Fundstrat Managing Partner Tom Lee said Thursday that the long-term investment case for semiconductor and memory stocks remains intact despite the recent sell-off, and that the pullback represents a buying opportunity.During an interview with CNBC, Lee noted there has been a “breakdown” in stocks a…
U.S. stock futures climbed in the overnight session late Wednesday, reversing a sell-off triggered by rising tensions between the U.S. and Iran after President Donald Trump said that the interim deal to end the war with Iran was "over."Nasdaq 100 futures rose 0.19%, S&P 500 futures climbed 0.08%, w…
Oil prices spiked on Tuesday after a re-escalation of conflict between the U.S. and Iran in the Strait of Hormuz, sending energy-related exchange-traded funds higher.The Energy Select Sector SPDR Fund (XLE) climbed nearly 3% at close, inching higher in the overnight session. The United States Oil F…
The United States launched a series of powerful retaliatory airstrikes against military infrastructure in southern Iran on Tuesday, hours after the Trump administration rescinded economic waivers allowing Iranian oil exports.The twin military and economic actions follow a succession of projectile a…
U.S. stock indices ended lower on Tuesday as investors sold off high-growth tech and chipmaker stocks as Treasury yields spiked owing to a jump in oil prices after Iran attacked a Qatari shipment in the Strait of Hormuz.The S&P 500 ended 0.5% lower, while the Nasdaq 100 lost 1.8% and the Dow Jones…
By Purvi Agarwal and Rashika SinghSpaceX's NASDAQ:SPCX addition to the Nasdaq 100 index on Tuesday is expected to unleash billions in passive buying, as brokerages kick off coverage of the $2 trillion-plus rocket and satellite company with broadly bullish views.Shares of the Elon Musk-led company w…
Coatue Management's hedge fund has delivered another strong month, rising 4.7% in June as technology stocks tied to the artificial intelligence boom continued to gain momentum. According to a person familiar with the matter, the latest result lifted the fund's return this year to 24.5%, reflecting…
President Donald Trump on Monday announced the debut of Trump Accounts, saying that more than $800 million will be invested in the U.S. stock markets this week on behalf of American children.Addressing reporters at the White House, the U.S. President said that these Trump Accounts are being funded…
A weaker-than-expected jobs report and Federal Reserve Chair Kevin Warsh’s guarded remarks at the European Central Bank Forum in Sintra, Portugal, have reduced the odds of a rate hike at the Federal Open Market Committee (FOMC) in July, according to Barclays.U.S. payrolls rose by 57,000 in June, mi…
By Barron's Advisor StaffInvestors eager to own and trade the tech-heavy Nasdaq 100 stock index are getting a larger and potentially cheaper lineup of exchange-traded funds to choose from. On Wednesday, the State Street SPDR Portfolio Nasdaq 100 ETF launched. Until now, Invesco QQQ Trust Series I E…
