[Markets]
Dow Jones Futures Fall After Jobless Claims; Cisco, Walmart Dive On Earnings
Dow Jones futures fell after the Labor Department's initial jobless claims. Cisco Systems and Walmart dived on earnings reports.
Published:11/16/2023 7:41:51 AM
|
[Markets]
Dow Jones Futures Fall Ahead Of Jobless Claims; Cisco, Walmart Dive On Earnings
Dow Jones futures fell ahead of the Labor Department's initial jobless claims. Cisco Systems and Walmart dived on earnings reports.
Published:11/16/2023 7:25:27 AM
|
[Markets]
Dow Jones Jumps Another 160 Points Amid More Evidence Inflation Is Waning
After a red letter day on the stock market, investor enthusiasm kept climbing on the Dow Jones index as all major indexes piled on gains.
Published:11/15/2023 3:41:40 PM
|
[Markets]
How major US stock indexes fared Wednesday, 11/15/2023
The Dow climbed 163 points, and the Nasdaq composite edged up 0.1%. The Dow Jones Industrial Average rose 163.51 points, or 0.5%, to 34,991.21. The Nasdaq composite rose 9.45 points, or 0.1%, to 14,103.84.
Published:11/15/2023 3:24:24 PM
|
[Markets]
Dow Jones Jumps Another 200 Points Amid More Evidence Inflation Is Waning
After a red letter day on the stock market, investor enthusiasm kept climbing on the Dow Jones index as all major indexes piled on gains.
Published:11/15/2023 2:23:22 PM
|
[Markets]
Walgreens, Disney, Nike pace Dow as PPI keeps lower-inflation narrative in play
Walgreens, Disney, Nike pace Dow as PPI keeps lower-inflation narrative in play
Published:11/15/2023 10:03:50 AM
|
[Markets]
Dow Jones Rises After Cool Inflation Data; Target Surges 17% On Earnings
The Dow Jones rose Wednesday on cool inflation data, with the PPI report. Target stock soared 17% on strong earnings results.
Published:11/15/2023 8:51:57 AM
|
[Markets]
Dow Jones Futures Rise After Cool Inflation Data; Target Surges 15% On Earnings
Dow Jones futures rose Wednesday on cool inflation data, with the PPI report. Target stock soared 15% on strong earnings results.
Published:11/15/2023 7:47:29 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Key Inflation Data; Target Surges 13% On Earnings
Dow Jones futures rose Wednesday ahead of key inflation data, with the PPI report. Target stock soared 13% on strong earnings results.
Published:11/15/2023 7:22:58 AM
|
[Markets]
Stocks Soar, Yields And Dollar Crash As Fed's Tightening Cycle Dies, Countdown To Cuts Begins
Stocks Soar, Yields And Dollar Crash As Fed's Tightening Cycle Dies, Countdown To Cuts Begins
Stocks soared, and bond yields tumbled after the October CPI report showed an unexpected slowdown in inflation across the board, with core inflation dropping to its lowest level in two years. This led to Fed swaps pricing in 50 basis points in rate cuts for the July 2024 FOMC meeting, while the dollar was clubbed like a baby seal, down 1%, its most significant decline in a year.
Shortly after the release of today's CPI data, Nick Timiraos, often called "Nikileaks," shared a post on social media platform X that confirms the Fed has concluded its hiking cycle.
US equity futures erupted after the CPI print - sending S&P500 and Nasdaq futures up as much as 2%. Dow Jones futures were up 1.5%. All three equity futures indexes have traded in a lateral range from 1000 ET (as noted in the graphic).
About 95% of companies in the S&P 500 were green in the session, with the index up 2%.
S&P500 moves above the 100 sma.
As stocks soared, so did treasuries - and yields dove across the curve.
Largest rush into bonds since GFC.
But-but-but...
Two-year treasury yields recorded the largest one-day drop since the regional banking crisis in March. This is mainly due to the likelihood that a Fed pivot is ahead.
The Bloomberg dollar index collapsed - the biggest daily drop since Nov. 11, 2022.
As for the most important news: The market no longer is pricing in any more rate hikes in December or otherwise, and instead, it is now giving roughly 25% odds to a rate cut in March and has fully priced in two rate cuts by July.
Compare this to yesterday's fed funds futures chart, which gave reasonable odds of a Dec/January rate hike. Well, those are gone.
Fed pivot hopes sparked a 6% jump in Goldman's Most Shorted Index.
Wall Street's most speculative stocks had no choice but to move higher.
However, most crypto did not join in today's risk rally, except Solana, up 7% on the session.
Hmm.
Gold jumped about 1% to $1,964 an ounce as the dollar dumped.
Next up...
For more commentary and charts, read Upside panic - shorts carried out on stretchers.
Tyler Durden
Tue, 11/14/2023 - 16:00
Published:11/14/2023 3:10:14 PM
|
[Markets]
Dow Surges As Fed Official Sees Sharp Inflation Drop; 30 Stocks Stage Breakouts
Dow Jones rose after inflation cooled in October. Tesla rose after raising China electric-vehicle prices even as sales fell in October.
Published:11/14/2023 1:26:09 PM
|
[Markets]
Dow Jones Leader Microsoft, Chip Giant Nvidia In Buy Zones In Today's Stock Market
Dow Jones leader Microsoft, along with tech titan Nvidia and MercadoLibre, are in buy zones in today's stock market rally.
Published:11/14/2023 12:41:48 PM
|
[Markets]
Stocks Have Best CPI Day in a Year
Stocks were having their best consumer price index release day in a year. The Nasdaq Composite was up 2.3%. All three are on track for their best CPI day since Nov. 10, 2022, according to Dow Jones Market Data.
Published:11/14/2023 12:33:28 PM
|
[Markets]
Stocks: Lots of support for market to grow, strategist says
October's cooler-than-expected CPI report sparked a stock market rally Tuesday morning, with the Dow (^DJI), S&P 500 (^GSPC), and Nasdaq (^IXIC) rising as investors anticipate the Federal Reserve staying on hold and not raise interest rates anymore. Huntington Private Bank Director of Wealth Strategy Dan Griffith says the Fed's "signal" shows it's in a "good position" now to combat inflation. He noted a Huntington study finding 57% of Midwest business owners are "optimistic" about the current economy, illustrating inflation's impact on real companies. Griffith outlines 5 key indicators to monitor for signs of an impending recession: S&P 500 remaining above 4,000 level, weekly initial jobless claims staying under 300,000, consumer confidence index holding above 100, CPI at no more than 4% year-over-year, and finally Fed funds rate capped at 5%. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Published:11/14/2023 11:29:37 AM
|
[Markets]
Dow Gains 500 Points On Cooling Inflation; Tesla Rises On China Price Hikes
Dow Jones rose after inflation cooled in October. Tesla rose after raising China EV prices even as sales fell in October.
Published:11/14/2023 10:31:22 AM
|
[Markets]
Twenty-eight of 30 components higher as blue-chip Dow runs up 521-point gain
Twenty-eight of 30 components higher as blue-chip Dow runs up 521-point gain
Published:11/14/2023 10:09:29 AM
|
[Markets]
Dow Jones Surges 475 Points On Cool Inflation Report; Tesla Stock Rallies On Price Hikes
The Dow Jones surged over 475 points Tuesday on a cool CPI inflation report. Tesla stock rallied after the company raised prices on some China-made cars.
Published:11/14/2023 9:13:59 AM
|
[Markets]
Dow Jones Surges 425 Points On Cool Inflation Report; Tesla Stock Rallies On Price Hikes
The Dow Jones surged over 425 points Tuesday on a cool CPI inflation report. Tesla stock rallied after the company raised prices on some China-made cars.
Published:11/14/2023 9:07:48 AM
|
[Markets]
Dow Jones Futures: 8 Stocks To Buy And Watch With CPI Inflation Report On Deck
Dow Jones futures: The CPI inflation report is out Tuesday. Microsoft and Nvidia are among the best stocks to buy and watch.
Published:11/14/2023 6:45:04 AM
|
[Markets]
13 Cheap Blue Chip Stocks To Buy
In this piece, we will take a look at the 13 cheap blue chip stocks to buy. To skip our overview of the blue chip sector and the latest news about the stock market, take a look at the 5 Cheap Blue Chip Stocks To Buy. Within the American stock market, the Dow Jones Industrial […]
Published:11/13/2023 6:21:51 PM
|
[Markets]
Market Extra: Dow sees first bearish ‘death cross’ since March 2022. Here is what typically happens next.
The Dow Jones Industrial Average notched its first "death cross" since March 2022 on Monday in what some have described as the latest ominous development for stocks as the market looks to extend its November rebound rally.
Published:11/13/2023 4:14:01 PM
|
[Markets]
Dow Jones Gains Despite Johnson Debt Plan Hurdles; Cathie Wood Snaps Up This Diving Stock
The Dow Jones was up even as House Speaker Johnson met resistance over debt. Cathie Wood snapped up a plunging stock. Tesla stock rallied.
Published:11/13/2023 3:49:49 PM
|
[Markets]
Bonds & Stocks Shrug At Moody's USA Credit Rating Downgrade, Oil & Gold Bounce
Bonds & Stocks Shrug At Moody's USA Credit Rating Downgrade, Oil & Gold Bounce
Quiet on the macro side (inflation survey lower), snoozy on the geopolitical chaos (no WW3 over the weekend), and markets were in holiday mode with quiet volumes leaving bonds and stocks unch to slightly lower after Moody's joined the rest of its ratings-imagineers and cut USA's outlook to negative. Perhaps they just needed to look at the market's perception of the sovereign risk 'Murica....
Source: Bloomberg
The equity and bond market's reaction to this warning so simple - "America, Fuck yeah!"
Futures were weak out of the fate after Sunday night's open. Late in Asia a bid emerged, but that faded into the US cash open. The algos immediately stepped in and ramped all the majors to the highs of the day and that's where they oscillated for the rest with some late-day selling pressure dragging the S&P red along with Nasdaq. By the close, only The Dow ended higher.
This ended the Nasdaq's Monday win-streak at 19-straight weeks...
VIX was higher on the day, but we note the term structure of S&P vol shows significant event risk priced in for the next few days (CPI, Retail sales, etc)...
Source: Bloomberg
Treasuries the same, ending the day marginally better (down 2-3bps across the curve) after some chop higher in yields intraday with the short-end outperforming by a smidge...
Source: Bloomberg
The dollar was lower on the day with the bulk of the selling from 1000-12000ET...
Source: Bloomberg
Bitcoin leaked lower on the day, ending just below $37,000...
Source: Bloomberg
On the other hand, Ethereum rallied back above $2100...
Source: Bloomberg
Gold jumped higher...
Source: Bloomberg
...bouncing off its 200DMA once again...
Source: Bloomberg
Oil prices crept back higher for the second day in a row, with WTI back above $78...
Source: Bloomberg
Crucially, WTI rallied back above its 200DMA...
Source: Bloomberg
Finally, circling back to the start of this note, in a regime-shift from historical norms, the US Treasury yields are broadly trending higher with USA Sovereign credit risk...
Source: Bloomberg
Are the bond vigilantes back?
Tyler Durden
Mon, 11/13/2023 - 16:00
Published:11/13/2023 3:20:48 PM
|
[Markets]
Stocks Close Mixed as Investors Await CPI. The Dow Ended Higher.
Stocks were subdued on Monday as investors awaited Tuesday morning's consumer price index report for October. The Dow Jones Industrial Average rose 54 points, or 0.2%. The S&P 500 fell 0.1%. The Nasdaq Composite dropped 0.
Published:11/13/2023 3:13:44 PM
|
[Markets]
Dow Jones Up Amid Johnson Debt Plan Hurdles; Cathie Wood Snaps Up This Diving Stock
The Dow Jones was up even as House Speaker Johnson met resistance over debt. Cathie Wood snapped up a plunging stock. Tesla stock rallied.
Published:11/13/2023 2:51:52 PM
|
[Markets]
Best Dow Jones Stocks To Buy And Watch In November 2023: Microsoft Hits Buy Point
The best Dow Jones stocks to buy and watch in November 2023 include Apple stock and Microsoft in today's stock market.
Published:11/13/2023 12:32:52 PM
|
[Markets]
Dow Turns Positive, Up 100 Points
The Dow Jones Industrial Average turned positive in late morning trading. The other indexes were calm. The Dow Jones Industrial Average was up 100 points, or 0.3%. The S&P 500 and Nasdaq Composite were trading flat on the day.
Published:11/13/2023 11:04:35 AM
|
[Markets]
Everybody's Watching This Trio of Dow Stocks This Week
The Dow Jones Industrial Average (DJINDICES: ^DJI) has been lagging the broader market in 2023, having fallen to a loss for the year in late October before a big bounce carried it back into positive territory. With the key holiday shopping season upon us, retail stocks in the Dow will play a key role in determining the fate of the popular stock benchmark for the remainder of the year. Retailers Home Depot (NYSE: HD) and Walmart (NYSE: WMT) will release their latest financial reports this week, and both Dow components could move markets.
Published:11/13/2023 9:13:27 AM
|
[Markets]
Dow Jones Falls On Moody's Debt Warning; Boeing Stock Surges On $52 Billion Order
The Dow Jones Industrial Average dropped Monday on Moody's U.S. debt warning. Aerospace giant Boeing surged on a $52 billion order.
Published:11/13/2023 8:50:09 AM
|
[Markets]
Dow Jones Futures Fall On Moody's Debt Warning; Boeing Surges On $52 Billion Order
Dow Jones futures dropped Monday morning on Moody's U.S. debt warning. Aerospace giant Boeing surged on a $52 billion order.
Published:11/13/2023 7:24:36 AM
|
[Markets]
A Nuclear Renaissance Is The Best Path Forward
A Nuclear Renaissance Is The Best Path Forward
Authored by RJ Roux & Yaël Ossowski via RealClear Wire,
For decades, the fruits of the fracking revolution, plus our newly minted status as the world’s top net exporter of natural gas, demonstrated that American consumers were swimming in bountiful energy.
But as the pandemic effects of supply chain shortages, the war in Ukraine, and higher government spending gave way to inflation hikes, suddenly all eyes were on utility bills. In 2021, Americans spent as much as 25% more on energy than in the previous year.
Compounding that problem for energy consumers are political pledges aimed at the “electrification of everything,” including massive subsidies for electric vehicles, home heat pumps, and solar panels in pursuit of a carbon neutral future.
Now state policies are accelerating that, as at least 22 states — plus Puerto Rico and Washington, D.C. — have committed to either 100% carbon-free electricity generation or “net zero” carbon emissions by 2050.
But rather than subsidize our way toward political climate goals with foreign-made solar panels, batteries, and wind turbines, what if we looked to the new generation of a safe technology that is already the densest and carbon-free source of electricity in the world? What if it’s time to once again champion nuclear energy?
Energy investors, customers, and even green politicians should have every reason to love the atom. Nuclear energy is safe, clean, and reliable for decades. It produces no emissions and produces tens of thousands of good jobs for generations. There’s a reason nuclear plants have larger parking lots than wind turbines or solar farms.
At least three states — Illinois, New Hampshire, and South Carolina — currently generate over 50% of their electricity needs from nuclear power, making them effectively carbon neutral and an ideal hub for energy-intensive industry.
Even green warrior California Gov. Gavin Newson was forced to rethink the closing of Diablo Canyon in the face of aggressive climate goals, giving the state’s only nuclear plant a lifeline. Other states are reconsidering nuclear energy as their licenses head toward their expiration date.
That said, traditional nuclear energy faces several obstacles. Environmental and radiation concerns are invoked, though new innovations like accident-tolerant fuels have lessened the risk. Regulatory restrictions and permitting can delay approvals and renewals for up to a decade. Most importantly, nuclear projects are significantly labor and capital intensive, testing the financial limits of private investors and utilities who dip into subsidies to stay afloat.
But the age of the brutalist concrete cooling towers and highly centralized state control as the only features of nuclear power may already be over.
Next-generation nuclear energy technology — such as small modular reactors — may share the splitting of the atom with its predecessor, but its modern form is anything but.
SMRs can be as small as an SUV but still produce plenty of megawatts of energy. They can more quickly and reliably deliver power to the electric grid or industry, and in some cases, the spent fuel can be reused. SMRs could become the main carbon-free power source for a large manufacturing facility that would employ thousands of people and keep the load off residential grids.
For example, SMR developer X-energy is collaborating with chemical giant Dow to install an advanced SMR nuclear plant at Dow’s manufacturing site in Seadrift, Texas. The Dow project is focused on providing its Seadrift site with safe, reliable, zero carbon emissions power and industrial steam as existing energy and steam assets near their end-of-life.
The project is contingent upon delivering on various reviews and approvals, as companies like Dow must follow strict timeframes to ensure continued operation of its site. X-energy first initiated NRC pre-application activities for their Xe-100 reactor in 2018.
Only one small modular reactor design, made by Oregon-based NuScale, has been certified by the National Regulatory Commission, which released its final rulemaking after a decade-long application process.
If we want to deliver energy at scale and at a low cost for millions of energy consumers, that pace will have to move to a warp speed timeline.
There are simple solutions that could save us time. Every state with an expiring nuclear license should consider supporting plant life extensions. States with anti-nuclear statutes should rethink their implications. Where possible, states should include nuclear and fusion technology within “clean energy” definitions, as North Carolina seems poised to do. The NRC should continue its steadfast efforts in reducing regulatory burdens to fast-track reviews and permits for new nuclear while still keeping a laser focus on safety.
Rather than closing coal plants without alternatives, states should quickly allow experienced project proponents to convert those facilities into nuclear stations. The US Department of Energy estimates that over 80% of the country’s existing coal plants could be cheaply converted into SMRs or advanced nuclear reactors, saving up to 35% in infrastructure costs while reducing emissions for decades. Roadmaps already exist to convert coal plant jobs to next-generation nuclear jobs.
This would represent billions in savings to energy customers, hundreds of thousands more good-paying jobs, and unlimited opportunities for innovators to unleash the next generation of nuclear power technology both domestically and as a global export.
Politicians and regulators have created the paradigm of a net zero world. Nuclear energy will enable that and provide prosperity, resilience, and sustainability that will keep us energy independent.
It's time we recognize nuclear energy's vital role and champion it as a force for good in our world.
RJ Roux is a nuclear industry strategist and president of Lions Global, a clean energy consulting firm, and Yaël Ossowski is deputy director at the Consumer Choice Center, a global consumer advocacy group.
Tyler Durden
Mon, 11/13/2023 - 05:00
Published:11/13/2023 4:47:09 AM
|
[Markets]
If I Had to Start Over Again, Here's Where I'd Invest My First $1,000
If I could have a redo, I'd put that $1,000 in the Vanguard S&P 500 ETF (NYSEMKT: VOO). What is the S&P 500? The U.S. stock market has three main indexes: the S&P 500, Dow Jones Industrial Average, and Nasdaq Composite.
Published:11/12/2023 8:07:24 AM
|
[Markets]
Should You Buy the 3 Highest-Paying Dividend Stocks in the Dow Jones?
You've heard that saying before, I'm sure, but you may not appreciate how well it applies to stock dividends. Before delving into caveats about focusing on, say, the highest-yielding stocks in the Dow Jones Industrial Average, let's review what dividends are.
Published:11/12/2023 7:27:20 AM
|
[Markets]
A Widely Followed Economic Tool That Hasn't Been Wrong in 70 Years Offers a Sobering Message for Wall Street
Over long periods, Wall Street is an undisputed wealth creator. Since the start of 2020, the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), widely followed S&P 500 (SNPINDEX: ^GSPC), and growth-dependent Nasdaq Composite (NASDAQINDEX: ^IXIC), have vacillated between bull and bear markets. Although all three major indexes have rallied meaningfully off of their 2022 bear market lows, questions remain as to what's next for Wall Street.
Published:11/12/2023 4:15:12 AM
|
[Markets]
Mark Hulbert: This Dow stock went from worst to first in one year — and here are 13 candidates just like it for 2024
Salesforce bounced off the bottom of the Dow ranking and soared to the top.
Published:11/10/2023 9:25:04 PM
|
[Markets]
Dow Jones Races To Finish As Microsoft Hits All Time High; Cathie Wood's Chip Pick Soars
The Dow Jones Industrial Average closed at the day's highs, up nearly 400 points, or 1.2%, after fresh data indicated a cooling economy. The Dow Jones index gained 0.7% for the week and is holding at converged 50- and 200-day moving averages. The Dow and the S&P 500 fell to test their 50-day moving averages but are rebounding from the line today.
Published:11/10/2023 3:39:44 PM
|
[Markets]
Dow Jones Gains 280 Points On Economic Data; Plug Power Dives On Warning
Dow Jones gained 250 points after consumer sentiment for November came below views. Plug Power dived, Cathie Wood's chip holding TSM rose.
Published:11/10/2023 1:02:52 PM
|
[Markets]
Dow Up 300 Points as Wall Street Heads for Another Winning Week
Stocks were rallying higher, shrugging off Thursday’s declines. All three major indexes were on track to post another week of gains. In afternoon trading, the Dow Jones Industrial Average was up 300 points, or 0.
Published:11/10/2023 12:49:16 PM
|
[Markets]
Markets up, Wynn, Plug, Tesla fall: Top Stories
The Dow Jones Industrial (^DJI) and NASDAQ (^IXIC) saw an uptick Friday morning, shrugging off recent comments from Federal Reserve Chair Jerome Powell about leaving the door open for future interest rate hikes to continue to battle inflation. The gains may be short-lived as the University of Michigan consumer sentiment for November showed the index came in at 60.4 this month, below the expected 63.7 by economists and one of the lowest measurements since May. Wynn Resorts (WYNN) is down over 5% Friday morning as news of lower-than-expected revenue from Chinese markets for the third quarter. In addition, The Culinary Workers and Bartenders Union, representing about 5,000 employees, has reached a tentative agreement with Wynn. The agreement includes the biggest wage increase ever negotiated in the union’s 88-year history, according to the union. Shares of Plug Power (PLUG) are diving over 35% as the company's third-quarter report mentioned "unprecedented supply challenges". In a filing late Thursday night, The company projected that "existing cash and available for sale and equity securities will not be sufficient to fund operations through the next 12 months." causing serious doubts about the future of the company. Tesla (TSLA) received another lowered rating, this time from HSBC (HSBC). Analyst Michael Tyndall reduced his price target to $146, citing CEO Elon Musk as a "risk" for the company, along with a longer timeline to see profits from current innovations. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Published:11/10/2023 12:30:46 PM
|
[Markets]
Dow Up 260 Points as Wall Street Heads for Another Winning Week
Stocks were rallying higher, shrugging off Thursday’s declines. All three major indexes are on track to post another week of gains. In afternoon trading, the Dow Jones Industrial Average was up 277 points, or 0.
Published:11/10/2023 12:10:48 PM
|
[Markets]
Dow Jones Reclaims 34,000 Level, Helped By Intel Stock; Chip-Equipment Giants Jump On Taiwan Semi News
The Dow Jones traded higher Friday afternoon, but the Nasdaq composite outperformed as chip-equipment stocks rallied on this news.
Published:11/10/2023 12:00:43 PM
|
[Markets]
Stocks Rise at Week's End. S&P 500, Nasdaq Eye Winning Weeks.
Stocks were rising on Friday, as the big three indexes looked to bounce back from a tough Thursday and close out the week with some gains. The Dow Jones Industrial Average was up 130 points, or 0.4%. The S&P 500 was up 0.
Published:11/10/2023 10:57:32 AM
|
[Markets]
Dow Jones Rally Led By Intel Stock, Boeing; Security Software Leader Makes Bullish Move Ahead Of Results
The Dow Jones held a modest gain in early trading Friday as techs and small caps outperformed in the early going.
Published:11/10/2023 10:01:48 AM
|
[Markets]
Dow Jones Rises After Inflation Report; Trade Desk Crashes On Earnings
The Dow Jones rose Friday after an inflation report from the University of Michigan. Trade Desk crashed on a disappointing outlook.
Published:11/10/2023 9:16:24 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Inflation Expectations; Trade Desk Crashes On Earnings
Dow Jones futures rose Friday ahead of inflation data from the University of Michigan. Trade Desk crashed on a disappointing outlook.
Published:11/10/2023 7:17:49 AM
|
[Markets]
These 2 Stocks Were Fed-Proof on Thursday
Thursday finally dealt major market benchmarks a losing day, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) breaking a long winning streak to fall nearly 1%. The S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) also fell, responding to comments from Fed Chair Jerome Powell that the central bank intends to stay flexible to react to whatever the economy demands from monetary policy.
Published:11/9/2023 5:08:08 PM
|
[Markets]
Dow Jones Dives 220 Points As Powell Gives This Inflation Warning; Tesla Stock Gets Hammered
The Dow Jones dived after Fed Chair Jerome Powell gave an inflation warning. Disney earnings propelled the stock higher. Tesla stock plunged.
Published:11/9/2023 3:46:42 PM
|
[Markets]
Dow Jones Dives As Powell Gives This Inflation Warning; Tesla Stock Gets Hammered
The Dow Jones Industrial Average plunged after Federal Reserve Chair Jerome Powell gave an inflation warning. Walt Disney (DIS) popped on earnings. Tesla (TLSA) got hammered on a Wall Street call as other Magnificent Seven stocks like Nvidia (NVDA) and Apple (AAPL) were mixed. A number of stocks attempted breakouts despite the negative action. Jackson Financial (JXN), TransDigm (TDG) and...
Published:11/9/2023 2:34:55 PM
|
[Markets]
Stocks Extend Fall After Powell Remarks
Stocks extended an earlier slide as traders digested prepared remarks from Federal Reserve Chair Jerome Powell. The Dow Jones Industrial Average was down 193 points, or 0.6%. The S&P 500 was down 0.6%, and the Nasdaq Composite was down 0.
Published:11/9/2023 1:25:50 PM
|
[Markets]
Stocks Fall—Briefly, Putting Their Winning Streak at Risk. The Reason: Powell.
Stocks retreated midmorning ahead of an appearance by Federal Reserve Chair Jerome Powell. Then, two indexes inched up again. The Dow Jones Industrial Average was down 59 points, or 0.2%. The S&P 500 was down 0.
Published:11/9/2023 10:25:51 AM
|
[Markets]
Dow Jones Rises After Jobless Claims; Nvidia Is Breaking Out Today With Powell Speech Next
The Dow Jones rose Thursday after initial jobless claims. Nvidia stock is breaking out today, while Fed chief Powell will speak later.
Published:11/9/2023 8:56:00 AM
|
[Markets]
Asia Mostly Up, Europe Gains On Strong Earnings, Crude Above $75 Again - Global Markets Today While US Was Sleeping
On Wednesday, November 9th, the U.S. stock markets closed mixed after the Dow Jones Industrial Average ended its seven-day winning streak. In economic data, U.S. wholesale inventories experienced a 0.2% uptick in September month-to-month, marking an improvement from the 0.1% decrease seen in the preceding month. S&P 500 sectors mostly ended higher, led by tech and real estate gains, while energy and utilities fell. The Dow Jones Industrial Average declined by 0.12% to 34,112.27, the S&P 500 gain
Published:11/9/2023 8:01:07 AM
|
[Markets]
Dow Jones Futures Rise After Jobless Claims; Disney Surges With Powell Speech Next
Dow Jones futures rose Thursday after initial jobless claims, Disney stock surged on earnings, while Fed chief Powell will speak later.
Published:11/9/2023 7:43:59 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Jobless Claims; Disney Surges With Powell Speech Next
Dow Jones futures rose Thursday ahead of initial jobless claims, Disney stock surged on earnings, while Fed chief Powell will speak later.
Published:11/9/2023 7:27:29 AM
|
[Markets]
Dow Jones Ends Winning Streak; Cathie Wood Stock Soars On Earnings
Dow Jones pared losses in the afternoon. Cathie Wood's holding, RBLX soared while chip new issue ARM fell ahead of earnings.
Published:11/8/2023 3:52:36 PM
|
[Markets]
Stocks: Economy 'wading into a swamp' on interest rates
Federal Reserve Chair Jerome Powell spoke at a conference Wednesday morning, celebrating 100 years of the Fed's Division of Research and Statistics. While he made no comment on the status of the economy or monetary policy, the Dow Jones Industrial Average (^DJI) still rose after his speech. Investors have been closely eyeing any and all comments from the central bank to get a better insight as to future movement in the economy, as fears of a recession still loom. Girard CIO Tim Chubb joins Yahoo Finance to discuss the market and what investors should consider for their portfolios. "Looking at fixed income at particular, much more attractive and relative terms into equities which look expensive and absolute in relative terms," Chubb explains. "Avoiding some more of those cyclical areas of the market, we really prefer more of a barbelled approach right now, having that late-cycle environment type of positioning, focus on defensive growth as well as some of those late-cycle cyclicals that are also levers for the more cyclical thematic long-term opportunities." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Published:11/8/2023 3:18:58 PM
|
[Markets]
Dow Jones Pares Loss; Cathie Wood Stock Soars On Earnings As Chip Stock Falls
Dow Jones pared losses in the afternoon. Cathie Wood's holding, RBLX soared while chip new issue ARM fell ahead of earnings.
Published:11/8/2023 2:53:04 PM
|
[Markets]
Here's Why 'Magnificent Seven' Stock Microsoft Is A Market Leader
Among the Dow Jones leaders, "Magnificent Seven" stock Microsoft is approaching a new buy point. Here's why MSFT stock is a market leader.
Published:11/8/2023 1:21:21 PM
|
[Markets]
Stocks Pause. Nasdaq Is on Track to Snap Win Streak.
The Nasdaq Composite was down 0.1%, while the S&P 500 was up slightly. If the Nasdaq closes lower, it would snap an eight-day winning streak. The S&P 500 and Dow have a seven-session streak on the line.
Published:11/8/2023 10:09:31 AM
|
[Markets]
Dow Jones Rises After Powell Speech; Tesla Stock Climbs On China Data
The Dow Jones Industrial Average rose Wednesday after Fed chief Jerome Powell's speech. Tesla stock climbed on China registrations.
Published:11/8/2023 8:38:05 AM
|
[Markets]
Dow Jones Futures Rise After Powell Speech; Tesla Stock Climbs On China Data
Dow Jones futures rose Wednesday morning after Fed chief Jerome Powell's speech. Tesla stock rose on China registrations.
Published:11/8/2023 8:31:57 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Powell Speech; Tesla Stock Climbs On China Data
Dow Jones futures rose Wednesday morning ahead of Fed chief Jerome Powell's speech. Tesla stock rose on China registrations.
Published:11/8/2023 8:19:28 AM
|
[Markets]
Dow Jones Lags As Nasdaq Closes 0.9% Higher; These Oil Stocks Trigger Sell Signals
The Dow Jones Industrial Average outperformed small caps in the stock market today. Nasdaq volume initially increased, but slowed to a slightly slower pace vs. Monday. Watch to see how Nasdaq volume changes in the final hour of trading.
Published:11/7/2023 3:23:42 PM
|
[Markets]
"Earthquakes", "Golden Paths", & "Everything's Booming": FedSpeak Sparks Bond, Bitcoin, & Big-Tech Gains
"Earthquakes", "Golden Paths", & "Everything's Booming": FedSpeak Sparks Bond, Bitcoin, & Big-Tech Gains
Another quiet macro day was relatively catalyst-free - even with an armada of Fed Speakers - since all pretty much sang from the hymn-sheet - data-dependent, job not done, inflation still too high, rates high(er) for long(er), no cuts on the agenda:
-
Kashkari (uber hawkish): “I’m not see a lot of evidence that the economy is weakening,” reminding markets that there hasn’t been any discussions about interest-rate cuts at the FOMC.
-
Goolsbee (hawkish dreamer): The Fed can continue down what he calls the “golden path” to a soft landing. “We’ve got to get inflation down - that’s the No. 1 thing..."
-
Barr (hawkish, anti-crypto): “It is really critical that we continue to do the work necessary to make sure we get inflation down to 2%.” Fed has "strong interest" in regulating stablecoins, "still weighing the prospect" of CBDC.
-
Schmid (no comment on monetary policy): "The transition from fossil fuels to renewables is both reliant upon and an influencer of supply chains and capital allocation."
-
Waller (hawkish/neutral): Labor supply "clearly calming down", normalizing to pre-pandemic levels. "Everything was booming" in Q3. 10Y yield 'tightening' has been a monetary policy "earthquake." Prices probably won't go back to pre-pandemic levels, if rate-hikes "cause instability, Fed has other tools."
-
Logan (hawkish): "I have seen some important cooling in the labor market... inflation readings look like they are trending towards 3%, not 2%... " Critical that Fed "stay true to" 2% inflation target, "must stay focused on curbing inflation in a timely way."
-
Bowman (uber hawkish): “I continue to expect that we will need to increase the federal funds rate further to bring inflation down to our 2% target in a timely way.”
At around 1215ET, the FHFA said that FHLBs wil face new rules to curtail loans to struggling banks. Regional banks will be 'proper fucked' by this as, for now, this has been a workaround for them to manage the holes in their balance sheets.
The NYFed confirmed that the recent "strength" of the consumer was shown to be based on credit-card spending... and delinquencies are on the rise.
But none of that mattered to big-tech buyers as Nasdaq rallied from the cash open once again. The Dow and S&P managed modest gains while Small Caps ended red...
As UBS notes, US equities are squeezy below the surface in tech with profitless tech up 2.6% (some earnings driven) among the best performers on Tuesday, but not the broad squeeze/unwind seen across sectors last Thursday and Friday. The difference now vs last week is that mega caps are acting defensive and hence there is a much broader tech rally on Tuesday.
Source: Bloomberg
8 straight day higher for Nasdaq and 7 straight for S&P - the longest winning streaks since Nov 2021...
Small Caps are down for the second day, pushing the Russell 2000 to its widest gap to Nasdaq... ever
Source: Bloomberg
Small caps’ underperformance suggests some underlying jitters about an economic downturn, inflation and the impact of continued Fed hikes. These companies have more limited revenue streams than mega caps and are less able to pass through higher costs. They’re also more sensitive to slowing growth and changes in borrowing costs.
Value underperformed Growth once again, testing down to recent lows...
Source: Bloomberg
The Nasdaq Composite topped its 100DMA but the late day selloff tested back down to that level...
For the second day in a row, cyclical stocks failed to sustain a bid (defensives outperformed) as investors continue to envisage an eventual slowing in the economic growth momentum...
Source: Bloomberg
VIX was smashed to a 14 handle as gamma went increasingly positive...
Treasuries were bid across the curve with the long-end outperforming (30Y -7bps, 2Y -2bps)...
Source: Bloomberg
10Y yields ran up to pre-payrolls levels, hit all the stops, and have dropped since...
Source: Bloomberg
The dollar followed the same path - rallying up to pre-payrolls levels and reversing on the stops...
Source: Bloomberg
Bitcoin surged higher around 1215ET, back above $35,500...
Source: Bloomberg
Gold drifted lower again today...
Oil was down hard today (ahead of tonight's API data), well below the pre-Israel levels...
...and breaking below the 200DMA to its lowest since July...
Source: Bloomberg
Finally, the world’s central banks keep draining the flood of pandemic-era liquidity from financial markets. “Central banks’ balance-sheet reduction will further deplete excess liquidity in the US, UK and Euro Area but the timing, speed and effects will vary,” strategists including Oliver Levingston wrote in a note to clients Tuesday.
Source: Bloomberg
Is the market betting on future balance-sheet expansion? Or do we need to see the convergence of stocks and liquidity before the world's central banks unleash their balance sheets once more?
Tyler Durden
Tue, 11/07/2023 - 16:00
Published:11/7/2023 3:11:49 PM
|
[Markets]
Markets Close Higher, Extending Their Rally
The stock market’s rally just keeps on rolling. The S&P 500 and Nasdaq Composite are riding their longest winning streaks since 2021. The Dow Jones Industrial Average rose about 57 points, or 0.2%. The S&P 500 rose 0.
Published:11/7/2023 3:11:49 PM
|
[Markets]
Dow Jones Lags Nasdaq's Strong Gain As Database Stocks Soar; These Oil Stocks Trigger Sell Signals
The Dow Jones Industrial Average outperformed small caps during late-afternoon trading in the stock market today. Nasdaq volume initially increased, but slowed to a slightly slower pace vs. Monday. Watch to see how Nasdaq volume changes in the final hour of trading.
Published:11/7/2023 2:47:06 PM
|
[Markets]
Dow Jones Lags Nasdaq' Strong Gain As Database Stocks Soar; These Oil Stocks Trigger Sell Signals
The Dow Jones Industrial Average outperformed small caps during late-afternoon trading in the stock market today. Nasdaq volume initially increased, but slowed to a slightly slower pace vs. Monday. Watch to see how Nasdaq volume changes in the final hour of trading.
Published:11/7/2023 2:34:47 PM
|
[Markets]
Is It Time To Buy the Dow Jones' 3 Worst-Performing Stocks This Year?
Is this the right time to invest in the Dow's laggards? Let's peel back the layers on this year's underdogs.
Published:11/7/2023 1:37:09 PM
|
[Markets]
Dow Jones Rises As Fed Waller Calls Out 'Blowout' Growth; Uber Breaks Out As Disney Looms
Dow Jones and other indexes searched for direction as fears of a rate hike returned. Netflix is raising prices for the holidays, Disney results loom.
Published:11/7/2023 1:05:09 PM
|
[Markets]
Dow Jones Shakes Off Rate Jitters; Uber Breaks Out As Disney Looms
Dow Jones and other indexes searched for direction as fears of a rate hike returned. Netflix is raising prices for the holidays, Disney results loom.
Published:11/7/2023 11:43:55 AM
|
[Markets]
Dow Jones Climbs Despite Renewed Fed Rate Fears; Netflix Raises Prices As Disney Looms
Dow Jones and other indexes searched for direction as fears of a rate hike returned. Netflix is raising prices for the holidays, Disney results loom.
Published:11/7/2023 10:34:14 AM
|
[Markets]
Asia And Europe Markets Dip, Crude Oil Trades Below $80 - Global Markets Today While US Was Sleeping
On Monday, November 6th, the U.S. stock markets closed in Green as investors awaited Federal Reserve policy updates and prepared for new bond offerings. The Dow and S&P 500 extend their winning streak to six days, while the Nasdaq gains for the seventh consecutive session. The majority of the S&P 500 sectors ended the day down, with the steepest declines seen in real estate and energy. Conversely, information technology and healthcare sectors defied the downtrend, ending higher. The Dow Jones In
Published:11/7/2023 9:31:51 AM
|
[Markets]
Dow Jones Falls Amid Fed Speakers; Uber Stock Slides On Earnings
The Dow Jones Industrial Average dropped Tuesday amid speeches from Federal Reserve officials. Uber stock slid on earnings.
Published:11/7/2023 9:25:10 AM
|
[Markets]
US STOCKS-S&P 500, Dow subdued as rate cut optimism wanes
The S&P 500 and Dow Jones were subdued on Tuesday as optimism over potential rate cuts from the Federal Reserve next year waned, with investors on tenterhooks ahead of more commentary from central bank officials. After a stellar rally last week driven by tumbling Treasury yields, equities have lost momentum in recent days as investors await commentary by Fed policymakers for any signs of a pushback against expectations that U.S. interest rates have peaked.
Published:11/7/2023 9:11:43 AM
|
[Markets]
Dow Jones Falls Ahead Of Fed Speakers; Uber Stock Rallies On Earnings
The Dow Jones Industrial Average dropped Tuesday ahead of speeches from Federal Reserve officials. Uber stock rallied on earnings.
Published:11/7/2023 9:05:42 AM
|
[Markets]
U.S. stocks open mixed, with Dow potentially snapping long winning streak
U.S. stocks open mixed, with Dow potentially snapping long winning streak
Published:11/7/2023 8:39:45 AM
|
[Markets]
Stocks Take a Breather From Recent Gains
Coming off its best week of the year, the stock market’s rally has lost steam this week. The Dow Jones Industrial Average and S&P 500 were on track to snap their recent winning streaks. The Dow was down 33 points, or 0.1%, shortly after the market opened.
Published:11/7/2023 8:39:45 AM
|
[Markets]
Dow Jones Futures Fall Ahead Of Fed Speakers; Uber Stock Drops On Earnings Miss
Dow Jones futures dropped Tuesday ahead of speeches from Federal Reserve officials. Uber stock skidded on an earnings miss.
Published:11/7/2023 7:28:56 AM
|
[Markets]
This Fed Signal Has Historically Been Bad News for Stocks -- and It'll Probably Occur Again in 2024
Since the start of this decade, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC), have bounced back and forth between bull and bear markets. Although there isn't an economic datapoint or predictive tool that can, with a 100% success rate, accurately forecast short-term directional movements in the Dow Jones, S&P 500, and Nasdaq Composite, there are a handful of metrics and indicators that have strong correlations to directional moves in stocks. Believe it or not, monetary policy actions by the Federal Reserve may offer a very strong clue as to what's next for stocks.
Published:11/7/2023 4:23:28 AM
|
[Markets]
Dow Jones Futures Fall: Market Rally Continues; 7 Best Stocks To Buy And Watch
Dow Jones futures fall: The stock market rally continued Monday. Seven best stocks to buy and watch include Amazon and DraftKings.
Published:11/6/2023 10:10:54 PM
|
[Markets]
Dow Jones Futures: Market Rally Continues; 7 Best Stocks To Buy And Watch
Dow Jones futures: The stock market rally continued Monday. Seven best stocks to buy and watch include Amazon and DraftKings.
Published:11/6/2023 3:49:58 PM
|
[Markets]
10-year Treasury yield to drop by summer 2024: Strategist
The stock market had its best week of 2023 last week with the Dow Jones Industrial Average (^DJI), S&P 500 (^GSPC) Nasdaq Composite (^IXIC) gaining over 5% each. Investors are closely watching upcoming earnings reports and the next decision from the Federal Reserve to see if the market can continue its rally. UBS Private Wealth Management Managing Director Brad Bernstein joins Yahoo Finance to discuss the Central Bank's next moves and what investors should consider as strategy heading into next year. When asked about the 10-year Treasury yield, Bernstein explains that "we see the 10-year by next summer, potentially, down 100 basis points from here. We are recommending right now to our clients to be adding to balance portfolios because we love the fixed-income market and we like the stock market at these levels." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Published:11/6/2023 3:43:39 PM
|
[Markets]
Dow Jones Up As Yields Spike; Berkshire Slumps As Warren Buffett Snaps Up These Assets
The Dow Jones fell as Treasury yields jumped. Warren Buffett-led Berkshire Hathaway skidded after earnings. Tesla stock tumbled.
Published:11/6/2023 2:44:25 PM
|
[Markets]
Stocks Flatten Out in Afternoon Trading
Stocks were wobbling in Monday afternoon trading as the big three indexes struggled to build on their best week of the year. The Dow Jones Industrial Average was up 11 points or less than 0.1% around 2:54 p.
Published:11/6/2023 2:04:14 PM
|
[Markets]
Dow Jones Chip Giant Intel, DraftKings Above Buy Points In Today's Stock Market
Dow Jones chip giant Intel, along with DraftKings and Uber Technologies, are in or near buy zones in today's stock market.
Published:11/6/2023 12:21:30 PM
|
[Markets]
Dow, S&P 500 Are Rising for a Sixth Straight Session; Nasdaq Sees 7th Day of Gains
The three major indexes were on track to extend their recent winning streaks, albeit with modest gains on Monday. The Dow Jones Industrial Average was up 47 points, or 0.1%, in afternoon trading. The S&P 500 was up 0.1%.
Published:11/6/2023 11:43:25 AM
|
[Markets]
Dow Jones Falls After Powerful Gains; Warren Buffett's Berkshire Slides On Earnings
The Dow Jones reversed lower Monday after last week's powerful gains. Warren Buffett's Berkshire Hathaway dropped on earnings.
Published:11/6/2023 9:26:49 AM
|
[Markets]
Dow Jones Rises After Powerful Gains; Warren Buffett's Berkshire Drops On Earnings
The Dow Jones rose Monday after last week's powerful gains. Warren Buffett's Berkshire Hathaway dropped on earnings.
Published:11/6/2023 8:45:00 AM
|
[Markets]
Dow Jones Futures Rise After Powerful Gains; Warren Buffett's Berkshire Climbs On Earnings
Dow Jones futures rose Monday after last week's powerful gains. Warren Buffett's Berkshire Hathaway climbed on earnings.
Published:11/6/2023 7:14:16 AM
|
[Markets]
Stock Futures Rise to Extend Last Week’s Rally
U.S. stock futures were pointing higher early Monday after a strong week at the start of November. Futures for the Dow Jones Industrial Average added 32 points, or 0.1%. S&P 500 futures and Nasdaq futures advanced 0.2% each.
Published:11/6/2023 4:30:24 AM
|
[Markets]
The Dow ripped higher last week. Why doubters ‘don’t believe in this rebound.’
The Dow ripped higher last week. Why doubters ‘don’t believe in this rebound.’
Published:11/5/2023 4:25:05 PM
|
[Markets]
U.S. Money Supply Is Doing Something Not Seen Since the Great Depression, and a Big Move in Stocks May Follow
For more than a century, Wall Street has been a proven moneymaker that's outpaced the likes of commodities, housing, and bonds on an annualized return basis. Although the ageless Dow Jones Industrial Average (DJINDICES: ^DJI), broad-based S&P 500 (SNPINDEX: ^GSPC), and growth-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC), have bounced meaningfully off of their 2022 bear market lows, the latter two have also entered correction territory. With Wall Street being whipsawed, investors are looking to a variety of economic datapoints and predictive indicators to potentially get an edge in deciphering which direction the Dow Jones, S&P 500, and Nasdaq Composite will head next.
Published:11/5/2023 4:25:51 AM
|
[Markets]
Is It Time to Buy the Dow Jones' 3 Worst-Performing Stocks of October?
Stocks pulled back in October again, making it the third straight month in a row that major indexes have fallen. The Dow Jones Industrial Average (DJINDICES: ^DJI) outperformed the other two major indexes last month but still finished down 1.4%. Concerns about elevated interest rates and a slowing economy have pushed stocks lower over the past few months.
Published:11/4/2023 6:47:33 AM
|
[Markets]
Dow Jones Extends Rally; Warren Buffett's Berkshire Hathaway Earnings Loom
Major indexes came off the day's highs at the closing bell but still finished above their 50-day moving averages Friday. The Dow Jones Industrial Average held a gain of 0.7% while the S&P 500 rose 0.9% in the stock market today. The Nasdaq led, rising 1.4%.
Published:11/3/2023 3:42:58 PM
|
[Markets]
Dow Crosses 300 Points
The Dow Jones Industrial Average's rally kept going Friday afternoon, rising more than 300 points. The Dow was up 306 points, or 0.9%. The S&P 500 was up 1.2%. The Nasdaq Composite was up 1.6%. Stocks were building on this week's relief rally as bond yields dipped and traders reacted to employment data that supports a more dovish approach from the Federal Reserve.
Published:11/3/2023 2:00:59 PM
|
[Markets]
Dow Loses Some Steam After Crossing 300 Points
The Dow Jones Industrial Average's rally lost some steam in Friday trading after rising more than 300 points. The Dow was up 239 points, or 0.7%. The S&P 500 was up 1%. The Nasdaq Composite was up 1.3%.
Published:11/3/2023 12:41:37 PM
|
[Markets]
Stocks Are Having Best Week of the Year
It’s having its best week since it gained 5.9% the week of Nov. 11, 2022, according to Dow Jones Market Data. The Nasdaq Composite has rallied 6.3%, pacing for its best week since Nov. 11, 2022, when it rose 8.1% for the week. “The Federal Reserve could not realistically have hoped for a better jobs report today but it will need to be one of a number of positive economic reports over the coming months before it's ready to declare victory,” writes Oanda analyst Craig Erlam.
Published:11/3/2023 10:53:35 AM
|
[Markets]
Dow Jones Rallies On Weak Jobs Report; Apple Stock Slides On Earnings
The Dow Jones rallied Friday on the Labor Department's weaker-than-expected October jobs report. Apple stock slid on earnings.
Published:11/3/2023 9:24:34 AM
|
[Markets]
Stock Futures Tick Higher After Jobs Report
Stock futures turned positive after Friday's jobs report came in cooler than expected. S&P 500 futures, which were down slightly prior to the report, were up 0.3%. Dow Jones Industrial Average futures were up 0.
Published:11/3/2023 7:50:05 AM
|
[Markets]
Dow Jones Futures Reverse Higher On Weak Jobs Report; Apple Stock Slides On Earnings
Dow Jones futures reversed higher Friday on the Labor Department's weaker-than-expected October jobs report. Apple stock slid on earnings.
Published:11/3/2023 7:43:40 AM
|
[Markets]
Dow Jones Soars 565 Points As Apple Sales Fall; Warren Buffett Stock Offers This 'Attractive Entry'
The Dow Jones surged as Treasury yields plunged. A Warren Buffett stock is offering an 'attractive entry point.' Apple sales fell again.
Published:11/2/2023 4:13:37 PM
|
[Markets]
How major US stock indexes fared Thursday, 11/2/2023
Wall Street roared higher, adding to its rally from the day before on hopes the Federal Reserve may finally be done with its market-rattling hikes to interest rates. The Dow added 564 points, and the Nasdaq composite climbed 1.8%. Stocks around the world leaped after the Federal Reserve late Wednesday hinted that a recent jump in Treasury yields may be acting like a rate-hike substitute.
Published:11/2/2023 3:22:25 PM
|
[Markets]
Dow Jones Rallies As Apple Earnings Loom; Warren Buffett Stock Offers 'Attractive Entry Point'
The Dow Jones surged as Treasury yields plunged. A Warren Buffett stock is offering an 'attractive entry point.' Apple earnings are due.
Published:11/2/2023 2:24:19 PM
|
[Markets]
Dow Jones Rallies 350 Points After Jobless Claims; Palantir Surges 21% As Apple Earnings Approach
The Dow Jones rallied 350 points Thursday after initial jobless claims. Palantir surged 20% on strong AI demand. And Apple earnings are next.
Published:11/2/2023 9:51:31 AM
|
[Markets]
Dow Jones Futures Rise After Jobless Claims; Palantir Surges As Apple Earnings Approach
Dow Jones futures rose Thursday after initial jobless claims. Palantir surged on strong AI demand. And Apple earnings are next.
Published:11/2/2023 7:49:36 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Jobless Claims; Palantir Surges As Apple Results Approach
Dow Jones futures rose Thursday ahead of the initial jobless claims. Palantir surged on strong AI demand. And Apple earnings are next.
Published:11/2/2023 7:20:34 AM
|
[Markets]
Stock Futures Rise After Fed Rate Decision
U.S. stock futures climbed early Thursday as the major indexes looked set to build on the gains made after the Federal Reserve’s decision to pause interest rates. Futures on the Nasdaq-100 rose 0.4%, S&P 500 futures climbed 0.3%, and Dow Jones Industrial Average futures were 0.1% up. While Powell’s pre-prepared remarks left another rate hike on the table, he was more dovish in his press conference, noting that policy is “clearly restrictive” at current levels.
Published:11/2/2023 3:50:11 AM
|
[Markets]
How major US stock indexes fared Wednesday, 11/1/2023
U.S. stocks rallied after the Federal Reserve indicated it may not need to pump the brakes any harder on Wall Street and the economy. The Dow gained 221 points, and the Nasdaq composite jumped 1.6%. Treasury yields also eased in the bond market after the Fed announced its decision to hold interest rates steady, as expected.
Published:11/1/2023 3:20:15 PM
|
[Markets]
Dow Jones Gains 230 Points As Fed's Powell Holds Rates; Chip Giant Rises On $2 Bil. AI Opportunity, Apple Next
Dow Jones reversed sharply but continued to hold some gains after Fed Powell left rates unchanged. Chip giant AMD rose on its AI potential.
Published:11/1/2023 2:34:19 PM
|
[Markets]
Stocks Gain After Fed Keeps Rates Steady
The stock market is gaining after the Federal Reserve announced that it is keeping interest rates steady for the moment. The Dow Jones Industrial Average is gaining 123 points points, or 0.4%, while the S&P 500 and Nasdaq Composite have gained 0.
Published:11/1/2023 1:12:36 PM
|
[Markets]
Stocks Are Rising as Investors Await Fed Decision
The stock market is higher on Wednesday. The Dow Jones Industrial Average is up 126 points, or 0.4%, while the S&P 500 is gaining 0.5%, and the Nasdaq Composite is up 0.6%. The data indicate that economic demand and the rate of inflation is on the decline, which means the Federal Reserve — while likely to keep interest rates elevated for some time — is more likely to cut rates at some point within the next year.
Published:11/1/2023 11:01:41 AM
|
[Markets]
Nike Outperforms Among Dow Jones Stocks In October; Crocs Earnings On Deck
CROX stock eases ahead of results Thursday. Footwear industry climbs on holiday shopping buzz. Nike outruns most Dow Jones stocks in October.
Published:11/1/2023 9:26:12 AM
|
[Markets]
Dow Jones Rises Ahead Of Fed Decision, Powell Comments; Paycom Crashes 37% On Earnings
The Dow Jones rose Wednesday ahead of the Fed's interest rate decision and Jerome Powell's comments. Paycom stock crashed on earnings.
Published:11/1/2023 9:18:02 AM
|
[Markets]
Dow Jones Falls Ahead Of Fed Decision, Powell Comments; Paycom Crashes 37% On Earnings
The Dow Jones fell Wednesday ahead of the Fed's interest rate decision and Jerome Powell's comments. Paycom stock crashed on earnings.
Published:11/1/2023 8:49:56 AM
|
[Markets]
Dow Jones Futures Drop Ahead Of Fed Decision, Powell Comments; AMD Slides On Earnings
Dow Jones futures dropped Wednesday ahead of the Fed's interest rate decision and Jerome Powell's comments. AMD stock slid on earnings.
Published:11/1/2023 7:08:43 AM
|
[Markets]
Stock Futures Fall Ahead of Fed Decision
U.S. stock futures edged lower early Wednesday ahead of the Federal Reserve’s interest-rate decision as the stock market’s recent momentum took a pause. The technology-heavy Nasdaq Composite was the worst performer, falling 2.8% in October, while the S&P 500 declined 2.2% and the Dow Jones Industrial Average was 1.4% down. “Normally this doesn’t get much attention but given the massive runup in rates over recent months, especially since the last refunding announcement, the concern is that any surprises could help push long-dated yields even higher,” Deutsche Bank analyst Jim Reid said in a note Wednesday.
Published:11/1/2023 3:43:25 AM
|
[Markets]
Dow Jones Rises As Fed, Key Treasury Event Loom; Cathie Wood Scoops Up Fintech
The Dow Jones Industrial Average rose 0.4% at the closing bell while the S&P 500 added a 0.7% gain on the stock market today. Investors are looking ahead to Wednesday, when the Treasury's quarterly refunding announcement is due. Treasury officials are expected to give details of the $776 billion debt offering for the fourth quarter and $816 billion in the first quarter of 2024.
Published:10/31/2023 3:35:26 PM
|
[Markets]
Stocks Battle Back Into Positive Territory
Stocks battled back into positive territory on Tuesday as the big three indexes looked to salvage the final day of a terrible month. The Dow Jones Industrial Average was up 55 points, or 0.2%. The S&P 500 was up 0.
Published:10/31/2023 12:49:44 PM
|
[Markets]
Stock Market Seems Confused; This Chip Stock Soars After Earnings
The stock market major indexes scrambled for direction on Tuesday. This heavy equipment stock sold off and was the Dow's worst performer.
Published:10/31/2023 9:57:17 AM
|
[Markets]
October Has Been a Scary Month for Stocks
The S&P 500 and Nasdaq Composite were both on track to wrap up their worst October since 2018. The S&P 500 has fallen 3% this month, marking its third-straight month of declines. The S&P 500 is down 9.4% over the last three months, its worst three-month period since April to June 2022 and its longest monthly losing streak since March 2020, according to Dow Jones Market Data.
Published:10/31/2023 9:37:34 AM
|
[Markets]
Dow Jones Falls 125 Points After Key Housing Data; Caterpillar Dives On Earnings
The Dow Jones Industrial Average dropped 125 points Tuesday after key housing data. Tesla stock continued to slide after Monday's dive.
Published:10/31/2023 8:42:22 AM
|
[Markets]
Dow Jones Futures Fall After Key Housing Data; Tesla Stock Continues To Slide
Dow Jones futures dropped Tuesday after key housing data. Tesla stock continued to slide after Monday's dive.
Published:10/31/2023 8:13:29 AM
|
[Markets]
Dow Jones Futures Reverse Ahead Of Key Housing Data; Tesla Stock Continues To Slide
Dow Jones futures reversed lower. Tuesday ahead of key housing data. Tesla stock continued to slide after Monday's dive.
Published:10/31/2023 7:56:30 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Key Housing Data; Tesla Stock Continues To Slide
Dow Jones futures rose Tuesday ahead of key housing data. Tesla stock continued to slide after Monday's dive.
Published:10/31/2023 7:11:57 AM
|
[Markets]
Dow Jones Soars 511 Points As Yields Rise Ahead Of Fed; Cathie Wood Buys These 3 Plunging Stocks
The Dow Jones soared even as yields rose ahead of the latest Fed meeting. Cathie Wood snapped up some plunging stocks. Tesla stock plunged.
Published:10/30/2023 3:51:17 PM
|
[Markets]
The Dow Snaps 3-Day Losing Streak
Stocks roared higher on Monday, with the Dow Jones Industrial Average snapping a three-day losing streak. The Dow Jones Industrial Average rose about 510 points, or 1.6%, its first daily gain of more than 1% since Aug. 7. The Nasdaq Composite rose 1.2%.
Published:10/30/2023 3:19:35 PM
|
[Markets]
Dow edging closer to bearish ‘death cross’ signal: What it would mean for stocks
Dow edging closer to bearish ‘death cross’ signal: What it would mean for stocks
Published:10/30/2023 3:00:20 PM
|
[Markets]
Dow Gains Over 500 Points in Afternoon Trading
The Dow Jones Industrial Average was rallying on Monday as oil futures slid. The Dow was up 544 points, or 1.7%, in afternoon trading. The S&P 500 and Nasdaq Composite, which both slid into correction territory last week, were up over 1%.
Published:10/30/2023 2:54:03 PM
|
[Markets]
Dow Jones Jumps As Yields Rise Ahead Of Fed; Cathie Wood Buys These 3 Plunging Stocks
The Dow Jones jumped even as yields rose ahead of the latest Fed meeting. Cathie Wood snapped up some plunging stocks. Microsoft stock rose.
Published:10/30/2023 2:47:54 PM
|
[Markets]
Dow Jones Gains Nearly 500 Points; Warren Buffett-Backed EV Hits Record Profit As Tesla Plunges
The Dow Jones Industrial Average added to the morning's gains and was up nearly 500 points, or 1.5%, in early afternoon trades Monday. The gains came as the Federal Reserve prepared for a two-day meeting starting Tuesday. Fed Chair Jerome Powell and the rest of the governing body are widely expected to keep rates unchanged.
Published:10/30/2023 1:01:15 PM
|
[Markets]
Dow Gains 480 Points in Afternoon Trading
The Dow Jones Industrial Average was rallying on Monday as oil futures slid. The Dow was up 485 points, or 1.5%, in afternoon trading. The S&P 500 and Nasdaq Composite, which both slid into correction territory last week, were up 1%.
Published:10/30/2023 12:42:15 PM
|
[Markets]
Dow Jones Leader Walmart Eyes Buy Point; Lululemon, Tradeweb Are Stocks To Watch
Dow Jones retail giant Walmart is near a new buy point, while Lululemon and Tradeweb are stocks to watch in today's stock market.
Published:10/30/2023 12:29:59 PM
|
[Markets]
GLOBAL MARKETS-Dollar falls vs yen, stocks advance; focus on rates outlook, earnings
Global stock indexes were higher with the Dow Jones industrial average up more than 1% Monday as investors await further earnings reports, while the dollar fell to a two-week low against the yen ahead of central bank meetings. oil prices dropped partly as fears eased about the Israel-Hamas war disrupting supply from the region, and U.S. Treasury yields rose before the Treasury Department's update on its expected financing need for the current quarter. Investors are awaiting the outcome of meetings at the Bank of Japan (BOJ) on Tuesday, the Federal Reserve on Wednesday and the Bank of England (BoE) on Thursday.
Published:10/30/2023 11:33:24 AM
|
[Markets]
Dow Jones Rises As Apple Climbs Ahead Of Earnings; GM Reportedly Settles With UAW
The Dow Jones Industrial Average added nearly 250 points, or 0.8%, in the first hour of trading Monday. Chair Jerome Powell and the rest of the Fed are widely expected to keep rates unchanged during the two-day meeting ending Wednesday. Major indexes trimmed opening gains, although the Dow held near the morning's highs.
Published:10/30/2023 10:16:11 AM
|
[Markets]
Dow Jones Rallies 300 Points Ahead Of Fed Meeting; McDonald's Jumps On Earnings
The Dow Jones rallied 300 points Monday ahead of the Federal Reserve's two-day meeting. Meanwhile, Apple earnings are due Thursday.
Published:10/30/2023 9:00:12 AM
|
[Markets]
Dow Jones Rallies 250 Points Ahead Of Fed Meeting; McDonald's Jumps On Earnings
The Dow Jones rallied 250 points Monday ahead of the Federal Reserve's two-day meeting. Meanwhile, Apple earnings are due Thursday.
Published:10/30/2023 8:38:33 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Fed Meeting; Apple Earnings, Jobs Report Loom
Dow Jones futures rose Monday, as Wall Street awaits the Federal Reserve's two-day meeting. Meanwhile, Apple earnings are due Thursday.
Published:10/30/2023 7:23:56 AM
|
[Markets]
Japan's Nikkei falls over 1% ahead of central bank meetings in Japan, US
Japan's Nikkei share average fell more than 1% on Monday, tracking declines on the Dow, as caution ahead of central bank meetings in the United States and Japan hurt risk appetite. On Friday, the Dow Jones Industrial Average lost 1.12% and the S&P 500 lost 0.48%, as investors digested a hectic week of mixed earnings, and economic data that seemed to support the "higher for longer" interest rate scenario. The U.S. Federal Reserve will keep its key interest rate on hold on Nov. 1 and may wait longer than previously thought before cutting it, according to economists in a Reuters poll, as the central bank's higher-for-longer message gains traction.
Published:10/29/2023 10:11:34 PM
|
[Markets]
5 Ominous Charts That Suggest the Dow Jones, S&P 500, and Nasdaq Composite Are Still in a Bear Market
Since this decade began, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-focused Nasdaq Composite (NASDAQINDEX: ^IXIC), have vacillated between bull and bear markets. Although all three major stock indexes rallied more than 20% off of their 2022 bear market lows, and they appeared to be in the midst of establishing a new bull market, a multitude of economic datapoints suggest the declaration of a new bull market may be a bit premature. While forecasting short-term directional movements in the stock market with 100% accuracy is impossible, five ominous charts strongly imply that the Dow Jones, S&P 500, and Nasdaq Composite remain firmly entrenched in a bear market.
Published:10/29/2023 4:24:00 AM
|
[Markets]
Stocks Slide. S&P on Pace to Enter Correction Territory.
The S&P 500 was on pace to enter correction territory. The S&P 500 was down 0.8%, and the Nasdaq Composite was up just 0.1% after rallying higher on better-than-expected earnings from Amazon—which isn’t in the Dow—and Intel. The energy sector of the S&P 500 was hit especially hard on Friday, dropping 2.2%.
Published:10/27/2023 2:55:13 PM
|
[Markets]
Dow and S&P 500 Falling as Week Closes Out
Stocks were mostly falling on Friday to close out a tough week for the broader market. The Dow Jones Industrial Average was down 262 points, or 0.8%. The S&P 500 was down 0.4%. The Nasdaq Composite was up 0.
Published:10/27/2023 12:36:11 PM
|
[Markets]
Dow Dives But Magnificent Seven Reverse Higher; Buffett's Berkshire Slammed With Lawsuit
The Dow Jones rose after chip giant Intel beat analyst estimates and Warren Buffett's Berkshire fell amid a law suit by the Haslam family.
Published:10/27/2023 11:35:16 AM
|
[Markets]
Indexes Mixed After Intel's Beat And Raise Report; Buffett's Berkshire Slammed With Lawsuit
The Dow Jones rose after chip giant Intel beat analyst estimates and Warren Buffett's Berkshire fell amid a law suit by the Haslam family.
Published:10/27/2023 10:43:18 AM
|
[Markets]
Dow Jones Falls 175 Points On Key Inflation Data; Amazon Stock Surges On Earnings
The Dow Jones Industrial Average fell 175 points Friday on key inflation data. Amazon stock surged on strong earnings results.
Published:10/27/2023 10:12:58 AM
|
[Markets]
Dow Jones Falls 100 Points On Key Inflation Data; Amazon Stock Surges On Earnings
The Dow Jones Industrial Average fell 100 points Friday on key inflation data. Amazon stock surged on strong earnings results.
Published:10/27/2023 9:08:17 AM
|
[Markets]
Dow Jones Falls On Key Inflation Data; Amazon Stock Surges On Earnings
The Dow Jones Industrial Average fell Friday on key inflation data. Amazon stock surged on strong earnings results.
Published:10/27/2023 8:42:39 AM
|
[Markets]
Dow Jones Futures Rise On Key Inflation Data; Amazon Stock Surges On Earnings
Dow Jones futures rose Friday morning on key inflation data. Amazon stock surged on strong earnings results.
Published:10/27/2023 8:07:26 AM
|
[Markets]
Beat the Dow Jones With This Cash-Gushing Dividend Stock
Financial reporters Charles Dow and Edward Jones launched their eponymous index in 1896, following the fate of 12 of America's largest industrial and commercial concerns. Today the Dow Jones Industrial Average comprises 30 major companies that represent a cross-section of the economy and it serves as a snapshot and benchmark for millions of investors around the world. Of course, there are stocks that have outperformed the Dow, and one to consider now is a major owner of casinos and other experiential locales.
Published:10/27/2023 7:36:32 AM
|
[Markets]
Dow Jones Futures Fall Ahead Of Key Inflation Data; Amazon Stock Surges On Earnings
Dow Jones futures fell Friday ahead of key inflation data. Amazon stock surged on strong earnings results.
Published:10/27/2023 7:04:06 AM
|
[Markets]
Dow Jones Dives 252 Points As Magnificent 7 Get Hit; Meta Stock Plunges On Israel-Hamas Warning
The Dow Jones fell as Magnificent 7 names like Apple and Tesla stock dived. Meta plunged on an Israel-Hamas warning. Amazon earnings beat.
Published:10/26/2023 3:48:45 PM
|
[Markets]
Dow Jones Dips As Magnificent 7 Get Hit; Meta Stock Plunges On This Israel-Hamas Warning
The Dow Jones fell as Magnificent 7 names like Apple and Tesla stock dived. Meta plunged on an Israel-Hamas warning. Amazon earnings are due.
Published:10/26/2023 2:35:24 PM
|
[Markets]
Dow Jones Falls As Meta Drops On Ad Woes; Warren Buffett Increases Key Holding As Apple Falls Below Key Level With Earnings Due
The Dow dropped 0.8% and now sits well below all its key moving averages. Both indexes have broken their 200-day moving averages and erased all gains since late May. The small-cap Russell 2000 was up 1.2% at one point but gave up its gains and was slightly down in afternoon action. Volume on the New York Stock Exchange and on the Nasdaq was higher compared with the same time on Wednesday.
Published:10/26/2023 1:16:08 PM
|
[Markets]
Dow Jones Falls Amid Hot GDP, Other Data; AI Play Soars After Earnings
The Dow Jones Industrial Average fell 0.1% in mid-morning trades amid hot economic data while the sell-off in other indexes continued. The blue chip index is below its key moving averages. The S&P 500 fell 0.4% in the stock market today, while the Nasdaq underperformed with a 0.9% loss.
Published:10/26/2023 10:09:19 AM
|
[Markets]
Beat the Dow Jones With UnitedHealth Group Stock
One name that has routinely outperformed the markets is health insurance giant UnitedHealth Group (NYSE: UNH). While it may not be a hot tech stock and health insurance may not sound all that exciting, the stock's returns can be. UnitedHealth is one of the top healthcare companies, and here's a look at why it can help you beat the Dow Jones Industrial Average.
Published:10/26/2023 9:19:03 AM
|
[Markets]
Dow Jones Falls After GDP, Jobless Claims; Meta Stock Dives On Earnings, Amazon Next
The Dow Jones dropped Thursday after jobless claims and GDP data. Meta dived on earnings. And Amazon earnings are next.
Published:10/26/2023 8:54:47 AM
|
[Markets]
Dow Jones Futures Slide After GDP, Jobless Claims; Meta Dives On Earnings
Dow Jones futures dropped Thursday after jobless claims and GDP data. Meta dived on earnings. And Amazon earnings are next.
Published:10/26/2023 7:47:04 AM
|
[Markets]
12 Best Dow Jones Dividend Stocks According to Hedge Funds
In this article, we discuss 12 best Dow Jones dividend stocks according to hedge funds. You can skip our detailed analysis of dividend stocks and their performance, and go directly to read 5 Best Dow Jones Dividend Stocks According to Hedge Funds. The Dow Jones Industrial Average, often simply referred to as the Dow, is […]
Published:10/26/2023 7:25:19 AM
|
[Markets]
Dow Jones Futures Slide Ahead Of GDP, Jobless Claims; Meta Dives On Earnings
Dow Jones futures dropped Thursday ahead of jobless claims and GDP data. Meta dived on earnings. And Amazon earnings are next.
Published:10/26/2023 7:13:54 AM
|
[Markets]
Dow Jones Falls As Johnson Becomes House Speaker; Meta Rises After Earnings Report
Dow Jones fell as Mike Johnson became House Speaker; GOOGL fell on earnings; Microsoft rose on Azure revenues. META on deck.
Published:10/25/2023 3:43:08 PM
|
[Markets]
GLOBAL MARKETS-Stocks struggle as soft earnings compound interest rate headache
Stocks slipped on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, adding to the angst over painfully high interest rates, while benchmark U.S. Treasury yields and the dollar ticked up. Shares of Alphabet Inc plunged nearly 10% after the Google parent reported disappointing cloud services revenue, reviving fears of an economic slowdown and dragging down the broader communication services sector. The Dow Jones Industrial Average finished down 0.32%, the S&P 500 lost 1.43% and the Nasdaq Composite dropped 2.43%.
Published:10/25/2023 3:36:27 PM
|
[Markets]
Dow Jones Reverses Lower As Johnson Wins House Speaker Post; AI Race Leaves GOOGL Behind
Dow Jones fell as Mike Johnson became House Speaker; GOOGL fell on earnings; Microsoft rose on Azure revenues. META on deck.
Published:10/25/2023 2:35:33 PM
|
[Markets]
Dow Jones Leads Mixed Stock Market; Google Loses Billions
The major indexes showed mixed results midday as the Dow showed off its strength. Shares of Block sold off with payment stocks Wednesday.
Published:10/25/2023 12:01:47 PM
|
[Markets]
Dow Jones Leads Mixed Market; Google Stock Loses Billions
The major indexes showed mixed results midday as the Dow showed off its strength. Shares of Block sold off with payment stocks Wednesday.
Published:10/25/2023 11:51:15 AM
|
[Markets]
Stock Market Dow Jones Leads; Google Stock Loses Billions
The major indexes showed mixed results midday as the Dow showed off its strength. Shares of Block sold off with payment stocks Wednesday.
Published:10/25/2023 11:43:43 AM
|
[Markets]
11 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment
In this article, we discuss 11 best Dogs of the Dow ranked by hedge fund sentiment. You can skip our detailed analysis of the investment strategy and the performance of dividend stocks, and go directly to read 5 Best Dogs of the Dow Stocks Ranked By Hedge Fund Sentiment. The Dogs of the Dow strategy […]
Published:10/25/2023 11:17:07 AM
|
[Markets]
Stock Market Feels Earnings Pain; Google Stock Tanks On Cloud Revenue Miss
The stock market gave back premarket gains in the first hour of trading on Wednesday, with all the major indexes posting losses. The Nasdaq sold off 1.5% in the stock market today as the Dow Jones Industrial Average edged lower 0.4%. The Nasdaq held above its 200-day moving average, while the S&P 500 fell back below that threshold.
Published:10/25/2023 10:16:54 AM
|
[Markets]
Microsoft post-earnings rally decisive as Dow industrials rise early Wednesday
Microsoft post-earnings rally decisive as Dow industrials rise early Wednesday
Published:10/25/2023 9:01:38 AM
|
[Markets]
The Dow Is Holding Up Because It Has Microsoft and Not Alphabet
The Dow Jones Industrial Average was outperforming the S&P 500 on Wednesday, in part because it includes Microsoft and not Alphabet. The Dow was up 65 points or 0.2% shortly after the market opened on Wednesday. Microsoft stock, with a gain of 3.9%, was contributing 83.77 points to the Dow, according to Dow Jones Market Data.
Published:10/25/2023 9:01:38 AM
|
[Markets]
Boeing Stock Rises Despite 9th Consecutive Money-Losing Quarter, Missing Across The Board And Cutting 737 Delivery Guidance
Boeing Stock Rises Despite 9th Consecutive Money-Losing Quarter, Missing Across The Board And Cutting 737 Delivery Guidance
Shares of Boeing jumped 3% in premarket trading Wednesday, after the company that sells airplanes that were "designed by clowns who are supervised by monkeys", reported revenues and earnings that missed, including the company's ninth consecutive money-losing quarter, free cash flow which came in worse than expectations (it burned through $310 million, worse than the $252 million expected) and cut its annual delivery target for 737 deliveries (again), but reaffirmed the full-year outlook for free cash flow which apparently was enough for the market to push its stock higher, if only for a few hours.
Here is a snapshot of what BA reported for Q3.
- EPS loss per share of $3.26, missing the -2.96 estimate.
- Revenue $18.10 billion, missing estimates of $18.16 billion
- Commercial Airplanes revenue $7.88 billion, beating estimates of $7.47 billion
- Defense, Space & Security revenue $5.48 billion, missing estimates of $6.05 billion, which is remarkable with not one but two wars taking place
- Global Services revenue $4.81 billion, beating estimates of $4.74 billion
- Operating cash flow $22 million, missing the estimate of $448.2 million
- Negative adjusted free cash flow $310 million, estimate negative $252.6 million
The top line summarized:
The company’s income was dented by the supplier snarls that caused 737 deliveries to plunge by a third from the previous quarter. Losses at the defense subsidiary included a charge of $482 million to kit out the next Air Force One presidential aircraft (because Biden's handlers must travel in style).
Commercial airplanes had a Q3 operating loss of $678 million, missing the estimated loss of $624.4 million
Defense, Space & Security had an even bigger operating loss at $924 million, twice as bad as the estimated loss of $461.9 million, and a -16.9% margin, which is remarkable with not one but two wars going on.
On the balance sheet, there were almost no changes, with cash dropping about half a billion as debt remained unchanged from Q2.
But despite the mixed results, the reason why the stock is higher for now is that in its 2023 projections, the company affirmed its guidance for free cash flow of $3.0 billion to $5.0 billion and for 70 to 80 787 deliveries, even as it cut its outlook for 737 deliveries to 375 to 400 from 400 to 450 due to another round of quality issues (of course) which have led to delivery delays.
Boeing’s start-stop comeback from the pandemic has frustrated investors and customers at a time when demand for new jets is booming. In a message to employees, Chief Executive Officer Dave Calhoun said “it’s on us to perform,” highlighting how the company has struggled to increase production as it struggles with quality lapses at it’s largest suppliers.
“When we set our recovery plans, we knew issues would come up along the way,” Calhoun said in the memo. “This is a complex long-cycle business and enduring change takes time.”
Investors will be looking for more details around inspections and repairs needed for the aft pressure bulkhead in some 737 Max jets, the latest production glitch uncovered at Spirit AeroSystems Holdings Inc., when Boeing hosts an earnings call later this morning.
Boeing's stock has dropped 14.8% over the past three months through Tuesday while the Dow Jones Industrial Average has shed 6.5%. It rose as much as 3% premarket before fading gains after the open; we expect it to close red.
Full earnings presentation below (pdf link).
Tyler Durden
Wed, 10/25/2023 - 09:44
Published:10/25/2023 8:52:18 AM
|
[Markets]
Dow Jones Falls Ahead Of Powell Speech; Alphabet Dives On Earnings, Meta Results Next
The Dow Jones dropped Wednesday ahead of Fed Chair Powell's afternoon speech. Alphabet dived on earnings, while Meta results are next.
Published:10/25/2023 8:52:18 AM
|
[Markets]
Stocks Mixed After Big Tech Earnings
Stocks were mixed shortly after the market opened on Wednesday as investors reacted to the first wave of big tech earnings reports. The Dow Jones Industrial Average was up 80 points, or 0.2%. The S&P 500 was down 0.
Published:10/25/2023 8:46:09 AM
|
[Markets]
Asia Mixed, Europe Slides, Crude Under $85 While Gold Hovers Around $2K - Global Markets Today While US Was Sleeping
On Tuesday, October 24, U.S. stock markets closed higher as investor sentiment improved due to favorable corporate earnings. Under economic data, the U.S. manufacturing PMI rose to 50 in October, beating expectations, while the Services PMI increased to 50.9 in the same month, compared to 50.1 in the previous month. Investors await GDP and PCE price index data later this week, which may impact Federal Reserve policy. The Dow Jones Industrial Average increased by 0.62% to 33,141.38, the S&P 500 w
Published:10/25/2023 8:09:59 AM
|
[Markets]
These 2 Stocks Are Giving the Dow Jones Industrials a Lift
It has been pretty rare for the Dow Jones Industrial Average (DJINDICES: ^DJI) to take a leadership role in the stock market lately. Many investors have focused instead on major market benchmarks with more of a concentration in high-growth stocks rather than the tried-and-true, mature businesses that make up the 30 constituents of the Dow. On Wednesday morning, though, the Dow looked as if it were on pace to outperform its peer stock indexes.
Published:10/25/2023 8:02:22 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Powell Speech; Alphabet Dives On Earnings, Meta Results Next
Dow Jones futures rose Wednesday ahead of Fed Chair Powell's afternoon speech. Alphabet dived on earnings, while Meta results are next.
Published:10/25/2023 7:22:04 AM
|
[Markets]
These 3 Dow Jones Stocks Could Soar 19% to 29% Over the Next 12 Months, According to Wall Street
All three of these Dow stocks are down year to date. But analysts think each one is poised for a rebound.
Published:10/25/2023 5:03:44 AM
|
[Markets]
Dow Jones posts 200 point gain, S&P 500 snaps year’s longest losing streak
Dow Jones posts 200 point gain, S&P 500 snaps year’s longest losing streak
Published:10/24/2023 3:39:35 PM
|
[Markets]
GLOBAL MARKETS-Stocks rebound on earnings, stabilized Treasuries
Global stocks advanced on Tuesday as positive corporate earnings spurred some investor risk appetite, although caution remained given the war in the Middle East and looming make-or-break data for the outlook for U.S. interest rates. Oil fell further after a flurry of weak economic data sketched a bearish picture that could weigh on oil demand, eclipsing worries that the Israel-Hamas war could escalate into a wider conflict in the crude-exporting region. The Dow Jones Industrial Average rose 0.5%, the S&P 500 gained 0.5%, and the Nasdaq Composite added 0.6%.
Published:10/24/2023 1:58:16 PM
|
[Markets]
Dow Jones Loses Thunder, But Still On Track To End Losing Streak; Factory Data Posts A Surprise Gain
The Dow Jones Industrial Average got off on the right foot in morning trades Tuesday but those gains were fading by the afternoon.
Published:10/24/2023 12:52:01 PM
|
[Markets]
GLOBAL MARKETS-Stocks rebound on earnings, stabilized Treasuries
Global stocks advanced on Tuesday as positive corporate earnings spurred some investor risk appetite, although caution remained given the war in the Middle East and looming make-or-break data for the outlook for U.S. interest rates. Oil fell further after a flurry of weak economic data sketched a bearish picture which could weigh on oil demand, eclipsing worries that the Israel-Hamas war could escalate into a wider conflict in the crude-exporting region. The Dow Jones Industrial Average rose 0.87%, the S&P 500 gained 0.85%, and the Nasdaq Composite added about 1%.
Published:10/24/2023 10:46:50 AM
|
[Markets]
Earnings Surprises Point To End Of Dow Jones Losing Streak; Manufacturing Data Rises Unexpectedly
Fueled by a number of surprisingly strong earnings reports, the Dow Jones Industrial Average got off on the right foot in morning trades Tuesday.
Published:10/24/2023 10:03:15 AM
|
[Markets]
Dow Jones Rallies 275 Points On Key Economic Data; Alphabet, Microsoft Earnings Next
The Dow Jones rallied 275 points Tuesday after key economic data. Tech titans Alphabet and Microsoft will report earnings after the close.
Published:10/24/2023 9:50:16 AM
|
[Markets]
Dow Jones Rallies 250 Points On Key Economic Data; Alphabet, Microsoft Earnings Next
The Dow Jones rose Tuesday after key economic data. Tech titans Alphabet and Microsoft will report earnings after the close.
Published:10/24/2023 9:12:49 AM
|
[Markets]
3 Dow Jones Stocks Are Celebrating Tuesday Morning
For many investors, the 30 stocks in the Dow Jones Industrial Average (DJINDICES: ^DJI) are the focal point of their investing process. With earnings season in full bloom, several Dow Jones stocks reported their latest financial results. Verizon Communications (NYSE: VZ), 3M (NYSE: MMM), and Coca-Cola (NYSE: KO) all performed well enough to give their shareholders a nice boost on Tuesday morning.
Published:10/24/2023 8:24:06 AM
|
[Markets]
Asia Markets Recover, Europe Mixed, Crude Trades At $86 - Global Markets Today While US Was Sleeping
On Monday, October 23, the U.S. stock markets closed mixed as Treasury yields retreated from 5%, and investors turned their attention to upcoming earnings and economic data. Nasdaq closed higher, ending a four-day losing streak. Communication services showed the most significant gain among the S&P 500’s 11 major sectors, while energy shares experienced the most significant percentage decline. The Dow Jones Industrial Average declined by 0.58% to 32,936.41, the S&P 500 was down 0.17% to 4,217.04,
Published:10/24/2023 7:54:49 AM
|
[Markets]
Dow Jones Futures Rise Ahead Of Key Economic Data; Alphabet, Microsoft Earnings Next
Dow Jones future rose Tuesday ahead of key economic data. Tech titans Alphabet and Microsoft will report earnings after the close.
Published:10/24/2023 7:29:50 AM
|
[Markets]
2 Historically Cheap Dow Dividend Kings That Are Ripe for the Picking
These inexpensive Dow components have achieved royalty status among income stocks -- more than 60 consecutive years of dividend increases.
Published:10/24/2023 4:32:45 AM
|
[Markets]
Dow Jones Futures Rise: Market Correction Worsens; Bitcoin Surges 15%
Dow Jones futures: The stock market correction worsened Monday. Tech titans Amazon, Alphabet, Meta and Microsoft will report this week.
Published:10/23/2023 9:41:36 PM
|
[Markets]
These 2 Dow Stocks Got Wall Street's Attention on Monday
The Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to finish higher on the day, but a late-day drop sent the S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) back into negative territory. Investors on Wall Street often look closely at the 30 Dow stocks, because they each play such a key role in their respective industries. On Monday, Dow component Walgreens Boots Alliance (NASDAQ: WBA) got favorable comments from analysts that bolstered its share price, but fellow Dow component Salesforce (NYSE: CRM) wasn't as fortunate.
Published:10/23/2023 5:45:02 PM
|
[Markets]
Dow Jones Futures: Market Correction Worsens; Amazon, Alphabet, Meta, Microsoft To Report
Dow Jones futures: The stock market correction worsened Monday. Tech titans Amazon, Alphabet, Meta and Microsoft will report this week.
Published:10/23/2023 4:04:49 PM
|
[Markets]
Bitcoin & Bonds Bid After 'Bearish-Bill' Bails; Black Gold & The Buck Breakdown
Bitcoin & Bonds Bid After 'Bearish-Bill' Bails; Black Gold & The Buck Breakdown
I don't like Mondays..." anymore...
There have been 15 'Up' Mondays in a row for US equities (there hasn't been a down Monday since before July 4th) until today...
Geopolitically, things did not appear to get seriously worse over the weekend but BoJ YCC-change chatter and Japan's PM comments sent yields higher overnight. 10Y JGB yields hit 88bps intraday - the highest since Jul 2013...
Source: Bloomberg
UST Yields started to fall as Europe opened but Bill Ackman announcing that he was exiting his UST short (at a profit) triggered a big leg lower in yields which in turn pushed stocks back up into the green for the day.
10Y yield topped 5.00% for the first time since 2007...
Source: Bloomberg
The markets all shifted at that 0945ET tweet from Ackman with the dollar dumping, bitcoin and stocks jumping, and the yield curve flattening. Morgan Stanley said 5% was buying point...
Source: Bloomberg
For a yield-lower close day, today was the largest intraday swing since the regional banking crisis in March...
Equity markets soared as yields plunged, and we reminder readers that today marks the first day of the estimated open Buyback window period (which may have helped accelerate the exuberant BTFD move). Late day headlines on NVDA sparked selling in INTC and sent the majors lower with Small Cap and The Dow the biggest losers with the S&P swinging notably red (as we not.
The drop in yields prompted buying the longest-duration stocks with tech stocks leading and energy lagging (as oil tanked)...
Source: Bloomberg
Growth stocks dramatically outperformed Value stocks...
Source: Bloomberg
News that NVDA would make PC chips smashed INTC lower and took the shine of the major US indices. NVDA was not that moved..
Bitcoin topped $31k...
Source: Bloomberg
The dollar dumped, erasing half the CPI spike
Source: Bloomberg
Oil prices slipped lower today, holding at the highs of the day Israel was attacked...
Gold was down modestly after futs topped $2000 intraday, still dramatically higher since Israel was attacked ...
Finally, the sovereign risk of the USA continues to worsen...
Source: Bloomberg
...probably nothing!
Meanwhile, financial conditions continue to tighten...
...now near their tightest since The Fed began this inflation-fighting cycle. “Given that the impact from a tightening in financial conditions on GDP typically takes 1-2 years, the full effect of the severe tightening that took place last year has yet to be felt,” wrote JPM's Marko Kolanovic.
Tyler Durden
Mon, 10/23/2023 - 16:00
Published:10/23/2023 3:50:04 PM
|
[Markets]
Dow Jones closes 190 points lower, S&P 500 books longest losing streak of 2023
Dow Jones closes 190 points lower, S&P 500 books longest losing streak of 2023
Published:10/23/2023 3:50:03 PM
|
[Markets]
Dow Jones Falls 191 Points As Bill Ackman Unwinds This Big Bet; Tesla Stock Fights For Key Level
The Dow Jones fell. Famed investor Bill Ackman closed a bearish bet. Tesla stock rose. Okta plunged again amid fallout from a cyberattack.
Published:10/23/2023 3:50:03 PM
|
[Markets]
Dow industrials narrowly positive, with Walgreens and American Express in lead
Dow industrials narrowly positive, with Walgreens and American Express in lead
Published:10/23/2023 1:19:32 PM
|
[Markets]
All Equity Index Charts Are Now Bearish
No help is coming from market breadth as the cumulative advance/decline lines remain bearish as well. On the other hand, forward 12-month consensus earnings estimates for the S&P 500 continue to shrink, thus leaving its forward 12-month P/E still significantly extended above ballpark fair value (see below). The selling pressure was strong enough to cause all but the Dow Jones Transports to close below their support levels.
Published:10/23/2023 9:35:35 AM
|
[Markets]
Dow Jones Slides 200 Points As Yields Top 5%; Tesla Stock Continues To Dive
The Dow Jones dropped 200 points Monday, as the 10-year Treasury yield again topped 5%. Tesla stock extended last week's losses.
Published:10/23/2023 8:58:46 AM
|
[Markets]
Dow Jones Slides 175 Points As Yields Top 5%; Tesla Stock Continues To Dive
The Dow Jones dropped 175 points Monday, as the 10-year Treasury yield again topped 5%. Tesla stock extended last week's losses.
Published:10/23/2023 8:42:02 AM
|
[Markets]
WBA Stock Jumps On Upgrade, Target Hike. New CEO, 'New Era' Analyst Says
JPMorgan upgraded WBA stock to buy early Monday, expecting Walgreens' new CEO to usher in "a new era" for the Dow Jones pharmacy giant.
Published:10/23/2023 8:30:31 AM
|
[Markets]
Dow Jones Futures Slide 200 Points As Yields Top 5%; Tesla Stock Extends Losses
Dow Jones futures briefly dropped 200 points Monday, as the 10-year Treasury yield again topped 5%. Tesla stock extended last week's losses.
Published:10/23/2023 7:12:37 AM
|
[Markets]
4 Dow Stocks Yield over 5%. Here's My Top Pick of the 4 to Buy Now.
Because of how it's configured and because it only has 30 components, the Dow Jones Industrial Average (DJINDICES: ^DJI) (DJIA) isn't considered as good a measure of the broader stock market as the S&P 500 or the Nasdaq Composite. For that reason, the DJIA can serve as a great starting point for investors searching for quality dividend stocks. Out of the 30 components in the Dow Jones Industrial Average, the chemical company Dow (NYSE: DOW), Verizon Communications (NYSE: VZ), 3M (NYSE: MMM), and Walgreens Boots Alliance (NASDAQ: WBA) are the only four stocks with dividend yields above 5%.
Published:10/21/2023 6:32:13 AM
|
[Markets]
These 2 Dow Stocks Moved Markets This Week
When any of the 30 companies that are in the Dow Jones Industrials report their latest financial results, it has the potential to move the entire market. On Tuesday morning, both Johnson & Johnson (NYSE: JNJ) and Goldman Sachs (NYSE: GS) gave investors their quarterly reports for the third quarter.
Published:10/21/2023 5:36:36 AM
|