Tag Archives: Stocks

U.S. stock futures opened slightly lower Monday evening after a whipsaw session in markets during the regular trading day, as investors appraised the next moves by the Federal Reserve and a fresh batch of quarterly earnings results. Contracts on the S&P 500 declined. During the regular trading day, technology stocks outperformed, leading the S&P 500 higher by 0.6%, and the Nasdaq up by 1.6%. And these moves in tech shares came even as the benchmark 10-year Treasury yield topped 3%, or its… Source link

It’s only three months into 2022, and some pure-play media companies are having a terrible year. How terrible? Losing-half-market-cap bad. Shares of Netflix are down a startling 67% year to date, pressured by another disappointing quarter for subscriber growth and a weak outlook. The streaming giant is now in cost-cutting mode — Meghan Markle’s animated series ‘Pearl’ is now off — in an effort to boost profits with its top line slowing. “Netflix is a growth company, but no longer a premium… Source link

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Microsoft, Alphabet report later in the day * GE down after it sees 2022 earnings at lower end of forecast * Tesla slides as Musk clinches deal to buy Twitter * Indexes down: Dow 1.56%, S&P 1.90%, Nasdaq 3.03% (Adds comment; updates prices, details) By Bansari Mayur Kamdar and Devik Jain April 26 (Reuters) – The tech-heavy Nasdaq led Wall Street lower on Tuesday with a 3% slump, as… Source link

(Bloomberg) — U.S. stocks rose as dip-buyers emerged ahead of a busy week for Big Tech earnings. Most Read from Bloomberg The S&P 500 gained in a choppy afternoon session, while the tech-heavy Nasdaq 100 climbed more than 1%. Twitter Inc. extended gains after billionaire entrepreneur Elon Musk agreed to buy the social networking platform. Alphabet Inc., Apple Inc., Amazon.com Inc. and Meta Platforms Inc. are all due to report. “This week may easily be a fork in the road of equities,” JC… Source link

One thing is clear in the current market conditions: it’s a time of transition. Over the past four months, the stock market has shifted from the bull run we saw in 2021 into a far more volatile state of affairs. The market dipped into correction territory in March, bounced back out in April, and now is heading down again. One result of this has been an increase in bond yields, as equities have dropped. And with the Federal Reserve embarking on a new round of interest rate hikes, that… Source link

(Bloomberg) — Fears about the economic toll of China’s strict Covid Zero policy intensified Monday, as news that lockdowns were spreading to Beijing sent stocks, commodities and the yuan tumbling. Most Read from Bloomberg The benchmark CSI 300 Index closed nearly 5% down to the lowest level since April 2020, wiping out gains from a sweeping March pledge by officials to support the economy. The onshore yuan slumped to its weakest level in 17 months on concerns about rising capital outflows… Source link

(Bloomberg) — As China’s markets gyrate following Covid outbreaks and Russia’s invasion of Ukraine, one of the nation’s best-performing macro hedge funds is bracing for more pain. Most Read from Bloomberg Shanghai Banxia Investment Management Center, which topped local rankings in 2020, has cut its stock exposure to zero in anticipation of a worsening economy and further declines in equities, founder Li Bei said. The fund, which manages more than 5 billion yuan ($785 million), has also… Source link

(Bloomberg) — Dreary headlines wash over investors every day — war in Ukraine, inflation, the unending spread of Covid-19, supply-chain troubles. All the gloom has market analysts downgrading prospects for U.S. growth and predicting a recession. Most Read from Bloomberg But what if their projections are overblown? Sylvia Jablonski, the chief executive officer, chief investment officer and co-founder of Defiance ETFs, joined the “What Goes Up” podcast to talk about why she’s optimistic… Source link

U.S. stocks fell sharply on Friday as investors weighed a bevy of corporate earnings and braced for more aggressive interest rate hikes from the Federal Reserve in coming months. The S&P 500 tumbled 1.9%, while the Dow Jones Industrial Average plunged 580 points, placing both major indexes at a five-week low. The tech-heavy Nasdaq Composite declined 1.9%. Meanwhile, the 10-year U.S. Treasury yield remained at 2.9%, the highest level since December 2018. The losses follow remarks from Fed Chair… Source link

The rise in leisure and travel stocks highlights a shift in consumer spending from goods to services as the pandemic winds down. “We see signs of goods demand cooling, particularly in big ticket items, while services benefit from strong pent-up demand,” Savita Subramanian wrote in a recent BofA Global Research note. Case in point, airlines such as United (UAL) and American (AAL) predict reaching profitability amid strong demand. Luxury hotel operator Marriott International (MAR) has been… Source link