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StocksCNBC

For SPACs, one characteristic seems to determine the investing winners from losers

For SPAC investors wanting to pick winners in the cooling market, one characteristic of blank-check deals has led to steady outperformance. The biggest make-or-break factor of a SPAC's stock performance post-merger was the sponsor's related experience to the acquired company, or lack thereof, according to Wolfe Research. The firm found that SPACs led by someone with experience in the acquired company's industry generally recorded big returns.
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StocksCNBC

Stock futures mildly lower ahead of the kickoff of earnings season

Stock futures were slightly lower in early morning trading on Monday as earnings season kicks off on Wall Street this week. Futures on the Dow Jones Industrial Average fell 59 points. S&P 500 futures and Nasdaq 100 futures both traded below the flatline. The three major indexes closed at record...
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StocksCNBC

5 things to know before the stock market opens Monday

Here are the most important news, trends and analysis that investors need to start their trading day:. 1. Dow set to retreat from Friday's record high close. Dow futures dropped more than 100 points Monday, indicating a retreat at Wall Street's open for the 30-stock average from Friday's record high close. The Dow finished last week jumping 448 points, or 1.3%. The S&P 500 and Nasdaq also gained about 1% each, with both logging record closes as well. Friday's rally, which reversed a broad sell-off in the prior session, was enough to nudge all three benchmarks to into positive territory for last week.
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POTUSCNBC

Supply chain snafus could affect what's available to you on Amazon Prime Day

Sellers are grappling with widespread supply chain disruptions just as they gear up for Prime Day, which kicks off on Monday. Businesses are being hit hard by global shortages of shipping containers and semiconductors. Some sellers are worried they may run out of stock during the big summer sale. Amazon...
BusinessCNBC

India's e-commerce giant Flipkart raises $3.6 billion in fresh funds

India's e-commerce giant Flipkart said Monday it raised $3.6 billion in fresh funds from a number of global investors. The new round of funding was led by Singapore's GIC, the Canada Pension Plan Investment Board, SoftBank Vision Fund 2 and Walmart. Flipkart now has a post-money valuation of $37.6 billion.
StocksCNBC

What to watch today: Dow to recover some of the losses in Thursday's sell-off

Dow futures bounced Friday, one day after a broad sell-off on Wall Street. The Dow lost 259 points, or 0.75%, on Thursday, finishing roughly 1% away from last Friday's record close. The 30-stock average had been down as much as 536 points during Thursday's session. The S&P 500 and Nasdaq also ended off their lows of the day, retreating from Wednesday's record closes. (CNBC)
StocksCNBC

Dow jumps 440 points to record, rebounding from one-day slide

All three major averages notched record closes on Friday, rebounding from the previous session's losses over concerns of a slowdown in global economic growth. The Dow Jones Industrial Average rose 448.23 points, or 1.3%, to a record close of 34,870.16. The S&P 500 bounced by about 1.1%, closing at an all-time high of 4,369.55. The technology-heavy Nasdaq Composite rose just shy of 1% to close at a record of 14,701.92.
BusinessCNBC

Imax CEO says partner AMC’s stock surge has helped his business as well

AMC Entertainment's surging stock price has been good for Imax's business, Imax CEO Richard Gelfond said Monday. "AMC is our partner, not our competitor," Gelfond said. "They're rolling out a lot of screens going forward, and their liquidity is good for us." Gelfond's comments came after a record pandemic-era theatrical...
EconomyCNBC

GM 'looks much more appealing than Ford' here, trader says of 2021 underdog

Traders are picking favorites in the auto space as the electric vehicle race accelerates. Between legacy automakers Ford and General Motors, GM appears to have a stronger setup on the charts, Newton Advisors President and founder Mark Newton told CNBC's "Trading Nation" on Friday. Wedbush initiated coverage of GM with...
MarketsCNBC

Stocks making the biggest moves in the premarket: Virgin Galactic, Cheesecake Factory, JPMorgan and more

Take a look at some of the biggest movers in the premarket. Virgin Galactic — Shares of the space company jumped 9% in premarket trading after CEO Richard Branson completed a long-awaited test flight to space on Sunday. It was the first spaceflight to date for Virgin Galactic carrying more than one passenger. Branson also became the first of the billionaire space company founders to ride his own spacecraft, beating Elon Musk and Jeff Bezos.
StocksCNBC

What to watch today: Dow set to retreat from Friday's record high close

Dow futures dropped Monday, indicating a retreat at Wall Street's open for the 30-stock average from Friday's record high close. The Dow finished last week jumping 448 points, or 1.3%. The S&P 500 and Nasdaq also gained about 1% each, with both logging record closes as well. Friday's rally, which reversed a broad sell-off in the prior session, was enough to nudge all three benchmarks to into positive territory for last week. (CNBC)
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