As investors processed a flurry of significant quarterly reports and readied themselves for the start of the big tech earnings season, stocks were trading lower on Tuesday. A 122 point, or 0.4%, decline in the Dow Jones Industrial Average was seen. The Nasdaq Composite was down 1% and the S&P …
Read More »Tesla drags Nasdaq lower ahead of tech earnings
While investors awaited reports from Megacap businesses and important economic data this week, the Nasdaq led Wall Street losses on Monday as Tesla shares were pressured due to the company’s intentions to increase spending.Tesla Inc. fell 3.4% as a result of the automaker increasing its projected capital expenditures for 2023 …
Read More »Nasdaq futures fall 1% as Tesla earnings disappoint
On Thursday, Nasdaq futures declined 1% as investors became concerned about the prospects for U.S. interest rates and Tesla shares fell after the electric vehicle manufacturer reported its lowest quarterly gross margin in two years. The major U.S. stock indices have held firm this week as mixed bank earnings allayed …
Read More »U.S. stock futures hover near flatline amid key economic data
U.S. stock futures were largely steady on Monday as traders re-entered the market after the Easter weekend and faced a slew of important economic reports that might influence the direction of Federal Reserve monetary policy going forward. At 11:00 GMT, the Nasdaq 100 futures were down 16 points or 0.13%, …
Read More »Nasdaq sinks on weak US economic data
US stocks were mostly down during the US trading session, with tech stocks sinking more markedly, after another hiring report showed a slowdown in private-sector job growth and a separate print showed growth at US service providers also experienced a pullback.The S&P 500 moved down 0.5%, while the Dow Jones …
Read More »Futures rise on gains in tech, growth shares; focus on jobs data
On Tuesday, advances in technology and growth sectors helped push U.S. stock index futures higher as investors anticipated important economic data that might determine the Federal Reserve’s course for monetary tightening. While sales of its Chinese-made electric vehicles increased in March, Tesla Inc. gained 1% in premarket trade. Its shares …
Read More »Futures edge lower as yields rise amid easing bank contagion fears
U.S. stock index futures slipped on Tuesday as Treasury yields rose amid easing worries about a banking crisis following First Citizens BancShares’ U.S. regulator-backed deal for failed Silicon Valley Bank. Benchmark 10-year yields rose to 3.545%, weighing on growth stocks such as Apple Inc, Meta Platforms and Alphabet Inc in …
Read More »US stocks end volatile week in the green territory
US stocks closed in positive territory on Friday after a volatile week following the Federal Reserve’s interest rate decision on Wednesday and further pressure in the banking sector. The S&P 500, which fell as much as 1% in early Friday trading, ended up 0.57%. The Dow Jones and technology-heavy Nasdaq …
Read More »US Stocks on hopes for banking crisis to ease
US stocks rose Monday, as traders grew hopeful that a crisis in the banking sector may be easing. The gains followed a forced takeover of Credit Suisse by UBS engineered by the Swiss government.The Dow Jones Industrial Average gained 330 points, or `%. Meanwhile, the S&P 500 rose 0.7%, while …
Read More »Dow drops points as Wall Street encounter higher rates for longer woes
Market volatility, on Wednesday, is low because of correlation going down. The Dow Jones Industrial Average fell as Wall Street fought to recover from Tuesday’s selloff, triggered by comments from Fed Chair Jerome Powell signaling higher interest rates for longer.The Dow fell 202 points, or 0.6%, dragged down by declines …
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