Despite Nvidia's strong earnings, stocks closed lower due to mixed economic signals and the decline of big tech stocks such as Tesla and Amazon.com. Investors are awaiting Jerome Powell's speech for insight into interest rates, while the 10-year Treasury yield climbed and Dollar Tree's stock fell.
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 three major U.S. stock indexes ended down over 1% each, with the Nasdaq leading the decline, as investors were cautious ahead of Federal Reserve Chair Jerome Powell's speech and despite Nvidia's strong forecast and stock buyback announcement.
Investors were disappointed as early gains in stock markets reversed, with the Nasdaq Composite leading the downward trend, and stocks like Marvell Technology and Nordstrom losing ground due to their respective quarterly financial reports.
China's leading e-commerce company, JD.com, has experienced a significant decline in its stock price due to investor concerns about the Chinese economic recovery and the property market debt crisis, despite positive second-quarter earnings and growth prospects.
Stocks on the Nasdaq led gains on Wednesday as revised GDP data showed slower economic growth in the last quarter than previously estimated, while private-sector jobs in August came in weaker than expected, raising concerns about the Federal Reserve's interest rate hikes.
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 stock market sinks as a tech selloff occurs due to investors' fear of more Fed rate hikes, with Apple, Tesla, and Nvidia all experiencing significant declines.
Stock indexes decline as concerns about future rate hikes and sluggish market performance in September weigh on investor sentiment, with the tech-heavy Nasdaq Composite falling for the third consecutive day and the Dow Jones Industrial Average and S&P 500 on a two-day losing streak.
The Dow Jones Industrial Average dropped after a decrease in initial unemployment claims, while Apple stock declined due to China's order for officials to not use iPhones and other foreign-branded devices for work.
The Nasdaq tumbled due to Apple's falling shares after reports of China banning government officials from using its iPhone and extending the ban to state companies, while the Dow Jones Industrial Average remained flat and the S&P 500 dropped 0.4%.
The S&P 500 and Nasdaq declined as oil prices reached their highest level of the year, while Oracle's shares plummeted due to missed forecasts, and Westrock's shares rose after a purchase agreement.
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.
Stocks slump as Oracle and Apple experience losses, with the Nasdaq Composite having its first losing day in three, while Apple's new iPhone 15 and iPhone 15 Pro fail to boost investor interest in the company.
Stocks declined amid speculation that US inflation data will show persistent price pressures, increasing the likelihood that interest rates will remain elevated; market focus is on the US consumer price report.
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.
The major indexes, including the Dow Jones, S&P 500, and Nasdaq, finished lower on Friday ahead of the Federal Reserve meeting next week, with tech stocks dragging the Nasdaq lower and the S&P 500 and Nasdaq both falling below their 50-day moving average.
The S&P 500 and Nasdaq ended the week slightly lower due to a decline on Friday caused by higher bond yields and oil prices, while the Dow Jones Industrial Average saw a small weekly gain.
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.
Tech stocks led a retreat on Wall Street as investors were concerned about the Federal Reserve's hawkish stance and its decision to keep interest rates steady, causing the S&P 500, Dow Jones, and Nasdaq Composite to decrease; Goldman Sachs has delayed its forecast for a Fed rate cut to the fourth quarter of 2024.
Indian equity benchmarks continue to decline for the third consecutive day due to the US Federal Reserve's hawkish stance, with Nifty closing below the 20 EMA and all sectors witnessing selling pressure except for the media; stock recommendations include buying Infosys, Tech Mahindra, Apollo Tyres, and Nykaa.
Stock futures on the Dow Jones, S&P 500, and Nasdaq 100 climb slightly after a week of steep losses, as investors react to the Federal Reserve's statement on keeping interest rates higher for longer.
The stock market had a cool summer with the Dow Jones up 0.5%, the S&P 500 down 0.4%, and the Nasdaq down 1.3% from June 21 to Friday, as big tech stocks experienced a slump while energy stocks performed well.
Stock futures decline as Wall Street prepares for the last week of September amidst a drop in the S&P 500 and Nasdaq Composite.
Asian stocks declined as concerns over higher U.S. interest rates and a Chinese economic slowdown weighed on the technology sector and investor sentiment.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
The U.S. stock market has experienced a decline due to conflicting economic news and a surge in bond yields, which may be driven by factors other than data, such as fiscal deficits and central bank policies.
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%.
The Nasdaq Composite had a down month in September, but there are signs of a potential rally happening with stocks like Meta and Baker Hughes Company making a comeback, and the performance of the US Dollar playing a role in market trends.
U.S. equity markets declined for a fourth-straight week while benchmark interest continued an unabating resurgence to fresh multi-decade highs as a looming government shutdown added complications to existing "higher-for-longer" concerns.
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.
Stocks slumped as the bond rout continues and one Fed policymaker predicted another interest rate hike this year, with the Nasdaq falling 0.5% and the S&P 500 and Dow Jones Industrial Average losing 0.4%.
Stocks on Wall Street fell in early trading on Tuesday as rising Treasury yields and hawkish comments from Federal Reserve policymakers dampened investor sentiment. The tech-heavy Nasdaq Composite was down over 1.4%, the Dow Jones Industrial Average tumbled about 0.9%, and the S&P 500 dropped almost 1.1%. Additionally, the number of open jobs in the US increased in August, raising questions about whether the job market is cooling fast enough to satisfy the Federal Reserve as it considers more interest rate hikes to combat inflation.
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.
Shares of the seven largest technology stocks, including Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Tesla, and Nvidia, all traded lower following stronger-than-expected September jobs data, potentially impacting the Federal Reserve's interest rate hike policy.
