Tech Shares Still Have Room to Run, $507 Billion Fund Says

Technology stocks can notch further gains even as investors move beyond pandemic trades, according to Principal Global Investors. Cheap borrowing costs and the growing importance of intangible assets mean that some tech firms can surge even amid a market rotation toward value and cyclical names, said Alan Wang, a portfolio manager at the global equities […]

Investors Look Past the Chaos and Throw $53 Billion at Stocks

Traders might have surmised that rising coronavirus cases and turmoil atop the government would breed at least the beginnings of caution among investors. Not so much. In what is shaping up as a historic month for equities, exchange-traded funds focused on U.S. stocks were just hit with one of the biggest deluges of cash ever […]

U.S. Stocks Close Mixed As Tech Stocks Extend Pullback

Stocks turned in a mixed performance during trading on Tuesday, as the Dow added to the strong gain posted in the previous session but the tech-heavy Nasdaq extended the sharp pullback seen over the course of the trading day on Monday. The major averages closed mixed for the second straight session. While the Dow advanced […]

Asian Stocks to Gain on Vaccine News; Dollar Drops: Markets Wrap

Asian stocks looked set for gains Tuesday after a positive vaccine update sent U.S. equities tied to an economic reopening higher while defensive tech shares lagged. The dollar fell. S&P 500 futures edged up at the open. The benchmark closed at an all-time high after Moderna Inc.’s vaccine was shown to be 94.5% effective in […]

5 Dow Stocks Analysts Want You to Buy for 2021, With Catalysts and More Upside Ahead

The week ending on Friday, November 13, 2020, was riddled with surprises. The election being contested and the surging COVID-19 cases hardly seemed to matter to the financial markets. The earnings-reporting season has more or less come to a close, but the major companies have tended to look better after earnings than was expected heading […]

Tech Stock Tremors Send Warnings to 2020’s High-Flying ESG Funds

The lurches in technology stocks this week are sending a warning to environmental, social and governance-focused funds: Your former superstars may now weigh you down. While the Nasdaq 100 Index rose for the first time in three days on Wednesday, it’s still down about 2% on the week. This will be felt through many ESG […]

Day Traders Say They Told You So in Market Bending to Their Will

The caveats are too numerous to list. One trial isn’t definitive. Vaccines take months to distribute. However good the news is, stocks are priced for better. Don’t get ahead of yourself, warns Wall Street. But for the hordes of newbie investors who’ve been storming its gates all year, the skepticism doesn’t track. “Today validates what […]

Implant Makers, Dental Stocks Rally Amid Bets on Surgery Return

Investors piled back into medical devicemakers, dental stocks and hospitals after promising results from a trial of Pfizer Inc. and BioNTech SE’s Covid-19 vaccine reawakened hopes that patients in need of non-essential procedures would return to their doctor’s office. Knee and hip replacement makers like Zimmer Biomet Holdings Inc. and Stryker Corp. surged on expectations […]

Tech, Exchanges, Health and Pot Stocks Rally With Biden Boost

Stocks climbed in the days following the Nov. 3 election as Joe Biden’s lead strengthened, along with the possibility of a Republican Senate — an outcome that would meet some of Wall Street’s best-case scenarios. That’s because a Biden victory with a split government could lead to an increase in fiscal stimulus while damping investor […]

Tech Stocks Helping Lead Rebound On Wall Street

Stocks have moved mostly higher over the course of morning trading on Thursday, regaining some ground following the sell-off seen in the previous session. The major averages have all moved back to the upside, with the tech-heavy Nasdaq showing a notable advance. Currently, the major averages are just off their highs of the session. The […]