Stocks

Bloomberg A $6 trillion boom in US equities to open 2021 is leaving the pandemic’s winners in the dust as investors shift their focus to companies taking advantage of a reopening economy. Americans’ renewed interest in shopping and travel — not to mention meme stocks — helped send the S&P 500 Index to a 14% gain. Losing out were the …

Bloomberg Companies are racing to public markets like never before, cashing in on record-high stock prices. An all-time high of almost $350 billion has been raised in initial public offerings in the first six months of this year, according to data compiled by Bloomberg, surpassing the previous peak of $282 billion from the second half of 2020 and enriching entrepreneurs …

Bloomberg Stocks were mixed and US equity futures were steady on Wednesday as investors assessed prospects for an economic recovery, while concern eased that faster inflation would spur policy tightening. Treasuries fall. Contracts on all three US equity benchmarks were little changed, after two days of gains for the S&P 500 Index. European equities edged lower as a drop in …

Bloomberg MicroStrategy Inc sinks, leading a slump in cryptocurrency-exposed stocks, as Bitcoin tumbled below the $30,000 key level for the first time in five months. The enterprise software company fell as much as 12%, its steepest intraday decline since May 19, before closing down 4.5%. Shares of other crypto-linked firms also stemmed their losses as Bitcoin recovered after earlier wiping …

Bloomberg Two blockbuster billion-dollar public offerings (IPOs) of tech unicorns set for later this year in Indonesia are fuelling demand for affiliated stocks, sending their shares to multiyear highs. Retailer PT Matahari Putra Prima has surged 929% this year while TV operator PT Elang Mahkota Teknologi gained 65% in the same period. Matahari is 4.7% owned by ride-hailing giant PT …

Bloomberg Stocks and US futures were little changed on Tuesday as investors weighed prospects for economic growth against inflation worries ahead of testimony from Federal Reserve Chair Jerome Powell. Treasuries steadied after a retreat. European equities fluctuated as gains in energy shares offset a drop in technology shares, while US contracts were steady after the S&P 500 Index’s biggest jump …

Bloomberg US equity futures climbed with European stocks on Monday as markets regained a measure of calm following volatility spurred by the Federal Reserve’s surprise hawkishness. Contracts on the S&P 500 advanced after spending most of the Asia session in the red. The Stoxx 600 Index also rebounded from an earlier loss, with UK grocer Wm Morrison Supermarkets Plc surging …

Bloomberg Japanese stocks declined by the most in almost four months, extending losses from late last week as hawkish comments from the US Federal Reserve crushed the reflation trade that had driven the market earlier this year. The selloff briefly sent the Nikkei 225 Stock Average down as much as 4%, the most since April 2020, amid a global selloff …

Bloomberg With European stocks only just off record-highs, investors have to look harder than ever to find pockets of value. Companies that can absorb an inflation spike are in hot demand, while many think so-called value stocks are still cheap relative to growth, even after a huge rally. Others see upside potential in laggard sectors like energy and health care, …

Bloomberg The thought of central bank policy makers easing off their campaign to liquefy bond markets has hung like a sword over equity investors for years. At least at the earnings level, there may be less reason for anguish than is usually recognised. Research from UBS Group AG says that should the Federal Reserve turn off the spigot on its …