Tag Archives: earnings

U.S. stocks started the week wavering as Wall Street awaits earnings from the market’s biggest players. The S&P 500 (^GSPC) edged higher 0.4%, while the Dow Jones Industrial Average (^DJI) ticked up 0.5%. The technology-heavy Nasdaq Composite (^IXIC) slid by nearly 0.1% at the open. Treasury yields retreated after a relentless climb last week that saw the 10-year note temporarily hit a 14-year high above 4.3%. On Friday, the Wall Street Journal reported that some Federal Reserve officials… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, Oct. 21, 2022 My word-find function has been going into overdrive this earnings season, looking for a few key phrases in earnings-call transcripts: “Foreign exchange.” “Currencies.” “Dollar.” Netflix (NFLX) Chief Financial Officer Spencer Neumann summed it up succinctly in his company’s conference call: “The FX drag is… Source link

U.S. stocks continued a streak of choppy trading Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. The S&P 500 (^GSPC) was down about 0.2% in the early afternoon, while the Dow Jones Industrial Average (^DJI) moved up by the same margin, or 50 points. The technology-heavy Nasdaq Composite (^IXIC) was 0.1% above breakeven. Meanwhile, Treasury yields edged toward new multi-year highs, with the… Source link

U.S. stocks continued a streak of choppy trading to start Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. The major indices wavered to start the session, then steadily climbed throughout the morning. The S&P 500 (^GSPC) was up about 1%, while the Dow Jones Industrial Average (^DJI) moved up 350 points, or 1.2%. The technology-heavy Nasdaq Composite (^IXIC) was up 1.3%. Meanwhile, Treasury yields… Source link

U.S. stock futures hinted at another choppy session Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. Futures tied to the S&P 500 (^GSPC) rose 0.1%, while futures on the Dow Jones Industrial Average (^DJI) added 110 points, or 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) slipped 0.1% below the flatline. Meanwhile, Treasury yields held at multi-year highs, with the… Source link

It will be another big quarter for Tesla (TSLA), and the markets overall, when the EV giant reports Q3 earnings after the bell on Wednesday. Wall Street is expecting Tesla to report: That revenue figure would represent more than a $5 billion jump from Q2, where Tesla experienced COVID-related and operations optimizing shutdowns in Shanghai. Year over year that estimated revenue figure would be a nearly 61% jump from Q3 of 2021. On the profitability end, Tesla is expected to report adjusted net… Source link

Netflix (NFLX) reported its fiscal third quarter earnings on Tuesday after the bell, crushing expectations and prompting shares to surge more than 14% in after hours trading. Here are Netflix’s third quarter results compared to Wall Street’s consensus estimates, as compiled by Bloomberg: Revenue: $7.93 billion versus $7.85 billion expected Adj. earnings per share (EPS): $3.10 versus $2.22 expected Subscriber net additions: +2.41 million versus +1 million estimated In a note to shareholders, the… Source link

U.S. stocks soared early Monday as investors assembled for a big week of corporate earnings. The S&P 500 (^GSPC) rallied 2.1% at the start of the session, while the Dow Jones Industrial Average (^DJI) gained nearly 500 points, or 1.7%. The technology-heavy Nasdaq Composite (^IXIC) surged 2.6%. Special programming: Check out Yahoo Finance’s 9th Annual Yahoo Finance All Markets Summit from 9 to 5 ET. The moves come after a roller coaster week on Wall Street that saw the S&P 500 log its… Source link

All it took for Elon Musk to set the hearts of Tesla investors aflutter was one simple word. A full week after Singapore-based billionaire Leo KoGuan warned only a stock buyback or 100% earnings growth would pull Tesla out of its current slump, Musk finally replied to his third largest shareholder. “Noted,” he wrote on Thursday. Minutes later the stock reversed its losses as investors took this as a clear sign that Musk might greenlight Tesla spending anywhere between $5 billion to even… Source link

U.S. stocks erased gains Friday as Wall Street’s biggest banks reported earnings and investors digested more inflation expectations. The S&P 500 (^GSPC) fell 1.7%, while the Dow Jones Industrial Average (^DJI) was down nearly 1%. The technology-heavy Nasdaq Composite (^IXIC) fell by 2%. Stocks turned sharply lower as a consumer survey from the University of Michigan showed inflation expectations increasing, marking the highest level in six months. “The uptick in inflation expectations probably… Source link