Short Hills Capital's Steve Weiss has been sitting in cash for most of the year, as he's held a bearish view on the market and has been largely correct.
Shares of ChemoCentryx, Inc. (NASDAQ: CCXI) are skyrocketing Thursday following a groundbreaking announcement for the biopharmaceutical company.
Why Is It Moving?
US stock markets saw further easing in the overall fear level on Thursday, according to the CNN Money Fear and Greed index.
Wall street rose sharply on Wednesday as strong economic data boosted overall market sentiment.
All three major stock indices recorded sharp gains, with the tech-laden Nasdaq closing the session at a three-month high level on Wednesday.
U.S. stocks rose sharply on Wednesday, with Treasury yields climbing to two-week highs on Wednesday following better-than-expected economic data and strong projections from some major companies.
All the three major indices settled higher, with Nasdaq settling at a three-month high level on Wednesday.
Bitcoin (CRYPTO: BTC) was trading about 2% higher at one point on Wednesday in continued consolidation after two bullish days on July 27 and July 28 saw the crypto soar up over 13% higher.
Shares of Airbnb, Inc. (NASDAQ: ABNB) have trended lower since the company reported its earnings. But the stock has found support around $108. This means it may rally.
There is a reason why the $108 level is support. It’s because it has previously been a resistance level.
GameStop Corp. (NYSE: GME) was trading slightly higher in the premarket on Wednesday after regaining the 200-day simple moving average (SMA) on Tuesday.