U.S. stocks clawed back from steep losses to close mixed on Wednesday after lackluster forecasts from Microsoft (MSFT) and other companies reporting earnings weighed on the market for much of the session. The S&P 500 (^GSPC) was just below flat, while the Dow Jones Industrial Average (^DJI) turned positive, capping the day just above breakeven. The technology-heavy Nasdaq Composite (^IXIC) was off by 0.2%. Investors continued to barrel through a mild earnings season, with reports from names… Source link
Read More »Stocks close mixed ahead of November jobs report
U.S. stocks lagged Thursday ahead of monthly employment data as traders failed to continue momentum from a rally fueled by Fed Chair Jerome Powell’s indication of a slowdown in rate increases. The S&P 500 (^GSPC) slipped 0.1%, while the Dow Jones Industrial Average shed 200 points, or 0.6%. The technology-heavy Nasdaq Composite was an outlier — closing up 0.1%. In other pockets of the market, the U.S. dollar index retreated as the greenback had its worst monthly performance in over a… Source link
Read More »Stocks open mixed on holiday-shortened trading day
Stocks opened mixed on a shortened day of trading on Black Friday. Near 9:35 a.m. ET, the S&P 500 was down less than 0.1%, the Dow was up 0.2%, and the Nasdaq was off by about 0.5%. The U.S. stock market will close at 1:00 p.m. ET on Friday; financial markets in the U.S. were closed on Thursday for Thanksgiving. Stocks finished with gains on Wednesday, the week’s final full trading session, after the minutes from the Fed’s latest meeting signaled a likely slowdown in the pace of rate hikes at… Source link
Read More »Stocks mixed after GDP data, more earnings on tap
U.S. stocks were mixed Thursday as investors braced for another batch of tech earnings from Amazon (AMZN) and Apple (AAPL) and dissected a better-than-expected U.S. GDP report. The Dow Jones Industrial Average (^DJI) and technology-heavy Nasdaq Composite (^IXIC) diverged, with the Dow jumping more than 350 points and the Nasdaq falling 0.7%. The S&P 500 (^GSPC) ticked up slightly by 0.1% in midday trading. The S&P 500 and Nasdaq fell Wednesday, snapping three straight days of gains for the… Source link
Read More »Stock futures mixed as huge earnings day kicks off
U.S. stocks were mixed on Tuesday morning ahead of corporate earnings from some of the market’s biggest players. The S&P 500 (^GSPC) inched higher 0.2% while the Dow Jones Industrial Average (^DJI) ticked down by 0.1%. The technology-heavy Nasdaq Composite (^IXIC) up by 0.6%. Stocks gained on Monday, as the major indices rallied ahead of a slew of third-quarter earnings this week. Coca-Cola (KO) posted earnings before the bell on Tuesday. The Atlanta-based company raised its full-year outlook… Source link
Read More »Stocks open mixed after 10-year Treasury briefly hits 4%
U.S. stocks struggled for direction early Wednesday after the 10-year Treasury yield – a key economic linchpin – briefly spiked past 4%, hitting a closely watched level for the worst bond sell-off in decades. The S&P 500 was up a modest 0.1%, while the Dow Jones Industrial Average added 60 points, or around 0.2%. The Nasdaq Composite was off by 0.2%. Across the Atlantic, the Bank of England said it would carry out temporary purchases of long-dated U.K. government bonds, an emergency… Source link
Read More »Stock futures mixed as economic data rolls in
U.S. stock futures struggled for direction Thursday morning as investors pored over a batch of economic data. Futures tied to the benchmark S&P 500 slip 0.1%, while futures on the Dow Jones Industrial Average hovered ticked up by the same margin. Contracts on the technology-heavy Nasdaq Composite fell 0.3%. The moves come after a modest rebound on Wednesday from the stock market’s worst day since June 2020. Initial jobless claims fell for a fifth-straight week to the lowest reading since May…. Source link
Read More »Tech stocks sink, Walmart rallies in mixed trading
Stocks were mixed near noon on Tuesday with results out of Walmart and a resurgence in the meme stock rally taking centerstage. Near 11:30 a.m. ET, the S&P 500 was up 0.1%, the Dow was up 0.6%, and the Nasdaq was down 0.3%. Earlier in the session, the S&P 500 and Nasdaq had traded in red figures, with the Nasdaq off more than 1.1% at session lows. Around 11:20 a.m. ET, shares of Bed, Bath & Beyond (BBBY) were halted at least twice for volatility after gaining more than 70% on the day. GameStop… Source link
Read More »Stocks close mixed ahead of July jobs report
U.S. stocks were little changed Thursday following uneventful trading as investors looked ahead to July’s jobs report on Friday and barreled through more earnings. The S&P 500 edged down 0.1%, while the Dow Jones Industrial Average slipped roughly 0.3%. After rallying on Wednesday, tech stocks tried to build back momentum, with the Nasdaq up 0.4%. The biggest action in markets on Thursday, however, was happening away from the major stock indexes with the price of WTI crude oil falling below… Source link
Read More »Stocks mixed as inflation, growth concerns linger
US stocks fell Wednesday morning, extending Tuesday’s losses as investors remained focused on mounting signs of a slowdown in US economic growth. The S&P 500 traded lower shortly after market open, following a 2% slide in the index a day earlier. The Dow Jones Industrial Average edged lower, while the Nasdaq Composite underperformed as technology stocks remained under pressure. Bitcoin also fell, and prices briefly fell below $20,000. West Texas intermediate crude oil futures rose above $112… Source link
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