US stocks coast toward finish of a record-setting week
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Week That Meme Stocks Returned
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European Stocks Climb
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Beaten-down stocks such as Kohl’s, Krispy Kreme and Opendoor Technologies have taken off recently, as individual investors pile into heavily shorted equities. The stocks’ cult followings and their outsized gains mirror the performance of GameStop and AMC Entertainment during the original pandemic-era meme-stock frenzy.
Intel stock falls after the chip maker reports a wider loss in the second quarter, while Centene rises even as it posts a surprise quarterly loss.
HYBE stock was down this week following fraud allegations against Chairman Bang and the convictions of three employees for insider trading.
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A 15% U.S.-Japan trade deal and reports of a similar U.S.-EU deal have fueled a market resurgence. Seize the moment with 3 opportunistic stocks under $10.
While some Wall Street companies are clearly rallying thanks to President Donald Trump’s policies, the same can’t be said for Main Street, according to a chart from BofA Global Research strategists, led by Michael Hartnett.
The sudden return of meme-stock trading may look like risk appetite returning, but it also reflects a kind of market optimism that often appears at unhealthy inflection points. When price action becomes unanchored from fundamentals, volatility usually follows.
Canada's main stock index edged higher on Friday, led by technology shares, even as U.S. President Donald Trump suggested the United States may not reach a negotiated trade deal with Canada.
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