Tag Archives: Stock

U.S. stock futures opened little changed Thursday evening after a sharp sell-off on Wall Street, as concerns over the Federal Reserve’s ability to bring down inflation while maintaining solid economic activity resurged. Contracts on the S&P 500 drifted sideways. This came after the index shed 3.6% during the regular trading day, as technology stocks underperformed. The Nasdaq dropped 5% for its worst day since June 2020, and the Dow lost more than 1,000 points. Stocks’ violent swing from gains… 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 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him @SPYJared Powell & Co. did it. Stocks surged and settled higher after a hotly-anticipated Federal Reserve decision and presser leaned more dovish than hawkish. The big question for U.S. stock investors is how to play the market now. That question… Source link

U.S. stock futures opened slightly lower Wednesday evening after a rally on Wall Street, when many investors breathed a sigh of relief that the Federal Reserve was unlikely to raise interest rates even more aggressively in the coming months. Contracts on the S&P 500 dipped. Earlier, the blue-chip index posted it best single-session gain since May 2020, rising 2.99%. The Nasdaq Composite surged by 3.2%, and the Dow added more than 900 points, or 2.8%. The jump came in the wake of the Federal… Source link

Lyft (LYFT) stock is getting smoked in early trading Wednesday following an earnings report that beat estimates, but revealed that the company is pumping cash into adding more drivers to its platform. Shares of the ride-sharing service were off as much as 33% Wednesday morning. In the quarter, Lyft reported revenue of $875.6 million, beating Wall Street estimates of $844.5 million and losses per share of $0.57 versus expectations of $0.58. That’s not a bad quarter, especially considering the… Source link

Robinhood (HOOD) stock has been on a downtrend since its IPO in July of last year. The financial services company, which aims to “democratize finance for all,” also recently produced a lackluster earnings report for Q1 2022. Amid Robinhood’s financial woes, finance YouTube channel host and retail trader Matt Kohrs believes the outlook is bleak for the company’s stock. “At least from the retail trading community, which I’m happily a member of, I don’t really think the sentiment has… Source link

Stocks headed for losses in the first session of May following one of the worst monthly performances for the S&P 500 since the depths of the pandemic in 2020. Contracts on the S&P 500 turned lower, erasing overnight gains. Dow and Nasdaq futures also dipped into the red ahead of the opening bell. U.S. crude oil prices fell to hover above $101 per barrel, and the benchmark 10-year Treasury yield held above 2.9%, or near its highest level since December 2018. Investors this week are bracing for… Source link

Berkshire Hathaway Vice Chairman Charlie Munger did some kicking of a downed dog on Saturday. “Wasn’t that pretty obvious that something like that was going to happen?” Munger said during the Berkshire Hathaway annual shareholders meeting after bringing up Robinhood’s business troubles, later adding the company’s business model “was disgusting… God is getting just. … There’s been some justice.” A spokesperson for Robinhood didn’t immediately return Yahoo Finance’s request for… Source link

Even mega-cap tech giant Amazon couldn’t bear up against the macroeconomic headwinds that imperiled Corporate America last quarter. Shares of Amazon (AMZN) plunged 12% on Friday, marking the tech giant’s biggest intraday drop since July 14, according to Bloomberg data. The slide wiped $170 billion off the company’s market valuation and sent the stock to its lowest level since June 2020. The sell-off comes at the heels of a disappointing earnings report from Amazon that showed a loss of… Source link

U.S. stock futures opened sharply lower Thursday evening to give back gains after a regular-session rally, with a fresh set of mixed quarterly results from some major technology companies weighing on index futures. Contracts on the S&P 500, Dow and Nasdaq each declined. Shares of tech juggernaut Amazon slid in late trading after the company unexpectedly posted a quarterly loss and offered a weaker-than-expected current-quarter forecast. Apple’s stock also declined even after the iPhone-maker… Source link