Tag Archives: fears

U.S. stocks slid Friday morning as fears of aggressive Federal Reserve policy had equity markets pace towards a big weekly loss and Treasury yields continue a perilous climb to fresh highs. The benchmark S&P 500 tumbled 1.2% early into the session. The Dow Jones Industrial Average plunged more than 300 points, or 1.1%, falling below the 30,000 level for the first time since June. The technology-heavy Nasdaq Composite off by 1.2%. Meanwhile, the 10-year U.S. Treasury note spiked above 3.7%,… Source link

By Noel Randewich (Reuters) – S&P 500 futures fell on Thursday, suggesting traders expect Wall Street to open down in its next session, after FedEx withdrew its financial forecast and added to worries about a slowing global economy. After trading resumed following a daily maintenance period, S&P 500 e-mini futures fell 0.6%. Nasdaq futures dropped 0.7%. FedEx tumbled 16% late in the day after the company said its fiscal first-quarter results were hit by global volume softness and it withdrew… Source link

Best Buy has become the latest big-name retailer to badly overestimate consumer demand as recession fears mount and shoppers pullback on discretionary purchases. The electronics retailer slashed both its second-quarter and full-year financial forecasts late Wednesday, sending shares lower by 4% in after-hours trading. Best Buy’s downward revisions are tough on the eye to say the very least: 2Q Same-Store Sales: -13% (previous: about -8%) 2Q Operating Margin: 3.7% (vs. 6.9% in second quarter of… Source link

By Sam Byford TOKYO (Reuters) – Asian stocks slipped across the board on Wednesday, failing to extend Wall Street’s rally as persistent worries about interest rates and inflation remained a key focus for investors, while the Japanese yen hit a fresh 24-year low against the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.39%, still up 1.02% on the more than five-week low it hit on Monday. Tokyo’s Nikkei gave up early gains and was flat. Investors are continuing to… Source link

(Bloomberg) — US-listed China stocks surged Monday to the highest since early April on increased speculation that a year-long government crackdown on the technology industry is easing. Most Read from Bloomberg While the S&P 500 Index struggled to mount much of an advance, the Nasdaq Golden Dragon Index closed 5.4% higher after surging as much as 8.3%, as Chinese regulators were said to be close to wrapping up their investigation of Didi Global Inc. The company’s American depositary receipts… 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 Thursday, June 2, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him on Twitter @SPYJared. Fear and greed are universal to the human condition. And the fear and greed of the herd — a/k/a retail traders — is currently swinging far to the fear side. This may be good news, as the herd is often… Source link

(Bloomberg) — Alibaba Group Holding Ltd.’s quarterly revenue rose a better-than-expected 9%, reassuring investors trying to come to grips with the economic cost of sweeping lockdowns intended to eradicate Covid-19. Most Read from Bloomberg But China’s e-commerce leader also refrained from offering its usual outlook for the year, underscoring the unpredictable impact of a Covid Zero policy that’s already cast the country’s supply chains into disarray and hammered consumer… Source link

Workers at an Apple supplier in Shanghai are operating under a “closed loop” system where they work, live, eat, and sleep onsite.Qilai Shen/In Pictures via Getty Images Images Videos show workers at an Apple and Tesla plant in Shanghai clashing with quarantine officials. The workers were said to be frustrated with onsite COVID-19 measures. The clash underscores the frailty of Shanghai’s plans to reopen its factories amid strict lockdowns. More than a hundred workers at a major Apple and Tesla… 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 Monday, April 25, 2022 Tired of Wall Street talking heads pounding fears of recession into your overloaded brain day after day this month? So am I. There are valid reasons why some folks on the Street are calling for a recession later this year or early next year. Models being toyed around with by pros are outputting increasing recession risk…. Source link

Ukraine’s IT sector boasted some of the highest salaries in the country, long before Russia invaded, with roughly 200-thousand workers providing critical services to tech giants and other major industries around the world. As the country enters its seventh week of the war, some of its top tech executives are making direct appeals to those same international firms to stick with them, even as fears of a brain drain consume the domestic market. “We are showing [the world] that we can continue… Source link