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 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.
The Dow Jones Industrial Average erases early gains as Fed Chair Jerome Powell expresses concerns about high inflation and the possibility of raising interest rates, while former President Donald Trump returns to Twitter, now known as X, after being booked on racketeering charges.
Dow Jones futures and key economic data, including the Case-Shiller Home Price Index, FHFA Price Index, consumer confidence numbers, and the July JOLTS report, are impacting the stock market today. Additionally, several software stocks and companies like Best Buy, BYD, Nio, and Pinduoduo are making moves in earnings.
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.
The Dow Jones Industrial Average made slight gains despite weaker than expected jobs data and a downward revision to Q2 GDP estimates, which increases the chances of a pause in interest rate hikes.
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.
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, dipped lower after the stock market experienced significant losses due to the unexpected rise in the August ISM services index, which pushed Treasury yields and Fed rate hike odds higher.
Dow Jones futures and other stock market futures dropped as the market headed for a losing week, with Cathie Wood's Ark Invest ETFs selling shares of Nvidia; key earnings movers include DocuSign, RH, Guidewire Software, and Kroger, with varying stock performance.
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.
Oracle stock dropped by 13% after its earnings fell short of AI expectations, with slower cloud sales growth and lower guidance contributing to the disappointment on Wall Street.
The Dow Jones Industrial Average rose after the Labor Department's CPI inflation report, and oil prices hit a new high for 2023.
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.
Dow Jones futures, as well as S&P 500 futures and Nasdaq futures, dropped after the Federal Reserve meeting, with the stock market retreating and breaking below critical levels due to the Fed's decision to stick with forecasts for one more rate hike this year and hinted that rates would stay higher for longer.
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.
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.
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.
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.
Dow Jones futures, along with S&P 500 futures and Nasdaq futures, rose after key economic data, while retail giant Costco saw a decline in its stock despite better-than-expected earnings and sales results.
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.
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.
The Dow Jones Industrial Average is poised for its worst day in months as the stock market selloff continues, driven by losses in Goldman Sachs, Microsoft, and American Express.
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 Dow Jones Industrial Average reversed lower on Wednesday after the early release of ADP's jobs report, while Apple stock bounced back following an analyst downgrade.
The Dow Jones Industrial Average fell after a rise in initial jobless claims, while Rivian stock plummeted following the announcement of a debt offering.
The Dow Jones Industrial Average rose 0.5% and the S&P 500 gained 0.6% amid ongoing conflict in Israel and ahead of key economic data, while the Nasdaq led with a 0.7% gain, and the small-cap Russell 2000 index gained more than 1%.
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.
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.
