Tag Archives: Stocks

E-commerce giant Alibaba (BABA) and other Chinese stocks rallied at the open on Wednesday amid easing regulatory concerns. Ant Group, an affiliate of Alibaba, received approval from regulators to raise $1.5 billion for its consumer finance unit. The move would make it easier for the fintech giant, of which Alibaba owns 33%, to restart any efforts towards a public offering. Plans for an Ant Group IPO were squashed by regulators in 2020. The fintech company operates one of China’s prominent… Source link

U.S. stocks closed with losses Tuesday as last year’s selling pressures poured over into a busy first trading week of 2023. The S&P 500 (^GSPC) dropped 0.4%, while the technology-heavy Nasdaq Composite (^IXIC) fell 0.8%. The Dow Jones Industrial Average (^DJI) capped the session just below breakeven. Apple (AAPL) shares sank 3.7% on Tuesday to the lowest level since June 2021, bringing the company’s market capitalization below $2 trillion — a symbolic milestone for the tech stock rout that… 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, January 3, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. After a brutal 2022, investors are thrilled to see the calendar flip over to 2023. The S&P 500 suffered its worst year since… 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, January 3, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. Read this and more market news on the go with the Yahoo Finance App. After a brutal 2022, investors are thrilled to see the calendar flip over to 2023. The S&P 500 suffered its worst year since… 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, January 2, 2023 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. Yes, markets are closed today. So you are probably wondering why I’m delivering a Morning Brief newsletter directly to… Source link

Chinese stocks listed in the U.S. were mostly higher on Tuesday amid optimism around Beijing’s decision to drop COVID-19 quarantine rules for inbound visitors, as the world’s second-largest economy abandons its long-held “COVID Zero” policy. But the slide in shares of EV makers like Tesla (TSLA) and a drop in Apple (AAPL) stock shows the all-clear hasn’t yet been given on negative impacts from the Chinese economy. And this divided reaction on Chinese stocks shows investors both holding out… Source link

U.S. stocks rallied Wednesday as strong earnings from Nike and FedEx, along with upbeat consumer confidence data, lifted sentiment after a recent bout of selling. The S&P 500 (^GSPC) surged 1.5%, while the Dow Jones Industrial Average (^DJI) jumped more than 500 points, or 1.6%. The technology-heavy Nasdaq Composite (^IXIC) also advanced 1.5%. An upbeat gauge of consumer confidence helped raise the mood on Wednesday. The Conference Board’s Consumer Confidence Index rose to 108.3 this month… Source link

U.S. stocks turned higher in volatile trading Tuesday as investors attempted to thwart losses from stretching into a fifth day. A hawkish move by the Bank of Japan to adjust the cap on its 10-year government bond yield rattled markets in early trading, with investors worried aggressive monetary tightening by central banks around the world may cause a global recession. Last week, the U.S. Federal Reserve, European Central Bank, and others raised interest rates. The S&P 500 (^GSPC) inched up… Source link

Sundry Photography This year has been mainly unkind to investors, despite some successes. All three indices have experienced bear markets, and tech has borne the brunt after flying high in 2020 and 2021. Data by YCharts However, we don’t invest in year-to-date returns. Would it surprise you that the Nasdaq (QQQ) has outperformed the S&P 500 (SPY) and Dow Jones Industrial Average (DJI) over the last three years, five years, and ten years? It has, as shown below. Data by YCharts I know you’re… Source link

Wall Street analysts aren’t expecting S&P 500 companies to blow the doors off with their fourth quarter earnings reports when they begin to trickle out in January. Actually, quite the contrary, as sluggish economic growth, rising interest rates, and stubborn inflation has strategists cautious about the stock market in 2023. Fourth quarter earnings for S&P 500 companies are seen dropping 2.8%, according to fresh data from FactSet. If that turns out to be correct, it would mark the first… Source link