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The Nasdaq 100 just entered a fresh bull market - and a top analyst says tech names look like the new safety trade

Fri, 03/31/2023 - 06:10

Nothing's more fitting on a Friday than a dose of market optimism. Phil Rosen here.

Yes, it's true — the Nasdaq 100 officially closed 20% above its December low this week, which means we are technically now in a bull market.

No time to dawdle today — let's jump in.

Markets, Newsletter, 10 things, 10 things opening bell, Bull Market, NYSE, Stock Market Outlook

Meet Peter Tuchman, the most photographed stock trader on Wall Street

Sat, 03/25/2023 - 08:45

NYSE trader — Peter Tuchman has worked at the New York Stock Exchange for nearly 38 years.
Photo by Spencer Platt/Getty Images

Markets, MI Exclusive, Peter Tuchman, NYSE, Stock Market, Stock Trading, trading floor

Here's what it was like at the New York Stock Exchange the day Silicon Valley Bank collapsed, according to Wall Street's most famous trader

Sat, 03/18/2023 - 08:15

trader — Trader Peter Tuchman has been at the New York Stock Exchange for almost 38 years.
AP Photo/Richard Drew

Markets, MI Exclusive, Peter Tuchman, Stock Exchange, NYSE, New York Stock Exchange, SVB

Dow tumbles nearly 500 points as Credit Suisse stokes fears of bank failure contagion

Wed, 03/15/2023 - 09:36

traders NYSE — Scott Olson/Getty Images

Markets, MI Exclusive, Stock market news today, Dow, sp500, Silicon Valley Bank, Credit Suisse

Wall Street analysts are warning stocks are about to come crashing down

Wed, 02/22/2023 - 06:10

Howdy readers. I'm Phil Rosen, reporting from Manhattan.

Remember the whole "good news is actually bad news" relationship between the economy and markets?

Well, yesterday we learned private sector economic activity clocked in at multi-month highs, which means businesses are gaining momentum.

Markets, Newsletter, 10 things, 10 things opening bell, NYSE, Traders, Morgan Stanley

Here's why the US economy won't fall into a recession this year or next, according to a key market signal

Tue, 02/07/2023 - 06:47

Howdy readers. I'm Phil Rosen, reporting from New York.

On this day in 1940, Disney debuted "Pinocchio," and the nosy puppet became one of the most beloved characters in film history.

I bring this up because some people say that, unlike the marionette, markets don't lie.

In that case, it may be wise to heed a key bond market signal that's saying we'll avoid a recession after all.

Markets, Newsletter, 10 things, 10 things opening bell, NYSE, Stock Market, Bond Market

US stocks rise as GDP data and Tesla earnings come in better than expected

Thu, 01/26/2023 - 09:35

trader nyse — A trader works on the floor of the New York Stock Exchange January 6, 2014.
REUTERS/Brendan McDermid

Markets, MI Exclusive, Stock market news today, tesla, Fed, Ray Dalio, Recession

NYSE glitch traced back to employee who left backup system running, report says

Thu, 01/26/2023 - 05:28

new york stock exchange — The NYSE halted trading of several stocks when a systems glitch meant the exchange failed to set some companies' opening prices.
Michael Nagle/Getty Images

Markets, News, MI Exclusive, NYSE, New York Stock Exchange, Stocks, Shares

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