Shares of NVIDIA Corp. fell 2.77% as the stock market experienced a poor trading session, with the S&P 500 Index dropping 0.28% and the Dow Jones Industrial Average falling 0.51%.
Stocks fell on Thursday as strong earnings from Nvidia were overshadowed by comments from the Federal Reserve signaling that interest rates will remain elevated for a long time to combat inflation.
Cboe Global Markets Inc, RLI Corp, and AGNC Investment Corp will all trade ex-dividend for their upcoming dividends, resulting in lower stock prices for all three companies. CBOE's dividend works out to approximately 0.36% of its stock price, RLI's dividend is 0.21%, and AGNC's dividend is 1.22%. The historical dividend charts for these companies can provide insight into their stability over time, and if the dividends continue, the estimated annual yields would be 1.46% for CBOE, 0.84% for RLI, and 14.67% for AGNC. In Monday's trading, CBOE shares are down 0.3%, RLI shares are down 0.2%, and AGNC shares are up 0.6%.
Stocks fell in morning trading on Wall Street, with the S&P 500 down 0.7%, as big technology stocks and healthcare stocks experienced losses, while several companies made significant moves after reporting earnings and other updates.
Stocks fell on Wall Street as concerns about inflation and weakening global demand weighed on investor sentiment, raising doubts about the Federal Reserve's plans to cut interest rates.
Shares of Netflix Inc. fell 0.65% on a rough trading session for the stock market.
Microsoft Corp. shares slipped 0.20% as the stock market experienced a rough trading session, with the S&P 500 and Dow Jones Industrial Average also falling.
U.S. stocks fell as oil prices reached a 10-month high, raising concerns about inflation and its impact on the economy; tech mega caps stumbled, leading to losses in the Nasdaq, S&P 500, and Dow Jones Industrial Average.
Apple shares fell over 2.6% as China plans to extend a ban on iPhone use to state-owned corporations, while Dutch Bros dropped 6% after announcing a public offering of $300 million in shares, and Dave & Buster's shares fell over 3% due to weaker-than-expected earnings.
AMC Entertainment Holdings Inc.'s shares fell 4.2% in premarket trading after filing a prospectus for the sale of up to 40 million shares, resulting in a record-low close.
The Hong Kong-listed shares of Alibaba Group fell over 4% after the surprise departure of former CEO Daniel Zhang from the company's cloud computing business.
Global markets ended higher as energy stocks climbed supported by Saudi Arabia and Russia's decision to extend supply cuts, while Wall Street's key indexes saw weekly declines due to investor concerns over interest rates and anticipation of upcoming U.S. inflation data. In Asian markets, Japan's Nikkei 225 ended down, Australia's S&P/ASX 200 was up, and Chinese shares rose following improved data on consumer price inflation. The Eurozone's economic growth outlook has been downgraded by the European Commission, and crude oil prices fell.
Bank of America's stock fell 0.31% as the overall stock market had a mixed trading session, with the S&P 500 rising and the Dow Jones falling, ending a three-day winning streak.
Stocks fell on Friday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all declining, but Wall Street is on track for a winning week.
Stocks fell at the end of a volatile week, with traders taking a step back to assess the week's events and concerns about the triple-witching day, while U.S. crude futures climbed to a 2023 high of $90.77 per barrel, reflecting improving economic data and the potential for $100 oil.
Shares of Microsoft Corp. fell 2.50% as the stock market experienced a dismal trading session, ending its two-day winning streak.
Shares of Alphabet Inc. Cl A fell 0.51% as the stock market experienced a dismal trading session, although it outperformed some of its competitors.
India's benchmark stock indexes fell as investors reacted to economic developments in China and awaited policy decisions from major central banks, including the U.S. Federal Reserve. The Nifty 50 fell 0.09% and the Sensex lost 0.16%, potentially ending an 11-day winning streak.
Shares of Canopy Growth Corp. fell 11.54% after a rough trading session for the Canadian market.
U.S. equities fell as the Fed began its policy meeting and the 10-year Treasury yield reached a 16-year high, with Walt Disney shares dropping after announcing increased spending on theme parks and cruises, and Cboe Global Markets shares rising following a CEO change.
Dollar General shares fall after being downgraded by JPMorgan, Pinterest shares climb following investor day, General Mills beats expectations, Instacart stock drops after IPO, Coty raises outlook, Bausch Health gains on upgrade, and Goldman Sachs plans to sell lending platform Greensky.
Shares of Open Text Corp. fell 0.80% as the Canadian market declined, with the S&P/TSX Composite Index falling 0.02% and the company closing C$8.27 short of its 52-week high.
World stocks fell for a fifth straight session and the dollar reached its highest level since March as Treasury yields rose, signaling concerns over higher interest rates and slower economic growth.
Shares of Tesla Inc. TSLA fell 2.62% to $255.70 as the stock market experienced a poor trading session, with NASDAQ and Dow Jones also declining.
Starbucks Corp. shares dropped by 2.16% as the stock market took a hit, resulting in their third consecutive day of losses.
Global markets slumped for a fifth straight session as central banks indicated they would keep rates higher for longer to combat inflation, causing MSCI's global stocks gauge to drop 1.19%.
Shares of Sirius XM Holdings Inc. fell 0.49% on a rough trading day, marking the stock's second consecutive day of losses, but outperforming some of its competitors.