDow Jones Industrial Average rises 137 pointsThe Dow gained 137.68 points, or 0.49% to end the day at 28,376.96. The S&P 500 climbed 0.45% to 3,205.37. The Nasdaq Composite advanced 0.67% to close at 8,887.22. Stocks jumped to record highs once again as investors shrugged off President Donald Trump's impeachment and disappointing economic data.Trump impeachment? No problemWall Street was able to look past President Donald Trump's impeachment in the House since the odds of the Republican-led Senate convicting him are so slim. "It's fairly obvious that there just not going ...
More than 200,000 accounts signed up for fractional stock trading on day one, Robinhood co-CEO says

More than 200,000 accounts signed up for fractional stock trading on day one, Robinhood co-CEO says

Finance
More than 200,000 Robinhood users are "already in line" for fractional stock trading on the app in the few hours since it announced the service, co-CEO Vladimir Tenev told CNBC's Jim Cramer on Thursday."The early signs are really promising," Tenev said on "Mad Money." "We just have to keep focus on what we've always been focused on, which is keep reducing friction and be the best place possible for new investors to start investing."Users will officially be able to invest in fractional shares beginning next week, giving them the ability to own a piece of a share in popular companies such as Amazon — which closed Thursday at $ 1,760 per share — for as low as $ 1."In particular, with this feature, we see customers' eyes light up when they deposit $ 10 or $ 100 and the entire universe of stock