In March of 2019, the shares of the American aircraft giant Boeing (NYSE: BA) experienced a decline of approximately $70 – from about $450 to close to $370. The drop was the direct result of a tragic crash of Ethiopian Airlines Flight 302 – flying a Boeing 737 MAX 8 – that killed all 157 people on board.The aftermath of the crash – which occurred due to issues with certain systems of the 737 MAX aircraft – was only intensified by the fact that several months earlier, the Lion Air Flight 610 – flying the sam ...

After staging an end-of-year rally anticipating interest rate cuts, the U.S. stock market has commenced 2024 on a losing streak, with most equities erasing short-term gains.Notably, the stock market’s performance in the first week of 2024 marked the end of a nine-week bull run, signaling one of the worst starts to the year in recent times.This correction comes when investors are torn between the hope of interest rate cuts and the fear that a robust economy may postpone any potential monetary easing.Stock ma ...

As the buzz around the Congressional stock trading controversy grows, a group of senators has pitched the “Ban Congressional Stock Trading Act” last year to curb potential misuse of insider information. The bill proposes a simple yet impactful solution: Congress members and their families should stow away their stocks in blind trusts or divest to ensure fair play. While the bill awaits its fate, suspicions linger over Capitol Hill’s trading practices. Today, on January 4, Finbold unravels another series of ...

Since the calendar turned to 2024, the US stock market found itself in a tough spot. Amazon (NASDAQ: AMZN) is among stocks that had a slow start to the year, but despite that, the e-commerce giant’s impressive performance last year should not be overlooked. Bolstered by a rapid expansion in the artificial intelligence (AI) space and the resilient recovery of the online advertising sector, AMZN soared, registering an impressive 80% gain. A linchpin among the Magnificent Seven stocks, Amazon played a pivotal ...

With 2023 posting solid numbers in the stock market, the beginning of this year doesn’t look too promising, with the Nasdaq index losing hundreds of billions in market capitalization in just a couple of hours.The Nasdaq Composite has experienced a decline of almost 4% within the past three trading days, eliminating approximately $600 billion in market capitalization. This downturn has erased all gains since December 13 and led to the ‘Magnificent Seven,’ a group of influential technology stocks decreasing b ...

Although Microsoft (NASDAQ: MSFT) has somewhat slowed down its gains in recent weeks, it has nonetheless closed a successful year that has seen the value of its stocks increase nearly 70%, and experts are bullish regarding its success for the next 12 months.Indeed, Microsoft ended a positive year, profiting off the artificial intelligence (AI) hype, increased investor attention, strong fundamentals, and strategic prudence, leading veteran technology analyst at Wedbush wealth management corporation Dan Ives ...

Despite 2023 being a challenging year for the electric vehicle (EV) industry, Elon Musk’s Tesla (NASDAQ: TSLA) managed to continue steadily increasing its number of vehicle deliveries. In fact, its figures for the first three quarters of the year surpassed the total number of vehicles delivered in 2022 – 1,324,074 compared to 1,313,851 – and, in total, it shipped 1,808,581 in the entire year.The company’s successes are also reflected in the stock market as its shares are up 129.86% in the last 52 weeks up t ...

As 2023 drew to a close, Nvidia (NASDAQ: NVDA) unequivocally took center stage in the stock market spotlight. Boasting a staggering year-to-date surge of over 240%, NVDA played a pivotal role in driving the broader equity market’s rally, propelling the S&P 500 to within 0.6% of its record high. With Nvidia’s stock price more than tripling last year, on January 2 we turn our attention to whether Wall Street analysts anticipate the chipmaker sustaining this momentum in 2024 and, if so, to what extent.Wall Str ...

In 2023, the US stock market witnessed a strong revival. As inflation diminished from its 40-year highs and the Federal Reserve (Fed) embraced a more cautious stance on interest rate hikes, investor confidence in risk assets, especially stocks, saw a renewed upswing.The primary catalyst for this upswing was the ‘Magnificent Seven,’ a cluster of seven leading Big Tech companies flourishing amid the ongoing artificial intelligence (AI) boom. Contributing to the favorable sentiment, the Federal Reserve has rec ...

The dawn of 2024 brings a wave of optimism for the stock market, fueled by recent positive macroeconomic developments. The AI-led rally in 2023 has not only reinvigorated Big Tech giants but has propelled some stocks to unprecedented heights. Wall Street, buoyed by resurging confidence, consequently witnessed analysts issuing bullish coverages on these tech behemoths. Furthermore, the Federal Reserve’s confirmation of a dovish pivot, announcing plans to cut rates after a 22-year high, added an extra layer o ...