Selloffs in Dow, S&P 500 belies bullish market internals
[ad_1] While the Big 3 stock market indexes are all falling, market internals are suggesting the broader stock market is rallying. The Dow Jones Industrial Average fell 60 points, or…
Dow ends more than 200 points lower, stocks skid after report on Apple’s cost-cutting plan
[ad_1] Stocks gave up earlier gains Monday, with the Dow ending about 216 points lower, after Bloomberg reported on cost-cutting efforts taking shape at Apple Inc., a week before the…
Investors are obsessed with size of Fed’s next rate hike. Here’s what they’re missing.
[ad_1] Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June,…
75 or 100 basis points? Lost in market debate over Fed’s next rate hike is ‘how long inflation stays at these levels’
[ad_1] Debate has been simmering over whether Federal Reserve policy makers will raise the fed-funds rate by three-quarters of a percentage point later this month, as they did in June,…
UnitedHealth stock gains after profit beat and raised outlook, as revenue tops $80 billion
[ad_1] Shares of UnitedHealth Group Inc. climbed 1.0% in premarket trading Friday, after the health care services and benefits company reported second-quarter earnings that were comfortably above expectations citing “balanced”…
Dow advances 650 points as stocks stage biggest rally in 3 weeks
[ad_1] U.S. stocks finished sharply higher on Friday, snapping a five-day losing streak thanks in part to stronger-than-expected retail sales data and a moderation in inflation expectations. But Friday’s rally…
Boeing stock gains as ‘slow drip internal water torture’ is nearing an end, analyst says
[ad_1] Shares of Boeing Co. rose 0.9% toward a two-month high in premarket trading Friday, after Benchmark analyst Josh Sullivan cut his price target on the aerospace and defense giant…
Dow drops more than 1,000 points amid a 5-day losing streak, with UnitedHealth and Goldman the biggest drags
[ad_1] The Dow Jones Industrial Average took a 413-point, or 1.3% dive, in afternoon trading Thursday, and has dropped 1,024-points amid a five-day losing streak. The biggest drag on the…
Stocks fall, but end off session lows as investors weigh rate hikes, earnings season
[ad_1] Stocks fell Thursday, but finished well off session lows as investors weighed the size and scope of expected rate hikes and assessed downbeat earnings from JPMorgan Chase & Co.…
Dow falls 550 points after opening bell on rate-hike worries as earnings season begins
[ad_1] Stocks opened sharply lower Thursday as investors weighed expectations for the Federal Reserve to continue delivering outsize rate increases in its effort to get inflation under control, raising fears…
U.S. stocks open sharply lower after June CPI data showed inflation was higher than expected
[ad_1] U.S. stocks opened sharply lower after the consumer-price index showed inflation rose in June more than expected, with the annual rate climbing to a nearly 41-year high of 9.1%.…
Biden says inflation reading ‘unacceptably high,’ but ‘also out-of-date’
[ad_1] President Joe Biden on Wednesday said in a statement that while a “headline inflation reading is unacceptably high, it is also out-of-date,” as he reacted to a report showing…
`Peak inflation will have to wait’: traders see three more 8%-plus U.S. CPI readings despite falling gas prices
[ad_1] “Staggering.” “Ugly.” “Brutal.” And …. “out-of-date.” Those are some of the words that investors, analysts, and even President Joe Biden, used to sum up the U.S. June consumer price…
Fed-funds futures now show 67% chance of a 100-basis-point interest-rate hike in July
[ad_1] Traders of federal funds futures rapidly readjusted their expectations for the size of the Federal Reserve’s anticipated next rate hike on July 27, by boosting the likelihood of a…
U.S. stocks tumble for 4th day in a row on hotter-than-expected inflation report
[ad_1] U.S. stocks closed lower on Wednesday for the fourth day in a row after the latest consumer price index showed that headline inflation climbed to its highest level in…
Walmart expands Spanish-language online search capabilities after pandemic shift to e-commerce
[ad_1] Walmart Inc. WMT, +0.31% said Wednesday that it has expanded the Spanish language search capabilities on its e-commerce site. As shoppers made the shift to e-commerce during the pandemic,…
Citi upgrades JPMorgan to buy from neutral ahead of Thursday’s earnings
[ad_1] Citi analyst Keith Horowitz on Tuesday upgraded JPMorgan Chase & Co. JPM, +0.10% to buy from neutral and cut his price target on the stock to $135 a share…
UPDATE: Canoo shares soar premarket after Walmart orders 4,500 electric delivery vehicles plus option for up to 10,000 more
[ad_1] Walmart Inc. WMT, -0.30% said Tuesday it is purchasing 4,500 all-electric delivery vehicles from Canoo Inc. GOEV, +53.16% for use in last-mile delivery. The news sent shares of Canoo…
Deepening inversion of Treasury yield curve is `getting harder to dismiss’
[ad_1] For a sixth straight trading session, the U.S. bond market sent out one of its most reliable recession signals as the 2-year rate continued to trade above its 10-year…
Union Pacific, Norfolk Southern stocks drop after JPMorgan downgrades, citing recession risks
[ad_1] Shares of Union Pacific Corp. UNP, -1.61% sank 1.6% and Norfolk Southern Corp. NSC, -1.42% dropped 0.8% in midday trading Tuesday, after JPMorgan analyst Brian Ossenbeck downgraded both railroad…
Dow ends nearly 200 points lower as stocks fall ahead of inflation reading
[ad_1] Stocks ended lower Tuesday, losing ground in afternoon trade as investors appeared reluctant to hold equities ahead of the release of an eagerly anticipated June consumer price index reading.…