The stock market took a U-turn on Thursday, erasing all the gains it made on Wednesday as investors continued to worry about the impacts of high inflation and the interest rate hikes that central banks are implementing to get it back in check. As of 11:40 a.m. ET, the S&P 500 was down 2.1%, and the tech-heavy Nasdaq has lost 2.9%. Companies tied to the electric vehicle industry were getting hit especially hard, with Rivian Automotive (NASDAQ: RIVN) down 5% and Chinese luxury EV-maker Nio (NYSE: NIO) falling 8.2%.
Sports reporter Josh Schafer outlines the circumstances of Nike's first-quarter earnings beat.
Dead cat bounce? This legend certainly thinks so.
Micron Technology Inc. executives, who warned about a semiconductor downturn in late June, on Thursday described a worse-than-expected drop in business as "sharp and sudden."
The sell-off is showing no signs of letting up, as the NASDAQ tumbled another 2.84% today, the S&P 500 has fallen 2.11%, and the Dow has shed just over 1.5%. It’s a rout, with the indexes testing new lows and moving deeper into the bear territory. The fall comes as investors are shifting sentiment on the Federal Reserve’s anti-inflationary moves. They are not exactly disapproving – but they are reconciling to the idea that we’re in for a hard landing, and that the Fed’s projected 4.6% peak inter
(Bloomberg) -- Grim milestones keep piling up for Chinese stocks listed in Hong Kong. Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsAs September draws to an end, the Hang Seng China Enterprises
Susquehana analyst Christopher Rolland lowered price targets for Nvidia, AMD, and Intel stock. “PC-market weakness may be extending beyond consumer and into enterprise,” he wrote.
Earlier this week, the Dow Jones joined the S&P 500 and the NASDAQ in bear market territory. It marks the first time this year that the Dow has dipped below a 20% loss from peak – but it also marks a turning point in investor sentiment. A mood of doom and gloom is setting in. A change in times and a change in mood requires a change in outlook, a shift in perspective, for investors to succeed. With all three main indexes so far down, it’s clear that the last year’s modes of trading aren’t going t
Not all special-purpose acquisition companies were failures. We found some winners—companies that met their projections and, despite beaten-down share prices, are running solid businesses.
Cassava Sciences, Inc. (SAVA) closed the most recent trading day at $43.07, moving -1.76% from the previous trading session.
I bonds are a very popular investment asset, especially in a time of market volatility - the guaranteed variable return is attractive in a time when other investments seem too risky. There's only one major downside - you are limited … Continue reading → The post Senators Are Fighting to Help You to Buy More I Bonds Soon appeared first on SmartAsset Blog.
Market instability is the biggest risk to central banks globally, replacing inflation, owing to massive amounts of leverage. Market stability affords the Fed the space needed for the most aggressive rate-hiking campaign since the late 1970s. The BOE on Wednesday was forced to start buying bonds to solve a potential crisis with U.K. pension funds.
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
At 2:05 p.m. ET today, Tesla (NASDAQ: TSLA) shares were trading near the lows of the day, down 7.1%. The company is ready to update investors over the next several days, but that isn't likely the reason for the big drop today. Over the upcoming weekend, Tesla will provide its third-quarter delivery data, if it sticks to its typical timeframe for those numbers.
(Bloomberg) -- European stocks rose with government bonds, signaling a potential recovery at the end of a tumultuous week in markets.Most Read from BloombergMacKenzie Scott Files for Divorce From Science Teacher HusbandMeta to Cut Headcount for First Time, Slash Budgets Across TeamsTop Apple Executive Is Leaving After Making Crude Remarks in TikTok VideoStocks Plummet to 22-Month Low as Fed Hawks Circle: Markets WrapMarjorie Taylor Greene’s Husband Files for Divorce After 27 YearsEuropean shares
In this article, we discuss 10 best chemical stocks to buy now. If you want to read about some more chemical stocks to buy now, go directly to 5 Best Chemical Stocks To Buy Now. A strong demand for commodity and specialty chemicals has helped keep prices at record high levels in the chemicals sector […]
Apple is the most important stock in the market. Shortly after Wednesday's open, Apple shares dropped by about 4.5%. At issue was a rumor that Apple no longer needs to increase production of its new iPhone 14 models.
Nike earnings just beat expectations late Thursday. But shares tumbled late on higher inventories, lower margins.
Yahoo Finance Live anchor Seana Smith details a new report that Meta is planning to cut costs, freeze hiring, and restructure its teams.
Yahoo Finance Live anchors break down how markets and chip stocks are trading.