Stocks set fresh records as new year kicks off

By WILLIAMWATTS U.S. stock indexes surged on the first trading day of 2020, with bulls looking to build on the best year for the S&P 500 since 2013 as global equities rallied following a move by China’s central bank aimed at stimulating the country’s economy. The Dow Jones Industrial Average DJIA, +0.55%  rose about 173 points or 0.6%, to 28,712, while the S&P 500 SPX, +0.32%   was 15 points, 0.5%, higher, to touch 3,246. The Nasdaq COMP, +0.64%  jumped 71 points, 0.8%, to touch 9,043. All three indexes hit fresh intraday highs in early morning action. Financial markets in the U.S. and much of the world were closed Wednesday for New Year’s Day. Wall Street ended 2019 on Tuesday with modest gains that capped a blockbuster year for equities. The S&P

US stocks move higher as markets yawn at Trump’s impeachment

By: Associated Press Technology companies led stocks higher on Wall Street Thursday, extending the market’s gains for the week and pushing the major indexes to more record highs. The broad gains erased the S&P 500’s slight losses from a day earlier. The benchmark index has notched gains six out of the past seven days. A batch of encouraging earnings reports from several big companies helped keep investors in a buying mood. Rite Aid, Conagra Brands and Micron Technology rose after posting quarterly results that exceeded analysts’ forecasts. Stock indexes were little changed for much of the day. Stocks, bonds, gold and a measure of fear among investors on Wall Street made only modest moves in the first day of trading after

Nasdaq is poised to beat the New York Stock Exchange in IPOs for the first time since Facebook’s disastrous 2012 offering

By: Ben Winck The Nasdaq exchange is positioned to raise more funds through initial public offerings than the New York Stock Exchange for the first time since it botched Facebook's debut in 2012, The Wall Street Journal reported Wednesday.Nasdaq-listed IPOs raised roughly $32.4 billion in the year-to-date, trouncing NYSE's $26.2 billion sum, according to The Journal.The younger exchange also hosted more than three times the debuts this year, executing 154 IPOs versus NYSE's 47.Nasdaq's win signals a recovery from 2012, when technical glitches plagued Facebook's $16 billion IPO. The exchange was forced to pay out tens of millions in settlement fees to regulatory agencies and traders.Visit the Business Insider homepage for more stories. The Nasdaq exchange is on pace to raise more funds in initial public offerings than

Bad news for Trump — 60% of Americans say the surging stock market doesn’t affect them

By: Yusuf Khan According to a new poll from Financial Times and the Peter G Peterson Foundation, most Americans don't seem to care that much about the stock market's performance. In the poll, 61% of Americans said that stock movements "had little or no effect on their financial well being."Only 40% of respondents in the poll said (correctly) that the stock market had gone up this year. Donald Trump has staked his reelection chances on the health of the US economy, and touts equity market gains on Twitter. View Business Insider's homepage for more stories.  Most Americans don't seem to care that much about the stock market's performance. According to a poll, conducted by the Financial Times, and the Peter G Peterson Foundation, 61% of

India’s Economy Is Sputtering. But Its Stock Market Powers Ahead

By: Ravil Shirodkar and Adam Haigh India’s economy may be faltering, but its $2.1 trillion stock market has been powering to new highs as foreign investors pile into country’s shares, betting the worst may have already passed. Economic growth is at the lowest since before Prime Minister Narendra Modi came to power in 2014. The economy expanded 4.5% in July-September, slowing for a sixth straight quarter as deteriorating local consumption, troubled banks and a weak global outlook all took their toll. To read more:

Large investor lays out $31 million options hedge against U.S. stock market drop

By: Saqib Iqbal Ahmed NEW YORK (Reuters) - Monday’s slide in U.S. stocks prompted at least one large investors to load up big on stock options that would guard against a sharper hit to stocks into the start of next year. Shortly after the market opened on Monday, an investor paid about $31 million to buy 16,000 of January put options at the 2,980 level on the S&P 500 Index .SPX, according data from options analytics firm Trade Alert. The position struck about 4.6% below the market’s current level around 3,124 appears to be hedging roughly $4.8 billion in assets, said Henry Schwartz, president of Trade Alert in New York. To read more:

Stock-market optimism gauge hits an extreme — and that explains a lot, analyst says

By: Chris Matthews If you get the sense that today’s U.S. equity investors are eager to dismiss bad economic news, and quick to embrace the good, your instincts are correct. That’s according to an analysis by Qontigo, which recently developed a method for measuring stock market sentiment called ROOF score, an acronym that stands for “risk-on/risk-off.” The U.S. stock market is now registering a ROOF score of 4.8, which is in the 95th percentile of historical readings — meaning that market action has very rarely betrayed more bullish sentiment. To read more:

Why stock-market investors fear a 2020 election ‘sweep’ most of all

By: WILLIAMWATTS Investors worried about how the stock market will react to next year’s federal elections shouldn’t take their cue from the presidential horse race alone. Instead, they should pay close attention to prospects that either Democrats are on track to take control of the Senate, where Republicans currently hold a majority, or that Republicans are on track to take back the House, said Julian Emanuel, chief equity and derivatives strategist at BTIG. Odds of either happening appear small at present. But if that were to change equity markets could sell off before voters go to the polls, he said. That’s because “fear of such a unified government outcome on Election Day 2020 is substantial at the same time that confidence, so very important

Looking For Stock Market Buying Opportunities? There’s Always a Bear Market Somewhere

By: Ben Carlson Things are pretty good for investors at the moment. The S&P 500 continues to hit new high after new high in 2019. The gains this year have more than made up for the nearly 20% loss near the end of last year. While U.S. markets have outperformed handily on a relative basis during this cycle, foreign stocks have officially joined the party, with the MSCI All-Country World Index breaking out to new highs this year as well. New highs are great for those holding stocks in their portfolio but there is a downside when stocks seemingly do nothing but rise. Anyone who's been holding cash waiting for lower prices and a better entry point or those with new savings to deploy

When ‘idjits’ mock Warren Buffett, the stock market could be in trouble

By: SHAWNLANGLOIS Warren Buffett’s Berkshire Hathaway earlier this month posted a quarterly profit that easily topped Wall Street expectations, but analysts weren’t really all that focused on the bottom line. Rather, it was the conglomerate’s record cash balance of $128.2 billion that turned heads. The question rained down: Why? With the bull market going strong and Berkshire BRK.A, -0.24% shares underperforming, analysts and investors alike questioned Buffett’s lack of putting that money to work. In fact, earlier this year, one longtime shareholder decided to dump his entire Berkshire position because, as he put it, “thumb-sucking hasn’t cut the Heinz KHC, +1.19% mustard during the Great Bull Market.” To read more: