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Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Scientists researchers laboratory biotechA couple of chemists celebrating biotech's big week. U.S. Army RDECOM / Flickr

Don't look now, but there's some competition brewing atop the equity market standings.

US indices have been ruled by mega-cap technology companies and financial firms for much of the period since the presidential election in November. But after some bullish news last week, drug developers now look poised to give them a run for their money.

The Nasdaq Biotechnology Index (NBI) surged 9.2% over the five days, its biggest increase since the week of the election. Portola Pharmaceuticals and Clovis Oncology led the charge for the 162-company gauge, both climbing more than 55%.

In addition, an exchange-traded fund tracking the gauge absorbed more than $700 million during the three days ended Friday, the biggest inflow since early November for a period of that length.

ibb fund flowBusiness Insider / Andy Kiersz, data from...


Read full article on News GN StockMarket


Read more: Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

5 Signs You Should Be a Little Worried About the Stock Market - Money Magazine

With the stock market near a record high, investors are feeling pretty good about themselves. And that may be a bad sign.

Last Monday, the Dow hit a new record of 21,528.99. Despite falling back slightly later in the week, it remains within 200 points of that mark. Indeed, data show that, after seven years of steady if not spectacular economic growth, Americans have a rosier outlook than any time since the financial crisis.

That may actually be a problem, say market pros. "Confidence is good to a point. But when it's extreme it becomes a contrarian indicator," says Doug Ramsey, chief investment officer of Leuthold Group, a research and investment firm known or relying on economic data for its investment calls.

History shows stocks do best following periods of investor fear and pessimism -- when those once-fearful investors step back into the market and increase demand for...


Read full article on News GN StockMarket


Read more: 5 Signs You Should Be a Little Worried About the Stock Market - Money Magazine

Stock market starts last week of quarter higher as crude gets an early lift - MarketWatch

U.S. stocks opened modestly higher Monday as crude-oil prices rose, with investors looking to close out the last week of the quarter and first half of 2017. The Dow Jones Industrial Average DJIA, +0.07% climbed 0.3% at 21,458, the S&P 500 index SPX, +0.03% gained 0.3% at 2,446, while the Nasdaq Composite Index COMP, -0.29% jumped 0.6% to 6,301. Early market moves followed a weaker durable-goods orders report, which showed that orders slipped 1.1% last month, compared with a 0.6% decline expected by an average estimate of economists polled by MarketWatch. Meanwhile, U.S. crude-oil prices were trending slightly higher, with August crude up 0.2% at $43.09 a barrel. In corporate news, shares of U.S.-listed shares of Nestle SA (s: NSRGY) could also be in focus after news that billionaire activist investor Daniel Loeb's Third Point LLC took a $3.5 billion stake in the consumer-products...


Read full article on News GN StockMarket


Read more: Stock market starts last week of quarter higher as crude gets an early lift - MarketWatch

Stock markets buoyed by Italian banks rescue but critics say it has killed banking union - CNBC

Agreeing that this was a positive development for Italy's overall banking system which is still weighed down by around 300 billion of bad loans, Eric Lonergan, fund manager at M&G, argued that the emphasis placed by the deal's proponents on the need to safeguard the Venetian economy is overplayed but necessary in this case.

"Finally there's some pragmatism…they have to exaggerate significance to get away with state aid," he contended, referring to the justification being cited for protecting senior bondholders and depositors, many of whom are local customers of the failing banks which are located in the relatively prosperous north-eastern corner of Italy.

"Italy is in the early stages of an economic recovery. They absolutely should not do anything to threaten that, they need to encourage it," he added.

However, while the outcome is positive overall, according to Lorenzo Codogno,...


Read full article on News GN StockMarket


Read more: Stock markets buoyed by Italian banks rescue but critics say it has killed banking union - CNBC

Stock Market Today - Investor's Business Daily

XAutoplay: On | OffThe major market averages erased early gains on the stock market today, with the Nasdaq composite turning lower.

The Nasdaq fell 0.4%, while the S&P 500 and Dow Jones industrial average advanced less than 0.1%. The Supreme Court lifted a ban on some of President Trump's travel ban order on foreigners from six majority-Muslim nations, but it's unclear if that move had any impact.

Before the open weak durable goods orders for May had little impact. Durable goods orders fell 1.1% in May vs. an expected 0.4% decline.

Among the Dow industrials, financial components Goldman Sachs (GS) and American Express (AXP) led the way with rises of 0.7% and 0.4%, respectively. Apple (AAPL) moved up more than 1% intraday but traded down 0.3% in late morning action. The iPhone maker was attempting to recapture its 50-day line.

Downside performers were limited to Exxon Mobil (XOM) and...


Read full article on News GN StockMarket


Read more: Stock Market Today - Investor's Business Daily

Two charts show why the stock market today is a far cry from the dot-com bubble - Yahoo Finance

The stock market’s incredible run since President Donald Trump’s election win has come down to one sector: tech.

This has some observers asking if we’re not seeing something resembling the 1990s tech bubble, when valuations ballooned, a few major tech giants led the way, and companies with no prospects to make money went public.

But in a new note to clients, John Higgins at Capital Economics argues the answer to that question is no. We’re seeing less enthusiasm from investors this time around, and we’re also seeing less insane valuations for stocks.

Higgins notes that back in 1996, then-Fed Chair Alan Greenspan gave his infamous warning that perhaps investor enthusiasm for stocks had become “irrational exuberance.” After this speech, valuations took off as Greenspan’s warning was roundly ignored. And then the market crashed, as Higgins shows in this chart.

View photos

Stocks...


Read full article on News GN StockMarket


Read more: Two charts show why the stock market today is a far cry from the dot-com bubble - Yahoo Finance

A crucial stock market indicator just got its most bullish reading on record - Business Insider

Bull runningA running bull in Pamplona gets in the stock-buying spirit. REUTERS/Desmond Boylan

How low can the VIX go?

That seems to be the question hedge funds are asking themselves as they continue to bet that the so-called stock market fear gauge will fall further from current near-record-low levels.

Positioning on VIX futures, which allow investors to bet on whether or not the stock market will see big price swings, is now the most bearish on record, according to Commodity Futures Trading Commission data going back to 2004.

And a bet against the VIX generally translates to a bullish wager on the S&P 500, since the VIX and the S&P 500 tend to move in opposite directions. That means investors are the most confident about further gains in stocks than at any point in more than a decade, at least according to this measure.

vix positioningBusiness Insider / Andy Kiersz, data from CFTC

It's the latest optimistic...


Read full article on News GN StockMarket


Read more: A crucial stock market indicator just got its most bullish reading on record - Business Insider

ETFs drive stock-market demand as buybacks slow: Goldman ... - MarketWatch

Exchange-traded funds are driving demand for stocks as the pace of stock buybacks slow, said analysts at Goldman Sachs.

In a Friday note, analysts led by equity strategist David Kostin noted that ETF demand for equities surged to $98 billion in the first quarter, putting 2017 on pace to exceed total demand in 2015 and 2016 combined. On an annualized basis, the $98 billion in first-quarter demand from ETFs would translate into purchases of $390 billion in 2017, which would top total ETF purchases for 2015 ($174 billion) and 2016 (188 billion) combined.

The Goldman analysts, however, expect the S&P 500 SPX, +0.03%  to end the year at 2,300—down nearly 6% from Friday’s close near 2,438. They expect ETF purchases to slow in the second half, making for an annual figure of $300 billion, which would still be a record.

See: S&P 500 companies slash share buybacks despite record cash levels

As...


Read full article on News GN StockMarket


Read more: ETFs drive stock-market demand as buybacks slow: Goldman ... - MarketWatch

MARKET SNAPSHOT: Stock Market Struggles To Defend Gains As ... - Fox Business

Arconic tops S&P 500 losers

Continue Reading Below

The broader stock market struggled to build on moderate gains Monday as the technology sector traded lower on the back of weakness in prominent tech names.

The Dow Jones Industrial Average rose 39 points, or 0.2%, to 21,433. The Nasdaq Composite Index shed 13 points, or 0.2%, to 6,251 as Apple Inc.(AAPL) dropped 0.3% and Facebook Inc.(FB) and Alphabet Inc.(GOOGL) headed south.

The S&P 500 was up 2 points, or 0.1%, to 2,440, with so-called defensive sectors, such as utilities and telecoms leading. The technology sector, which was trading up 0.7% in early trade, reversed course to fall 0.4%.

The benchmark S&P 500 is up about 9% in the first half of the year, with some analysts suggesting that the second half will likely be positive as well.

"When the 500's first-half price gain was between 7% and 12%...the market went on to record...


Read full article on News GN StockMarket


Read more: MARKET SNAPSHOT: Stock Market Struggles To Defend Gains As ... - Fox Business

Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Scientists researchers laboratory biotechA couple of chemists celebrating biotech's big week. U.S. Army RDECOM / Flickr

Don't look now, but there's some competition brewing atop the equity market standings.

US indices have been ruled by mega-cap technology companies and financial firms for much of the period since the presidential election in November. But after some bullish news last week, drug developers now look poised to give them a run for their money.

The Nasdaq Biotechnology Index (NBI) surged 9.2% over the five days, its biggest increase since the week of the election. Portola Pharmaceuticals and Clovis Oncology led the charge for the 162-company gauge, both climbing more than 55%.

In addition, an exchange-traded fund tracking the gauge absorbed more than $700 million during the three days ended Friday, the biggest inflow since early November for a period of that length.

ibb fund flowBusiness Insider / Andy Kiersz, data from...


Read full article on News GN StockMarket


Read more: Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Stock markets buoyed by Italian banks rescue but critics say it has killed banking union - CNBC

Agreeing that this was a positive development for Italy's overall banking system which is still weighed down by around 300 billion of bad loans, Eric Lonergan, fund manager at M&G, argued that the emphasis placed by the deal's proponents on the need to safeguard the Venetian economy is overplayed but necessary in this case.

"Finally there's some pragmatism…they have to exaggerate significance to get away with state aid," he contended, referring to the justification being cited for protecting senior bondholders and depositors, many of whom are local customers of the failing banks which are located in the relatively prosperous north-eastern corner of Italy.

"Italy is in the early stages of an economic recovery. They absolutely should not do anything to threaten that, they need to encourage it," he added.

However, while the outcome is positive overall, according to Lorenzo Codogno,...


Read full article on News GN StockMarket


Read more: Stock markets buoyed by Italian banks rescue but critics say it has killed banking union - CNBC

5 Signs You Should Be a Little Worried About the Stock Market - Money Magazine

With the stock market near a record high, investors are feeling pretty good about themselves. And that may be a bad sign.

Last Monday, the Dow hit a new record of 21,528.99. Despite falling back slightly later in the week, it remains within 200 points of that mark. Indeed, data show that, after seven years of steady if not spectacular economic growth, Americans have a rosier outlook than any time since the financial crisis.

That may actually be a problem, say market pros. "Confidence is good to a point. But when it's extreme it becomes a contrarian indicator," says Doug Ramsey, chief investment officer of Leuthold Group, a research and investment firm known or relying on economic data for its investment calls.

History shows stocks do best following periods of investor fear and pessimism -- when those once-fearful investors step back into the market and increase demand for...


Read full article on News GN StockMarket


Read more: 5 Signs You Should Be a Little Worried About the Stock Market - Money Magazine

Stock market starts last week of quarter higher as crude gets an early lift - MarketWatch

U.S. stocks opened modestly higher Monday as crude-oil prices rose, with investors looking to close out the last week of the quarter and first half of 2017. The Dow Jones Industrial Average DJIA, +0.07% climbed 0.3% at 21,458, the S&P 500 index SPX, +0.03% gained 0.3% at 2,446, while the Nasdaq Composite Index COMP, -0.29% jumped 0.6% to 6,301. Early market moves followed a weaker durable-goods orders report, which showed that orders slipped 1.1% last month, compared with a 0.6% decline expected by an average estimate of economists polled by MarketWatch. Meanwhile, U.S. crude-oil prices were trending slightly higher, with August crude up 0.2% at $43.09 a barrel. In corporate news, shares of U.S.-listed shares of Nestle SA (s: NSRGY) could also be in focus after news that billionaire activist investor Daniel Loeb's Third Point LLC took a $3.5 billion stake in the consumer-products...


Read full article on News GN StockMarket


Read more: Stock market starts last week of quarter higher as crude gets an early lift - MarketWatch

A crucial stock market indicator just got its most bullish reading on record - Business Insider

Bull runningA running bull in Pamplona gets in the stock-buying spirit. REUTERS/Desmond Boylan

How low can the VIX go?

That seems to be the question hedge funds are asking themselves as they continue to bet that the so-called stock market fear gauge will fall further from current near-record-low levels.

Positioning on VIX futures, which allow investors to bet on whether or not the stock market will see big price swings, is now the most bearish on record, according to Commodity Futures Trading Commission data going back to 2004.

And a bet against the VIX generally translates to a bullish wager on the S&P 500, since the VIX and the S&P 500 tend to move in opposite directions. That means investors are the most confident about further gains in stocks than at any point in more than a decade, at least according to this measure.

vix positioningBusiness Insider / Andy Kiersz, data from CFTC

It's the latest optimistic...


Read full article on News GN StockMarket


Read more: A crucial stock market indicator just got its most bullish reading on record - Business Insider

Two charts show why the stock market today is a far cry from the dot-com bubble - Yahoo Finance

The stock market’s incredible run since President Donald Trump’s election win has come down to one sector: tech.

This has some observers asking if we’re not seeing something resembling the 1990s tech bubble, when valuations ballooned, a few major tech giants led the way, and companies with no prospects to make money went public.

But in a new note to clients, John Higgins at Capital Economics argues the answer to that question is no. We’re seeing less enthusiasm from investors this time around, and we’re also seeing less insane valuations for stocks.

Higgins notes that back in 1996, then-Fed Chair Alan Greenspan gave his infamous warning that perhaps investor enthusiasm for stocks had become “irrational exuberance.” After this speech, valuations took off as Greenspan’s warning was roundly ignored. And then the market crashed, as Higgins shows in this chart.

View photos

Stocks...


Read full article on News GN StockMarket


Read more: Two charts show why the stock market today is a far cry from the dot-com bubble - Yahoo Finance

ETFs drive stock-market demand as buybacks slow: Goldman - MarketWatch

Exchange-traded funds are driving demand for stocks as the pace of stock buybacks slow, said analysts at Goldman Sachs.

In a Friday note, analysts led by equity strategist David Kostin noted that ETF demand for equities surged to $98 billion in the first quarter, putting 2017 on pace to exceed total demand in 2015 and 2016 combined. On an annualized basis, the $98 billion in first-quarter demand from ETFs would translate into purchases of $390 billion in 2017, which would top total ETF purchases for 2015 ($174 billion) and 2016 (188 billion) combined.

The Goldman analysts, however, expect the S&P 500 SPX, +0.03%  to end the year at 2,300—down nearly 6% from Friday’s close near 2,438. They expect ETF purchases to slow in the second half, making for an annual figure of $300 billion, which would still be a record.

See: S&P 500 companies slash share buybacks despite record cash levels

As...


Read full article on News GN StockMarket


Read more: ETFs drive stock-market demand as buybacks slow: Goldman - MarketWatch

Dow halts 4-session skid, but Nasdaq slumps as technology stocks ... - MarketWatch

The Dow industrials on Monday ended a string of daily losses at four, but the Nasdaq Composite faltered, putting pressure on the broader market.

The Dow Jones Industrial Average DJIA, +0.07%  rose 14.79 points, or less than 0.1%, at 21,409.55. The Nasdaq Composite Index COMP, -0.29%  shed 18.10 points, or 0.2%, to 6,251 as Apple Inc. AAPL, -0.31%  dropped 0.3%, and Facebook Inc. FB, -0.95%  and Alphabet Inc. GOOGL, -1.42%  dropped about 1% each.

The S&P 500 SPX, +0.03% finished up 0.77 points, or less than 0.1%, to 2,439.07, with so-called defensive sectors, such as utilities and telecoms, leading gains. The technology sector, which was trading up 0.7% in early trade, reversed course to end down 0.6%.

For the first half of 2017, the benchmark S&P 500 is on track to advance about 9%, with some analysts suggesting that the second half will likely be positive as well.

“When the 500’s...


Read full article on News GN StockMarket


Read more: Dow halts 4-session skid, but Nasdaq slumps as technology stocks ... - MarketWatch

How major US stock market indexes fared on Monday - ABC News

Utilities led U.S. stock indexes to a mostly higher close Monday as falling bond yields made high-dividend companies more attractive to investors seeking income.

Phone companies and banks also did well. Other sectors ended mostly higher but broad market indexes were mixed. Technology companies fell the most after giving back gains from an early rally.

On Monday:

The Standard & Poor's 500 index rose 0.77 points, or 0.03 percent, to 2,439.07.

The Dow Jones industrial average gained 14.79 points, or 0.1 percent, to 21,409.55.

The Nasdaq composite fell 18.10 points, or 0.3 percent, to 6,247.15.

The Russell 2000 index of smaller company stocks rose 1.86, or 0.1 percent, to 1,416.64.

For the year:

The S&P 500 is up 200.24 points, or 8.9 percent.

The Dow is up 1,646.95 points, or 8.3 percent.

The Nasdaq is up 864.03 points, or 16.1 percent.

The Russell 2000 is up 59.51 points, or 4.4...


Read full article on News GN StockMarket


Read more: How major US stock market indexes fared on Monday - ABC News

Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Scientists researchers laboratory biotechA couple of chemists celebrating biotech's big week. U.S. Army RDECOM / Flickr

Don't look now, but there's some competition brewing atop the equity market standings.

US indices have been ruled by mega-cap technology companies and financial firms for much of the period since the presidential election in November. But after some bullish news last week, drug developers now look poised to give them a run for their money.

The Nasdaq Biotechnology Index (NBI) surged 9.2% over the five days, its biggest increase since the week of the election. Portola Pharmaceuticals and Clovis Oncology led the charge for the 162-company gauge, both climbing more than 55%.

In addition, an exchange-traded fund tracking the gauge absorbed more than $700 million during the three days ended Friday, the biggest inflow since early November for a period of that length.

ibb fund flowBusiness Insider / Andy Kiersz, data from...


Read full article on News GN StockMarket


Read more: Biotech, drugmakers, healthcare new champions of the stock market ... - Business Insider

Stock markets buoyed by Italian banks rescue but critics say it has killed banking union - CNBC

Agreeing that this was a positive development for Italy's overall banking system which is still weighed down by around 300 billion of bad loans, Eric Lonergan, fund manager at M&G, argued that the emphasis placed by the deal's proponents on the need to safeguard the Venetian economy is overplayed but necessary in this case.

"Finally there's some pragmatism…they have to exaggerate significance to get away with state aid," he contended, referring to the justification being cited for protecting senior bondholders and depositors, many of whom are local customers of the failing banks which are located in the relatively prosperous north-eastern corner of Italy.

"Italy is in the early stages of an economic recovery. They absolutely should not do anything to threaten that, they need to encourage it," he added.

However, while the outcome is positive overall, according to Lorenzo Codogno,...


Read full article on News GN StockMarket


Read more: Stock markets buoyed by Italian banks rescue but critics say it has killed banking union - CNBC

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Markets Stock

Loading
Chart
o Dow Jones Ind. Avg. 21,409.55 ▲14.79 (0.07%)
o All Ordinaries A$5,752.50 ▼5.90 (-0.10%)
o NASDAQ 100 Index 5,777.59 ▼25.52 (-0.44%)
o S&P 500 Index 2,439.07 ▲0.77 (0.03%)
INDEXDJX:.DJI

Dow Jones Ind. Avg.

Company ID [INDEXDJX:.DJI] Last trade:21,409.55 Trade time:4:52PM EDT Value change:▲14.79 (0.07%)
INDEXASX:XAO

All Ordinaries

Company ID [INDEXASX:XAO] Last trade:A$5,752.50 Trade time:4:35PM GMT+10 Value change:▼5.90 (-0.10%)
INDEXNASDAQ:NDX

NASDAQ 100 Index

Company ID [INDEXNASDAQ:NDX] Last trade:5,777.59 Trade time:5:15PM EDT Value change:▼25.52 (-0.44%)
INDEXSP:.INX

S&P 500 Index

Company ID [INDEXSP:.INX] Last trade:2,439.07 Trade time:4:52PM EDT Value change:▲0.77 (0.03%)

Markets OIL & GAS

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Chart
o Oil 4.56 ▲0.06 (1.33%)
o Gas 65.97 (%)
NYSE:OIL

Oil

Company ID [NYSE:OIL] Last trade:4.56 Trade time:8:00PM EDT Value change:▲0.06 (1.33%)
NYSE:GAS

Gas

Company ID [NYSE:GAS] Last trade:65.97 Trade time:4:03PM EDT Value change: (%)

Markets Currency

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Chart
o Australian Dollar Trst 75.89 ▲0.13 (0.17%)
o Brit Pound Ster. Trst 123.86 ▼0.05 (-0.04%)
o Euro Trst 108.15 ▼0.21 (-0.19%)
o Japanese Yen Trust 86.00 ▼0.49 (-0.57%)
NYSEARCA:FXA

Australian Dollar Trst

Company ID [NYSEARCA:FXA] Last trade:75.89 Trade time:8:00PM EDT Value change:▲0.13 (0.17%)
NYSEARCA:FXB

Brit Pound Ster. Trst

Company ID [NYSEARCA:FXB] Last trade:123.86 Trade time:8:00PM EDT Value change:▼0.05 (-0.04%)
NYSEARCA:FXE

Euro Trst

Company ID [NYSEARCA:FXE] Last trade:108.15 Trade time:8:00PM EDT Value change:▼0.21 (-0.19%)
NYSEARCA:FXY

Japanese Yen Trust

Company ID [NYSEARCA:FXY] Last trade:86.00 Trade time:8:00PM EDT Value change:▼0.49 (-0.57%)

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