US stocks gain to start the 2nd half of the year...
US stocks gained in a shortened day of trading on Monday ahead of Independence Day.The S&P 500 surged 16% in the first half of the year, and investors are hoping to extend those gains into the second half.Tesla stock surged as much as 9% after the company announced second-quarter deliveries that beat analyst estimates. Loading…
US stocks fall ahead of renewed debt ceiling talks in Washington
US stocks dropped on Tuesday as the debt ceiling deadline quickly approaches with no deal yet to be had.President Joe Biden and House Speaker Kevin McCarthy were scheduled to continue their negotiations on Tuesday.Treasury Secretary Janet Yellen warned that "time is running out" on a debt ceiling agreement. Loading Something is loading. Thanks for signing…
US stocks dip after renewed banking concerns and rise in jobless...
US stocks fell on Thursday after weekly jobless claims jumped to the highest level since October 2021.Initial jobless claims jumped by 22,000 to 264,000, which was ahead of estimates for 245,000.PacWest Bancorp plunged more than 20% after the bank said its deposit base fell by nearly 10% last week. Loading Something is loading. Thanks for…
US stocks trade mixed as banks rebound and investors turn focus...
US stocks were mixed on Monday as investors turn their attention to the Wednesday release of April CPI data.The inflation report will help guide the Fed as to whether it hikes interest rates in June.Regional bank stocks extended their gains from Friday after recent data showed deposits are not fleeing. Loading Something is loading. Thanks…
US stocks rise but close lower for the week as investors...
US stock indices rose Friday as investors digested mixed earnings reports. However, all three major gauges closed the week in the red. Alphabet and Amazon are on deck to report quarterly results next week. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go.…
US stocks fall as weakening data suggests recession coming for the...
US stocks fell on Thursday after a slew of economic data suggested a recession is coming.Jobless claims, the Philly Fed Factory Index, and Leading Economic Indicators all had a weak showing.Disappointing earnings from Tesla and AT&T led to a 11% sell-off for both stocks. Loading Something is loading. Thanks for signing up! Access your favorite…
US stocks edge lower as investors sift through the first wave...
US stocks slipped on Friday as investors digest a wave of large-cap bank earnings.JPMorgan, Wells Fargo, and Citigroup all posted better-than-feared earnings results.Retail sales in March came in weaker than expected, signaling consumers are pulling back on big ticket purchases. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized…
US stocks fall, led by tech shares as investors prepare for...
Tech stocks led the market lower on Monday as investors brace for the Fed to hike interest rates again. Chairman Jerome Powell is expected to boost rates by 25 basis points on Wednesday.Mega-cap tech companies Apple, Amazon, Alphabet, and Meta will release earnings this week. Loading Something is loading. Thanks for signing up! Access your favorite…
US stocks slide as investors turn focus to Fed meeting and...
US stocks moved lower on Monday as investors brace for a key Fed decision later this week.Fed Chairman Jerome Powell is expected to hike interest rates by 25 basis points on Wednesday.Mega-cap tech companies Apple, Amazon, Alphabet, and Meta will release earnings this week. Loading Something is loading. Thanks for signing up! Access your favorite…
US stocks jump as investors get ready for a slew of...
US stocks jumped on Monday as investors get ready for a slew of corporate earnings results. About 25% of the S&P 500 is expected to report their fourth-quarter earnings this week.Tech stocks led the way higher on Monday after Spotify cut 6% of its workforce and an activist investor bought Salesforce. Loading Something is loading. Thanks…
