Wynn Resorts (WYNN) sunk to the bottom of the S&P 500 today after China said it would limit ATM withdrawals in Macau.
Shares of Wynn Resorts dropped 11% to$90.72 today, while the S&P 500 gained 0.2% to 2,246.19.
My colleague Dimitra DeFotis, who runs Barron’s Emerging Markets Daily, explains what happened:
The move is another in a series to....More>>>
Has Wall Street hit peak stock-market elation? Exuberance has the Dow Jones Industrial Average on the brink of piercing through a milestone of 20,000a level it has never hit before.
Read: What Dow 20,000 means for stock-market investors
Perhaps, that is why some market experts are espousing an unequivocally bullish outlook for equities. That level of enthusiasm was on full display....More>>>
Remember when Morgan Stanley’s Adam Jonas downgraded Tesla Motors (TSLA)? That was back in June, when Tesla had made its offer to buy Solar City, and while other analysts were also downgrading the stock, Jonas’ decision to lower Tesla to Equal Weight from Overweight seemed significant because he’d been so bullish on its shares.
Well, now the bull....More>>>
With 2016 behind us, some investors are looking backward to see what worked and what did not. With a 14% rally in the Dow Jones Industrial Average (DJIA) this year, the more important issue to consider is what investors should expect for 2017. The Dow has been within 1% of 20,000 for several days now. What if the Dow actually manages to hit 22,000 in 2017? It may be far more possible than most investors....More>>>
Retirement savers who work with Merrill Lynch will no longer be able to pay their broker a commission, the latest example of how new rules on retirement accounts are roiling the wealth-management industry.
The Bank of America Corp. ....More>>>