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After-hours buzz: SNAP, DIS, & more

Getty Images Snapchat co-founders Bobby Murphy (l) and Evan Spiegel (c) ring the opening bell on March 2, 2017, as NYSE President Thomas Farley looks on. Check out the companies making headlines after the bell Tuesday: Shares of Snap soared nearly 30 percent after the bell before settling up 20.55. …

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The extreme trading in volatility index

Jim Young | Bloomberg | Getty Images A trader works in S&P 500 stock index options pit at the Chicago Board Options Exchange (CBOE) in Chicago, Illinois. A big move in the S&P 500 typically leads to a big move in the Cboe Volatility Index. But never like this. On …

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Shares of the Cboe exchange tank

Tim Boyle | Bloomberg | Getty Images A trader works in the Volatility Index Options (VIX) pit on the floor of the Chicago Board Options Exchange (CBOE) in Chicago, Illinois Cboe Global Markets shares tanked Tuesday amid wild swings in market volatility and a persistent equities sell-off. That scenario is …

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Stock market loses more than $1 trillion in value in February

The S&P 500 has lost well over $1 trillion in market value just three trading days into February. On Monday, the index closed nearly 6.2 percent lower for February. At that level, the benchmark stock index has lost $1.6 trillion in market capitalization since the close on Wednesday, Jan. 31, …

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Dow’s nearly 1,600-point plunge marks its biggest one-day point drop ever

The Dow Jones industrial average marked its biggest single-day point drop on Monday afternoon, plunging nearly 1,600 points during trading hours before recovering to close down 1,175. Officially the Dow fell 1,597, a 6.26 percent drop. But the index of 30 large U.S. companies was recovering some of that decline …

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Bet on at least an 8% pullback for stocks

Technical analyst Carter Worth of Cornerstone Macro said he expects further declines after Friday’s stock market drop. Worth pointed to a trendline from the market’s lows in 2016 that stocks have since tested and held above. To reach that line, Worth said the S&P 500 would have to fall 222 …

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P&G and these other Dow stocks go down the least in a sell-off

During periods of broad market decline and rising volatility, some consumer companies in the Dow Jones industrial average can be safety plays, according to CNBC analysis using Kensho. CNBC found that stocks such as Procter & Gamble and McDonald’s held up the best when the Cboe Volatility index (VIX) — …

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As bitcoin gets cut in half and continues to dive, Wall Street’s Tom Lee remains bullish

The only major U.S. stock market strategist to issue bitcoin price targets is still betting on the cryptocurrency. For a third time since bitcoin’s plunge from a mid-December high, Fundstrat’s Tom Lee published a report reemphasizing his optimistic outlook, after a heavy day of selling. “It has been a terrible …

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How much money does Apple have?

Getty Images A customer purchases the new iPhone X at an Apple store on November 3, 2017 in Palo Alto, California. Apple’s cash reserves hit $285.1 billion in the quarter ending in December, a record, reflecting the company’s move to high-priced handsets and new tax regulations. That’s compared to $268.9 …

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Bitcoin drops 9%, nears crucial make-or-break level of $9,000

Bitcoin dropped Thursday to trade just above $9,000, a critical level of support that many analysts are watching. The digital currency fell 9.9 percent to a low of $9,157.40 and was trading near $9,206 as of 8:52 a.m. ET, according to CoinDesk’s bitcoin price index, which tracks prices from four …

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