USA TODAY Published 9:45 AM EDT Oct 11, 2018 Investors are bracing for more swings in stock prices Thursday after the U.S. market's biggest rout since February was followed by sizable losses in Asia and Europe amid fears of slowing growth due to higher interest rates and trade tensions. In volatile early trading on Wall Street, the Dow Jones industrial was down as much as 151 points but off its lows, after plunging more than 800 points Wednesday. The big stock selloff in the U.S. spread overseas overnight, with Japan's main stock index falling nearly four percent and shares in Shanghai shedding more than 5 percent. Shares were also down about 1 percent in Europe. After Wednesday's rout, Wall Street pros are debating whether the current slide is signaling more severe problems for a bull market that is more than nine years old. Citing a still low chance of recession in the U.S., the current swoon is more likely just a "correction" -- or short-term pause -- in an ongoing … [Read more...] about Stock prices continue to fall after worst day since February
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Susan Tompor Detroit Free Press Published 1:10 p.m. UTC Jun 15, 2018 No doubt, Ford's purchase of the old Michigan Central Station will transform Detroit's iconic landmark, along with a good stretch of Michigan Avenue. Could all the excitement, though, work its way from Michigan Avenue to Wall Street? Will the out-of-the-boxy Glass House thinking put some spark in Ford's languishing stock price? One might hope that Ford's creative commitment to Detroit could give investors more confidence in Ford's ability to transform its business, capture top talent and play a major role in the mobility market. After all, a cool campus in Detroit could rival work environments for places like Google and Apple. For Detroiters, we're looking at an amazing next chapter in the city's revival, just five years after the city of Detroit filed for bankruptcy. "It legitimizes Detroit's comeback," said Mike Ramsey, a Gartner analyst who tracks autonomous technology. The abandoned … [Read more...] about Will Ford’s Detroit train station purchase spark its stock price?
With the Nasdaq composite, S&P 500 index and Dow Jones industrial average seemingly rangebound, Apple stock leads five top tech companies that are trading at or near buy points. FANG stocks Facebook (FB), Amazon (AMZN), Netflix (NFLX) and Google parent Alphabet (GOOGL) join the list along with Apple (AAPL). X FANG Stocks Plus Apple Stand Out In Nasdaq Grouping the original FANG stocks and Apple together creates what some on Wall Street call the FANG+ stocks or FAANG names, which are five of the largest tech stocks in the Nasdaq. Netflix has been on a tear in 2018, and leads the group with a highest-possible IBD Composite Rating of 99. Amazon follows close behind with a 98, while Facebook earns a 96 despite its big sell-off earlier this year. Apple and Alphabet round out the group with an 88 and 83, respectively. Top stocks tend to have high Composite Ratings as they launch big runs. Netflix, Apple and Amazon are all members of IBD's Leaderboard. IBD Newsletters Get exclusive IBD … [Read more...] about Apple Stock, FANGs Facebook, Amazon, Netflix, Google Are In Or Near Buy Zones
U.S. stocks rose Friday as shares of Apple hit an all-time high to lead a rally for technology companies. Retailers and most other groups of stocks also were higher. A slightly disappointing April jobs report didn't have much effect on the market. Trade talks between the U.S. and China ended without a deal, but that wasn't a big surprise to Wall Street. Apple spike after billionaire investor Warren Buffett said his Berkshire Hathaway company had bought more of its stock in the past few months. Apple rose 3.3 percent to $182.75 after Buffett told CNBC his company bought another 75 million shares in the tech giant, giving it more than 240 million shares altogether. Buffett told CNBC about the purchase ahead of Berkshire Hathaway's annual meeting this weekend. Apple has climbed 12.5 percent this week after the company reported solid results at the start of the year and investors were pleased with its forecast of solid iPhone sales, which came as a relief to investors. It also raised … [Read more...] about Apple stock price hits new high after Warren Buffett reveals bigger stake
Warren Buffett's company bought 75 million more Apple shares in the first quarter, giving it more than 240 million shares of the iPhone maker.Buffett told CNBC about the latest Apple stock purchases Friday as tens of thousands of shareholders begin to arrive at Berkshire Hathaway's annual meeting this weekend.Berkshire has continued buying Apple shares even with the price rising 25 percent over the past 12 months. Shares hit an all-time high Friday.At the end of 2017, Buffett's company held 165.3 million Apple shares.Buffett has said he looks at Apple like a consumer products company with a strong competitive position, rather than as a tech company.Besides investments, Berkshire owns more than 90 subsidiaries in a variety of industries, including insurance, utilities, railroads, and manufacturing. … [Read more...] about Apple stock hits all-time high after Buffett says he bought 75 million shares