Tag Archives: slide

Stock futures were lower early Friday, continuing the downward momentum seen during Thursday’s deep sell-off. Near 7:45 a.m. ET, futures tied to the Dow and S&P 500 were off about 1%, while Nasdaq futures were down 0.7%. After rebounding earlier this week, the stock market is on pace to log weekly losses again after last week saw the S&P 500 suffer its worst weekly loss since late September. The price of crude oil was also under pressure early Friday, with WTI futures down over 2% to trade near… Source link

U.S. stocks sank Friday morning after stronger-than-expected jobs data had investors recalibrate expectations around when the Federal Reserve will pause its rate-hiking campaign. The Labor Department’s monthly jobs report for November showed payrolls grew by 263,000, higher than estimated, while unemployment held at 3.7%. Bloomberg expected a print of 200,000 for the month. The S&P 500 (^GSPC) tumbled 1.4%, while the Dow Jones Industrial Average (^DJI) fell by 1.1%, or nearly 400 points. The… Source link

U.S. stocks descended Monday morning as unrest in China over the nation’s restrictive COVID controls weighed on global sentiment and Wall Street returned from a holiday weekend. The S&P 500 (^GSPC) sank 0.6%, while the Dow Jones Industrial Average (^DJI) fell 100 points, or 0.3%. The tchnology-heavy Nasdaq Composite (^IXIC) was off by 0.6%. The moves come after an up week of modest gains for stocks. The S&P 500 rose 1.5%, the Dow 1.8%, and the Nasdaq Composite 0.7% over the three and a… Source link

Ford (F) shares fell after reporting Q3 earnings that beat on the top line and re-affirming the bottom end of its full-year profit forecast, though the automaker took a big impairment from its Argo AI investment. For the quarter, Ford reported: Ford said it would be taking a $2.7 billion non-cash, pretax impairment on its investment in Argo AI, which TechCrunch reported would be shutting down, with engineers and other employees being absorbed by Ford and its Argo AI partner, Volkswagen. “In the… Source link

Key Takeaways Analysts estimate EPS of $1.25 vs. $1.40 in Q3 FY 2021. Google Cloud revenue is expected to rise year over year but at the slowest pace in at least four years. Revenue is expected to rise but at a slower pace compared to recent quarters. Alphabet (Google) Inc. (GOOGL), the third-largest tech company by market capitalization, will probably report a third straight quarter of earnings declines and slowing revenue growth for the third quarter of 2023 amid a challenging ad… Source link

U.S. stocks sank Thursday following a rebound rally in the prior trading session that helped all three major averages log gains of well above 1%. The S&P 500 tumbled 0.8% at the start of trading, while the Dow Jones Industrial Average slid 220 points, or about 0.7%. The technology-heavy Nasdaq Composite led the way down — declining about 0.8%. On Wednesday, the S&P 500 surged 1.8%, the Dow Jones Industrial Average about 1.4%, and the Nasdaq Composite 2.1% – snapping a seven-day streak of… Source link

U.S. stocks fell sharply on Friday, surrendering all of the gains from a post-jobs report rally ahead of the Labor Day holiday weekend. The S&P 500 shed 1.1%, while the Dow Jones Industrial Average fell by the same margin, or about 340 points. The tech-heavy Nasdaq logged the biggest slide of the major averages, capping the session down 1.3%. The losses came after a rally earlier in the day suggested some investor optimism that a more modest 0.50% interest rate hike could be coming from the… Source link

Don’t miss CoinDesk’s Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12. Hong Kong-listed software firm Meitu (1357) likely lost RMB 274.9 million to RMB 349.9 million ($41.1 million to $52.3 million) in the first half of 2022, mostly due to a fall in the value of its crypto holdings. The firm’s losses almost doubled, a 99.6% to 154.1% increase, compared to the same period last year, it said in a filing with the Hong Kong Stock… Source link

U.S. stock futures fell Thursday morning as investors weighed the potential economic costs of the Federal Reserve’s ongoing fight with inflation. Contracts on the S&P 500 fell by more than 2% in early trading, reversing course after rising 1.5% on Wednesday. Contracts on the Nasdaq declined by more than 2.5%, and Dow futures sank by more than 500 points, or 1.8%. The 10-year Treasury yield rose to about 3.44%, hovering near its highest level since 2011. Stocks, which moved initially to the… Source link

U.S. stock futures traded sharply lower Monday morning, with traders betting a fresh decades-high print on inflation will force the Federal Reserve to get even more aggressive than previously anticipated to help ease rising prices. Contracts on the S&P 500 and Nasdaq 100 slid more than 2% and touched the lowest levels since November 2020 during the overnight session. Dow futures sank by more than 500 points, or about 1.7%. Treasury yields rose across the curve, and the benchmark 10-year yield… Source link