Tag Archives: Stocks

Netflix (NFLX) earnings are set for release on Thursday, kicking off two-week period during which most of the market’s biggest tech companies will report their quarterly results. And according to Wedbush analyst Dan Ives, investors are focused on three big questions ahead of these results. First, a key focus will be on whether enterprise spending is holding up better than feared. Over the past decade, there’s been a rapid adoption of cloud services, with this trend accelerating during the… Source link

U.S. stocks fell in early-morning trading amid key earnings reports from financial heavyweights. The S&P 500 (^GSPC) was down 0.8%, while the Dow Jones Industrial Average (^DJI) was off by 0.6%. The technology-heavy Nasdaq Composite (^IXIC) declined by roughly 0.8%. The yield on the benchmark 10-year U.S. Treasury ticked up slightly to 3.47%. The dollar index ticked up 0.21% to $102.21. Stocks pared early losses after the U.S. Michigan consumer sentiment survey for January rose to a nine-month… Source link

Disney (DIS) Tokyo, Japan – December 14, 2012: Minnie Mouse in the red coat waving her hand in daytime Parade at Tokyo-Disneyland, Tokyo, Japan. Shares of media giant Disney rose in after hours following the announcement of Mark Parker as chairman of the board. Parker has been executive chairman of Nike and has been a member of the board of Disney for the last seven years. Share of Nike stayed flat in after-hours. Parker will succeed Susan Arnold, who will not stand for re-election due to the… Source link

U.S. stocks ascended Wednesday as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.9%, while the Dow Jones Industrial Average (^DJI) added nearly 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) advanced 1.2%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC) was among… Source link

Analysts at Bank of America raised their rating on shares of three homebuilder stocks in a note out on Wednesday amid expectations mortgage rates will drop, materials costs will fall, and home prices will avoid a crash in 2023. In a new note to clients, Rafe Jadrosich at Bank of America Global Research upgraded shares of Lennar (LEN) to Neutral from Underperform with a price target of $102, up from $92, while raising shares of PulteGroup (PHM) to Buy from Neutral with a price target of $60,… Source link

U.S. stocks ascended at Wednesday’s open as Wall Street counted down to a crucial inflation reading and big bank earnings later this week. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) also advanced by roughly 0.4%. U.S. Treasury yields pared their move higher from the previous session, with the benchmark 10-year note falling below 3.6%. The U.S. dollar index also retreated. Wells Fargo (WFC)… Source link

Wells Fargo (WFC) Wells Fargo announced it will create a more focused home lending business. The bank’s move comes amid with a stagnant housing market. Mortgage rates above 6.5% have put a damper on lending for property purchases and refinance agreements. Home mortgages is an industry in which Wells Fargo has been a dominant player. “Mortgage is an important relationship product, and our goal is to continue to be the primary mortgage lender to Wells Fargo bank customers as well as minority… Source link

Jaw-dropping layoff announcements from giant tech names Amazon (AMZN) and Salesforce (CRM) to kick off 2023 may not make their battered stocks great buys just yet. “I think we go through this round of quarterly earnings reports and hopefully companies guide very ugly because it’s in their benefit to do so for next year,” veteran tech watcher Paul Meeks explained on Yahoo Finance Live (video above). “So they announce their blood-letting, whether it being operational costs including trimming… Source link

U.S. stocks rose Wednesday after back-and-forth trading as investors weighed a batch of economic data and minutes from the Federal Reserve’s December policy meeting. The S&P 500 (^GSPC) gained 0.8% in a volatile session, while the Dow Jones Industrial Average (^DJI) added 130 points, or 0.4%. The technology-heavy Nasdaq Composite (^IXIC) advanced 0.7%. A readout of discussions from the U.S. central bank’s December gathering indicated Fed officials were reticent an “unwarranted” easing of… Source link

U.S. stocks lost their footing Wednesday after economic data showed higher-than-expected job openings and a contraction in manufacturing activity. Investors also await minutes from the central bank’s December policy meeting for clues on its next rate decision. The S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) hovered around the flatline as of 10:35 a.m. ET, while the technology-heavy Nasdaq Composite (^IXIC) dropped 0.3%. The latest Job Openings and Labor Turnover Survey, or JOLTS, Source link