Technology and growth stocks are off to a strong start in 2023, but a popular exchange-traded fund isn’t getting much love lately.
Lawrence G. McMillan: The S&P 500 is trying to top 4100, and the odds favor that happening by the end of January.
Late January’s typical trading pattern is bullish for the U.S. stock market.
: Bed Bath & Beyond stock plunges more than 20% after filing shows default on loans
Bed Bath & Beyond Inc. shares plunged more than 20% and were halted repeatedly Thursday afternoon, after the retailer disclosed it was in default on loans.
Personal Finance Daily: The housing market is ‘thawing’ from a ‘months-long freeze,’ Freddie Mac says, as mortgage rates continue their downward trek and Fannie Mae chief economist sees house prices dropping in 2023 and 2024
Thursday’s top personal finance stories.
Earnings Results: McCormick is cutting jobs, starting with ‘voluntary’ retirement followed by ‘involuntary’ layoffs
McCormick stock dropped after another disappointing earnings report, and after saying it was laying off employees as part of a $125 million cost-cutting plan
Earnings Results: Sherwin-Williams issues big profit and sales warnings, will ‘prepare for the worst’ in 2023
Sherwin-Williams stock tumbled after a 2023 profit and sales warning, as housing is expected to face “significant pressure” and as industrial activity slows.
: LendingClub stock is on track for its biggest percentage drop in a year, as 2023 outlook gets cloudier
Shares of LendingClub Corp. sank 12% on Thursday and were on pace for their biggest percentage drop in nearly a year.
Distributed Ledger: Why bitcoin is up 40% in January despite crypto industry carnage. Can the rally continue?
The latest Distributed Ledger columns from MarketWatch. A weekly look at the most important moves and news in crypto.
Market Extra: Hedge funds hit with $111 billion in outflows in 2022 as Fed rate hikes rattle investors
Hedge funds end a brutal 2022 with their third-worst year of outflows since 2008-2009, according to a new tally of fund flows by eVestment.
: Southwest losses deeper than Wall Street’s dialed-down hopes, marring bright Q4 for airlines
The report was a down note for an otherwise good reporting season for U.S. major air carriers