Tag Archives: Stock

Stock futures steadied Thursday evening after a rally on Wall Street, with the three major U.S. stock indexes closing sharply higher as investors further mulled the path forward for interest rates and a host new sanctions against Russia. Contracts on the S&P 500 hugged the flat line. The S&P 500, Dow and Nasdaq each closed out Thursday’s regular session higher by more than 1%. Despite some losses earlier this week, the S&P 500 and Nasdaq headed for a second straight week of gains, if levels… Source link

U.S. equity futures were little changed in extended trading Wednesday after stocks retreated from a mini-comeback to resume losses in the trading session as investors continued to juggle a number of risks, including the Federal Reserve’s inflation flight and Russia’s war in Ukraine. Contracts on Wall Street’s main benchmarks hovered around breakeven headed into overnight trading. Wednesday marked two years since the S&P 500 bottomed in the 2020 global stock market crash after the World… Source link

The reaction to a potential COVID-19 vaccine breakthrough for young children out of Moderna (MRNA) may have some traders scratching their heads. Shares of the biotech fell 3% on Wednesday on positive interim data released by Moderna for its coronavirus vaccine for children under six years old. Moderna said the shots were about 44% effective in preventing Omicron in children six months up to two years old. “We believe these latest results from the KidCOVE study are good news for parents of… Source link

Starbucks stock (SBUX) has fallen out of favor with investors. Shares of the coffee-selling powerhouse are down 20% in the past year, according to Yahoo Finance Plus data, badly lagging the S&P 500’s 14% gain. McCafé coffee seller McDonald’s has seen its stock rise 6% in the past year, while Restaurant Brands (which owns coffee chain Tim Horton’s) shares are down 10%. Jefferies analyst Andy Barish in a new note on Wednesday points to three things holding back shares of Starbucks. “The factors… Source link

Returns from stocks and bonds are likely to suffer in the long-term, CEO and CIO of Research Affiliates Chris Brightman told Yahoo Finance Live. “[Investors should expect] not just lower long-term returns from the bond market but lower long-term returns from the stock market as well,” Brightman told Yahoo Finance Live. “Remember, the stock market’s trading at near all-time highs in terms of prices relative to, say, cyclically adjusted earnings or extraordinarily low dividend yields. And… Source link

Stock futures opened slightly lower Tuesday evening after rising during the regular trading day, as investors contemplated the potential for the Federal Reserve to take an even more aggressive approach to reining in inflation. Contracts on the S&P 500 edged lower. The index rose more than 1% during Tuesday’s regular session after sliding on Monday. Technology stocks outperformed, and the Nasdaq Composite rose by nearly 2%. U.S. stocks rose for a fifth time in six sessions on Tuesday as… Source link

Affirm founder and CEO Max Levchin has a few things flowing in his veins. One, an admirable work ethic that sees him pushing his own physical boundaries each day. Think working to near exhaustion (yes, for real, as the stories on Levchin are told). And two, financial services — which perhaps harkens back to Levchin arriving to the United States in 1991 from Ukraine as a teenager in search of the American Dream, with little money at first. “I came to the U.S. as a teenager, I had no credit… Source link

U.S. equity futures ticked slightly higher heading into overnight trading Monday after hawkish remarks from Federal Reserve Chair Jerome Powell snapped last week’s winning streak on Wall Street. Contracts tied to the S&P 500, Dow Jones Industrial Average and Nasdaq Composite were just above breakeven in extended hours following a choppy session that saw all three indexes close lower to start the week. The Fed’s top leader reiterated in comments at the National Association for Business… 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 Monday, March 21, 2022 Today’s newsletter is by Brian Sozzi, editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Markets have rallied nicely off the early March lows that were triggered by the start of Russia’s war on Ukraine, but they are still dealing with a bout of depression. The percentage of… Source link

Warren Buffett is right to be devouring shares of oil giant Occidental Petroleum (OXY), says one long-time oil markets strategist. The billionaire investor’s Berkshire Hathaway (BRK-A, BRK-B) scooped up another 18.1 million shares of Occidental for close to $1 billion this week. The latest purchases come hot on the heels of Berkshire spending $6 billion or so in the prior two weeks to buy up Occidental shares. Berkshire now owns nearly 14.6% of Occidental Petroleum through his roughly 140… Source link