Tag Archives: Stocks

Central bank jitters and intensifying geopolitical tensions have pummeled equity markets in recent weeks and sent the S&P 500 into correction territory Tuesday for the first time in two years. But despite a turbulent start to 2022, strong earnings momentum remains a tailwind for stocks. The S&P 500 Index is on pace to beat the consensus estimate for earnings per share at $208 as companies finish logging fourth-quarter results. The figure is 22% higher than the EPS of $170 analysts had… Source link

What happened As Ukraine declared a state of emergency in response to Russia’s deployment of troops, Russian stocks declined for a second straight day on Wednesday. As of 1 p.m. ET, shares of: So what It’s no great mystery why. Following a rambling, near-hour-long televised address by Russian President Putin on Monday, on Tuesday Russian troops and tanks began moving into the self-styled “Donetsk People’s Republic” and “Lugansk People’s Republic” –… Source link

U.S. stocks opened lower Tuesday morning to start the holiday-shortened week in the red as investors continued to monitor tensions between Russia and Ukraine and await the Kremlin’s next move. The Dow Jones Industrial Average fell 252 points, or 0.74%, to 33,826.86, while the S&P 500 dipped 0.66% to 4,320.30. The Nasdaq Composite shed 0.92%, or 130 points, to 13,420.79. Wall Street was closed for trading on Monday in observance of Presidents Day, but investors will return from the long… Source link

(Bloomberg) — Chinese technology stocks dropped for a third straight session amid fresh worries over Beijing’s regulatory plans for the sector. Most Read from Bloomberg The Hang Seng Tech Index fell more than 3% on Tuesday and headed for the lowest close since its inception in 2020. Alibaba Group Holding Ltd. led declines following a Bloomberg report that authorities have begun another round of checks on its fintech business arm. The rout weighed on the broader Hong Kong market, with the… Source link

Volatility, and descending trends, that’s the path the markets are taking these days. While the usual headwinds are all in play, the chief worry now is coming from Eastern Europe. Will Russia invade, or won’t it? A shooting conflict, involving a superpower, taking place in one of Europe’s most agriculturally productive and mineral-rich countries, has huge potential for political and economic fallout, enough to keep pundits and market watchers awake at night. But an in-depth analysis of… Source link

Friday, another round of jaw-dropping stock sell-offs after earnings announcements hit the tape, when Roku (ROKU) stock plunged 23% and DraftKings (DKNG) cratered 22% — the second-worst one-day performance for both stocks. Nightmare earnings reactions have been a theme this quarter, as investors seize on concerns over slowing growth prospects for companies over a wide range of industries. Combined with an increasingly hawkish Federal Reserve and a potential land war in Europe, investors are… Source link

Stocks dipped Wednesday after jumping a day earlier when an apparent deescalation of Russian advances in Ukraine helped boost U.S. equities. Investors also eyed a fresh print on the state of consumer spending in the Commerce Department’s latest retail sales report, which showed a larger-than-expected rebound in consumption at the start of the year. The S&P 500 edged down. On Tuesday, the index closed higher by 1.6% in its first rise in four sessions. The jump came amid an announcement from… Source link

Stocks were mixed on Monday as investors eyed the escalating threat of Russian invasion in Ukraine alongside ongoing concerns over inflation and an aggressive move toward policy tightening by the Federal Reserve. The S&P 500 fluctuated between small gains and losses after last week’s roller-coaster sessions on Thursday and Friday. Treasury yields rose and the 10-year yield hovered back near 2%. Oil prices steadied after a recent run-up as Russia’s Foreign Minister Sergey Lavrov said he was… Source link

Investors in the Ark Innovation ETF (ARKK) have been fed through the wringer this year, as Cathie Wood’s flagship disruption fund is already down 22% — whipsawing investors in both directions. Of the 44 components of the fund, including Tesla (TSLA), Shopify (SHOP), Zoom Video (ZM), none are currently up on the year — leaving investors to lick their wounds. Since the ARKK topped out just shy of $160 nearly one year ago, rallies have become increasingly short-lived — such as last week’s… Source link

Contracts on Wall Street’s key benchmarks crawled in post-market trading Monday after U.S. stocks closed lower to end a choppy session wrought by mixed corporate earnings and renewed Federal Reserve worries ahead of a fresh inflation report due out this week. Futures on all three main indexes were flat ahead of overnight trading after equities extended a streak of volatility that has become the norm this year so far. In Monday’s main session, the S&P 500 faltered after its best weekly rise… Source link