The Dow closed lower due to pressure from regional banks and disappointing quarterly results from retailers Macy's and Dick's Sporting Goods.
The Dow Jones Industrial Average fell after a surprise drop in initial jobless claims, while tech stocks, such as Nvidia, saw gains due to strong earnings results.
Summary: The Dow Jones Industrial Average and other stock indexes experienced significant declines as market attention shifted to the upcoming speech by Fed Chair Jerome Powell at the Jackson Hole Economic Symposium, while Nvidia's gains were nearly wiped out after strong earnings and Tesla CEO Elon Musk issued a warning regarding the Cybertruck, although Box, NOV, and Automatic Data Processing showed strength.
The Dow Jones Industrial Average rose 0.6% after weak economic data suggested a decline in the job market and consumer confidence, while the Nasdaq led with a 1.6% gain.
Despite a rise in Salesforce stock and the continued growth of marijuana stocks, the Dow Jones Industrial Average closed lower as investors awaited the release of the jobs report, while Tesla faced a probe into its CEO's reported plan to build a glass house.
The Dow Jones Industrial Average fell after weak economic data from China, while U.S. oil prices rose and Tesla's stock gained due to increased sales in China.
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%.
The Dow Jones Industrial Average fell 0.6% as major indexes tested their 50-day lines, while the S&P 500 and Nasdaq both experienced declines midday.
The Dow Jones sinks over 300 points as a tech selloff occurs due to investor fears of more Fed rate hikes, with Apple, Tesla, and Nvidia all experiencing significant declines.
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.
Tesla's stock jumped 10.09% and snapped a three-day losing streak, closing at $273.58, as the overall stock market experienced a positive trading session.
The Dow Jones Industrial Average dropped due to disappointing earnings from Oracle, while attention will shift to key inflation data, including the Consumer Price Index and the Producer Price Index, later this week.
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.
The Dow Jones Industrial Average rose after the release of key inflation data and initial unemployment claims, while Cathie Wood's Ark Invest sold a significant number of Tesla shares.
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.
The Dow Jones Industrial Average fell on Friday following a stock market sell-off, while Cathie Wood's Ark Invest ETFs purchased more than one million shares of Palantir stock and Seagen surged on positive trial results for a combination drug to treat advanced bladder cancer.
Tesla's stock fell after Barclays predicted that the company would fall short of delivery expectations, with analysts forecasting third-quarter deliveries of 455,000 units compared to the consensus forecast of 463,000 units.
The Dow Jones Industrial Average dropped as the stock market correction worsened, and the 10-year Treasury yield reached new highs, with key inflation data expected later in the week, while Tesla stock fell and Apple and Microsoft stocks were mixed.
The Dow Jones dropped over 250 points as key housing data was released, while DraftKings saw a rise following an analyst upgrade.
The Dow drops 300 points as economic uncertainty weighs on the market, with the S&P Case-Shiller index showing home prices rising, indicating an increased likelihood of high interest rates.
Asia-Pacific markets fell ahead of China's industrial data and Australia's inflation figures, while the US experienced a sell-off after disappointing economic data, causing the Dow Jones Industrial Average to fall below its 200-day moving average for the first time since May. Additionally, oil prices continue to rise, putting crude on track for its best quarter in over a year, and Tesla shares dropped after reports of an EU investigation into whether the company and other European carmakers are receiving unfair subsidies for exporting from China.
The Dow Jones Industrial Average dropped over 300 points after the release of August JOLTS data, while Cathie Wood's Ark Invest ETFs sold nearly $4 million worth of Nvidia stock.
The Dow Jones Industrial Average is on track to erase all of its 2023 gains as it drops over 400 points, or 1.4%, and bond yields spike following strong labor data indicating a resilient job market.
US stocks fell as investors worried about the impact of higher interest rates, with the Dow down nearly 1.5% and the S&P 500 and Nasdaq indexes also dropping. Concerns about the Federal Reserve's policy and its effect on the housing market and potential recession led to the market decline.
The Dow Jones Industrial Average and other indexes took a major hit in the stock market, with the Dow falling more than 500 points and the Nasdaq and S&P 500 also experiencing significant losses, as the cost of borrowing money increased and the yield on the Treasury 10-year bond reached a 16-year high.
The stock market declined as the Dow lost 430 points and the Nasdaq lost 248 points, with the overall market being negatively affected by a higher 10-year bond yield and robust labor force data, while political turmoil in the House of Representatives and the possibility of a government shutdown added to the market's uncertainty.
The Dow Jones Industrial Average fell after a rise in initial jobless claims, while Rivian stock plummeted following the announcement of a debt offering.
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%.
Tesla's stock fell nearly 1% after the company cut prices on some models and reported third-quarter deliveries that missed market expectations.
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.
The Dow Jones Industrial Average gained 0.4% in the final hour of trading, underperforming other major indexes due to a rally fading towards the end of the session, while long-term interest rates dropped and stock turnover increased.
Dow Jones futures dropped after stronger-than-expected retail sales data, while Tesla stock fell due to a recall of Model X vehicles, and key earnings reports were released for Bank of America, Goldman Sachs, Johnson & Johnson, and Lockheed Martin.
The Dow Jones Industrial Average fell 1% due to higher Treasury yields, while the Federal Reserve reported little change in the economy over the past six weeks.
The Dow Jones Industrial Average rose following positive unemployment claims data, while Tesla stock dropped after missing earnings and revenue expectations and issuing a warning about the challenges of reaching volume production with the Cybertruck; on the other hand, Netflix surged on strong results.
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.
Stocks fell as Treasury yields rose and investors reacted to a speech by Federal Reserve Chair Jerome Powell, with the Dow Jones Industrial Average down 0.75%, the S&P 500 falling 0.9%, and the Nasdaq Composite leading the losses with a nearly 1% drop; in other news, Netflix shares surged more than 16% after the company reported a surge in subscriber numbers and announced plans to raise prices in the US, while Tesla shares fell almost 10% after the company's earnings missed estimates.
The Dow Jones Industrial Average extended its losses due to Thursday's stock market sell-off, SolarEdge Technologies plunged after warning of weak European demand, and Tesla stock continued to slide, testing a key level. Meanwhile, American Express, Intuitive Surgical, and SLB were key earnings movers, with AXP stock slipping 3.5% and Intuitive Surgical shares tumbling nearly 4%.
Tesla's stock fell below a key level, indicating a possible longer-term downtrend, following disappointing earnings and a three-day losing streak.
The Nasdaq Composite gained over 30 points, while the Dow dipped by 0.58%, and the S&P 500 fell by 0.17% as U.S. stocks showed mixed performance. Retail traders and investors focused on stocks such as Marathon Digital Holdings, Riot Blockchain, MicroStrategy Incorporated, Coinbase Global, and Tesla, with their performance influenced by the positive momentum in Bitcoin.
The Dow Jones Industrial Average rose 275 points on Tuesday after the release of positive economic data, while tech giants Alphabet and Microsoft prepared to report their earnings after market close.
The Dow Jones Industrial Average ends a four-day losing streak as investors focus on strong earnings from companies like Coca-Cola and Verizon, while Microsoft and Alphabet also report positive quarterly results.
The Dow Jones Industrial Average and other stock market indexes experienced a sell-off, with the Dow falling 0.1% and the S&P 500 and Nasdaq also declining. Additionally, the small-cap Russell 2000 rebounded, while various stocks, including Apple, Microsoft, Meta Platforms, and Align Technology, experienced mixed performance.
The Dow Jones Industrial Average dropped due to key inflation data, while Amazon's stock surged on strong earnings results.
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.
