US stocks are coming off a lackluster week and early indications suggest a reversal in sentiment in the new trading week. While rising bond yields could be a cause of concern, the recent weakness could trigger bargain-hunting-related buying.
Ready Capital Corporation (NYSE: RC) and Broadmark Realty Capital Inc. (NYSE: BRMK) announced today that they have entered into a definitive merger agreement pursuant to which Broadmark will merge with Ready Capital.
Spot gold has enjoyed a bull market for the last few months amid rising inflation and recession fears, despite the recent pullback. The current downturn the commodity is experiencing could signal good news for miners, however, who often see a trickle-down effect, lagging a bull run in spot gold.
Electric vehicle stocks came under selling pressure in the week ended Feb. 24, weighed down by the general rise in risk aversion and a negative earnings report from luxury EV manufacturer Lucid Group, Inc. (NASDAQ: LCID).
Here are the key events that happened in the EV space during the week:
U.S. stocks traded lower toward the end of trading, with the Dow Jones dropping over 300 points on Friday.
The Dow traded down 1.07% to 32,798.91 while the NASDAQ fell 1.90% to 11,370.53. The S&P 500 also fell, dropping, 1.23% to 3,963.05
Needham analyst Scott Berg reiterated BigCommerce Holdings Inc (NASDAQ:BIGC) with a Buy and a $20 price target. BIGC reported mixed 4Q22 results with a…