As an indication of how the stock market has suffered so far this year, the 2022 selloff has been unlike anything seen for the last 80 years. While there have been a host of reasons for the market wide rout, the meltdown has been most acute amongst growth stocks. As Wells Fargo’s Head of Equity Strategy Christopher Harvey puts it, “the sell-off is all about ‘growth’ — but not economic growth. Rather, it is about the growth style, the mispricing of duration, and risk appetite (or lack… Source link
Read More »Stocks Rebound Ahead of Big Tech Earnings Week: Markets Wrap
(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link
Read More »Stocks rise, tech shares rebound as earnings roll in
U.S. stocks advanced Thursday as investors continued to monitor a steady stream of corporate earnings results against a backdrop of elevated inflation and further Fed policy tightening. The S&P 500 rose by about 0.9% just after the opening bell. The Dow Jones Industrial Average also gained. The Nasdaq outperformed, rising by more than 1% to reverse some of Wednesday’s losses, when the tech-heavy index was weighed down by a slide in shares of Netflix. Meanwhile, Tesla (TLSA) shares jumped more… Source link
Read More »2 Oversold Stocks That Are Poised for a Rebound
We all know how the stock market started out 2022 with a sudden reversal of last year’s bull run. By the end of February, it was clear that stocks had entered correction territory; the sell-off was broad-based, across all segments of the market. But is the sell-off over? There are indications that may be the case. Since bottoming out on March 14, the market has staged a strong rebound, and year-to-date is no longer in correction territory. The S&P 500 is up 10% in that period, and the… Source link
Read More »Stock futures jump as tech shares rebound after Amazon earnings
Stock futures opened sharply higher Thursday evening as investors looked ahead to a key new report on the labor market and considered a fresh set of earnings results from several major index components. Contracts on the S&P 500 gained more than 1% as the overnight session kicked off. Nasdaq futures also jumped. Earlier, the Nasdaq Composite index sank by 3.7% for its worst single-day decline since September 2020. Oil prices also remained in focus on Thursday as U.S. West Texas intermediate… Source link
Read More »Stock futures rebound, Apple gains after record sales quarter
Stock futures opened higher Thursday evening as investors took in earnings results from some major tech companies at the end of another volatile week. Contracts on the S&P 500 gained. Dow futures also advanced, as component stock Apple (AAPL) jumped in late trading after the iPhone-maker reported record quarterly sales and better-than-expected profits despite supply chain challenges. Meanwhile, Robinhood (HOOD) shares sank after the trading platform missed on quarterly revenue, posted a… Source link
Read More »Microsoft’s Shares Rebound as Forecast Focuses on Cloud Growth – Yahoo Finance
(Bloomberg) — Microsoft Corp. shares rose in late trading, reversing an earlier decline, after the software giant gave a forecast that reassured investors the company’s Azure cloud-computing business still has potential to drive growth. Most Read from Bloomberg Earlier, Microsoft had reported quarterly sales that topped $50 billion for the first time and profit that exceeded analysts’ estimates, fueled by cloud, gaming and Windows software. Still, Azure revenue decelerated from recent… Source link
Read More »Stock futures stage rebound after selloff
Stock futures opened higher Tuesday evening to recover some losses after a selloff earlier, when more hawkish remarks from Federal Reserve Chair Jerome Powell compounded with lingering uncertainty around the Omicron variant and its impacts on the economy. Contracts on the S&P 500 rose after the index closed lower by nearly 2% Tuesday afternoon. The S&P 500 closed out November with a monthly drop of 0.8%, with volatility over the past week wiping out prior gains following the discovery of… Source link
Read More »Stocks Rebound, Bonds Dip as Omicron Turmoil Eases: Markets Wrap
(Bloomberg) — Stocks in Europe rebounded and U.S. equity futures rose along with Treasury yields as a semblance of calm returned to global markets while investors reconsidered their worst-case scenarios for the omicron coronavirus strain. Most Read from Bloomberg The Stoxx Europe 600 index jumped more than 1%, recovering some of their worst drop in more than a year, with travel and energy stocks leading the advance. S&P 500 and Nasdaq 100 contracts climbed, WTI oil rallied back above $71 a… Source link
Read More »Bars, restaurants caught between inflation, supply crisis and labor crunch as rebound ‘runs its course’
Restaurant operators and workers across the U.S. are struggling to rebound from the pandemic, and are battered by a lack of staff, skyrocketing prices and supply shortages. Paula Tejeda is one of them. Even after mass vaccinations, customer traffic is “still very shaky,” Tejeda, the owner and founder of Chile Lindo, a deli and coffee shop in San Francisco, said in an interview with Yahoo Finance. “The hospitality business, which is restaurants, small coffee shops and bars, are not back…. Source link
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