Tag Archives: Stock

(Bloomberg) — The stock market has staged a ferocious rebound in the past week after almost falling into a bear market. Don’t get too excited about that, says Victoria Greene, founding partner and chief investment officer at G Squared Private Wealth. Most Read from Bloomberg Greene joined this week’s “What Goes Up” podcast to talk about why she doesn’t think the selling is over, and to give her perspective on the outlook for oil and energy stocks. Below are lightly edited and… Source link

Maja Hitij/Getty Images A Twitter investor is suing Elon Musk for market manipulation for his tweets about the buy being “on hold.” The complaint was filed in California on Wednesday. “Just because your name is Business Insider Trading doesn’t mean you should project that on others!” Musk told Insider in an email. A Twitter shareholder is suing Elon Musk and Twitter over Musk’s tweets following his agreement to buy the company last month. The proposed class-action suit, filed in a federal… Source link

U.S. stock futures advanced in pre-market trading Thursday as markets attempted a comeback from steep selling in equities on the heels of disappointing outlooks from some major companies. Futures tied to the S&P 500 climbed 0.5%, and contracts on the Dow Jones Industrial Average gained 160 points, or 0.5%. Nasdaq futures also edged higher, up 0.3% as the index clawed back from losses spurred by recent pressure in the technology sector. The moves follow a brief reprieve for equities, which… Source link

Wendy’s (WEN) is continuing its stock surge as investors mull a possible takeover deal. On Wednesday, the fast food giant jumped in pre-market trading, climbing as much as 15%, after its largest shareholder Trian Fund Management announced that it will be exploring a potential acquisition. The company continued to soar after the bell, gaining 8.1% at the open — its biggest gain since June 8. Shares remained in the green throughout the morning session, up about 10% in early afternoon trading. Source link

The tail end of first quarter earnings season has brought two clear investor desires — more cash and less inventory — to the fore. Tech companies are scrambling to gather the former while retailers are stuck with too much of the latter. And in their own way, each industry is telling the market that a paradigm shift brought on during the pandemic has turned into a passing phase of this economic cycle. Dick’s Sporting Goods (DKS) became the latest retailer to report bloated inventories on… Source link

U.S. stock futures traded lower Wednesday morning, as investors looked to shake off the latest wave of selling sparked amid growing concerns about the impact of inflation on company profits and the broader economy. Traders also awaited the Federal Reserve’s meeting minutes later in the day, which may help further clarify the path of monetary policy in the near-term. Contracts on the S&P 500 edged lower, steadying after Tuesday’s renewed rout. Dow and Nasdaq futures were each also off slightly… Source link

(Bloomberg) — Snap Inc. plunged 43%, posting its biggest-ever one-day drop and dragging down social media peers, after the company cut its revenue and profit forecasts, blaming the weaker economic outlook for a sudden slowdown of its advertising business. Most Read from Bloomberg “We continue to face rising inflation and interest rates, supply chain shortages and labor disruptions, platform policy changes, the impact of the war in Ukraine, and more,” Chief Executive Officer Evan Spiegel… Source link

  U.S. stocks stumbled Tuesday morning, placing the S&P 500 back on track toward a bear market as a streak of sharp selling resumed on Wall Street. The S&P 500 fell 1%, and the Dow Jones Industrial Average shed 160 points, or 0.5%. The Nasdaq Composite declined 1.7% amid renewed pressure in technology on the heels of a disappointing outlook from social media platform Snap (SNAP) that sent shares of the company down 30%. The moves extend a streak of sharp gyrations in equities following a brief… 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 24, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter The stock market isn’t trading like it’s expecting the Federal Reserve will swoop in to save it. The S&P 500 has tumbled by more than 17% from a January record high through Monday’s close. The index has posted monthly losses each… Source link

U.S. stock futures rose Monday morning, with equities coming off a seven-week losing streak on more solid footing as investors shook off some recent volatility and digested fresh trade-related remarks from the Biden administration. Contracts on the S&P 500 gained more than 1% in early trading. The index had closed out Friday’s session flat on the day but down 18.7% from its Jan. 5 record closing high to come within striking distance of a bear market, defined once an index closes at least 20%… Source link