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Tag: Surging

FTSE 100 hits six-month low as investors react to surging infection rates

FTSE 100 hits six-month low as investors react to surging infection rates

Business
The FTSE 100 has fallen to its lowest level in six months as financial markets react to surging coronavirus infections around the world.There was a sea of red for stocks across Europe and the US in Wednesday trading over fears COVID-19 will deliver a deeper-than-expected hit to the global economy in the months ahead. The FTSE 100 was more than 3% down in afternoon trading at one stage with all of its constituent companies, bar Rolls-Royce, losing ground. The index closed 2.6% lower at 5,582. That left it 26% down in the year to date. The domestically focused FTSE 250 lost almost 2% in the session.The situation was worse across the Channel as the CAC in Paris and Germany's DAX also fell sharply - the latter almost 5% lower at one stage - in reaction to looming lock...
Why West Coast home prices are surging

Why West Coast home prices are surging

Finance
Why home prices are on a tear Housing markets out west are on fire. Prices are rising, supply is tight and competition among buyers is fierce. That's all good news for homeowners. Not so much for buyers. Home prices have risen faster than wages in many cities, creating an affordability issues for buyers — especially first timers. "Everything from the Rocky Mountain states and west from there are doing much better than the rest of the country and it's been like that quite consistently," said Lawrence Yun, chief economist at the National Association of Realtors. Seattle, Las Vegas and San Francisco are leading the way with annual double-digit home price gains in March, according to the latest S&P CoreLogic Case-Shiller Indices. Nationwide, price rose 6.5...

Eight Geopolitical Risks That Could Send Oil Prices Surging

Finance
[unable to retrieve full-text content]The geopolitical risk premium has taken center stage as one of the key drivers of oil prices in recent months, often trumping fundamentals to send prices soaring on concerns about where the next sudden oil supply disruption would come from. In recent weeks, a perfect storm of nearly erased global oil glut and Latest Articles in
Mid-Day ETF Update: ETFs, Stocks Track Tech Stocks Surging Higher; Dow and S&P 500 Hit Intraday Highs

Mid-Day ETF Update: ETFs, Stocks Track Tech Stocks Surging Higher; Dow and S&P 500 Hit Intraday Highs

Finance
Shutterstock photoActive broad-market exchange-traded funds in Monday's regular session:iShares MSCI Emerging Index Fund ( EEM ): +1%iPath S&P 500 VIX Short Term Futures ETN ( VXX ): -3.3%SPDR Select Sector Fund - Financial ( XLF ): +1%SPDR S&P 500 ( SPY ): +0.7%PowerShares QQQ Trust, Series 1 ( QQQ ): +1.5%Broad Market IndicatorsBroad-market exchange-traded funds, including SPY, IWM and IVV were higher, hitting or nearing new record highs. Actively traded PowerShares QQQ ( QQQ ) was up 1.5%.U.S. stocks were higher at session's half, with the Dow Jones Industrial Average and the Standard & Poor's 500 reaching intraday record highs - buoyed by gains in the tech sector.Looking ahead, Chicago Fed President Charles Evans will give give a speech at the New York University at 7...