Tag Archives: drop

Down goes the U.S. unemployment rate in 2022, contends J.P. Morgan chief U.S. economist Michael Feroli. “I think by the end of the year [2022] we could see the unemployment rate around 3%,” said Feroli on Yahoo Finance Live. “It’s stunning to see how much the rate has fallen in the last five months. We expect that pace of decline to slow, but it doesn’t take much to get below 4%. Even with a tick up in the labor participation rate which has been depressed over the last year and a half.” To… Source link

Wharton’s Jeremy Siegel warns that stocks could drop 10% as soon as December — hold fast with these 3 ‘conservative’ tech picks The stock market could suffer a 10% correction as early as December if the Federal Reserve starts cracking down on inflation, a respected author and professor of finance says. With inflation hitting a 30-year high of 6.2% in October, Jeremy Siegel expects the Fed will finally roll up its sleeves at its next meeting. That could mean the end of low interest… Source link

Travel platform Expedia (EXPE) and home sharing site Airbnb (ABNB) are two of the stocks swept into the market sell-off on Friday over concerns of a COVID variant first detected in southern Africa. Expedia, the fifth-worst performer in the S&P 500, dropped as much as 11% during the shortened trading day on Friday. Shares closed 9% lower at $159.80 each. Airbnb’s stock closed the session down more than 3% at $173.86. Travel reservation platform Booking Holdings (BKNG) also declined more than 7%… Source link

Stock futures opened slightly higher Monday evening after a mixed session, as investors further mulled the market implications of Federal Reserve Jerome Powell’s renomination to lead the central bank. Contracts on the S&P 500 rose. Earlier, the blue-chip index set an all-time intraday high before pulling back to end in the red, with a drop in technology stocks dragging on the index. The Nasdaq underperformed with a drop of more than 1%, while the Dow ended narrowly in the green. Shares of… Source link

Stock futures drifted sideways Wednesday evening after a technology-led drop across the major equity indexes, with traders mulling signs that elevated inflation was still reverberating across the recovering economy.  As of market close Wednesday, the S&P 500 dropped for a back-to-back session, giving back more gains after eight consecutive sessions of advances to kick off November trading.  With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been… Source link

Stock futures dipped Thursday evening, with investors eyeing a couple of disappointing earnings results from Apple (AAPL) and Amazon (AMZN) that punctuated an otherwise solid quarterly reporting season from many major companies.  Contracts on the S&P 500 fell, pulling back after the blue-chip index set a record closing high on Thursday. Nasdaq futures underperformed amid the drawdown in the big technology names. Amazon shares dropped in late trading after the e-commerce juggernaut missed… Source link

Google today announced a preview of Android 12L, which sounds like a new version of Android, but Google calls it “a special feature drop that makes Android 12 even better on large screens.” The idea here is to provide users on tablets, foldables and Chrome OS laptops — anything with a screen above 600 dp — with an improved user interface. The developer preview of Android 12L is now available for developers who want to give it a try, as well as a new Android 12L emulator and… Source link

Stock futures fell Monday morning to give back some gains after the S&P 500’s best week since July, with investors’ concerns over elevated inflation offsetting hopes that more companies will follow the lead of the big banks last week and post strong quarterly earnings results.  Contracts on the Dow dropped about 100 points, or 0.3%, with about two hours until the opening bell. The S&P 500 and Nasdaq also headed for lower opens. The moves tracked a drop in overseas equities after China… Source link

(Bloomberg) — U.S. futures dropped with European stocks as the highest oil prices since 2014 stirred fears that a spreading energy crunch will derail the global pandemic recovery. Most Read from Bloomberg West Texas Intermediate crude rose past $80 a barrel and China’s coal futures reached a record as flooding shuttered mines. European equities were modestly lower, with declines led by travel companies. U.S. contracts also slipped, with those on the tech-heavy Nasdaq 100 underperforming the… Source link

Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.  Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell.  The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top… Source link