S&P 500, Nasdaq Quickly Erase Gains
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StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
What are active managers buying?
August 30, 2024 8:06 AM UTCIn the second quarter, long-only funds (LOs) made significant moves by increasing their exposure to Communication Services, boosting their relative weight in the sector by five percentage points to over 30% overweight, according to a note from Bank of America on Friday.
In its active managers holding update note, BofA says the shift underscores a growing confidence in a sector that was already considered "the most crowded" as LOs sought to capitalize on its perceived stability.
To fund this shift, LOs... More
BCA sees S&P 500 'meaningfully lower 6-to-12 months from today'
August 30, 2024 7:09 AM UTCBCA Research has issued a bearish outlook for the S&P 500, warning that stock prices are likely to be "meaningfully lower 6-to-12 months from today."
"Investors should maintain an underweight stance toward risky assets," wrote BCA.
The firm states that the prediction comes amid growing concerns about the U.S. economy's ability to avoid a recession as labor demand weakens and inflationary pressures persist.
"The U.S. economy is now at the point... More
How do US elections affect the S&P 500 performance?
August 30, 2024 6:27 AM UTCAs U.S. elections approach, their impact on the S&P 500 has become a focal point for investors.
According to Wells Fargo, the period leading up to Election Day typically sees market weakness, with the S&P 500 averaging a negative 4.3% return during the two months before the election.
They explain that this pattern has been consistent over the last six presidential... More
