Tag Archives: losses

Stocks jumped Monday morning to recover some losses after Friday’s slide, when uncertainty over a new coronavirus variant stoked volatility across global markets.  The Dow gained more than 300 points, or about 0.9%. On Friday, the index had seen its worst day since October 2020, dropping more than 900 points, or 2.5%.  U.S. airlines and other travel stocks were mostly higher to steady after steep losses from late last week, when initial concerns over the newly discovered Omicron variant of… Source link

By Ambar Warrick and Devik Jain (Reuters) – U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3% and 0.7% last week on concerns over high inflation and weakening consumer sentiment. Investors had begun pivoting into economically resilient sectors, mainly technology, towards the end of the… Source link

(Bloomberg) — A big week for global markets is off to a messy start as stocks plunge around the world and haven bids break out. Blame everything from China Evergrande Group’s woes and the collapse in iron-ore prices to fears over the U.S. debt ceiling. The endgame for creditors to the Chinese property giant has arrived just as traders are in a state of alert before the Federal Reserve’s meeting this week. The Stoxx Europe 600 index dropped 1.9% Monday, on track for the biggest decline in… Source link

Stock futures opened slightly higher Tuesday evening after dropping during the regular trading day, with September selling pressure returning to markets even after a report showed a slower-than-expected rise in inflation last month. Contracts on the S&P 500 ticked above the flat line. Dow futures also steadied after the index shed nearly 300 points during the regular trading day, resuming declines and falling for the sixth time in seven sessions. Shares of technology heavyweight Apple (AAPL)… Source link

Stock futures gained Monday morning, steadying after last week’s volatility as investors looked ahead to a key event from the Federal Reserve later this week. S&P 500 futures rose by more than 0.3%, led by gains in energy stocks as oil prices advanced. U.S. West Texas intermediate crude oil futures (CL=F) topped $64 a barrel, and Brent crude (BZ=F) jumped above $67 per barrel after suffering its longest losing streak since early 2018 as of last week.  Contracts on the Dow were set to open… Source link

(Bloomberg) — Gold slipped after finishing strongly last week, with UBS Group AG warning investors to rethink their bullion holdings as the global economy recovers and the greenback strengthens into next year. Bullion had been clawing back some ground over the past week after better-than-expected U.S. jobs data sent prices tumbling on bets the Federal Reserve may start paring back massive monetary stimulus soon. This week, investors will parse through a speech by Chair Jerome Powell, as well… Source link

Stock futures added to losses in late trading on Tuesday, with investors digesting a slew of Big Tech earnings results and looking ahead to another set of reports on Wednesday. A monetary policy statement from the Federal Reserve is also slated for release. Contracts on the S&P 500 dipped about 0.25% at the start of the overnight session. The index, as well as the Dow and Nasdaq, pulled back from record levels during the regular trading day.  Shares of Apple (AAPL) and Microsoft (MSFT) fell… Source link

Delta Air Lines (DAL) on Wednesday reported a narrower than expected loss in the second quarter, with “accelerating demand” putting the airline back on a path to profitability. Here are the main results from the Q2 report, compared to consensus estimates compiled by Bloomberg: Adjusted pre tax income (loss): $881 million vs ($898 million) estimate Adjusted earnings (loss) per share: ($1.07) vs ($1.42) estimate GAAP earnings per share: $1.02 vs (0.17) estimate Revenue: $6.3 billion vs. $6.3… Source link

GameStop (GME) reported fiscal first-quarter results that reflected improved sales and narrowing losses, even as many investors continue to fixate on the company’s “meme stock” clout over business performance. The company also announced two Amazon veterans would be joining the company as chief executive officer and chief financial officer. Shares traded 5% lower during the after hours session before paring some losses. Here were the main results from GameStop’s report compared to consensus… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link