Latest news with #NASDAQComposite
Time of India
27-05-2025
- Business
- Time of India
Wall Street opens higher as tech stocks lead gains; Dow jumps over 300 points
US stock markets opened on a strong note Tuesday, with all three major indexes climbing as investor sentiment remained buoyant on the back of robust tech gains and cooling Treasury yields. Tired of too many ads? go ad free now The Dow Jones Industrial Average (DJIA) jumped 364.97 points to open at 41,968.04, rising 0.88%, while the NASDAQ Composite surged 276.3 points to 19,013.5, a gain of 1.48%, as tech-heavy counters saw renewed buying interest. The broader S&P 500 also moved higher, adding 63.68 points to trade at 5,866.5, up 1.1% in early deals. Markets responded positively to the modest drop in US 10-year Treasury yields, which fell 4 basis points to 4.471%, offering relief to equity valuations, particularly in growth-sensitive sectors. Meanwhile, gold prices took a hit, falling $71.9 to $3,293.9, down 2.14%, as traders rotated out of safe-haven assets in favor of equities. Oil prices also edged lower, with US crude trading at $61.04, a decline of $0.49 or 0.8%, amid mixed global demand signals. In currency markets, the euro weakened slightly against the US dollar, with the EUR/USD pair slipping to 1.137, down 0.002 or 0.176%. The CBOE Volatility Index (VIX), often dubbed Wall Street's 'fear gauge,' edged up to 20.77, rising 0.2 points or 0.97%, signaling lingering caution despite broader market gains initial minute of trading. Earlier, global stock markets and US futures surged on Tuesday after a weekend trade truce between the United States and the European Union eased fears of an imminent tariff escalation. The rebound comes after a tense end to last week when US President Donald Trump threatened to impose a blanket 50% tariff on EU imports starting June 1, causing markets to tumble. However, on Sunday, Trump announced he would delay the tariffs until July 9 to give both sides more time to negotiate. Tired of too many ads? go ad free now This helped lift investor sentiment, pushing S&P 500 futures up by 1.5%, Nasdaq futures by 1.6%, and Dow Jones Industrial Average futures by 1.4%—recovering Friday's losses. In Europe, stock indexes also rose in midday trading. London's FTSE 100 jumped 0.8% as it reopened after a holiday, while Germany's DAX climbed 0.7% and France's CAC 40 edged up 0.2%. EU's chief trade negotiator said on Monday that talks with US officials had been positive and that the bloc remained committed to finalizing a deal by the July deadline. Tesla shares rose 2.1% in premarket trading despite data showing its April vehicle sales in Europe fell 49% year-on-year to 7,261 units, even as the region's total electric vehicle market grew 28%. The sharp decline for Tesla—amid increasing competition and public backlash against CEO Elon Musk's controversial political views—highlights the brand's ongoing challenges in the region. Southwest Airlines also gained nearly 3% ahead of its policy change taking effect Wednesday, which will end the airline's long-standing policy of free checked bags. The airline, under pressure from activist investors, is seeking to boost revenue through additional fees after struggling financially in recent quarters. Investors are also awaiting key US economic data due later in the day, including reports on consumer confidence and home prices, which could offer clues about the health of the economy. In Asia, markets closed mixed. Japan's Nikkei 225 rose 0.5% to 37,724.11 after Bank of Japan Governor Kazuo Ueda signaled the possibility of an interest rate hike in the coming months. Ueda cited surging food prices, especially rice, and inflation above the BOJ's 2% target as reasons for tightening. While acknowledging risks from global trade tensions, he said Japan was closer than ever to achieving its inflation target after decades of deflation. Elsewhere in Asia, Hong Kong's Hang Seng gained 0.4%, while the Shanghai Composite slipped 0.2%. South Korea's Kospi lost 0.3%, Taiwan's Taiex dropped 0.9%, and India's Sensex fell 1.2%. Australia's S&P/ASX 200 rose 0.6%. In commodities, US benchmark crude edged down 7 cents to $61.46 per barrel, while Brent crude lost 4 cents to $64.08. In currency markets, the US dollar strengthened to 144.08 yen from 142.85 yen. The euro slipped slightly to $1.1348 from $1.1388.
Yahoo
26-05-2025
- Business
- Yahoo
Is this a turning point for markets?
-- Despite a turbulent start to 2025 marked by policy uncertainty and renewed concern over the U.S. growth outlook, equity markets have shown surprising resilience in recent weeks. The S&P 500 is down just 1.3% year-to-date, while the NASDAQ Composite is down about 3%. In contrast, the more economically sensitive Russell 2000 has dropped 8.5%, reflecting investor caution toward cyclical exposure. Wolfe Research analysts attribute the market's recent relative stability to 'positive news on the trade front and better-than-expected soft data economic surprises,' which have helped offset deepening fears of a recession that surfaced only weeks ago. However, concerns are mounting around the U.S. fiscal trajectory. As bond vigilantes push back against unsustainable federal deficits, Wolfe expects volatility to persist through the summer. 'We continue to remain defensively positioned as stocks are likely to be hypersensitive to economic data and moves in long-term interest rates over the coming months,' the analysts wrote. There is some early optimism, as sentiment indicators have improved slightly. Still, the analysts remains cautious. 'While we're encouraged by the slight improvement in sentiment surveys, our sense is we'll need to see a reacceleration in the economy before shifting to more cyclical positioning,' they said in a note. Markets were also buoyed after Donald Trump postponed a planned 50% tariff on EU imports until July 9, following a call with European Commission President Ursula von der Leyen. 'She said she wants to get down to serious negotiation,' Trump said Sunday. 'July 9 would be the day… I agreed to do that.' In response to these news, STOXX 600 index rose 1% while the German DAX added as much as 1.6%. U.S. equity markets are closed Monday in observance of Memorial Day. Trading will resume Tuesday, following a week marked by geopolitical headlines, fiscal concerns, and a solid rebound in risk sentiment. Related articles Is this a turning point for markets? China auto stocks take a hit as BYD, Geely offer fresh incentives ArcelorMittal shares surge as Trump backs Nippon Steel partnership
Yahoo
16-05-2025
- Business
- Yahoo
TSX Retreats from Recent Highs
Equities in Toronto opened lower on Friday, pulling back from the previous session's record high, led by losses in mining stocks, while investors focused on trade-related developments. The TSX Composite Index cooled off 22 points to begin Friday at 25,875.48 The Canadian dollar dipped 0.05 cents at 71.60 cents U.S. Investors cheered the 90-day pause in the U.S.-China tariff dispute, which reduces the global recession risks, and the bilateral trade agreement between the U.S. and the U.K. a week ago, igniting hopes for potential trade deals with the U.S. In corporate news, oil and gas producer Strathcona said late Thursday it plans to launch a $5.93-billion takeover bid for peer MEG Energy. Strathcona shares began Friday down 53 cents, or 1.7%, to $30.39, while those for MEG sprinted $3.63, or 17%, to $24.93. Markets in Canada will be closed Monday for Victoria Day. On the economic slate, Statistics Canada reported Friday that Canadian investors acquired $15.6 billion of foreign securities in March, mainly in U.S. bonds. Meanwhile, foreign investors reduced their exposure to Canadian securities by $4.2 billion, marking a second consecutive monthly divestment. ON BAYSTREET The TSX Venture Exchange sliced ahead 1.19 points to 668.64. All but three of the 12 subgroups lost ground. with gold and materials each fading 1.6%, while consumer staples dipped 0.1%. The three gainers were real-estate and telecoms, each up 0.5%, while consumer discretionary inched ahead 0.2%. ON WALLSTREET The S&P 500 was little changed after the release of disappointing consumer sentiment data slowed the benchmark's four-day winning streak. The benchmark is still on track for a sharp gain on the week after entering positive territory for the 2025. Read: Gold's Bull Case Strengthens as Miners Advance Projects Across the Globe As Functional Drinks Go Mainstream, Investors Are Following the Trend Major Drilling Programs Ramp Up Just as Gold Sentiment Turns Bullish The FDA's Quiet AI Pivot May Trigger the Next Major Investment Cycle in Healthtech AI in Clinics and Hospitals, Along with FDA Steps Signal Opportunity for Early Mover Advantages The Dow Jones Industrials kept their momentum building 23.11 points to commence the week's last session at 42,345.86 The much-broader index ditched 0.44 points to 5,917.37. The NASDAQ Composite dipped 18.14 points to 19,094.17. Stocks have made a strong comeback since U.S. and Chinese officials earlier this week agreed on a 90-day truce in their tariff measures, which eased investors' fears of escalating global trade tensions and rising risk to the economy. Week to date, the S&P 500 is up 4.5%, and the Dow has gained 2.6%. The NASDAQ Composite has jumped more than 6% this week. Both the S&P 500 and Dow closed higher on Thursday, while the NASDAQ fell slightly. A weaker-than-expected reading of consumer sentiment put a dent in overall investor enthusiasm on Friday. The University of Michigan's survey of consumers fell to 50.8 in May, down from 52.2 in April, which is the second-lowest reading ever behind June 2022. Consumer expectations for inflation over the next year jumped to 7.3% from 6.5% last month, as survey respondents continue to signal worry tied to President Donald Trump's tariffs. Friday could see an uptick in volatility on Wall Street due to a large amount of options contracts that are set to expire. Goldman Sachs estimated that more than $2.8 trillion of notional options exposure will expire on Friday, the biggest such number on record for a May trading day. Prices for the 10-year Treasury gained a small measure of strength, lowering yields to 4.43% from Thursday's 4.44%. Treasury prices and yields move in opposite directions. Oil prices captured 22 cents to $61.84 U.S. a barrel. Prices for gold turned lower $47.80 to $3,178.80Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-04-2025
- Business
- Yahoo
Is Regulus Therapeutics Inc. (RGLS) the Best Rising Penny Stock to Buy According to Analysts?
We recently published a list of the . In this article, we are going to take a look at where Regulus Therapeutics Inc. (NASDAQ:RGLS) stands against other best rising penny stocks to buy according to analysts. The start of 2025 was characterized by a series of challenges for the US equities across the board. Tariffs, inflationary concerns, the risk of recession, and loss of consumer confidence, all led to the small-cap Russell 2000 Index falling 9.5% and the large-cap Russell 1000 Index falling 4.5%. On April 1, Royce Investment released its fiscal first quarter outlook for small-cap stocks. Francis Gannon, who is the Co-Chief Investment Officer, and Managing Director, noted that while the large-cap outperformed the small-caps, however, this performance was not concentrated among the Magnificent Seven, which has dominated the market previously. This is evident from the fact that the Russell Top 50 Index fell 7.6%, whereas the NASDAQ Composite was down more than 10.3%. Gannon highlighted that while the small-cap stocks underperformed the large caps, however, the divergence from the Mag Seven is a positive trend for the small-cap stocks. He noted that historically speaking the broadening of the market away from the top few stocks has meant good things for the small caps in the long term. Moreover, while dissecting the performance of small-cap equities during the downturn, Gannon noted that the Russell 2000 Value Index held better as compared to the Russell 2000 Growth Index. The small-cap value stocks have outperformed the growth counterparts over 1 and 5-year comparisons. However, when looked up from a 10-year standpoint the performance for both categories remains the same. Gannon further pointed out that during the first quarter of 2025, the biggest detractors of the Index were Information Technology, Industrials, Health Care, and Consumer Discretionary, while Utilities was the only positive contributor. Lasty, Gannon shared his experience of being a small-cap investment strategist for over 50 years. He highlighted it is still too early to tell if the first quarter drop for small-cap stocks was only short-term or indicates a long-term period of falling, however, he noted that corrections are common for the small-cap investors. Gannon advised investors to learn to be greedy when others are fearful and vice versa if they are interested in small caps. Moreover, looking at the stocks from a valuation standpoint, small caps remain largely undervalued as compared to large caps and Gannon advised the key to tackling periods of uncertainty is to remain invested. To compile the list of the 10 best-rising penny stocks to buy according to analysts, we used the Finviz stock screener and CNN. Using the screener, we aggregated the list of penny stocks (trading between $1 and $5) with more than 30% share price appreciation over the past month, and more than 30% average upside potential. Lastly, we sorted the list by market capitalization and ranked the stocks in ascending order of the number of hedge funds sourced from Insider Monkey's Q4 2024 database. Please note that the data was collected on April 17, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). A factory worker in a hard hat operating a machine, symbolizing the preclinical drug production process. Regulus Therapeutics Inc. (NASDAQ:RGLS) is another clinical-stage pharmaceutical company that engages in the development of medicines that target microRNAs to treat various unmet medical conditions. Its key focus area includes Orphan Kidney Disease with Farabursen being its main drug candidate. On March 31, Leerink Partners analyst Joseph Schwartz reiterated a Buy rating on Regulus Therapeutics Inc. (NASDAQ:RGLS). The analyst noted that the company's lead drug candidate for treating ADPKD showed positive results in the fourth cohort of the phase 1b study. The results indicate that the drug is effective in curbing the growth of height-adjusted total kidney volume. Moreover, Schwartz also likes the company's engagement with the FDA which topped with the positive results points towards speedy approvals. Considering these positive factors, analysts anticipate more than 284% upside for the stock, making it the best-rising penny stock to buy according to analysts. Overall, RGLS ranks 1st on our list of best rising penny stocks to buy according to analysts. While we acknowledge the potential of RGLS to grow, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than RGLS but that trades at less than 5 times its earnings, check out our report about the . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
09-04-2025
- Business
- Yahoo
Ivanhoe Electric Inc. (IE): Among Small-Cap Stocks Insiders Were Buying in Q1 2025
We recently published a list of . In this article, we are going to take a look at where vanhoe Electric Inc. (NYSEAMERICAN:IE) stands against other small-cap stocks insiders were buying in Q1 2025. President Donald Trump's initial unilateral 10% tariff went into effect on Saturday, at least partly causing the drop in the stock market. On Sunday, the President said 'I don't want anything to go down, but sometimes you have to take medicine to fix something,' as reported by CNBC. On Monday morning, the broader market index lost 1.87%, marking an 11% loss over the past five trading days, signaling the possibility of entering a bear market. Also, during Monday's morning session, the blue-chip companies declined 2.34% and the NASDAQ Composite lost 1.57%. Amid market uncertainty, insider trading often attracts attention. Executive stock purchases can indicate optimism, while sales might reflect personal financial decisions or investment diversification. Executives usually follow pre-arranged strategies, such as 10b5-1 plans, and insider trading should be considered alongside the company's financial health and market conditions. Today, we're focusing on stocks with small market capitalizations that have seen heavy insider buying activity in the first quarter of the year. Using Insider Monkey's insider trading screener, we identified companies with market caps between $250 million and $2 billion, where at least four insiders purchased shares in the past three months. From this list, we ranked the top 20 stocks with the highest number of insiders making purchases. Stocks that have been recently covered were excluded from our analysis. Our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds, focusing on insider trading and stock picks from hedge fund investor newsletters and conferences. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (). For each stock, we note the number of insiders who acquired shares in the first quarter and the market capitalizations. Let's take a look at the 20 small-cap stocks insiders were buying in Q1 2025. A miner in a safety helmet examining a mineral core sample in a laboratory. Number of insiders buying: 4 Market Capitalization: $628.36 million Ivanhoe Electric Inc. is a U.S.-based mineral exploration and technology company focused on copper and gold, utilizing advanced geophysical imaging technologies. The company owns the Santa Cruz Copper Project in Arizona and develops critical metals for electrification and renewable energy markets. It is also one of the 10 best copper stocks to buy according to Wall Street analysts. In February and March, four insiders, including the president and CEO, and CFO acquired $493,025 worth of Ivanhoe Electric shares at an average price of $5.83 per share. Currently, the stock trades at $4.74, having lost 37.22% year-to-date and 56.07% over the past 12 months. According to MarketBeat, four analysts rate Ivanhoe Electric stock as 'Buy' with a price target of $16.00. The average price target suggests an upside of 177.78%. Overall, IE ranks 17th on our list of small-cap stocks insiders were buying in Q1 2025. While we acknowledge the potential of IE, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than IE but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
