Schaeffer's Market Recap Investors continue to fret over Fed Chair Jerome Powell's comments
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| | 5/02/2019 | |
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Fed Comments, Oil Prices Drag Down Markets | By Lillian Currens | | The Dow fell for the second day in a row, dropping over 120 points, as investors continue to stew over Fed Chair Jerome Powell's comments on Wednesday. Elsewhere, House Speaker Nancy Pelosi accused Attorney General William Barr of misleading Congress over special counsel Robert Mueller's report, calling his action a "crime." Against this backdrop -- and in the wake of sinking oil prices -- the S&P 500 and Nasdaq also ended in the red. Continue reading for more on today's market, including: - This battered pharma stock could double could double, according to one analyst.
- The cosmetics stock pulling back from its record highs.
- Bausch Health stock is flashing a "buy" signal before earnings.
- Plus, options traders are flocking to Nutanix stock; how Schaeffer's subscribers made big bucks on VEEV; and a post-earnings slip from Square.
| >> Continue reading... | |
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