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Dow Drops Nearly 500 Points to Close at New Low for 2022 on Rising Recession Fears
Stocks tumbled on Friday to cap a brutal week for financial markets, as surging interest rates and foreign currency turmoil heightened recession fear.
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Wall Street Enters a Bear Market. Here's What That Means and What You Should Do
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...
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The S&P 500 Is in a Bear Market; Here's What That Means
Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial conglomerates. Big swings...
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A ‘Bear Market' Looms. What Exactly Does That Mean?
“Bear market” is a term used by investors to describe a steep and sustained market downturn. Technically, it’s a drop of 20% or more from recent highs.
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Philly Region Deals With Soaring Gas Prices
More money is disappearing from people’s wallets as gas prices almost hit the $5 mark around Philly and the Dow plummeted to one of its biggest drops in two years. NBC10’s Aaron Baskerville has the details.
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Dow Plunges More Than 900 Points for Its Worst Day Since 2020, Falls for a Fourth Straight Week
Stocks sank on Friday as investors digested disappointing earnings and rising rates, sending the Dow Jones Industrial Average to its worst day since 2020.
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Lauren Simmons Was the 2nd Black Woman to Ever Trade on the NYSE Floor
Lauren Simmons was the youngest woman ever, and only the second Black woman, to trade stocks on the floor at the New York Stock Exchange. Now she hosts the Going Public podcast, which tells the stories of companies seeking an initial public offering. Simmons says after her story inspired people who have been left out of Wall Street, she decided...
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Why Are Netflix and Peloton Growing Slowly?
You use one subscription while you’re active, and another while you’re (most likely) sitting still. So why are Netflix and Peloton looking so similar right now? Both have experienced slower-than-expected growth of subscribers, and that has led to a dip in the companies’ stock prices, says CNBC’s Julia Boorstin.
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Even the Meme Stock Companies Want You to Be Careful With Your Money
We are living in a meme stock moment, with huge spikes in stocks like AMC and GameStop. But companies are cautioning investors that their stock price is not connected to the health of their business. “It’s not connected to the number of movie tickets sold or the amount of popcorn sold,” says CNBC’s Julia Boorstin.
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Meet the 10-Year-Old Who Made $3,000 From GameStop Stock
Jaydyn Carr, a fifth-grader from San Antonio, watched the GameStop stock he received as a gift from his mother skyrocket more than 5,000%.
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Gambling Addiction Experts See Familiar Aspects in Robinhood App
While the broader public may have gotten its first glimpse this week of the troubling and addictive nature of trading apps like Robinhood, gambling experts, finance watchers and even rival trading apps have long been thinking about how to address these problems, NBC News reports. “The online day trader with problems is indistinguishable from the online gambling addict,” said Keith...
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How Redditors Used GameStop to Take Down a Billion Dollar Hedge Fund
An army of smaller-pocketed, optimistic investors, largely fueled by Reddit, is throwing massive dollars and buy orders at the stock of GameStop — in direct opposition to a group of wealthy investors who are counting on the stock price to plunge.
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In Duel With Small Investors Over GameStop, Big Funds Blink
Across most of America, GameStop is just a place to buy a video game
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Stock Market Reaches New Heights, Financial Expert Explains Why
The Dow Jones Industrial broke 30,000 points on Tuesday. NBC10’s Tracy Davidson speaks to financial expert, Rob Wilson, about why investors feel optimistic and the need for another stimulus check.
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Advice for When the Stock Market is Looking ‘Scary'
Financial expert Rob Wilson tells NBC10 about the stock market’s recent rallying due to the optimism around multiple potential coronavirus vaccines.
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U.S. Stocks Have Rallied Post-Election Day: Here's Why the Market Likes a Divided Country
The U.S. stock market has rallied since Election Day, despite the angst in our country over the ongoing vote count. Tom Essaye, the founder of Sevens Report Research, explains why the U.S. stock market is reacting so positively to the presidential election and what it means for the future.
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Tech Losses Drive Wall Street Down Again, Ending Grim Week
Sharp drops in Apple, Facebook and other big technology companies ended a miserable week on Wall Street on another sour note
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No, Your 401K Is Not in Jeopardy if Trump Loses Re-Election
No, the stock market is NOT going to crash if Donald Trump loses his re-election bid and you’re not going to lose your hard saved 401K, contrary to what he’s been saying the last several months.
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Another Down Day for the Dow Jones, Financial Expert Explains Why
Wall Street’s hopes for a stimulus package before the November 3rd election seem less and less probable. Financial Expert, Rob Wilson joins NBC10’s Jim Rosenfield to discuss how we should be handling this uncertainty in the economy.
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Stocks Rise as Trump Tweets on Stimulus Keep Market Spinning
Stocks are recovering Wednesday after President Donald Trump appeared to backtrack on his decision to halt talks on another rescue effort for the economy.