Tag Archives: sink

[unable to retrieve full-text content]Stock market today: Dow futures sink over 250 points, yields rise to 2024 highs  Yahoo Finance Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal amounts to roughly $30 billion. It’s unclear how he would… Source link

Paramount Global (PARA) shares skyrocketed more than 10% in early trading on Wednesday after Bloomberg reported media mogul Byron Allen made a $14.3 billion bid to buy all of Paramount’s outstanding shares. According to the report, Allen offered $28.58 each for the company’s voting shares, marking a 50% premium compared to recent trading levels, and $21.53 for non-voting shares. Including existing debt, the total value of the deal mounts to roughly $30 billion. It’s unclear how he would… Source link

[unable to retrieve full-text content]Stock market news today: Nasdaq, S&P 500 sink with earnings in driver’s seat  Yahoo Finance Source link

U.S. stocks closed with losses Tuesday as last year’s selling pressures poured over into a busy first trading week of 2023. The S&P 500 (^GSPC) dropped 0.4%, while the technology-heavy Nasdaq Composite (^IXIC) fell 0.8%. The Dow Jones Industrial Average (^DJI) capped the session just below breakeven. Apple (AAPL) shares sank 3.7% on Tuesday to the lowest level since June 2021, bringing the company’s market capitalization below $2 trillion — a symbolic milestone for the tech stock rout that… Source link

U.S. stocks fell in volatile trading Wednesday after the Federal Reserve delivered its seventh and final interest rate increase of 2022 and Chair Jerome Powell asserted in hawkish remarks that further tightening is underway. The central bank lifted its key policy rate by half a percentage point, slowing the pace from hikes of 75 basis points across the prior four meetings. The move brings the federal funds rate to a new range of 4.25% to 4.5%, the highest level since December 2007. The S&P 500… Source link

U.S. stock futures fell Thursday after inflation data showed that consumer prices climbed more quickly than expected. S&P 500 futures (^GSPC) fell 1.54% while futures on the Dow Jones Industrial Average (^DJI) ticked down 1.10%. The technology-heavy Nasdaq Composite (^IXIC) down by 2.50%. The 10-year treasury yield were back above 4%. The Bureau of Labor Statistics released its Consumer Price Index (CPI) for September early Thursday, which showed prices rose 8.2% over the prior year and 0.4%… Source link

(Bloomberg) — US stocks turned sharply lower in late trading after comments by the Bank of England chief on removing market support rattled investor sentiment. Benchmark Treasury yields rose and the dollar gained. Most Read from Bloomberg The S&P 500 slid amid renewed selling in tech shares that sent the Nasdaq 100 down more than 1%. Long-end Treasuries bore the brunt of losses and the pound tumbled after BOE Governor Andrew Bailey urged investors to finish winding up positions that they… Source link

(Bloomberg) — Ray Dalio came out with a gloomy prediction for stocks and the economy after a hotter-than-expected inflation print rattled financial markets around the globe this week. Most Read from Bloomberg “It looks like interest rates will have to rise a lot (toward the higher end of the 4.5% to 6% range),” the billionaire founder of Bridgewater Associates LP wrote in a LinkedIn article dated Tuesday. “This will bring private sector credit growth down, which will bring private… Source link

U.S. stock futures sank lower to start the week, extending a sell-off that began Friday after a hawkish speech by Fed Chair Jerome Powell at the central bank’s gathering in Jackson Hole. Futures tied to the S&P 500 tumbled 0.9%, and futures on the Dow Jones Industrial Average fell by roughly the same margin, or 290 points. Contracts on the tech-heavy Nasdaq Composite shed 1.2%. Meanwhile in the bond market, the benchmark 10-year Treasury note surged above 3%, and the 2-year Treasury yield… Source link