Tag Archives: Rout

[unable to retrieve full-text content]PacWest Leads Regional Bank Stock Rebound After Bruising Rout  Yahoo Finance Source link

U.S. stock futures edged higher Monday morning ahead of a busy week for investors with key inflation data and the Fed’s last policy meeting of the year serving as highlights. Futures tied to the S&P 500 (^GSPC) inched higher by 0.2% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked up by 0.1%. The technology-heavy Nasdaq Composite (^IXIC) increased as much as 0.25%. All three major indexes ended with losses during Friday’s trading session, capping the worst… Source link

(Bloomberg) — For some investors, this year’s rout in high-flying technology stocks is more than a bear market: It’s the end of an era for a handful of giant companies such as Facebook parent Meta Platforms Inc. and Amazon.com Inc. Most Read from Bloomberg Those companies — known along with Apple Inc., Netflix Inc. and Google parent Alphabet Inc. as the FAANGs — led the move to a digital world and helped power a 13-year bull run. But history shows that market leaders of one era almost… Source link

Tesla stock woes have caught the attention of one noted Wall Street bear on the EV maker. Citi analyst Itay Michaeli upgraded his rating on Tesla to Neutral from Sell on Wednesday, viewing the company losing more than $600 billion in market cap from November 2021 highs as nearing overdone. “We believe the year-to-date pullback has balanced out the near-term risk/reward,” Michaeli wrote in a note to clients. The analyst served up several reasons for the valuation-based upgrade. “(1) With the… Source link

(Bloomberg) — Stocks in Europe pared gains and US futures turned lower as a rout in Chinese shares weighed on global equities. Treasury yields fell and the dollar gained. Most Read from Bloomberg The Stoxx Europe 600 Index held an advance of about 0.6% after rising as much as 1.4% at the open. Prosus NV slumped more than 11%, while basic resources and energy stocks weighed on the benchmark amid a fall in crude oil and gas prices. Contracts on the S&P 500 and Nasdaq 100 fluctuated before… Source link

(Reuters) -BlackRock Inc posted a smaller-than-expected drop in quarterly profit on Thursday as strong demand for exchange-traded funds and other low-risk products cushioned the hit to fee income from a global market rout. The threat of a recession, rapidly rising interest rates and the Ukraine crisis have slammed both bonds and stocks this year, keeping investors on the back foot in a blow to businesses such as BlackRock. The company’s assets under management (AUM) dropped 16% year-on-year to… Source link

Stephen F. Austin delivered the biggest blowout of the 2022 college football season on Saturday night. The Lumberjacks defeated the Warner Royals 98-0 in a game that was a rout before the first quarter was even over. Stephen F. Austin had 35 points after the first quarter and led 59-0 at halftime. Stephen F. Austin competes at the NCAA’s second-tier FCS level. Warner University, located in Lake Wales, Florida, is an NAIA school and plays three levels lower than the Lumberjacks. SFA had eight… Source link

(Bloomberg) — A “recession shock” begins for markets following the worst first-half for the S&P 500 in more than 50 years, Bank of America Corp.’s Chief Investment Strategist Michael Hartnett says. Most Read from Bloomberg While expectations of aggressive rate hikes by the Federal Reserve are peaking, inflation expectations are not, and Bofa’s bull and bear indicator remains at “maximum bearish” for a third week in a row, Hartnett wrote in a note. Both stocks and bonds were rocked… 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 Tuesday, May 17, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter Stocks have had a rough start to 2022. The S&P 500 has tumbled about 16% so far this year to come within striking distance of a bear market. The Nasdaq Composite has plunged an even more pronounced 25%. And even the Dow Jones… Source link

Bitcoin continues to fall, extending its losses from the past week. The largest cryptocurrency by market value dropped 4% in the last 24 hours, according to CoinGecko, breaching a key support level and hitting a daily low of $34,406. It’s currently trading at around $34,519, down 9% in the last seven days and down 40% year to date. Ether, the second-largest, is also in the red, down 6% in the last day and down 7.4% in the last week. Overall, the cryptocurrency market is taking a hit, down 4.2%… Source link