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Monthly Archives: February 2018

XIV, Exchange-traded security linked to volatility, plummets 80%

An exchange-traded security which is supposed to be a bet on calm markets was collapsing after hours. The VelocityShares Daily Inverse VIX Short-Term exchange-traded note (XIV) is down more than 80 percent in extended trading Monday. The security, issued by Credit Suisse, is supposed to give the opposite return of …

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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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S&P 500 suffers rapid 5% drop, history shows it may struggle some more

Stocks tend to rise after declines as swift as we’ve seen in the last week, but it is far from a sure thing. The S&P 500 has fallen more than 5 percent just six trading days after reaching an all-time high. CNBC analysis using Kensho found the index trades positive …

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Sell-off continues after hours — S&P 500 futures now down 6% on the day

S&P 500 futures were trading below the lowest level hit earlier in the stock market during Monday’s wild sell off. The S&P 500 was down 113 points, or 4.1 percent Monday in its worst day since August, 2011. The futures, which typically match the spot market’s decline, were down even …

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Trump calls Democrats ‘un-American’ and ‘treasonous’

Getty Images U.S. Rep Steny Hoyer, D-Md., and U.S. House Minority Leader Nancy Pelosi, D-Calif., watch during the State of the Union address in the chamber of the U.S. House of Representatives January 30, 2018 in Washington, DC. President Donald Trump on Monday ripped into Democrats who held their applause …

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More than $90 billion in value wiped out from the popular ‘FANG’ tech stocks

Maria Bastone | AFP | Getty Images A trader (c) on the New York Stock Exchange looks at stock rates 19 October 1987 as stocks were devastated during one of the most frantic days in the exchange’s history. It was a rough day for growth technology investors. So-called FANG stocks …

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Tech stocks look ‘downright awful’

Don’t expect stocks to rebound if inflation anxiety continues, according to Morgan Stanley. With price fears egging on Treasury rates, equities could be in for a disappointing few months as investors move away from a “buy-the-dip” mentality. “When inflation is very low, rising inflation has a positive impact on equity …

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Bitcoin drops more than 14% to below $7,000

Christophe Morin | Bloomberg | Getty Images A cyclist passes the entrance to the La Maison du Bitcoin bank in Paris, France, on Thursday, Nov. 23, 2017. Bitcoin dropped Monday below $7,000 to its lowest in more than two months. The digital currency fell 14.6 percent to $6,988.85, its lowest …

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Credit card ban, regulator scrutiny latest challenges for bitcoin

Bitcoin’s rapid tumble from December records comes amid a slew of negative headlines pushing back against cryptocurrencies’ advancement into established financial markets. In the latest blow, J.P. Morgan Chase, Bank of America and Citigroup said Friday they decided not to allow customers to buy cryptocurrencies with the companies’ credit cards. …

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Qualcomm stock falls on speculation that Apple could turn to Intel

Ethan Miller | Getty Images Steve Mollenkopf, CEO of Qualcomm Qualcomm shares fell 2 percent on Monday after KGI Securities said Apple might drop the chipmaker in favor of Intel as the supplier for modem chips in its next generation of iPhones. Qualcomm has been a supplier of components to …

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