• Smaller companies lead US stocks higher as Turkey fears ease

    3 monthes ago - By Chron

    NEW YORK - U.S. stocks are rallying Tuesday as smaller companies and retailers make big gains. Major indexes are recovering most of their recent losses as worries about Turkey's currency crisis eased. Global markets have taken two days of losses as investors worried that Turkey's troubles might spread.
    KEEPING SCORE: The S&P 500 index climbed 19 points, or 0.7 percent, to 2,841 as of 3 p.m. Eastern time. The Dow Jones Industrial Average gained 138 points, or 0.6 percent, to 25,326. The Nasdaq composite added 51 points, or 0.7 percent, to 7,871. The Russell 2000 index advanced 15 points, or...
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  • CREDIT SUISSE: Turkey's currency crisis is unlike many others in recent history, and there are 2 trades that could rake in profits

    CREDIT SUISSE: Turkey's currency crisis is unlike many others in recent history, and there are 2 trades that could rake in profits

    3 monthes ago - By Business Insider

    Options-market activity suggests traders aren't yet worried about Turkey's currency crisis spreading to other countries.
    Credit Suisse derivatives strategists said a bullish reversal could be coming, having observed that a key emerging-market exchange-traded fund is trading differently compared to other crises.
    They offered two options-market trades that would profit from this reversal.
    Wall Street is betting that Turkey's currency crisis will not spread to other countries, unlike the Latin American situation in 1994.
    As the Turkish lira plunged to record lows against the dollar last week...
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