Meme stocks pare gains
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US stocks climbed on Wednesday after the US struck a trade deal with Japan, lifting hopes for further tariff pacts as Wall Street prepared for Tesla (TSLA) and Alphabet (GOOGL, GOOG) earnings after the bell.
Technical indicators point to more gains, while increased capital spending in the oil patch is seen as a positive for the companies.
Wall Street climbed Wednesday after President Donald Trump reached a trade deal with Japan and hopes rose for more agreements by August 1.
Shares of the EV maker pared losses and traded close to flat in afterhours trading, following results that showed net income plunging 16% and automot
Stocks closed solidly higher on Wednesday as investors welcomed news of a U.S.-Japan trade deal and prepared for the release of quarterly results from EV maker Tesla and Google parent Alphabet.
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JPMorgan said the speed at which some stocks have become overcrowded is the fastest in 30 years. It flagged retail favorites like Palantir and Coinbase.
Shares in global carmakers surged after a U.S. trade agreement with Japan sparked optimism for the auto industry. Japanese auto stocks were particularly buoyant, with Toyota closing up 14%, its bigges
White House revises trade deals, Texas Instruments offers disappointing outlook, Coca-Cola confirms adding cane sugar, and more news to start your day.
Signs of stock-market complacency are emerging as the searing equities rally coincides with an acceleration in earnings downgrades, according to JPMorgan Chase & Co. quantitative strategists.
Most people know that the dream of picking a winning lottery ticket and striking it big is not very realistic. Yet people go into investing with the belief that they can pick "the perfect stock"