This week has been a brutal one for the stock market broadly, and it's been especially painful for investors in the Nasdaq Composite (NASDAQINDEX: ^IXIC). Many Nasdaq stocks have found themselves at the epicenter of a vicious market rotation away from cutting-edge innovative technology stocks toward older-economy companies, and it looked like the index would suffer more losses early in the trading session. Instead, some of the recent laggards in the Nasdaq were notable gainers on Friday.
Law Offices of Howard G. Smith announces an investigation on behalf of Range Resources Corporation ("Range Resources" or the "Company") (NYSE: RRC) investors concerning the Company’s possible violations of federal securities laws.
The Newham All Star Sports Academy (NASSA) has been enlightening young lives for over 15 years, but founder and chief executive Natasha Hart MBE admits it was never on her agenda when she moved to England from her home country of Russia 30 years ago.
Popcorn and all other concessions will not be sold at the IFC Center, at least for now. But films, actual films, will be projected on all five of its screens for the first time in nearly a year. “The room will be black — you won’t be on your phone!” Kajillionaire director Miranda July marveled […]
"The first fired and the last hired": Black and Latino workers are likely to suffer the longest from the COVID-19 recession.
Shantel VanSanten and Victor Webster got engaged last month
If the sun's recent appearance after what feels like the longest winter ever has you thinking about jet-setting off to a tropical destination, then Isle of Paradise's newest launch will be right up your alley. The brand, which is known for its amazing self-tanning products, including the TikTok-famous Isle of Paradise Self Tanning Drops, has a new product launching at Sephora that will help you achieve a beautiful glow without boarding a plane.
Check virtual trophy cases for the most successful college basketball teams in history – from UCLA to UConn
The planemaker said its Chief Executive Officer David Calhoun had a take-home pay of $269,231 in 2020 after he agreed to forgo his pay and incentive bonus in March last year as the COVID-19 pandemic set in, according to a proxy filing. When Calhoun took over as Boeing's CEO in January 2020, he was also entitled to two supplemental equity awards worth $17 million, but they were not eligible to be vested last year, according to the company. The disbursal of a portion of the equity awards is linked to the safe return to service of the 737 MAX jets, and the successful entry into service of the 777X aircraft, among other conditions, Boeing said.
In an interview with ABC News, Defense Secretary Lloyd Austin said the U.S. is still assessing who was responsible for the recent rocket attack on a base in Iraq that houses U.S. forces. On Wednesday, 10 rockets were fired at the sprawling Al Asad airbase in western Iraq that is home to many of the 2,500 American troops still in Iraq. No service members were wounded, but a civilian American contractor died from a heart attack while sheltering during the rocket attack.
All 10 top-flight games will be shown on TV
US Acute Care Solutions Physician-Owners Complete a Transaction to Buy Out Their Private Equity Partner.
PrettyLittleThing has released hoodies for humans and dogs in three different colors
Garrn said she had kept the pregnancy ‘secret’ for six months.
Individual took home test but failed to properly complete online registration form
(Bloomberg) -- Dip buyers emerged after a fresh bout of selling took the Nasdaq 100’s plunge from a record past 10%, fueling an afternoon rebound in megacap technology shares.All major groups in the S&P 500 advanced, while the tech-heavy gauge climbed more than 1.5% as giants Amazon.com Inc. and Apple Inc. erased their losses. Robinhood Markets Inc., the trading platform behind the boom-and-bust swing in GameStop Corp.’s shares, has chosen the Nasdaq for its eventual initial public offering, according to a news report. Earlier Friday, equities retreated as U.S. jobs data topped estimates, fueling anxiety the economy could run too hot and kick up inflation. Benchmark 10-year yields stabilized after hitting 1.6%.Friday’s turnaround in equities wiped out the S&P 500’s drop for the week. The intense volatility of the past few days was a test to stock bulls who see the recent spike in Treasury yields as an indication of brighter prospects for the economy and corporate profits. While concern over valuations have emerged, several analysts say that as along as data continue to improve, any selloff would present dip-buying opportunities.“Many investors are going to be buying these dips here, capital continues to be pouring into equities,” said Tony Bedikian, head of global markets at Citizens Bank. Bond yields are still “incredibly low, so equity yields are still very attractive to investors,” he added.U.S. Treasury yields have been rising because of a much stronger economic outlook and are not a cause for worry -- or a call to policy action -- said Federal Reserve Bank of St. Louis President James Bullard. His remarks follow Chairman Jerome Powell’s Thursday caution that rising yields had caught his eye and he would be “concerned by disorderly conditions in markets or persistent tightening in financial conditions.”“As a central banker I am always concerned if there is disorderly trading or something that looks panicky,” Bullard said Friday in an interview with Wharton Business Radio. “That would catch my attention. But I think we are not at that point.”These are some of the main moves in markets:StocksThe S&P 500 gained 1.8% as of 3:05 p.m. New York time.The Stoxx Europe 600 Index fell 0.8%.The MSCI Asia Pacific Index fell 0.6%.The MSCI Emerging Market Index decreased 0.7%.CurrenciesThe Bloomberg Dollar Spot Index increased 0.4%.The euro dipped 0.5% to $1.1915.The Japanese yen depreciated 0.3% to 108.33 per dollar.BondsThe yield on 10-year Treasuries decreased two basis points to 1.55%.Germany’s 10-year yield advanced one basis point to -0.30%.Britain’s 10-year yield increased three basis points to 0.756%.CommoditiesWest Texas Intermediate crude climbed 3.4% to $66.02 a barrel.Gold strengthened 0.1% to $1,699.40 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Standouts that will help safeguard your shade.
The instrument dates from the early 1830s and has been out of action since 2018.
The Limnephilus Pati caddisfly had not been spotted in the United Kingdom for more than a century.
Namir Smallwood and Sidney Flanigan will star in “Rounding,” a new dramatic thriller from “Saint Frances” director Alex Thompson. “Rounding” follows a driven young medical resident (Smallwood) who transfers to a rural hospital for a fresh start. There, the demons of his past start to catch up to him when he becomes consumed by the […]