Yahoo News

Big Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets Wrap

January 31, 2024 Yahoo News 0

Big Tech Gets Crushed, Bonds Gain in Run-Up to Fed: Markets Wrap

(Bloomberg) — Wall Street traders gearing up for the Federal Reserve decision scrambled to digest a selloff in big tech, the Treasury refunding plans and weaker-than-forecast data. Fresh concerns about regional lenders added to economic concerns that sent bond yields plunging, though banks pared losses as the session progressed. Most Read from Bloomberg The most-influential group in the S&P 500 got hammered on Wednesday after some of its biggest names failed to live up to high expectations… Source link

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Regional bank that played rescuer in 2023 now in turmoil

January 31, 2024 Yahoo News 0

Regional bank that played rescuer in 2023 now in turmoil

New York Community Bancorp (NYCB) played the role of rescuer during a 2023 regional banking crisis by purchasing some assets of the failed Signature Bank. Now it is experiencing some trouble of its own. The stock of the Hicksville, N.Y.-based lender fell 46% Wednesday after it reported a surprise net loss of $252 million for the fourth quarter and announced a suspension of its dividend. It recovered some of those losses by 11:30 a.m. ET, when it was down 34%, but it is still on track to post… Source link

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31 charts tell the story of markets and the economy to start 2024

January 30, 2024 Yahoo News 0

31 charts tell the story of markets and the economy to start 2024

Stocks have surged to record highs at the start of 2024. Inflation has moderated, the Federal Reserve looks set to cut interest rates, and the vaunted “soft landing” for the US economy is coming into view. The US economy and corporate America continue to prove resilient in the face of the Federal Reserve’s aggressive rate hikes. This optimism reflected in recent market action and the economic consensus serves as the central theme of the latest Yahoo Finance Chartbook, which brings together more… Source link

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Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

January 30, 2024 Yahoo News 0

Stocks rise as S&P 500 hits fresh record to kick off earnings-packed week

US stocks edged higher Monday, with the S&P 500 notching another record close as investors braced for a busy week packed with Big Tech earnings updates, a Federal Reserve rate decision, and the crucial US jobs report. The Dow Jones Industrial Average (^DJI) drifted 0.6% higher, while the S&P 500 (^GSPC) rose 0.8% to build on last week’s wins for the indexes. The tech-heavy Nasdaq Composite (^IXIC) gained over 1%. With five of the “Magnificent Seven” tech companies set to report earnings, it Source link

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Grief and mourning for 3 US soldiers killed in Jordan drone strike who were based in Georgia

January 29, 2024 Yahoo News 0

Grief and mourning for 3 US soldiers killed in Jordan drone strike who were based in Georgia

SAVANNAH, Ga. (AP) — During their last phone conversation, Spc. Kennedy Sanders told her mother she wanted to take her military career to a new level when she returned home from the Middle East. She also revealed, to her mother’s strict disapproval, that she was thinking of buying a motorcycle. The 24-year-old Army reservist and her family were already looking ahead to summer when Sanders was scheduled to return to Waycross, Georgia, the hometown where she helped coach soccer and… Source link

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US stocks make muted start to earnings-packed week

January 29, 2024 Yahoo News 0

US stocks make muted start to earnings-packed week

US stocks were little changed on Monday as investors braced for a busy week packed with Big Tech earnings updates, a Federal Reserve rate decision, and the crucial US jobs report. The Dow Jones Industrial Average (^DJI) and the S&P 500 (^GSPC) drifted just above the flatline, getting off to a muted start after the major stock gauges notched weekly wins. The tech-heavy Nasdaq 100 (^NDX) ticked higher. With five of the “Magnificent Seven” tech companies set to report earnings, it looks like a… Source link

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