Tag Archives: Stocks

U.S. stocks rallied Friday to cap a four-day losing streak on Wall Street. Sentiment was buoyed by better-than-expected retail sales data and a surprise earnings beat from Citigroup (C). The S&P 500 surged 1.9%, while the Dow Jones Industrial Average added 657 points, or roughly 2.2%. The tech-heavy Nasdaq climbed 1.8%. Blowout second-quarter results from Citi lifted shares of banking industry peers to post the best intraday rally for the sector since May, according to Bloomberg data. The mega… Source link

U.S. stocks fell sharply Monday to start the week, led by losses in shares of technology companies as investors braced for the start of earnings season and fresh inflation data due out Wednesday. The Nasdaq Composite shed 2.3%, and the S&P 500 slid 1.2%. The Dow Jones Industrial Average dipped 160 points, or 0.5%. Monday’s moves follow an up week for stocks that saw all three benchmarks log weekly gains despite closing flat after Friday’s jobs report. Meanwhile, the euro fell closer toward… Source link

Stocks opened Friday’s trading session lower after the June jobs report topped expectations. The US economy created 372,000 jobs in June while the unemployment rate held steady at 3.6% last month, data published Friday morning showed. Following this report, stocks fell with the Nasdaq losing 1% at the market open, the benchmark S&P 500 down about 0.5%, and the Dow off around 0.2%. Treasury yields were higher following this report, with two-year yields rising to 3.13%, further inverting the… 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 Friday, July 8, 2022 Today’s newsletter is by Myles Udland, senior markets editor at Yahoo Finance. Follow him on Twitter @MylesUdland and on LinkedIn. One of the biggest bulls on Wall Street has finally pared back their optimism for the rest of this year. In a note to clients published Thursday, Oppenheimer Asset Management Chief Investment… Source link

Base metals rallied on Thursday, but their downward trend over the last several weeks has been flashing recessionary signals. Copper (HG=F) futures touched a 19-month low this week amid concerns of a recession. The metal used in everything from jewelry to motors and electrical wiring is down about 19% year to date. “Doctor” Copper is often used to gauge the overall health of the economy. “Weak commodity prices help ease inflation fears,” Fiona Cincotta, senior financial markets analyst at City… Source link

This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, July 6, 2022 The PC sales slump will hit chip makers too The red-hot pandemic-era PC market is finally cooling off, and that could spell trouble for everyone from PC makers like HP (HPQ) to chip manufacturers such as Intel (INTC) as shipments of devices collapse. The cause? You guessed… Source link

U.S. stocks pushed higher Wednesday afternoon to close out a choppy day in the green, though the risk of a recession remained top of mind for many investors. The S&P 500 rose for a third straight session, closing higher by 0.4% to end at 3,845.08. The Dow Jones Industrial Average gained 70 points, or 0.2%, to end at 31,037.68, and the Nasdaq Composite gained 0.4% to reach 11,361.85. The moves came after minutes from the Federal Reserve reaffirmed the central bank remained focused on tightening… Source link

The first half ended last week, and the S&P 500 is now firmly stuck in a bear. The rapid change from record high levels at the end of last year, to a 20%+ drop in these past six months has pummeled investors, who have had to cope with shrinking share values, increased volatility, and an unpredictable and risky equity environment. The most serious issue facing economists and traders right now is the possibility of recession in the near term. The US GDP contracted by 1.6% in Q1, and preliminary… Source link

Now that we’re into the third quarter, we’re stating to see the pundits sound off on what the Q2 economic data will show – and some of them are openly saying that second quarter GDP will record a contraction. Coming on the heels of the 1.6% contraction in Q1, this will put the US in a technical recession. Along with rising inflation and the Fed’s turn to higher rates and monetary tightening, this adds up a darkening economic picture. But Jim Cramer, the well-known host of CNBC’s… Source link

Here are 3 top stocks that insiders keep pouring millions into — following these ‘in-the-know’ bigwigs could be a sharp way to beat this nightmarish market Bear markets are noisy and volatile. It’s difficult for investors to cut through the noise, find the right signals and discover good opportunities. One of the clearest signals is insider trading activity. When the senior directors, founders, and large shareholders of a corporation buy or sell shares, it could be a signal of… Source link