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 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.
Investors are looking forward to after-the-bell earnings from Nvidia as the Dow, S&P 500, and Nasdaq are set to open slightly higher; Apple is now the most under-owned large-cap U.S. tech stock while Meta Platforms is the most over-owned.
U.S. stocks closed higher as shares of Nvidia surged ahead of their quarterly results, boosting tech stocks and extending the year's rally, while weak business activity data and falling Treasury yields also supported the market.
The U.S. stock market closed lower as an earlier rally driven by Nvidia's earnings report fizzled out, while treasury yields increased, and the S&P 500 is on track to end its five-month winning streak, with concerns over the Federal Reserve Chair Jerome Powell's speech at Jackson Hole weighing on investors.
Tech-heavy Nasdaq Composite and S&P 500 close higher on Monday, while Dow Jones Industrial Average falls slightly; Bank of America analyst predicts insurers will increase customer prices due to increased climate change risk; Allianz economist believes Federal Reserve Chair Powell will focus on short-term monetary policy at Jackson Hole; Loop Capital warns of weak smartphone sales ahead of iPhone 15 launch; CFRA Research chief investment strategist expects year-end rally for stocks despite recession concerns; Homebuilding stocks begin to decline; AMC Entertainment falls ahead of stock conversion; Cybersecurity company SentinelOne explores potential sale; LPL Financial chief technical strategist says recent stock pullback is temporary and predicts end-of-year rally; Jefferies upgrades gold product manufacturer Acushnet Holdings; Nvidia's quarterly earnings report could be critical for the market, says Wolfe Research; Stocks making big moves midday, including XPeng, Eli Lilly, and Marriott Vacations Worldwide.
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.
US markets closed higher on Tuesday as softening job market data sparked hopes of a pause in rate hikes.
Stocks closed higher on Wall Street as economic reports indicated a cooling economy, potentially leading to a pause in interest rate hikes by the Federal Reserve.
Stocks are set to open slightly higher following a strong rally, as investors anticipate the release of the Labor Department's non-farm employment report and Apple's product event.
Stocks closed higher on Wednesday after revised GDP data showed that the US economy grew slower than previously estimated, while signs of a slowdown in the labor market have heightened hopes for a "soft landing" for the economy.
Summary: U.S. stock markets closed mixed as the key inflation data for July showed steady price increases, with the Nasdaq up 0.1% and extending its winning streak to five days, while the S&P 500 closed down 0.2% and the Dow Jones Industrial Average fell 0.5%.
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.
Wall Street stocks opened lower as traders grappled with concerns over China's struggling economy and climbing Treasury yields, with the S&P 500 and Dow Jones slightly down and the Nasdaq Composite slipping, while the focus remains on the Federal Reserve and seasonal market forces.
Wall Street closed August with declines, marking the worst month for the Dow, S&P 500, and Nasdaq Composite since earlier this year, while weak economic data and a cooling labor market have raised hopes that the Fed will maintain interest rates and provide growth opportunities for growth stocks like NVIDIA, Caterpillar, Amazon, Splunk, and Royal Caribbean Cruises.
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.
Dow Jones futures open with the stock market rally weakening and major indexes falling below their 50-day lines, but there is potential for change with upcoming events such as Apple's product unveiling, Oracle's earnings release, and the August CPI inflation report. Additionally, Tesla, Roku, and Shopify are among the Cathie Wood holdings near buy points.
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 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.
Stock indices closed higher today, with the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all posting gains, while the healthcare sector lagged behind; the U.S. 10-Year Treasury yield increased, and the Atlanta Federal Reserve lowered its GDP growth estimate for the third quarter. Additionally, Fitch Ratings revised its global growth forecast for 2023 due to concerns about China's real estate sector, and economic data showed an increase in wholesale inflation and retail sales.
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 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.
Stocks closed lower on Tuesday due to uncertainty surrounding the Federal Reserve's future policy plans, as rising oil prices and concerns about inflation and interest rates weighed on investor sentiment. The Fed's decision on interest rates is expected to remain unchanged, but there is uncertainty about their next steps.
U.S. stock markets closed lower amid risk-off sentiment as the Federal Reserve began its two-day monetary policy meeting, while Asian markets, including Japan's Nikkei 225 and Australia's S&P/ASX 200, experienced declines; however, European markets, including Germany's DAX and the U.K.'s FTSE 100, traded higher.
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.
Stock indices closed in the red as the Nasdaq 100, S&P 500, and Dow Jones Industrial Average all experienced declines, while the utilities sector fell the most and the energy sector led despite still seeing a decrease; in addition, economic data including the Consumer Confidence report and US New Home Sales data reflected lower than expected figures, and stocks opened lower in Tuesday's trading session with the Case-Shiller Home Price Index suggesting continued rising demand for homes; JPMorgan CEO Jamie Dimon warned that a rise in interest rates to 7% could be painful for the global economy, and US Futures and WTI crude oil futures were trending down.
Stocks closed mixed on Wednesday, with the S&P 500 barely in the green, as investors continue to digest the implications of the Federal Reserve's higher for longer stance on interest rates. The Dow Jones Industrial Average dropped 0.2% and the Nasdaq Composite gained 0.2%. Meanwhile, oil prices hit fresh 2023 highs, and the possibility of a US government shutdown remains a concern.
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%.
Most stocks closed lower on Monday as the constrictor of higher interest rates tightens its hold on Wall Street, with oil-and-gas stocks and utility companies being negatively impacted.
Wall Street closed higher as the bond market loosened its grip on stocks, with the S&P 500 rising 0.8% and the Dow Jones Industrial Average rising 0.4%; tech stocks helped support the market after a previous decline, while Treasury yields eased and oil prices dropped.
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.
Stocks closed higher on Friday, driven by technology shares, as investors analyzed the September jobs report showing an increase in US hiring but a slowdown in wage growth.
U.S. stock markets closed higher on Friday due to strong job creation, leading to discussions about a potential Federal Reserve interest rate hike; Asian markets, including Japan, Australia, and China experienced mixed results; European markets were mostly positive; commodities such as crude oil and gold saw an increase in prices; and U.S. futures and forex showed a decline and mixed results respectively.
U.S. stocks opened higher on Tuesday as Treasury yields decreased and the Federal Reserve indicated they may not raise interest rates further, with the S&P 500 rising 0.2%, the Dow Jones Industrial Average adding 0.2%, and the Nasdaq Composite climbing 0.2%.
Wall Street indexes closed higher after the release of cautious Federal Reserve minutes, fueling investor hopes of steady rates.
The stock market closed off its lows as major indexes improved in the final hour of trading, although investors remained hesitant due to higher-than-expected inflation numbers.
The US stock markets closed higher, extending a four-day winning streak, as investors await consumer inflation data for September that could impact the Federal Reserve's decision on interest rates, while Asian markets also saw gains.
Major stock indices closed higher, led by the small-cap Russell 2000, as industries that previously lagged experienced gains, while bond yields remained elevated but stable and upcoming Q3 earnings reports from industry leaders are expected.
Stocks opened lower on Tuesday, with the Dow Jones Industrial Average falling about 0.4%, as retail sales data exceeded expectations and earnings season continued.
Stock markets in the US closed higher, driven by optimism over earnings season, while Treasury yields rose due to concerns over the conflict between Israel and Hamas; Asian markets followed suit, with Japan's Nikkei 225 closing higher and Australia's S&P/ASX 200 recording gains, while European markets saw mixed results; in commodities, crude oil prices were relatively stable, while gold and silver prices increased slightly; and US futures indicated a slight decline.
The Dow ekes out a gain as stronger retail sales data raises concerns about another Federal Reserve rate hike before year end, while Bank of America impresses on earnings stage and Goldman falters, Johnson & Johnson and Lockheed Martin deliver earnings beat, and Nvidia leads chips lower as the U.S. looks to tighten restrictions on chip exports to China.
