Tag Archives: higher

By Dhirendra Tripathi Investing.com – SoFi Technologies stock (NASDAQ:SOFI) slumped 14% Friday after a second quarter loss that was wider than expected. The fintech reiterated its 2021 outlook. For the full-year, it forecasts adjusted net revenue of $980 million and adjusted earnings before interest, taxes, depreciation and amortization of $27 million. The company has already logged $453.25 million in revenue in the first six months of the year. Its second-quarter adjusted net revenue jumped… Source link

Goldman Sachs is getting more bullish on stocks. The Wall Street firm on Thursday upgraded its year-end price target for the S&P 500 (^GSPC) to 4,700, up from the 4,300 seen previously. That new target would represent an upside of nearly 7% from closing prices on Wednesday, and add to what has already been a more than 17% year-to-date gain for the blue-chip index. Goldman also expects the S&P 500 to close out 2022 at 4,900, raising this from a previous target of 4,600. A combination of… Source link

Stock futures opened slightly to the upside Wednesday evening as investors awaited more earnings and data on the labor market’s recovery.  Contracts on the S&P 500 traded a tick above the flatline. The blue-chip index had ended the day in the red, pulling back from Tuesday’s record closing high. The Dow also ended lower, while the Nasdaq eked out a higher close.  Some of the closely watched companies that reported earnings results after market close on Wednesday disappointed relative to Wall… Source link

Year-to-date, the market trends are highly positive. The S&P 500 is up ~18%, while the tech-heavy NASDAQ, has put up a 14.5% year-to-date gain. There are potential headwinds – inflation is a worry, as is the possibility of further COVID-related restriction policies. But for now, the economy is mostly open, consumers are starting to spend, and investors seem optimistic. As J.P. Morgan’s chief US strategist Dubravko Lakos-Bujas recently put it, the economic gains are “not an event but… Source link

Stock futures gained Monday evening to shake off earlier declines ahead of another batch of corporate earnings results.  Contracts on the S&P 500 ticked up after the blue-chip index ended a choppy session on Monday lower. The Dow had also closed out the regular trading day in the red, losing steam in the final hour of trading after reaching a record intraday high.  Shares of video game-maker Take-Two Interactive (TTWO) fell in late trading after the company’s current-quarter forecast missed… Source link

Stock futures rose in Tuesday evening’s after-hours trading, following a session in which investors momentarily cast aside their fears that a resurgence of COVID-19 cases might derail a red-hot economic recovery.  The week started out with major benchmarks suffering their worst declines of 2021, which took the spotlight from quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 —… Source link

Stock market futures rose in Monday’s after-hours session, indicating Wall Street would open higher on Tuesday, after rising COVID-19 infections reasserted themselves and ricocheted across markets. During Monday’s session, major benchmarks suffered their worst declines of 2021, overwhelming quarterly earnings that have almost uniformly reflected a strong rebound. The rising case count driven by the Delta variant — a more communicable form of COVID-19 — pushed the Nasdaq and S&P 500 to… Source link

Stock futures gained after a mixed session on Tuesday, during which the S&P 500 and Dow each pulled back from record levels. Contracts on the S&P 500 rose by 0.2% with two hours until the opening bell. The index pulled back by the end of the regular session Tuesday, but this came following a notable run-up for the blue-chip index in recent weeks: It had closed at record highs at the end of each of the last seven sessions, and hit a record intraday high Tuesday morning.  The Dow also headed… Source link

Stock futures opened slightly higher Wednesday evening, adding to gains after the major equity indexes closed out a strong second quarter and first half of the year. Contracts on the S&P 500 edged higher after the index logged yet another record closing high during the regular trading day. The blue-chip index has gained 14.4% for the year to date, and ended June with a more than 2% gain for a fifth straight monthly rise. A batch of strong economic data helped propel equities higher during… Source link

Stock futures opened slightly higher Tuesday evening as traders looked ahead to more economic data out Wednesday morning. Contracts on the S&P 500 and Nasdaq were each slightly higher after the indexes set record levels yet again during the regular trading day. Dow futures also ticked up.  The major U.S. stock indexes have moved only modestly so far this week, hovering at or near record levels while traders await more catalysts to push equities higher. Many have pointed to the prospects of… Source link