Mortgage rates drop to new low under 3% amid fresh coronavirus fears

The 7 Best Semiconductor Stocks on the Market Now

Moore's Law says that the number of transistors on a silicon chip will double every two years. That premise of ever-expanding computing power has been the driving force behind the modern digital revolution. It has also meant that semiconductor stocks have been a force to be reckoned with. * The InvestorPlace Q&A: ProShares Pet Care ETF Is a Treat for Investors But not every company that has built its business around silicon is worth investing in. The road is littered with failures like 3dfx Interactive. To stay safe and reap big gains, these seven picks should be at the top of your list if you want a piece of the semiconductor action: * Advanced Micro Devices (NASDAQ:AMD) * Intel (NASDAQ:INTC) * Maxim Integrated Products (NASDAQ:MXIM) * Qorvo (NASDAQ:QRVO) * Skyworks Solutions (NASDAQ:SWKS) * Analog Devices (NASDAQ:ADI) * Broadcom (NASDAQ:AVGO)Some have been in business since the PC era began, while several of...

Why Investors Shouldn't Ignore Thursday's Stock Market Plunge

The S&P 500 dropped 5.9% on Thursday, its worst day of trading since March. The index ticked higher on Friday morning, but DataTrek Research co-founder Nicholas Colas said investors would be wise not to ignore Thursday's big move.Why It's Important: From a historical perspective, Colas said there are typically one of two explanations for a 5% market drop in a single day. First, these days occur when there is a problem with market structure that is frequently compounded by overvaluation of stocks. He said the sell-off in October 1987 is an example of this type of market drop.Second, the S&P 500 can drop 5% in a single day if investors see a problem with the economy that will require a fiscal and or monetary response, such as the ones the Federal Reserve provided in March of this year."It is too early to tell which factor caused today's selloff or if it...

Fed Warns of Significant Financial-Sector Vulnerabilities

(Bloomberg) -- The Federal Reserve put a spotlight on job losses and risks to the financial sector in its semi-annual report to Congress released Friday.“Despite increased resilience from the financial and regulatory reforms adopted since 2008, financial system vulnerabilities -- most notably those associated with liquidity and maturity transformation in the nonbank financial sector -- have amplified some of the economic effects of the pandemic,” the Fed said. “Accordingly, financial-sector vulnerabilities are expected to be significant in the near term.”The central bank also highlighted the risks to the economy and job losses, with a section dedicated to the topic.The Fed’s policy committee this week voted to keep interest rates near zero and central bankers penciled in no rate hikes through 2022. In their first forecasts since December, Federal Open Market Committee participants projected an unemployment rate of 9.3% at year’s end, edging down slowly over the next two years, with inflation...