• Stocks bounce back as tech, retail and banks jump

    15 days ago - By Chron

    NEW YORK - Global markets are rising Monday as big technology stocks recover some of their recent losses and retailers and travel companies climb on the first full trading day of the holiday shopping season. Banks are rising with interest rates.
    Indexes in Europe and Asia are also higher. London's main stock index is rising after the British government and the European Union agreed to terms governing Britain's departure from the EU in March, but it's not clear if Parliament will approve the deal.
    KEEPING SCORE: The S&P 500 index climbed 28 points, or 1.1 percent, to 2,660 as of 1:45 p.m...
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  • Morgan Stanley Downgrades US Stocks To SELL

    Morgan Stanley Downgrades US Stocks To SELL

    15 days ago - By ETF Daily News

    From Tyler Durden : The decoupling is over for the US economy and its stock market according to Morgan Stanley which has long held a bearish outlook on the US, but overnight officially downgraded US stocks to “sell”, expecting the S&P to end 2019 at 2,750 , while double upgrading emerging market to overweight.
    In a note release by Morgan Stanley strategist Andrew Sheet, he expects a sharp slowdown for the US economy, along with a pick-up in global inflation that will keep monetary tightening intact, urging clients to get out of credit, load up on emerging markets and stock up on cash. In...
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  • Markets Right Now: US stocks climb after recent losses

    15 days ago - By Chron

    NEW YORK - The latest on developments in financial markets :
    11:45 a.m.
    Stocks are rising broadly in midday trading on Wall Street as the market recovers some of its recent losses.
    Technology companies and retailers rallied Monday. Microsoft added 2 percent and Amazon rose 3.9 percent.
    General Motors jumped 6.1 percent after saying it would cut 14,700 jobs in North America and might close up to five plants.
    Benchmark U.S. crude oil rose 2.6 percent after it closed at its lowest price in more than a year Friday.
    The S&P 500 index rose 29 points, or 1.1 percent, to 2,662.
    The Dow Jones...
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