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Opinion: The S&P 500 is on the cusp of breaking through a level that might spell the end of the bear market

The stock market has sputtered at times over the past three weeks, but Federal Reserve Chairman Jerome Powell’s statements Wednesday prompted the S&P 500 SPX, -0.09% to jump above a technical resistance level at 4030 points. The benchmark index is now challenging the declining 200-day moving average (MA) and the trend line that defines the …

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This trader sees a 43% drop for the S&P 500 and says to take shelter in these ETFs instead.

A day after the Dow DJIA climbed out of bear territory on hopeful comments by Fed Chairman Jerome Powell, stock futures indicate a rethink of that optimism, as inflation data looms. The Fed chief’s suggestion of a 50 basis point hike vs. 75 bp in December wasn’t new, but investors got excited anyway, says the …

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Snowflake stock drops after sales forecast that CFO admits is ‘conservative’

Shares of Snowflake Inc. fell more than 5% in after-hours trading Wednesday, when the data-software company’s executives announced quarterly revenue that topped expectations but came up shy with their fourth-quarter sales outlook. Revenue increased to $557 million from $334 million in the third quarter, whereas analysts were modeling $540 million. Snowflake SNOW, +4.64% reported $523 …

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Tesla to Dominate US EV Sales Through 2030, But GM Is Catching Up, Report Says

text size GM plans to ramp up EV production and sales in coming years. Mandel Ngan/AFP/Getty Images Tesla has the lion’s share of the market for battery electric cars in the US it is going to be the electric-vehicle leader through the end of the decade. Tesla has left itself vulnerable in one way though, …

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Mark Zuckerberg joins the Apple bashing: It is ‘problematic for one company to control what kind of app experiences get onto a device’

Mark Zuckerberg has joined the Apple-bashing party. Just hours after Spotify Technology Inc. SPOT, +5.75% Chief Executive Daniel Ek went off on Twitter, charging that Apple “gives itself every advantage while at the same time stifling innovation and hurting consumers,” it was Zuck’s turn. “Apple has sort of singled themselves out as the only company …

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Here’s what history says about stock market performance in December

US stocks are wrapping up a good November that saw equities to bounce off their 2022 lows set in October, with optimism building that the momentum will cement a year-end rally. Indeed, there’s been a lot of talk about seasonal tailwinds and how they might — or might not — work to the advantage of …

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XPeng stock rockets toward record rally as bulls brush off bad results, outlook

The US-listed shares of China-based electric vehicle maker XPeng Inc. skyrocketed Wednesday, as investors cheered changes in China’s COVID policy while shrugging off weak third-quarter results and a downbeat outlook. The stock XPEV, +45.57% charged up 45.0% in midday trading, enough to pace all gainers on the New York Stock Exchange. It was also headed …

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Banks are short more than $1 trillion in capital, this analyst says, who fears the shortfall will only get worse

The new year is nearly upon us, and one idea for where to invest is the banking sector, whose margins benefit from the high interest rates, at not terribly demanding valuations. That claim may surprise those who think the US banking industry has some $2.2 trillion in capital. But he whittles that figure in several …

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Tech layoffs approach Great Recession levels: ‘It was not sustainable or real’

The number of tech layoffs this year is nearing annual levels seen during the Great Recession, but is far from dot-com-bust territory. As technology companies deal with declining stock prices, inflation, rising interest rates and a possible recession, they have announced more than 60,000 job cuts this year, with indications — such as from Amazon.com …

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