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June 2: Stock Market Today Sees New Record Highs
The stock market today ended with the Dow Jones Industrial Average and Standard & Poor's 500 Index closing at record high levels.
Here's the scorecard from today's trading session:
DOW: 16,743.63, +0.2%And here are the top stories from the stock market today:
S&P 500: 1,924.97, +0.1%
NASDAQ: 4,237.20, -0.1%.
Facebook Inc. (Nasdaq: FB) Stock Shakes Off Privacy Issues
Facebook (Nasdaq: FB) stock has climbed 161% in just one year – a great reversal from its 53% tumble in the first three months of trading.
Facebook stock's rebound is one reason investors were praising Facebook Founder and Chief Executive Officer Mark Zuckerberg at the recent shareholder meeting, in addition to FB's recent buying spree.But now Facebook is facing something that Zuckerberg may not be able to deal with so easily...
Time for a Post-Petrodollar Profit Play
Beware of unintended consequences.
That's the advice I'd give Western leaders when imposing sanctions on Russia over the Ukraine crisis.
You see, Putin's been racking up his air miles, hastening the pace to replace the petrodollar.
It's a topic I recently discussed here, along with an investment idea for a "counterattack."
At the end of Putin's two-day trip to China last week, the two nations signed a landmark natural gas supply deal, driving another large nail in the dollar's coffin.Full Story
Today's Hot Stocks: FEYE, HPQ, PTCT, and 9 More Movers
Featured on today's hot stocks list are a rising cybersecurity company, a surging small-cap biopharma firm, and a climbing Chinese penny stock.Take a look at 12 of Friday's hot stocks on the move, and find out what's behind their action.
Put Money in Your Pocket… And Send Wall Street on the Run
It was Sir Francis Bacon who gave us the truism that "knowledge is power."
And the 17th century English philosopher and statesman did so centuries before Wall Street was even conceived.
But the brokers, fund managers, and other pros who dreamed up the investment markets knew a good thing when they saw it. They embraced Bacon's maxim, launched the first U.S. stock exchange in 1790, and spent the next two centuries transforming this country's individual investors into scared vassals of the Wall Street elite.
And the big banks, brokerages, and other investment pros did this by never forgetting the simple precept that "knowledge is power."
I see this play out on an almost-daily basis thanks to the endless streams of impenetrable reports that come from the bankers in New York or our elected leaders in Washington.
Most Main Street investors lack the knowledge to "decode" these reports, so they also lack the power to respond in a constructive manner.Instead most of us just react - panic, really. Here's a better idea that will lead to profits...
Hot Stocks to Watch Today: DDS, JCP, RAX, and 9 More Movers
Hot stocks today are moving on M&A news, analyst upgrades, and Q1 2014 earnings reports.
Our list of hot stocks to watch includes a retailer hitting an all-time high, a healthcare giant inking a $2.9 billion deal for a Latin American drug company, and a couple of companies climbing on Warren Buffett buys.Check out these 12 hot stocks on the move Friday, and find out what's behind their action.
Meet Jack Ma, the Man Behind the Alibaba IPO
The Alibaba IPO in 2014 will be one of the largest Internet IPOs of all time, and could even eclipse the $16 billion public offering of Facebook Inc. (Nasdaq: FB) from 2012.
While Jack Ma may not be a household name in the U.S. yet, it will be soon. Especially as the Alibaba IPO date approaches.Now meet the man whose innovative leadership has made Alibaba the largest e-commerce company in the world...
Plug Power (Nasdaq: PLUG) Stock Gets Hit with a Dose of Reality
Disappointing earnings sent Plug Power (Nasdaq: PLUG) stock down as much as 9.5% Wednesday as investors get a more realistic picture of the company's prospects.
Plug Power is a classic case of a momentum stock that rocketed to startling heights only to crash and burn. The problem is, the company's fundamentals never supported such a huge spike in the PLUG stock price.But despite the stock's gyrations, Plug Power is not necessarily a train wreck...
Dow Jones Today Dips on Inflation Fears, Plus 9 Other Top Stories
The Dow Jones today fell more than 100 points, and the S&P 500 and Nasdaq fell as well.Here's what moved the Dow lower.