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Stock futures are lower after big market reversal to start May

U.S. stock futures moved lower Monday night after the major averages staged a big reversal to start the month.Dow Jones Industrial Average futures fell 57 points, or 0.2%. S&P 500 and Nasdaq 100 futures dipped 0.2% and 0.3%, respectively.Earlier in the day, the...

U.S. GDP fell at a 1.4% pace to start the year as pandemic recovery takes a hit

Gross domestic product unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.The negative growth rate missed even the subdued Dow Jones estimate...

Is It Time to Start Buying Growth Stocks?

A reader asks: As the NASDAQ has had a rough start to 2022, and high multiple names have been crushed, and the street view seems to be that Cathie Wood stocks are essentially going to keep crashing with rates/inflation being what they are. I...

Melvin Capital weighs unwinding current fund to start new one: Sources

Gabe Plotkin, chief investment officer and portfolio manager of Melvin Capital Management LP, speaks during the Sohn Investment Conference in New York, May 6, 2019.Alex Flynn | Bloomberg | Getty ImagesMelvin Capital, the embattled hedge fund run by its once high-flying founder Gabe...