19 Mins Ago
After-hours movers
Check out the companies making headlines after the bell:
Intuitive Surgical — Shares of the provider of robotic-assisted surgical solutions rose 1% after the company posted stronger-than-expected results.
KB Home – The homebuilder advanced nearly 2% after announcing that its board of directors authorized a new $1 billion share repurchase.
Western Alliance — The regional bank stock fell less than 1% in extended trading after the firm posted disappointing earnings.
— Yun Li
19 Mins Ago
Bearishness climbed in latest AAII poll, but bullishness stayed above average for 24th week
Main Street investors became much more bearish in the latest weekly survey from the American Association of Individual Investors, but not by enough to keep bullishness from staying above average for a 24th consecutive week.
Investors pessimistic about the outlook for stock prices over the next six months rose to 34.0% — the highest since early November — from 24% last week.
It was the first time investor bearishness was above the long-term historical average of 31.0% since early November, shortly after the current bull market began.
Bullishness narrowed to 38.3% — still above the long-term historical average of 37.5% — from 43.4% last week. The recent high came the week before Christmas when bullishness touched 52.9%, although readings of 51.7% and 50.0% in early and late March came close.
— Scott Schnipper
