Tag Archives: Stocks

U.S. stocks turned lower Tuesday, extending a rout spurred by fears of sustained monetary tightening by the Federal Reserve to combat inflation. The S&P 500 tumbled 0.7% after climbing at the start of trading, deepening its losses after the benchmark index plunged roughly 4% across back-to-back losing days. The Dow Jones Industrial Average shed 175 points, or about 0.6%, and the technology-heavy Nasdaq Composite fell 0.7%. The moves came after a batch of upbeat economic data on the labor… Source link

U.S. stock futures sank lower to start the week, extending a sell-off that began Friday after a hawkish speech by Fed Chair Jerome Powell at the central bank’s gathering in Jackson Hole. Futures tied to the S&P 500 tumbled 0.9%, and futures on the Dow Jones Industrial Average fell by roughly the same margin, or 290 points. Contracts on the tech-heavy Nasdaq Composite shed 1.2%. Meanwhile in the bond market, the benchmark 10-year Treasury note surged above 3%, and the 2-year Treasury yield… Source link

U.S. stocks struggled for direction at Wednesday’s open as investors awaited clarity from Federal Reserve policymakers on their monetary tightening plans against a backdrop of downbeat economic data. The S&P 500 was just below breakeven at the start of trading after the benchmark index fell for three straight sessions. The Dow Jones Industrial Average slipped 50 points, or roughly 0.2%, while the Nasdaq Composite was flat. Peloton (PTON) shares surged as much 13% in after the company said it… Source link

Clean energy related stocks have been the clear winners of the Inflation Reduction Act (IRA). Solar panel makers, fuel cell manufacturers and energy storage companies all stand to benefit from the measure. Solar and wind energy stocks have been rallying since the bill was announced in late July. A large number of these equities are up double digit percentages year-to-date. They have far outperformed the broader markets. The IRA focuses on providing production tax credits for companies to… Source link

Stocks were mixed near noon on Tuesday with results out of Walmart and a resurgence in the meme stock rally taking centerstage. Near 11:30 a.m. ET, the S&P 500 was up 0.1%, the Dow was up 0.6%, and the Nasdaq was down 0.3%. Earlier in the session, the S&P 500 and Nasdaq had traded in red figures, with the Nasdaq off more than 1.1% at session lows. Around 11:20 a.m. ET, shares of Bed, Bath & Beyond (BBBY) were halted at least twice for volatility after gaining more than 70% on the day. GameStop… Source link

U.S. stocks soared Friday as a rally fueled by lighter-than-expected inflation data this week helped equity markets log their longest winning streak since November 2021. Tech stocks again led gains, with the Nasdaq up 2.1% and closing above 13,000 for the first time since April 25. The S&P 500 jumped 1.7% as the benchmark index registered a fourth-straight weekly gain, and the Dow Jones Industrial Average surged 420 points, or roughly 1.3%. Apple (AAPL) shares gained 2% following a Bloomberg… Source link

Inflation has been making headlines all year, and rightly so; it’s at 40-year high levels, driven by sharp increases in the prices of gasoline and diesel fuels. But oil and its various refined products have come down in recent weeks, and so – the July inflation numbers weren’t as bad as had been feared. The overall year-over-year price increase for the month came to 8.5%, still awful, but less than the 8.7% economists had been predicting. Markets these days are rallying in… Source link

Gas prices in the U.S. fell below $4 dollar per gallon for the first time since March, leaving Americans with more money to satisfy fast food cravings. “Never short the American appetite,” Citi Research U.S. Restaurant and Leisure Analyst Jon Tower, told Yahoo Finance (video above), adding that certain restaurant brands are now in a sweet spot to serve up returns for investors. Tower’s top picks include: YUM! Brands (YUM), Domino’s (DPZ) and Wingstop (WING). At the peak of higher gas prices in… Source link

Stay away from battered semiconductor stocks for the time being, according to Citi analyst Chris Danely. “We believe negative catalysts will now outnumber positive catalysts given upcoming PC data points and monthly Taiwan sales figures,” Danely wrote in a fresh note to clients. “We also expect negative data points in September in broader semis as the correction continues.” The analyst removed his short-term bullish calls on chip makers NXP Semiconductor and ON Semiconductor. His top pick… Source link

Stocks rallied Wednesday as Wall Street breathed a sigh of relief over a lower-than-expected CPI reading for July that showed inflation eased to an annual 8.5% last month. The benchmark S&P 500 jumped 2.1% while the Dow Jones Industrial Average gained 535 points, or about 1.6%, and the tech-heavy Nasdaq Composite surged 2.9%. July’s CPI report showed prices moderated last month, edging lower for the first time since early 2021 in a hopeful sign for investors that Federal Reserve officials may… Source link