Asian markets were mixed in early trading Wednesday, after China’s central bank moved to ease fears of a full-blown currency war.
A rally in stocks on Tuesday may take shape after an ugly Monday selloff but any rebound ought to be treated with skepticism and as preparation for the next wave of selling, warns one quantitative analyst at Nomura.
At one point in the process, Jeffrey Morgan discovered only about half of the payments he’d made since consolidating his loans qualified towards forgiveness.
Aurora Cannabis shares rally as much as 14%, helping to pull the cannabis sector higher Tuesday, with the recovery in broader markets following Monday’s rout adding to the move.
AMD has yet to make the hoped-for gains in market share, and until then, fatter profits are unlikely to follow.
Shares of Ford Motor Co. rallied Tuesday toward their first gain in six sessions, after Morgan Stanley turned bullish on the auto maker, as the recent weakness have provided investors a low-risk opportunity to buy as the earnings outlook improves.
St. Louis Fed President James Bullard on Tuesday said he has one more interest-rate cut penciled in for 2019.
One little-noticed tax grab is already on the table, and another waits in the wings.
Buying after 3% selloffs has been a profitable strategy.
Take-Two Interactive Software Inc. shares rose more than 6% in the extended session Monday following a brief halt, after reporting quarterly revenue that topped consensus estimates.