MBPROJEKT_Maciej_Bledowski Stocks are rallying further and rates are sliding Wednesday after Fed Chiarman Jay Powell hinted at smaller future rate hikes. The Nasdaq (COMP.IND) +3.6%, S&P (SP500) +2.2% and the Dow (DJI) +1.1% have added about a percentage point of gains since Powell started speaking. The 10-year Treasury yield (US10Y) is down 5 basis points … Read more
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naphtalina/iStock via Getty Images The stock market is lower Tuesday with a number of big downside moves in major stocks. But investors still have one eye on tomorrow’s Fed decision. The Nasdaq (COMP.IND) trades lower by -1.2%, S&P (SP500) is -0.7%, and the Dow (DJI) is down by -0.3%. Walmart is down after cutting its … Read more
The Dow Jones Industrial Average fell but the Nasdaq fared even worse as losses intensified, following a disastrous Snap (SNAP) earnings report. Twitter (TWTR) rallied out of the red after pointing the finger of blame at Tesla (TSLA) CEO Elon Musk. A couple of stocks still managed to attempt breakouts despite the challenging action. BJ’s … Read more
Breadcrumb Trail Links PMN Business Author of the article: Article content The S&P 500 and the Nasdaq were set to open higher on Thursday as electric automaker Tesla topped Wall Street’s profit target, while futures tracking the Dow struggled for direction. Tesla rose 3% in premarket trading as its quarterly profit benefited from a string … Read more
(Bloomberg) — US stocks extended gains in a broad-based rally as investors assessed the outlook for earnings amid speculation disappointments may be already priced into markets. Most Read from Bloomberg The S&P 500 jumped more than 2%, with all 11 industry groups rising. The tech-heavy Nasdaq 100 outperformed major benchmarks, up 3%, with megacaps Apple … Read more