Stock indices finished the trading session mixed, with the Dow Jones Industrial Average (DJIA) falling while the Nasdaq 100 (NDX) and the S&P 500 (SPX) gained. Additionally, auto loan delinquencies are increasing as car prices become unsustainable, and gas prices are on the rise.
The markets were mixed today, with the Dow dropping while the Nasdaq rose slightly, and major indices are down over the past five trading sessions; however, year-to-date, the markets are still up and have retreated to valuations not seen since early July.
Summary: U.S. markets closed mixed on Tuesday as the Nasdaq saw slight gains thanks to tech stocks while financials dragged on other indexes after major U.S. banks were hit with another downgrade from a credit rating agency. Meanwhile, China took steps to stabilize its currency amid weakening economic conditions and deteriorating credit conditions.
The Dow and S&P 500 ended slightly lower due to concerns about the Federal Reserve keeping interest rates higher for longer, while the Nasdaq finished barely in the green; the financial sector fell 0.9%, dragged down by an S&P downgrade of credit ratings of regional U.S. lenders, and investors are awaiting clarity on the rate outlook from Fed Chair Jerome Powell.
The S&P 500 and Nasdaq closed higher for the week despite a pullback, while the Dow Jones Industrial Average closed lower for the second consecutive week.
Stocks closed mixed on Friday after the US unemployment rate showed a surprise jump, with the tech-heavy Nasdaq closing flat, the S&P 500 eking out a modest gain, and the Dow Jones leading the session with a 0.3% increase; all three indices ended the month with losses.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
U.S. stocks rebounded as the week closed, with tech-heavy Nasdaq Composite and benchmark S&P 500 both up 0.1%, as concerns about higher interest rates were balanced by elevated oil prices and mixed economic data.
Summary: The Nasdaq and S&P 500 closed slightly higher on Friday after a week of losses, while the Dow Jones Industrial Average rose 0.2%; however, all three major indexes ended the week lower due to rising oil prices, stronger-than-expected labor market data, and China's iPhone ban.
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, were unchanged after hours as the stock market rally experienced losses, with the S&P 500 and Nasdaq dropping below the 50-day line, while energy stocks led and software retreated. Apple stock fell after unveiling the iPhone 15 and other products, while stocks such as Salesforce, Alphabet, General Electric, Shopify, and Nvidia remained in or near buy areas. The CPI inflation report and Adobe earnings are potential market catalysts.
Stocks finished mixed on Wednesday as investors awaited consumer inflation data that could impact the Federal Reserve's future policy decisions. The Dow Jones fell 0.2%, the S&P 500 increased 0.1%, and the Nasdaq Composite climbed 0.3% after a previous decline. The Consumer Price Index showed a higher-than-expected increase in inflation, driven by rising energy prices, which could influence the Fed's decision on interest rates. The market also had its eyes on the Arm IPO and developments involving Apple and China. Meanwhile, the EU launched an investigation into China's subsidies for EV makers.
Stocks slid as fears of higher interest rates, a decline in consumer confidence, and a potential government shutdown weighed on investor sentiment, leading to losses in the S&P 500 and Dow Jones Industrial Average.
Stocks closed lower across the board as rising Treasury yields and disappointing economic data, including a drop in consumer confidence, contributed to the September selloff, while concerns over a potential government shutdown added to worries and Moody's warned of a potential U.S. credit downgrade.
Stocks closed mixed on Tuesday as investors worried about higher interest rates, rising bond yields, a spike in oil prices, and the possibility of a government shutdown, though a stronger-than-expected reading on U.S. manufacturing activity provided some positive news. The ongoing autoworkers strike and inflation concerns also weighed on market sentiment, while oil prices continued to rise, benefiting certain energy companies. Despite concerns, historical data suggests that government shutdowns have not had a significant negative impact on stocks in the past.
U.S. stocks were mixed, with the Dow slipping and the S&P 500 remaining unchanged, as the 10-year Treasury yield hit its highest level since 2007; former S&P ratings committee chairman warns of possible downgrade and Minneapolis Fed President says interest rates may not be high enough to restrict inflation; Meta announces new virtual reality headset and government shutdown concerns weigh on stocks.
A potential government shutdown is causing some investors to worry, contributing to the stock market's recent dip, but experts believe the impact on asset markets is already priced in, while previous shutdowns have shown to have little long-term effect on stocks.
Stock markets were mixed on Wednesday, with the S&P 500 and Nasdaq Composite making modest gains while the Dow Jones Industrial Average finished lower; small-cap stocks performed well, with Hayward Holdings and GEO Group seeing strong performances.
Trading in shares of China Evergrande has been suspended after reports that the chairman has been placed under police surveillance, raising concerns about the developer's future as it struggles with growing debt and a possible liquidation.
Wall Street stocks slipped as investors reviewed data on the US economy, with the S&P 500 and the Dow Jones Industrial Average trading slightly lower, and the Nasdaq Composite dropping further; the 10-year Treasury yield continued to rise, and oil prices turned lower after hitting new highs.
Stocks ended the day higher as the surge in oil, the dollar, and Treasury yields slowed down, with the Nasdaq rising 0.8%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average rising 0.4%.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
U.S. stocks showed mixed performance as Treasury yields rose and a government shutdown was averted, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.3%, and the Nasdaq Composite up 0.4%.
The U.S. stock market ended mixed, with the S&P 500 remaining unchanged, while the Nasdaq saw gains due to Nvidia's shares jumping following Goldman Sachs' endorsement, and global markets experienced losses, including Japan's Nikkei 225, Australia's S&P/ASX 200, and Hong Kong's Hang Seng index.
Stocks on Wall Street opened lower after the US jobs report exceeded expectations, raising concerns that the Federal Reserve may raise interest rates; the Dow Jones was down 0.3%, the S&P 500 lost 0.4%, and the Nasdaq Composite dropped 0.5%.
Summary:
US stock indexes closed lower as investors awaited monthly employment data and looked for insights into future interest rate directions, with the Dow Jones Industrial Average down 0.03%, the S&P 500 down 0.13%, and the Nasdaq Composite down 0.12%; in Asian markets, Japan's Nikkei 225 declined 0.28%, Australia's S&P/ASX 200 rose 0.41%, China's markets were closed for a holiday, and Hong Kong's Hang Seng index gained 1.40%; European markets, including the STOXX 600, Germany's DAX, France's CAC, and the UK's FTSE 100, all saw gains; and in commodities, Crude Oil WTI and Brent were down, Natural Gas was up, and Gold, Silver, and Copper all saw increases.
Dow Jones futures rose slightly while S&P 500 futures and Nasdaq futures fell; Treasury yields retreated and crude oil spiked as U.S. sanctions on Russian crude sales tightened; UnitedHealth, JPMorgan Chase, Wells Fargo, Citigroup, PNC Financial Services, and BlackRock reported their earnings; the stock market rally retreated after an inflation report and a poorly received Treasury auction; Apple and Microsoft stocks edged higher while Google and Meta Platforms fell; Dow Jones futures rose slightly; the 10-year Treasury bond yield fell; the stock market rally struggled at key levels; growth ETFs slumped; megacap stocks like Apple, Microsoft, Google, Meta, Nvidia, Amazon, and Tesla were down a fraction; investors should be cautious and ready to reduce or exit positions if necessary.
Stocks were mixed on Friday as big US banks reported upbeat earnings, while concerns about the conflict in the Middle East kept investors cautious. The Dow Jones gained 0.2%, while the S&P 500 was down 0.3%, and the Nasdaq Composite slid about 1%.
Stocks were mixed on Friday as big US banks reported upbeat profits, but investor concerns over the developing conflict in the Middle East kept the market cautious. The Dow Jones gained 0.4%, while the S&P 500 was down 0.1% and the Nasdaq Composite slid 0.7%.
Stocks ended the week with mixed results as big US banks reported strong earnings for the third quarter, while concerns over inflation and the conflict in the Middle East weighed on investor sentiment. The Dow Jones ended slightly higher, while the S&P 500 and Nasdaq Composite both declined. Inflation concerns also dampened consumer sentiment, with the University of Michigan Consumer Sentiment Index falling in October.
Stocks ended Friday mixed as tensions in the Middle East and declining consumer sentiment caused investors to seek safe havens, with the Nasdaq down 1.2%, the S&P 500 slipping 0.5%, and the Dow Jones Industrial Average gaining 0.2%. Meanwhile, gold prices and the VIX rose, treasury yields retreated, and oil prices increased over supply concerns. JPMorgan Chase, Wells Fargo, and Citigroup all reported positive Q3 earnings, with JPMorgan beating expectations and posting record net interest income.
Stock indices finished mixed, with the Dow Jones gaining 0.12% while the S&P 500 and Nasdaq 100 fell 0.5% and 1.24% respectively; UBS analysts predict a "softish" landing for the US economy and have adjusted their S&P 500 price target down to 4,500 from 4,700, citing geopolitical and domestic financial developments.
U.S. stock markets closed mixed as declining consumer confidence and Middle East tensions overshadowed positive earnings from major banks, while Asian markets saw losses ahead of crucial inflation data, and European markets were mostly down.
Stock market indexes closed mixed as Nvidia shares were impacted by new U.S. trade restrictions with China, while treasury yields reached 52-week highs.
Dow Jones, S&P 500, and Nasdaq futures remained steady, with stocks rebounding off lows despite tightening U.S. restrictions on AI chip exports to China and surging Treasury yields; Tesla and several other stocks are on the watchlist as they approach buy points.
US stocks finished the day relatively unchanged as Treasury yields rose on better-than-expected retail sales data, increasing concerns about higher interest rates; the Dow Jones and S&P 500 closed less than 0.1% away from yesterday's close, while the Nasdaq closed around 0.3% lower.
Stock markets in the US closed mixed on Tuesday, with positive economic data and strong Q3 earnings suggesting a continued tight monetary policy by the Federal Reserve, while Asian markets saw a mix of gains and declines, with Japan's Nikkei 225 and Australia's S&P/ASX 200 closing higher, and China's Shanghai Composite and Shenzhen CSI 300 declining; European markets also saw declines, and commodities such as crude oil, gold, and silver saw gains.
The Dow Jones Industrial Average fell after Federal Reserve Chair Jerome Powell spoke on inflation and interest rates, while Netflix stock surged on strong earnings and Tesla stock dropped after Elon Musk's warning about the Cybertruck. Microsoft, HealthEquity, Vistra, and Cencora also had notable movements.
The stock market made a strong rebound with the Nasdaq erasing its losses and the S&P 500 regaining its 200-day moving average, while major tech stocks like Apple, Meta Platforms, Microsoft, and Nvidia showed impressive strength. Despite the rebound, the stock market still faces risks from geopolitical tensions in the Middle East and major earnings reports from tech giants like Microsoft, Meta, Google-parent Alphabet, and Amazon.com. Additionally, there was significant merger and acquisition activity in the market, including Chevron's acquisition of Hess and Roche Holding's purchase of Telavant.
US stocks close mixed as Treasury yields retreat from 5%, with the S&P 500 ending slightly lower, the Nasdaq higher, and the Dow Jones Industrial Average declining for the fourth consecutive day; focus shifts to high-profile earnings and economic data.
U.S. stocks ended higher on Tuesday, with the Dow Jones Industrial Average rising 0.6% and snapping a four-day losing streak, while the S&P 500 gained 0.7% and broke its five-day losing streak, as strong earnings reports from blue-chip companies boosted investor confidence.
Stocks slipped as investors analyzed mixed earnings reports from Microsoft and Alphabet, with the Dow Jones Industrial Average rising 0.2%, the S&P 500 falling 0.6%, and the Nasdaq Composite dropping over 1%.
Asian stocks were mixed as U.S. shares slumped due to poor corporate earnings, with Australian, South Korean, and Japanese shares falling while equity futures in China and Hong Kong rose; Indian benchmark stock indices declined and uncertainty from the Israel-Hamas conflict weighed on markets.
The stock market closed mixed, with the Nasdaq as the only winner, while the Dow Jones Industrial Average retreated and the S&P 500 and Dow fell deeper below their 200-day lines. Amazon and Intel outperformed after strong earnings reports, while other stocks such as ACM Research, Kinsale Capital Group, Chart Industries, Enphase Energy, Exxon Mobil, and Chevron experienced significant declines.
