This was a 15-year high, seen previously only in 2007. This sent the equity markets into a tailspin. The markets remained under strong corrective pressure for three sessions in the truncated week, with the last trading day seeing a technical rebound.
Worst October for stocks in 5 years has investors exiting market
Wall Street’s “fear gauge,” the Cboe Volatility Index, held above 20 for a second consecutive week after staying below the threshold more than 100 days. Bond volatility gave investors more reason to worry as gyrations of more than 10 basis points on Wednesday and Thursday put further pressure on an earnings season where companies that miss estimates are getting whacked
These 33 smallcaps offer double-digit weekly negative returns in volatile market
Only eight stocks in the smallcap space delivered double-digit returns. Black Box was the top gainer in the week with 20.64% returns.
CEO Dimon to sell JP Morgan shares worth $141 million
Dimon and his family plan to kick off the disposal of 1 million of the lender’s shares next year for financial diversification and tax-planning, according to a regulatory filing.
Taking Stock: Sensex snaps 6-day losing streak, jumps 635 points
Despite some recovery, the volatile situation in the Middle East is keeping investors on their toes. Moreover, concerns over the bond yields are yet to abate, though some of those have been priced inTaking Stock: Sensex snaps 6-day losing streak, jumps 635 points
Despite some recovery, the volatile situation in the Middle East is keeping investors on their toes. Moreover, concerns over the bond yields are yet to abate, though some of those have been priced inNifty reclaims 19,000 as bears ease control; what#39;s pulling the market higher?
Nifty index would have the crucial support maintained near 18,600 levels, while the resistance is seen at 19,100.Buy or Sell: Stock ideas by experts for October 27, 2023
Buffett’s Berkshire is sued by Haslam family over Pilot truck stop takeover
Estimates about how much of a “windfall” the Haslams said Berkshire would receive at their expense because of its accounting were redacted.
Berkshire Hathaway resumes purchases of Occidental Petroleum
That gave Berkshire about 228.1 million Occidental shares, a 25.8% stake worth approximately $14.4 billion.