US stocks rise day after worst sell-off since October

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Stocks making the biggest moves in the premarket: BioTelemetry, Winnebago, Scholastic & more

Take a look at some of the biggest movers in the premarket:Darden Restaurants (DRI) – The restaurant operator reported quarterly earnings of 74 cents per share, beating estimates by 3 cents a share. Revenue came in below forecasts, however, as same-restaurant sales fell 20.6% compared to a FactSet estimate of an 18.3% decline. Darden also…Continue Reading

Asian stocks mixed after Wall St record on stimulus hope

BEIJING (AP) — Global stock markets and U.S. futures mostly edged higher Friday on optimism over economic stimulus and coronavirus vaccine development despite a spike in U.S. unemployment claims.Though some markets in Asia closed slightly lower, European indexes were up and Wall Street appeared set to post small gains on the open.That would set the…Continue Reading

Suning’s Stocks Tumble to Six-year Low after Founder Pledges All of the Group’s Shares to Alibaba’s Taobao

The pledged equity is equivalent to a total of 100,000 shares worth 1 billion yuan ($153 million), the same amount as the registered capital of Suning Holdings Group. (Source: kuaibao) All shares of Suning Holdings Group held by chairman Zhang Jindong, his son Zhang Kangyang and Nanjing Runxian have been pledged to Taobao, Alibaba’s e-commerce…Continue Reading

Asian stocks follow Wall Street lower amid virus worries

BEIJING (AP) — Global stocks and U.S. futures declined Tuesday as surging coronavirus infections in the United States and some other countries tempered investor optimism over development of possible vaccines.Markets in London, Shanghai, Tokyo and Hong Kong declined. Frankfurt and Paris were little changed.Investor worries have risen as some U.S. states and European countries reimpose…Continue Reading

Buy these 10 stocks set to soar and smash Wall Street’s expectations in the recovery from COVID-19, RBC says

Premium FILE PHOTO: A woman holds a small bottle labeled with a “Vaccine COVID-19” sticker and a medical syringe in this illustration Reuters This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. In July, Royal Bank of Canada listed their top recovery stock picks following the announcement of…Continue Reading

European stocks pause and U.S. futures rise despite lockdown extensions and AstraZeneca vaccine concerns

Europe Markets Last Updated: Nov. 27, 2020 at 5:35 a.m. ET First Published: Nov. 27, 2020 at 5:14 a.m. ET New COVID-19 restrictions in the U.K. will see most region return to tougher measures than before the national lockdown Lindsey Parnaby/Agence France-Presse/Getty Images European stocks were mixed early on Friday as investors digested the extension…Continue Reading

Sell stocks into strength on any COVID-19 vaccine news as 2021 turns into a bear market, BofA says

Lucas Jackson/Reuters Peak positioning, peak policy, and peak profits are three reasons why investors should sell their stocks into strength on any COVID-19 news in the coming months, Bank of America said on Friday.The bank likened today’s scenario to 2018, when US tax cuts caused a temporary peak in investor positioning, fiscal policy, and corporate…Continue Reading