Stock futures flat after market sell-off amid uptick in Covid cases

U.S. stock futures were flat in overnight trading on Monday following the market's massive sell-off. Fueling the weakness is a surge in Covid-19 cases in the U.S. and abroad, compounded with little hopes of a stimulus package from Washington. Dow futures rose 20 points. The S&P 500 and Nasdaq gained 0.07% and 0.1%, respectively. Zoom […]

Dow tumbles 423 points amid record COVID-19 cases and fading stimulus hopes

Getty Images / Xinhua News Agency US stocks fell on Monday amid a record surge in daily COVID-19 cases and an elusive stimulus deal that looks decreasingly likely to be struck prior to the upcoming presidential election. US daily virus cases surpassed 80,000 on Friday and Saturday, representing new records. The surge in COVID-19 cases […]

Cries for more stimulus are overblown and stock investors should stop throwing ‘tantrums’ about it, says a Wall Street chief strategist

Getty/Brendon Hoffman Calls for another round of stimulus are overblown, and investors should simply stay the course for historically strong gains, James Paulsen, chief investment strategist at The Leuthold Group, said Thursday. “Regular temper-tantrums on Wall Street” have convinced investors that failure to pass a near-term bill will tank stocks, but many are ignoring the […]

Intel falls 10% after 3rd quarter earnings show server segment unexpectedly shrinks

Amir Cohen/Reuters Intel fell 10% on Friday after it reported third quarter earnings on Thursday that revealed an unexpected drop in its data center segment. The segment had posted strong growth in the first half of 2020, but capacity digestion led to a significant decline in the third quarter, and Intel guided for a continued […]

US economic recovery is 'V-interrupted' and could slow after fiscal stimulus boost fades, a JPMorgan chief strategist says

Noam Galai/Getty Images US economic recovery is currently “V-interrupted” and could slow down again in the fourth-quarter after the effects of fiscal stimulus dwindle, JPMorgan Asset Management’s David Kelly told CNBC. “We have seen what looks like a V-shaped recovery, but it’s really V-interrupted – it’s half of V,” Kelly, the chief global strategist, said […]