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.
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.
The stock market experienced a sharp decline as early gains turned into a selloff, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all falling; concerns over rising bond yields and inflation contributed to the sell-off.
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.
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.
Dow Jones futures were relatively unchanged after hours, following a stock market rally that saw some losses due to rising Treasury yields, but was supported by strong performances from megacaps like Microsoft, Meta Platforms, and Tesla.
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 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.
Stock indices closed in the red, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector underperformed and the energy sector led the session. The U.S. 10-Year Treasury yield dropped, while the Two-Year Treasury yield increased. The Small Business Optimism Index for August decreased, with inflation cited as a major concern among small business owners. Stocks opened lower on Tuesday, and U.S. futures trended lower as well. This week's focus will be on the Consumer Price Index and Producer Price Index data, which could impact the Federal Reserve's decision on rate hikes. Oracle's stock fell after missing sales estimates, while Casey's General and Tesla saw gains. JPMorgan's CEO criticized new Basel III regulations, and European indices traded in the green. In Asia-Pacific, markets ended mixed as traders await U.S. inflation data.
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.
Dow Jones futures and other market futures dropped due to key economic data, while Adobe stock sold off on mixed earnings.
Stock indices closed lower today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experiencing declines, while the technology sector was the session's laggard and the real estate sector was the leader but still lost ground. Additionally, the U.S. 10-Year Treasury yield and Two-Year Treasury yield both increased.
The Dow Jones Industrial Average dropped 225 points as global markets responded to the Federal Reserve's shift in tone, while unemployment claims unexpectedly decreased and tech stocks like Nvidia and Tesla experienced sell-offs.
Summary: Dow Jones futures, S&P 500 futures, and Nasdaq futures all rose overnight, while the stock market correction continued with heavy losses as the 10-year Treasury yields surged, leading to the S&P 500 undercutting its August lows and the Nasdaq and Dow Jones coming close to doing the same.
The stock market experienced a correction as Treasury yields increased, causing major indexes to break key support levels and leading stocks to suffer damage, while only a few stocks held up relatively well; however, it is currently not a favorable time for new purchases in the market.
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.
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%.
U.S. stocks mostly fell as investors considered the latest inflation data from the Federal Reserve, marking the end of a turbulent month for the market.
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.
The stock market begins the new quarter with mixed performance as the government avoids a shutdown, Tesla shares recover slightly, and major indexes remain below key moving averages.
The Dow Jones Industrial Average dropped 150 points as the U.S. government averted a shutdown, while Tesla stock declined due to weaker-than-expected third-quarter deliveries.
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%.
Stocks finished mixed on Monday, as the Nasdaq led the way with a 0.7% increase, while the S&P 500 turned just above the flatline, and the Dow Jones Industrial Average dropped 0.2% to start the new quarter of trading after averted government shutdown concerns.
Wall Street's key indexes dropped as Treasury yields rose to their highest levels since 2007, causing concerns over higher interest rates and leading to a decline in megacap stocks such as Apple, Tesla, Amazon, Alphabet, and Microsoft.
The Dow fell sharply and turned negative for the year as US Treasury yields surged, causing a selloff in stocks.
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.
Stock markets experienced a decline as Treasury yields reached a 16-year peak, leading to a 1.2% decrease in the Dow Jones Industrial Average and notable declines in the S&P 500 and Nasdaq Composite, with concerns of higher interest rates provoking fears of an economic recession.
Stocks fell sharply in response to an increase in long-term Treasury yields, driven by misguided rhetoric from Fed officials and fears of higher inflation, despite economic data showing slowing growth, low job growth, and declining wage growth.
The Dow Jones Industrial Average rose after the release of a key inflation gauge and ahead of a Federal Reserve report, while shares of Nvidia rallied after a price target increase.
Stocks plummeted as Treasury yields rose, consumer prices increased, and a disappointing bond auction caused a decline in the broader stock market.
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 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.
The stock market rally had a mixed week with a disappointing finish, as major indexes rose initially but hit resistance, and tech leaders backed off, leading to caution for new buys and a potential sell-off of recent purchases, while Tesla stock held up despite expectations of its worst earnings in two years.
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.
Dow Jones and S&P 500 futures dipped while Nasdaq futures rose slightly, Tesla stock plummeted due to weak earnings and warnings from Elon Musk, and Netflix surged on strong subscriber growth and price hikes.
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%.
