Tag Archives: market

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, February 28, 2022 Corporate America is launching two of its own birds into Putin’s backyard for his invasion into Ukraine. Not airplanes, but one finger from each hand. Here are the first round of actions from a host of multinational companies that began to trickle in over the weekend: Transport giants FedEx and UPS have suspended shipments… Source link

Nike (NKE) just stuck a size 12 basketball shoe into the groin of trusted vendor partner Foot Locker (FL) as it seeks to bank even more money from its $150-plus pairs of sneakers. Shares of Foot Locker crashed nearly 35% on Friday — wiping out about $950 million in market value — as the sneaker retailer warned on lost business from its large customer this year. Foot Locker said no single vendor (in this case Nike) is expected to represent more than 60% of its business this year, down from… Source link

Before Russia invaded Ukraine, there had been quite a bit of research circulating that concluded the impact of such an event to the U.S. stock market . LPL Financial’s Ryan Detrick looked back at . , the hit to the S&P 500 tends to be relatively light and the volatility tends to be relatively short-lived. “The combined revenue exposure of the S&P 500 to Russia and Ukraine is about 1%,” FactSet’s John Butters . With all of this information already out there, why have markets been selling… Source link

(Bloomberg) — Futures tracking the Nasdaq 100 Index signaled the U.S. equity gauge is poised to fall into a bear market on Thursday for the first time since the depths of the pandemic selloff as investors exit risk assets on geopolitical risks. Most Read from Bloomberg March futures for the technology-heavy index slid as much as 3.3%, as Russian forces attacked targets across Ukraine after President Vladimir Putin ordered an operation to demilitarize the country, prompting a threat of further… Source link

U.S. stock futures were flat heading into overnight trading Wednesday after another tumultuous day on Wall Street that saw all three major benchmarks log their lowest levels this year so far as Russia-Ukraine tensions continued to weigh on investor sentiment. Futures tied to the S&P 500 were little changed after the benchmark slid deeper into a correction – more than 10% from its record closing high on Jan. 3 — in the daytime session. Contracts on the Dow Jones Industrial Average and… Source link

This headline-only article is meant to show you why a stock is moving, the most difficult aspect of stock trading. Every day we publish hundreds of headlines on any catalyst that could move the stocks you care about on Benzinga Pro, our flagship platform for fast, actionable information that promotes faster, smarter trading. Benzinga Pro has an intuitively designed workspace that delivers powerful market insight, and is the solution of choice for thousands of… Source link

With heavy customer demand for faster delivery, the air cargo market may face a dilemma as the threat of a Russian invasion of Ukraine fans geopolitical tensions, and puts new strains on an already stressed worldwide supply chain. An Eastern European conflict “won’t be good. Anytime you have geopolitical tension, it actually takes up a lot of demand for a lot of these air charters that exist,” Brian Bourke, chief growth officer at freight company Seko Logistics, told Yahoo Finance Live on… 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, February 18, 2022 The Joseph Heller market may last all year Tensions on the border of Russia and Ukraine are forcing Wall Street investors to sell everything (except bonds, gold and the dollar). Meanwhile, relentless inflation, and what the Federal Reserve might do to address it, is making Wall Street… well, sell everything. Over the last… Source link

U.S. stock futures were little changed in after-hours trading Wednesday following a turbulent earlier session that saw Wall Street’s main indexes claw back from daytime lows after minutes from the Federal Reserve’s latest meeting minutes came in clear of any mention the central bank would authorize a 50 basis point rate hike in March. Futures tied to the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite were mostly flat heading into the overnight session after recovering some… Source link

With tensions between the United States and Russia running as hot as January’s Consumer Price Index reading, many investors are wondering if it’s time to reduce risk in their portfolios amid fear of a new war. At least from a historical perspective, exiting the market would be the wrong move. The S&P 500 was higher 12 months later in nine of 12 geopolitical shock events analyzed in a new note (seen below) by Truist co-chief investment officer Keith Lerner. The average return 12-months… Source link