Stocks Recover
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Americans are increasingly concerned that the U.S.'s soaring deficit and mountain of debt are major warning signs of an economic reckoning that could send the stock market reeling. Those concerns intensified this week after Moody's,
U.S. stocks closed higher after an unsurprising US credit rating downgrade. Treasury yields rise. S&P 500 extends winning streak to six days.
U.S. stock indexes are drifting on Tuesday, as momentum slows for Wall Street after it rallied from a deep hole nearly all the way back to its all-time high set earlier this year. The S&P 500 was down 0.
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UnitedHealth has gone from bad to worse, and its drop is impacting the Dow Jones Industrial Average even more than it is the S&P 500.
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The S&P 500 is lagging an MSCI index tracking global stocks by more than 10 percentage points this year, according to Dow Jones Market Data. If that gap holds through year-end, it would be the widest annual margin since 1993.
Stocks in the $10-50 range offer a sweet spot between affordability and stability as they’re typically more established than penny stocks. But their headline prices don’t guarantee quality, and investors should exercise caution as some have shaky business models.
Stocks have rallied since April, but the gains will fad as tech stumbles. A top exec says investors should eye beneficiaries of deregulation instead.
Duffy is the second member of Trump’s cabinet who sold securities shortly before the president’s tariff announcements sent markets plunging. A spokesperson for Duffy said an account manager made the trades and that Duffy had no input on the timing.
A group of US stocks that Citigroup Inc. considers to be acquisition targets is staging an outsize rally, underscoring Wall Street’s renewed optimism that dealmaking will revive along with the economy as tariff worries ease.
The Indian rupee weakened on Tuesday as dollar bids from foreign banks, likely on behalf of custodial clients, and a softer Chinese yuan outweighed positive cues from broad weakness in the greenback.
Stocks are essentially flat during the second year of a presidential term — and soar in the post-midterm election third year.
Defense stocks in India are stretching their rally after a record surge last week, powered by strong earnings and signs of increased spending in the sector.