It was another day of rocky trading on Wall Street, with a late-afternoon surge nearly erasing Wednesday morning's losses in the Dow and S&P 500. The up-and-down trading was once again focused on President Trump's proposed tariffs-this time sparked by the resignation of economic adviser Gary Cohn, considered by many to be one of the administration's last remaining global-focused minds.
Zacks Rank #1 (Strong Buy) Top Movers
Value: Kforce KFRC - +4.7%
Growth: Abercrombie & Fitch ANF - +11.2%
Momentum: Weight Watchers WTW - +4.9%
Dow: 24,805.10 / -79.02 / -0.32%
Nasdaq: 7,396.65 / +24.64 / +0.33%
S&P 500: 2,726.91 / -1.21 / -0.04%
Wall Street continues to apprehend a potential trade war due to President Trump's protectionist stance. The head of Trump's National Economic Council, Gary Cohn's resignation was a setback for world leaders. As prospect of a potential trade war looms large, investing in small-cap stocks seems judicious.
After starting the day relatively flat, shares of Advanced Micro Devices AMD suddenly popped more than 8% in morning trading Wednesday. The sudden spike seems to be linked to an unsubstantiated rumor that the trendy chipmaker could be the subject of a takeover.
Lockheed Martin LMT was an integral part of the first "Space Race" and is poised to be a major player in the recently reinvigorated domestic space program, which includes plans to land humans on Mars by the 2030s.
Want more market analysis from this author? Make sure to follow @ Ryan_McQueeneyon Twitter!
Breaking News: Cryptocurrencies Now Bigger than Visa
The total market cap of all cryptos recently surpassed $700 billion - more than a 3,800% increase in the previous 12 months. They're now bigger than Morgan Stanley, Goldman Sachs and even Visa! The new asset class may expand even more rapidly in 2018 as new investors continue pouring in and Wall Street becomes increasingly involved.
Zacks' has just named 4 companies that enable investors to take advantage of the explosive growth of cryptocurrencies via the stock market.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.