CNBC’s Jim Cramer said Wednesday that investors can find buying opportunities in the market after Wall Street recorded multiple days of losses. The Dow Jones Industrial Average plunged more than 516 points, or 2.17%, to 23,247.97 for its third-straight negative trading session. The S&P 500 and Nasdaq Composite traded 1.7% and 1.55% lower, respectively, for
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The municipal market closed the week with lower yields again on triple-A benchmarks while the search for high-grade bonds spurred a more active secondary than a typical Friday. Short-term yields continued to drop to record low levels and long-term bonds also rallied. Triple-A benchmark yields were about four basis points lower. In the secondary market,
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U.S. Speaker of the House Nancy Pelosi rolled out its HEROES Act on Tuesday without the promised innovative municipal bonds. By the afternoon, Larry Kudlow, the Director of the White House National Economic Council, was on Fox News telling Sean Hannity that President Donald Trump was going to take the legislation under consideration, however the
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Consumer spending plunged by a record 16.4% in April, but one category saw a bounce: nonstore retailers. Included in this category, which saw an 8.4% month-over-month increase, is online shopping. With much of the country under shelter-in-place orders during April, consumers increasingly turned towards e-commerce giants like Amazon for their shopping needs. As the pandemic
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Many businesses are likely now considering whether some of their operations need to return to the … [+] workspace at all. Getty How might buyer and seller priorities change post-COVID? It’s an interesting question with potentially widespread implications for the housing market as many homeowners and prospective buyers start to revaluate both what they want,
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A sign advertising home loan rates for purchase or refinancing at a Bank of America in New York. Scott Mlyn | CNBC The average rate on the popular 30-year fixed mortgage just fell to 3.09%, a record low, according to Mortgage News Daily. A weaker-than-expected read on April’s coronavirus-affected retail sales released Friday contributed to
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The biggest problem with exchange traded funds (ETFs) has to do with concept of indexing itself. Indices cover different asset classes (equity, bonds, currencies, commodities), geographical markets or investing styles and strategies. An index, effectively a basket of securities, is provides a proxy for price movements, returns and relative performance of an individual portfolio. Except
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Colorado needs to cut $3.3 billion from the budget for fiscal year 2021 after the largest revenue drop in the state’s history, officials said. “This pandemic is affecting the global economy, and Colorado is not immune to this economic crisis,” said Gov. Jared Polis. “This is a challenging budgetary environment, and everyone is working hard
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Offices of Cutera Inc. in Brisbane, Calif. Google Earth The largest public companies that tapped the government’s emergency relief fund for small businesses nearly all had ready access to other forms of capital, according to a CNBC analysis of filings. Even amid the upheaval caused by the coronavirus pandemic, these companies raised millions of dollars
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Take a look at some of the biggest movers in the premarket: CyberArk Software (CYBR) – The cybersecurity company reported quarterly profit of 50 cents per share, beating the consensus estimate of 36 cents a share. Revenue also beat forecasts. CyberArk said that due to the pandemic, it expected customers to make “more cautious” purchasing
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