Tag Archives: Stock

U.S. stocks finished uninspiring session mixed on Monday as investors kick off the busiest week of the year for corporate earnings and economic data. When the closing bell rang, the S&P 500 was up 0.1%, the Dow gained 0.3%, and the tech-heavy Nasdaq was the laggard, falling some 0.4%. Last week, all three major indexes logged weekly advances with the S&P 500’s advance since mid-June lows coming in at about 8%. The Nasdaq has gained over 10% during this period. In the coming days, quarterly… Source link

Investors have breathed a sigh of relief up to this point in July as worst-case scenarios for the economy have failed to materialize. The Nasdaq Composite and S&P 500 are up an impressive 7.5% and 4.8%, respectively, so far this month. Shares of meme stock darlings GameStop and AMC have jumped 17% and 14.5%, respectively, as traders embrace the risk-on backdrop. Even 2022 laggard Netflix has seen its stock rise 25% month to date, even after another lackluster earnings report on July 19. Pros… Source link

Recession calls are growing by the day, but the stock market remains wary of fully pricing in this scenario for the economy. Despite enduring the worst start to a year since 1970, the benchmark S&P 500 (^GSPC) is still trading 13% above a widely-cited recessionary target of 3,400, which would mark a ~29% decline from the record high reached on January 3, 2022. In the average recession since World War II, the S&P 500 has dropped 31%. “Investors and business managers alike tend to play the hand… Source link

U.S. stock futures pointed to gains early Tuesday as investors geared up for another round of corporate earnings. Contracts on the benchmark S&P 500 index climbed 0.8% while futures tied to the Dow Jones Industrial Average added 200 points, or roughly 0.6%. Nasdaq futures rose 0.9%. Tuesday’s moves come after a rally in the previous session was reversed in the final hour of trading amid a report from Bloomberg News that indicated Apple (AAPL) plans to slow hiring and curb spending next year… Source link

Alphabet (GOOGL) split its two classes of shares (GOOG) by a 20-to-1 margin, a move that reduced the price of one share from just over $2,200 on Friday to about $112 on Monday. The stock split doesn’t change Alphabet’s market capitalization. The company is still worth about $1.5 trillion, making it one of the most valuable firms on the planet. But the split has two potential benefits. First, it may make Alphabet shares more enticing for everyday investors. Second, it increases the odds that… Source link

U.S. stock futures pointed to deeper losses at Thursday’s open as investors reeled from shock inflation data that renewed worries over aggressive central bank action and awaited earnings from the biggest financial institutions on Wall Street. Futures tied the S&P 500 dropped 1.4% in pre-market trading, and the Dow Jones Industrial Average shed 470 points, or 1.5%. Contracts on the tech-heavy Nasdaq fell 1%. The moves come after all three major indexes tumbled Wednesday following fresh CPI… Source link

For the second time in its history Google’s parent company, Alphabet (GOOGL) (GOOG), is set to split its stock for the second time in its history.  The 20-for-1 split means Alphabet investors will receive an additional 19 shares for each one they already own. It will be the company’s first stock split since April 2014, when it split its shares 1,998-for-1,000. Google Stock Split Date The Google stock split is set to take place after the market’s close on July 15. Alphabet’s Stock… Source link

BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy. “Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note… Source link

Elon Musk on Friday announced he was backing out of his $44 billion Twitter acquisition bid, blaming the social media platform’s alleged lack of transparency regarding bots on the site. As both sides prepare for a lengthy court battle, some Twitter influencers are floating an alternate theory for the change of heart: The bots were never the problem, merely a vehicle through which to covertly sell Tesla options that were about to expire. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5… Source link

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Yandex (NASDAQ:YNDX – Get Rating) by 7.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 112,242 shares of the information services provider’s stock after purchasing an additional 7,721 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yandex were worth $1,698,000 as of its most recent SEC filing. A number of other hedge funds have… Source link