Finance

Retail brokerage Fidelity said Friday it has temporarily blocked customers from buying some volatility-related products that caught hedge funds and individual investors on the wrong foot this week. Fidelity halted buy orders for three exchange-traded products linked to a popular trade on market volatility “to protect customers from outsized risk during the current market environment,”
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The Dow suffered its worst daily point drop on record Monday, and briefly fell nearly 1,600 points intraday. The index recovered about half of Monday’s losses in a volatile Tuesday session, but has closed lower in each of the two days since. On Friday, the Dow jumped 349 points in morning trading, fell 500 points
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The “Fast Money” traders shared their first moves for the market open. Tim Seymour is a buyer of the iShares MSCI Emerging Markets ETF. Karen Finerman is a buyer of Apple. Dan Nathan is a buyer of Square. Guy Adami is a buyer of Allstate. Trader disclosure: On February 8, 2018, the following stocks and
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The recent period of mild volatility is what’s making the current market sell-off appear so shocking, according to two experts. On Thursday, U.S. stocks fell sharply as strong earnings and economic data were not enough to quell jitters on Wall Street. The Dow Jones industrial average fell more than 1,000 points and entered correction territory
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The e-mail arrived in clients’ inboxes shortly after the market opened on Tuesday: “LJM strategies have suffered significant losses.” LJM Partners, a Chicago-based hedge fund with about half a billion dollars in assets, pinpointed the damage on spiking volatility, a trade that has claimed more than one scalp in the last few trading days. Their
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Tomohiro Ohsumi | Getty Images The exchange rate of the NEM virtual currency against Japanese yen is seen on Coincheck’s cryptocurrency wallet app on January 29, 2018 Japan’s financial regulator will conduct on-site inspections on several cryptocurrency exchange operators this week and may further expand its probe to others, a source with direct knowledge of
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Getty Images Snapchat co-founders Bobby Murphy (l) and Evan Spiegel (c) ring the opening bell on March 2, 2017, as NYSE President Thomas Farley looks on. Check out the companies making headlines after the bell Tuesday: Shares of Snap soared nearly 30 percent after the bell before settling up 20.55. The technology and social media
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Major U.S. brokerage firms reported outages or slowly running customer websites on Tuesday during another day of volatile trading as the U.S. stock markets reversed a sharp downturn. A Fidelity spokesman said late Tuesday morning that the firm, with $2.2 trillion under management, resolved intermittent technical issues on its website. A message on its website
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