US stocks coast toward finish of a record-setting week
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Week That Meme Stocks Returned
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Intel stock falls after the chip maker reports a wider loss in the second quarter, while Centene rises even as it posts a surprise quarterly loss.
Beaten-down stocks such as Kohl’s, Krispy Kreme and Opendoor Technologies have taken off recently, as individual investors pile into heavily shorted equities. The stocks’ cult followings and their outsized gains mirror the performance of GameStop and AMC Entertainment during the original pandemic-era meme-stock frenzy.
While some Wall Street companies are clearly rallying thanks to President Donald Trump’s policies, the same can’t be said for Main Street, according to a chart from BofA Global Research strategists, led by Michael Hartnett.
The sudden return of meme-stock trading may look like risk appetite returning, but it also reflects a kind of market optimism that often appears at unhealthy inflection points. When price action becomes unanchored from fundamentals, volatility usually follows.
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European shares retreated on Friday, giving back gains from the previous session, as automobile stocks weighed and investors awaited updates on EU-U.S. trade talks ahead of U.S. President Donald Trump's tariff deadline next week.
You can invest in stocks through a full-service brokerage, financial technology company, robo-adviser or retirement account, all of which have pros and cons.
UK stocks are poised to open a touch lower, potentially snapping a six-day winning streak as global investor appetite for risk wanes on lower expectations for easing from the US Federal Reserve. The pound has extended yesterday’s drop and is now trading below $1.
The Indian rupee declined to its weakest level in a month in early trading on Friday, pressured by a fall in local equities as well as investors cutting their very near-tenor bullish bets on the currency,
HYBE stock was down this week following fraud allegations against Chairman Bang and the convictions of three employees for insider trading.