Week That Meme Stocks Returned
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European Stocks Climb
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US stock futures largely steady
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Beaten-down stocks such as Kohl’s, Krispy Kreme and Opendoor Technologies have taken off recently, as individual investors pile into heavily shorted equities. The stocks’ cult followings and their outsized gains mirror the performance of GameStop and AMC Entertainment during the original pandemic-era meme-stock frenzy.
Computer-driven hedge funds like Qube and Point72's Cubist have posted losses. Executives and experts have theories on why.
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Intel stock falls after the chip maker reports a wider loss in the second quarter, while Centene rises even as it posts a surprise quarterly loss.
By Naomi Rovnick and Kevin Buckland LONDON/TOKYO (Reuters) -Investors cashed out of highly valued global stocks on Friday and the dollar headed for its biggest weekly drop in a month ahead of a crucial week for markets that includes Donald Trump's tariff deadline and key central bank meetings.
While some Wall Street companies are clearly rallying thanks to President Donald Trump’s policies, the same can’t be said for Main Street, according to a chart from BofA Global Research strategists, led by Michael Hartnett.
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. quantitative strategists.
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