Tech Stocks Are Doing So Well Investors Are Starting to Worry

Technology stocks are rising so far, so fast that some investors are starting to position for the move to lose momentum. After advancing for five consecutive months, the Nasdaq 100 Index has risen each day but one in September as investors bet on optimism around...

Apple Analyst Sentiment Hits Five-Year Low After Two Downgrades

Apple Inc. was hit with a pair of downgrades on Thursday, in the latest sign of caution toward the iPhone maker, which has sharply underperformed its large-cap tech peers this year. With the downgrades, Apple’s recommendation consensus — a proxy for the ratio of buy,...

Dimon Says US Economy Is Weakening After Record BLS Revision

Jamie Dimon said the Bureau of Labor Statistics’ record revision to US payrolls data is further proof that the US economy is battling a slowdown. “The economy is weakening,” the JPMorgan Chase & Co. chief executive officer said in an interview with CNBC Tuesday....

US Payrolls Marked Down a Record 911,000 in Preliminary Estimate

US job growth was far less robust in the year through March than previously reported, adding to mounting pressure on the Federal Reserve to lower interest rates. The number of workers on payrolls will likely be revised down by a record 911,000, or 0.6%, according to...

Robinhood, AppLovin, Emcor to Join S&P 500 in Rebalancing

Robinhood Markets Inc. has been added to the S&P 500, marking a new phase for the retail trading platform that helped define the pandemic-era boom in individual investing. The company will join the benchmark in the latest quarterly rebalance, S&P Dow Jones...

OPEC+ Output Signals Spur Options Bets Oil Will Lurch Below $60

A flurry of bets on Brent crude falling below $60 a barrel this year changed hands in recent days, a sign investors are hedging against the risk of another large production hike from OPEC and its allies. Thursday’s trading saw a spike in activity in December $55 and...