Tag Archives: Stock

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 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. So I am carrying my inflationary bag of groceries up the stairs on Sunday, trying to decompress for at least seven minutes, when I suddenly hear a neighbor call out: “Hey Sozzi, saw you on TV again. Has the… Source link

(Bloomberg) — The week is ending on a higher note for Big Tech on hopes a relentless selloff may be nearing exhaustion. But Friday’s rally can’t completely wipe out a sobering signal from Apple Inc. shares. Most Read from Bloomberg After acting as a ballast for the broader market for most of the year, the stock broke down this week, with losses through Thursday exceeding 9%. Even after Friday’s rebound, Apple is now underperforming the S&P 500 for the year. And this, analysts say, is… Source link

U.S. stock futures gained Friday morning, though the major indexes are still headed for losses for the week after concerns over persistent inflation and the resilience of the U.S. economy stirred up further volatility in recent sessions. Contracts on the S&P 500 and Nasdaq rose more than 1%, and Dow futures added more than 200 points during the pre-market sessions. The sharp move higher came after Federal Reserve Chair Jerome Powell reaffirmed in an interview with Marketplace public radio on… Source link

U.S. stock futures edged slightly higher ahead of overnight trading Wednesday following another down day in markets as investors digested inflation data that showed price levels remained elevated in April. Futures tied to the S&P 500 rose 0.3% after the index settled at 3,935.18, or its lowest level since March 2021. The S&P 500 is down more than 17% in the first 90 trading days of 2022, marking its second worst start to a year, according to data from Compound Capital Advisors. Contracts on… Source link

Subscribe Wednesday, May 11, 2022 Today’s newsletter is by Emily McCormick, a reporter for Yahoo Finance. Follow her on Twitter As volatility grips markets, investors are naturally wondering when the selling will abate and the bottom will be put in. According to a number of pundits, the answer is probably not quite yet. Stocks have fallen sharply for the year-to-date and in the past several weeks especially. The S&P 500 has tumbled 16% so far in 2022, and by a slightly more pronounced 16.6% from… Source link

U.S. stock futures opened flat Tuesday evening, as investors looked ahead to a key report on the state of inflation in the U.S. to help clarify the path forward for monetary policy. A key datapoint due for release Wednesday morning will be the Labor Department’s April Consumer Price Index (CPI), offering an update on price increases across the U.S. economy. Economists expect the report will show some deceleration in inflation rates and confirm that March was the peak for price gains this… Source link

U.S. stock futures fell Monday morning to extend last week’s losses, as investors looked ahead to more data this week on inflation and earnings to gauge the strength of the economy and corporate profits as the Federal Reserve continues to tighten monetary policy. Contracts on the S&P 500 dropped more than 2% before market open. This added to losses after the index posted a fifth straight weekly decline last week. Nasdaq futures sank by another 2.7% during pre-market trading, and Dow futures… 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

(Bloomberg) — Shopify Inc.’s president appealed to investors to focus on the company’s growing customer base as the stock dropped again Friday to a fresh two-year low. Most Read from Bloomberg The Canadian firm’s shares have plunged 21% since it disclosed first-quarter profit on Thursday morning that fell far short of analysts’ estimates. Shopify is navigating a “rebalancing” in retail that has seen shoppers head back to physical stores now that the Covid-19 crisis is easing,… Source link

The Fed may no longer be a friend of investors, pros say, and that could be a major headwind to stocks in the near-term. “What’s dangerous about yesterday’s huge market slump is that there must be an element of doubting the ability of there to be an effective ‘Fed Put’ in this cycle following a 30-40 year period where the central bank has almost always been able to come to the market’s rescue,” Deutsche Bank strategist Jim Reid said. The Dow Jones Industrial Average plunged 1,120 points on… Source link