September is usually considered a bad month for the stock market. Major indexes such as the Dow Jones Industrial Average and the S&P 500 have historically receded during the month since 1950, though 2021 has turned out to be particularly harsh because of a rise in coronavirus cases and trouble in China, where real estate giant China Evergrande Group is on the brink of default.
Super Micro Computer's lack of a preliminary earnings report led to a bloodbath in the sector.
Costco made buying a gold bar as simple as tossing it in a shopping cart. Adam Xi, 33 years old, called five different dealers to get a price he could accept for the gold bar he bought at Costco in October. Costco shoppers are spending as much as $200 million monthly on gold, according to a Wells Fargo estimate.
Two more property insurance companies are pulling out of California, leaving more homeowners in the state facing loss of coverage and surging premiums as insurers flee.
The S&P 500 could bottom out in the next month, according to Fundstrat's head of research Tom Lee.
Super Micro stock fell hard after the data-center computer specialist didn't announce preliminary results for its fiscal Q3.
The high-flying sector caught a bit of gloom at the end of the week due to several discouraging developments.
The losses in the stock market accelerated after Super Micro Computer announced earnings without preannouncing results.
One of the fastest-growing utility stocks, along with "Wall Street's Greatest Dividend Stock," make for phenomenal buys right now.
A variety of negative factors, including concern that the company is falling behind in AI, have hurt the stock.
"We do not expect bitcoin price increases post halving as it has been already priced in," JPMorgan says, adding that they see a downturn ahead.