Articles

Lawrence G. McMillan: Stocks are overbought, yes, but don’t sell yet

Maintain a core bullish position in the U.S. market, strategist Lawrence McMillan says.

Market Extra: Stock market slumps as investors realize rates will be higher for longer

Financial markets finally come around to idea that U.S. interest rates are likely to stay higher for longer, driven by a blowout private-sector jobs report.

The Tell: Tesla deliveries could spark rotation to EVs from AI as stock-market investors chase rally: analysts

Individual investors keep chasing a 2023 stock-market rally, but show signs of pivoting toward electric-vehicle makers and away from AI plays, research firm says.

Market Extra: Why BofA says to own this version of the S&P 500 in the second half of 2023

Investors may be better off owning the equal-weighted version of the S&P 500 in the second half of 2023, after the popular stock-market gauge soared on narrow breadth during the first six months of the year, according to BofA Global Research.

Metals Stocks: Gold ends at lowest level since March as Treasury yields rise on strong U.S. employment and service-sector data

Gold futures settle at their lowest level since March on Thursday as Treasury yields rise on data showing strength in U.S. private-sector employment and in the service sector.

Distributed Ledger: Why Bored Ape cartoon monkey NFTs crashed to a two year low this week

Welcome back to the Distributed Ledger newsletter.

: Pay hikes for switching jobs are shrinking — think twice before you jump ship

Even as employers keep up the hiring spree, pay increases for new hires don't appear to be keeping pace, according to ADP.

MarketWatch First Take: Meta’s Threads has big initial momentum, but sustaining it will be key

Will Meta be able to keep its users coming back?

: DoorDash, Uber and Grubhub sue New York City over minimum wage for delivery workers

A law set to take effect next week would decrease demand for couriers and cost companies, they say.

Crypto: BlackRock’s bitcoin ETF filing is a vote of confidence in Coinbase, one analyst says. Here’s why. 

Led by BlackRock, several major asset managers, such as Fidelity, Invesco, WisdomTree and VanEck, recently filed applications for spot bitcoin ETFs and named Coinbase as their partner for an important surveillance sharing agreement in their filings. 

: The reason U.S. car sales surprised Wall Street? People still overspend on cars.

Strong quarterly U.S. new-car sales surprised Wall Street this week, showing investors that rising interest rates, concerns about the health of the economy and still-limited new-car inventory did not stand in the way of new wheels for many Americans.

Movers & Shakers: Keurig Dr Pepper’s stock climbs on upgrade, Exxon shares slip after update, and other stocks on the move

Meta Platforms, Exxon Mobil and Spirit Airlines shares are all on the move.
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