A late day bounce reduced that the damage, but markets still got beaten up again leaving some strategists scratching their heads.
MICHAEL NAGLE/BLOOMBERG NEWS
The S&P 500 fell 1.2% to 1,829.08, its fifth consecutive loss, while the Dow Jones Industrial Average dropped 254.56 points, or 1.6%, to 15,660.18. The Nasdaq Composite finished off 0.4% at 4,266.84. The Dow Industrials....More>>>
For the first time since I started investing, I have added a stock to my portfolio which is at its all-time high: Broadcom (NASDAQ:AVGO).
AVGO data by YCharts
Broadcom has got some safety issues, but I think they are controllable at the moment. The main reason I have added it to my portfolio is because it is a great combination of a value stock and a growth stock.....More>>>
Boeing (BA) announced plans to reduce the number of people it employs by 4,000 by June. Deutsche Bank’s Myles Walton explains why that’s good news for Boeing stock:
A Boeing 737 MAX on the assembly line Ted S. Warren/Associated Press
The Seattle Times is reporting employee reductions at BCA with an internal target of 4,000 fewer employees by June at BCA. The mechanism....More>>>
Credit rating agency Standard & Poor’s on Friday raised its corporate credit rating on Petroleo Brasileiro S.A. (NYSE: PBR), commonly known as Petrobras, one notch, from B+ to BB-. The rating change does not lift Petrobras out of the non-investment grade category, but it lowers the risk from “highly speculative” to “speculative.”
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15 Best States for Retirement: 2017
When it comes to mergers and acquisitions of RIAs, much attention has rightly been given to “rollup” or consolidator firms like Focus Financial, United Capital and Dynasty. But the latest data published....More>>>