WEATHER ALERT
Asian stocks higher after Wall St. rises to new record
Read full article: Asian stocks higher after Wall St. rises to new recordAsian stocks were mostly higher Tuesday after Wall St. rose to a new record. (AP Photo/Lee Jin-man)TOKYO – Asian stocks were mostly higher Tuesday after Wall St. rose to a new record. Shanghai, Tokyo and Seoul rose while Hong Kong declined. Overnight, Wall Street’s benchmark S&P 500 index closed 0.7% higher. The Shanghai Composite Index gained 0.7% to 3,558.63 and the Nikkei 225 in Tokyo rose 0.4% to 29,497.51.
What’s behind the GameStop stock roller coaster
Read full article: What’s behind the GameStop stock roller coasterA woman wears a face mask as she walks past a GameStop store in Des Plaines, Ill., Thursday, Oct. 15, 2020. At least, thats the view within an army of smaller-pocketed, optimistic investors who are throwing dollars and buy orders at the stock of video-game retailer GameStop. There was a steep drop in the stock price on Thursday, but it rose 70% again Friday after Robinhood said it will allow customers to start buying some of the stock again. We can sell a stock at today’s price knowing that, perhaps, the whole industry is changing. Both the Senate Banking Committee and the House Financial Services Committee plan to hold hearings on the GameStop controversy.
Asian stocks mixed after Wall St rally ahead of US debate
Read full article: Asian stocks mixed after Wall St rally ahead of US debateAsian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, former Vice President Joe Biden. (AP Photo/Ahn Young-joon)TOKYO – Asian stocks were mixed Tuesday after Wall Street recovered some of this month's losses as investors looked ahead to a debate between President Donald Trump and his challenger in the November election, former Vice President Joe Biden. Overnight, Wall Street's benchmark S&P 500 index gained 1.6%, led by big tech stocks. “With a reasonable polling lead, one could argue that Joe Biden has more to lose here than President Trump,” said Carnell. He said with some potential for gaffes or other colorful moments, the debate might be “cringe-worthy but unlikely to deliver an electoral car-crash for either side.”On Wall Street, the S&P 500 rose to 3,351.60.