Tag: NASDAQ
Following multiple scandals including Luckin Coffee, Nasdaq ready to tighten rules on IPO listings
Chinese stocks have seen the highest highs and the lowest lows in recent weeks. While the country suffered the first economic shocks of the novel coronavirus that originated in Wuhan, China’s aggressive containment strategy has allowed the country to reopen in recent weeks, sending stocks at least temporarily to multi-year…
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The odd reality of today’s stock market
As the COVID-19 death toll in the United States continues to climb, American stocks are, in a grim divergence, recovering lost ground. It isn’t clear precisely why locally-listed equities have risen in recent weeks, let alone today, but let’s go over the day’s results so that we’re all on the…
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Stocks broadly fall as Nasdaq dips modestly, SaaS gains on the day
The technology industry’s central role in an American economy shaped by attempts to mitigate the spread of COVID-19 is being reflected in how investors are approaching markets in these turbulent times. As the broader economy stumbles, technology companies and the major exchange they call home seem to be somewhat more…
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COVID-19 market turmoil tests NYSE’s shutdown circuit-breakers
For the second time this week trading on the New York Stock Exchange halted for 15 minutes this morning when a market drop triggered the exchange’s internal circuit breaker, shortly after 9:30am. The control, part of the NYSE’s automatic provisions to pause trading, has been put to the test since…
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Tech stocks follow the market lower as Uber and Lyft drop sharply
Stocks listed on American exchanges today fell sharply, erasing their Tuesday rebound and adding to their Monday declines. On a day that saw the World Health Organization declare that the spread of COVID-19 has officially become a pandemic, with 4,000 deaths reported from the illness so far, stock markets seemed…
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Turbulent trading leads to market gains as stocks recover, SaaS lags
Sometimes, it takes only the promise of a massive government bailout to put that rose-colored filter on the effluent sandwich of today’s economic realities. After yesterday’s terrifying sell-off, American equities recovered today, with the major domestic indices rising to close the day. While the day’s gains do not erase yesterday’s…
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