Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.
What Happened: On this day in 1877, the Bell Telephone Company was founded in Boston as a common law joint stock company.
Where Was The Market: The founding of the company predates the Dow Jones Industrial Average.
Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga's Phil Hall chronicling the bankers, brokers and financial ne’er-do-wells whose ambition and greed take them in the wrong direction.
AMC Entertainment Holdings, Inc (NYSE: AMC) gapped down 9% Thursday morning but bulls rushed in and bought the dip. By Thursday afternoon, AMC rallied from the $39.40 area and tested a resistance level at the $48 mark.
China’s recent crackdown on DiDi Global Inc - ADR (NYSE: DIDI) and other U.S.-listed Chinese tech stocks has sent Chinese ADRs tumbling and has investors puzzled about what to expect next.
At 2:30 a.m. ET Thursday morning, bearish volume picked up on the S&P 500 e-mini Futures and by 6:15 a.m., ES1 had fallen over 70 points.
At about the same time the Volatility S&P 500 Index (NYSE: VIX) began to spike and by Thursday morning was trading at over $20.
The SPDR S&P 500 ETF (NYSE: SPY) is now up nearly 95% from its March 2020 lows, and it’s understandable why some investors may be getting a bit uneasy about the big run after the S&P 500 tacked on another 14.4% gain in the first half of 2021.
Former President Donald Trump is bringing class action lawsuits against Facebook (NASDAQ: FB) CEO Mark Zuckerberg and Twitter (NYSE: TWTR) CEO Jack Dorsey over his banishme