kanawatvector/iStock via Getty Images Stifel Financial’s (NYSE:SF) total client assets rose 3% to $466B M/M in May, driven by market appreciation and recruiting, the company said on Thursday. From a year earlier, client assets climbed 16%. Similarly, fee-based client assets of $176.5B advanced 3% sequentially and 20% from May 2023.Continue Reading
U.Today – Amid the ongoing economic uncertainty, Michael Saylor, cofounder and chairman of MicroStrategy and prominent advocate, has once again voiced his unwavering support for the leading cryptocurrency. As investors grapple with uncertainty over interest rates and potential future cuts, Saylor has offered a clear message: “The cure to economicContinue Reading
Wall Street on Thursday continued to struggle for momentum, as a slide in Walgreens Boots Alliance (WBA) and Micron Technology (MU) capped gains. Meanwhile, U.S. Treasurys rebounded after a plethora of economic data lent support to a scenario where the Federal Reserve can start cutting interest rates. The benchmark S&PContinue Reading
Investing.com – The report that the US government transferred approximately 3,940 BTC worth around $241 million to Coinbase (NASDAQ:) has added a new pressure element to the crypto market. After gaining the authority to take action regarding the it had seized, the US government continues to transfer cryptocurrencies to exchanges.Continue Reading
Amazon (NASDAQ:AMZN) stock on Wednesday hit $2T market capitalization for the first time ever, underscoring the overall dominance exerted by megacap technology stocks over Wall Street right now. The tech and retail behemoth joins Google-parent Alphabet (GOOG)(GOOGL), iPhone-maker Apple (AAPL), OpenAI-backer Microsoft (MSFT) and chip giant Nvidia (NVDA) as theContinue Reading
U.Today – , the largest cryptocurrency by market capitalization, plummeted to an intraday low of $58,528 on Monday, the steepest drop since mid-April, as ongoing pessimism about the number of rate cuts weighed on sentiment for crypto. The decline in crypto at the start of this week came amid doubtsContinue Reading
Volume away from semiconductor ETFs’ (SMH), (SEMI), (NASDAQ:SOXX) overbought conditions could mean some long-term bullishness with other parts of the market seeing gains, according to an Argus Research Market Movers note. Analyst Mark Arbeter wrote that funds have rotated away from the semis (SMH), (SEMI), (SOXX) and into other partsContinue Reading
The major U.S. averages on Wednesday seesawed, as stocks struggled for momentum. A post-earnings surge in global economic bellwether FedEx (FDX) was countered by a sell-off in Treasurys. The S&P (SP500) was last up 0.06% to 5,472.48 points in midday trade, while the blue-chip Dow (DJI) had added 0.11% toContinue Reading
Spencer Platt/Getty Images News U.S. stocks on Tuesday were mixed, with losses in major retailers countering a rebound in Nvidia (NVDA). The chip giant’s pullback from correction territory helped the benchmark S&P 500 (SP500) and the tech-heavy Nasdaq Composite (COMP:IND) halt a three-day slide each. The Nasdaq (COMP:IND) advanced 1.10%Continue Reading
Justin Sullivan BTIG Chief Market Technician Jonathan Krinsky on Monday highlighted Nvidia’s (NASDAQ:NVDA) entrance into “unchartered territory” in becoming one of the largest U.S. companies. While Nvidia (NVDA) stock on Monday notched its third straight loss, its YTD gain remains mighty. Nvidia (NVDA) shares lost 6.7% on Monday. The marketContinue Reading
