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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple's services revenue is offsetting its iPhone sales decline, says Jason WareJason Ware, Chief Investment Officer at Albion Financial Group, discusses the key metrics to watch in Apple's earnings report today.
Persons: Jason Ware Jason Ware Organizations: Albion Financial
Chris Wood is reacting after a missed opportunity at goal during the Premier League match between Brighton and Hove Albion and Nottingham Forest at the American Express Community Stadium in Brighton and Hove, on March 10, 2024. Nottingham Forest have become the second Premier League club to be deducted points for breaching profitability and sustainability rules (PSR) after being docked four points over their finances on Monday. "Nottingham Forest was referred to an independent Commission on 15 January, following an admission by the club that it had breached the relevant PSR threshold of £61 million ($77.6 million) by £34.5 million," Premier League said in a statement.
Persons: Chris Wood Organizations: Premier League, Brighton, Hove Albion, Nottingham Forest, American Express, Nottingham Locations: Brighton and Hove
Disney announced Wednesday that the companies will be merging their respective Star India and Viacom18 units into a newly created Star India joint venture, valued at roughly $8.5 billion on a post-money basis, excluding synergies. The merger is expected to have more than 750 million viewers in the rapidly growing Indian market. Cricket feverDisney acquired Indian streaming service Hotstar and Star TV channels in 2019 and had exclusive streaming rights to cricket's lucrative Indian Premier League (IPL), which it had turned into a paid service by 2020. Disney lost 4.6 million customers for its streaming service, Disney+ Hotstar, in India during the first three months of last year. "I think I said six months ago that they're [Disney] going to see profitability in streaming by the end of 2024.
Persons: Pavlo Gonchar, Walt Disney, Mukesh Ambani, Nita Ambani, Ambani, Jamie Lumley, Lumley, Jason Ware, CNBC's Organizations: Disney, Getty, Walt, Reliance, Star India, Cricket, Star, Indian Premier League, IPL, Indian Premier League cricket, CNBC, Albion Financial Locations: India
With the English Premier League club vying to win an historic quadruple this season, and with injuries ravaging the senior squad, manager Jurgen Klopp has turned to the club’s famed academy for help. And while Danns and Koumas got on the scoresheet, 19-year-old Bobby Clark produced an assist for the latter. Jon Super/APHis father, former Premier League player Neil Danns, was at Anfield to watch his son score his first two goals for the senior side. Bobby Clark, perhaps the standout star from this latest crop of players, talking with Liverpool manager Jurgen Klopp. Inglethorpe recently spoke to Liverpool Jamie Carragher about the demands and expectations set for youngsters coming through the ranks at the Premier League club, and it’s clear that character means just as much as talent.
Persons: Jurgen Klopp, they’ve, , Lewis Koumas, Jayden Danns –, Koumas, Danns, Liverpool –, , Bobby Clark, James McConnell, Kaide Gordon, Trey Nyoni, Nyoni, it’s, Clark, Jayden Danns, Jon Super, Neil Danns, I’m, ” Danns, , ” Lewis Koumas, Jason Koumas, Liverpool’s, Jayden, Richard Jolly, Peter Byrne, Lee Clark, “ I’d, ” Clark, Justin Setterfield, Alex Inglethorpe, Inglethorpe, Liverpool Jamie Carragher, Klopp, ” Inglethorpe, Carragher Organizations: CNN, English Premier League, hasn’t, Liverpool, Southampton, FA, Premier League, Anfield, Wembley, Chelsea, Tranmere, Athletic, Wales, Wigan, West Bromwich Albion, Newcastle, Fulham, Premier League club, Manchester United, Sparta Prague, Europa League Locations: Anfield, Newcastle, Sudan, Oman, Liverpool, The Telegraph
Seoul, South Korea CNN —South Korean and Tottenham Hotspur soccer superstar Son Heung-min was involved in a fight with a teammate the night before the national team’s disastrous loss in an Asian Cup semifinal match earlier this month, the country’s football federation confirmed to CNN on Friday. In the wake of the incident, the Korea Football Association later Friday fired head coach Jürgen Klinsmann, who had questioned the resolve of his team during the tournament. A KFA statement said the team dinner took place in Qatar on February 5, before South Korea’s 2-0 loss to Jordan at the Asian Football Confederation Asian Cup. 87 in FIFA’s world rankings, was seen as a major embarrassment for the 23rd-ranked South Korean side. Son is the captain of both Tottenham Hotspur in England’s Premier League and of the South Korean side.
Persons: Son Heung, Jürgen Klinsmann, Lee Kang, Jordan, , Lee, Germain, Heung, Visionhaus, , Lee “, ” Lee, ” “, Son, Klinsmann Organizations: South Korea CNN — South Korean, Tottenham Hotspur, CNN, Korea Football Association, Korean national football, Asian Football Confederation Asian, England’s Premier League, Paris Saint, France’s Ligue, English Premier League, Brighton & Hove Albion, JTBC, South, Asian, South Korea Locations: Seoul, South Korea, Qatar, France’s, London, Instagram
Venture capitalists need to free up cash and return money to their own investors, known as limited partners (LPs). The secondary share sales market in the US is well established. Bad timingMost VC funds agree to return their profits to their LPs within 10 years. A record 31 secondary funds headquartered in Europe were established in 2021, amid the hype period, with $29 billion in assets under management per PitchBook. It all comes down to how buoyant the VC market is: "If the market is good again, then who's going to sell secondary?
Persons: There's, Michael Smith, Regeneration's Smith, Kelly Rodriques, Hussein Kanji, Kanji, Hussein, Tom Henrikkson, OpeanOcean, it's, Henrikkson Organizations: Venture, Business, Industry Ventures, Cherry Ventures, Ventures, Albion, Forge, Financial Times, VC, Hoxton Ventures, Sequoia Locations: Silicon Valley, Europe, San Francisco, Amsterdam, London
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWare: Everyone wants to see where AI is showing up in tech companies' resultsJason Ware, partner & CIO at Albion Financial Group, discusses the key metrics investors should focus on in the earnings from Amazon, Apple and Meta.
Persons: Jason Ware Organizations: Albion Financial, Apple, Meta
For investors looking for high-quality income with the potential for significant total return, agency mortgage-backed securities (MBS) may be the answer. Fitting MBS into your portfolio In fact, Atluri believes agency MBS are more attractive than investment-grade corporate right now. In addition, agency mortgage-backed securities also trade defensively if the economic outlook were to worsen, he added. About 25% of core bond fund holdings are in mortgage-backed securities, according to Morningstar. "Mortgage-backed securities didn't do as well [as investment grade] last year," said Wei Li, BlackRock's global chief investment strategist.
Persons: Fannie Mae, Freddie Mac, Ginnie Mae, Jason Smith, Neuberger Berman, Smith, Michael Kessler, Kessler, Pramod, Atluri, Morningstar, Wei Li, Albion's Kessler Organizations: Agency MBS, U.S ., MBS, Mortgage News, Albion Financial Group, Federal Reserve, Capital Group, Fund of America, BlackRock
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat the launch of Apple Vision Pro means for the company and the stockJason Ware, Albion Financial Group CIO, and Scott Stein, CNET Editor-at-Large, discuss the outlook for the Apple Vision Pro headset.
Persons: Jason Ware, Scott Stein Organizations: Apple Vision, Albion Financial, CNET, Apple
While corporate bond yields have moved down off their highs, investors will still be able to snap up some juicy income next year, experts believe. USIG YTD mountain The iShares Broad USD Investment Grade Corporate Bond ETF tracks the ICE BofA U.S. Corporate Index. However, for income investors not just focusing on the next 12 months, investment-grade corporate bonds look very attractive, he said. WINC YTD mountain Western Asset Short Duration Inc ETF In fact, he thinks 2024 will provide a unique opportunity for corporate bond investors. He also doesn't think corporate bonds are particularly attractive on a total return performance thanks to their recent run higher.
Persons: Goldman, Lindsay Rosner, Collin Martin, Charles Schwab, Martin, Martin doesn't, Fitch, Kurt Halvorson, Halvorson, you'll, Michael Kessler, Kessler, Schwab's Martin Organizations: Federal Reserve, ICE, Corporate, . Investment, Goldman, CNBC, Western Asset, Albion Financial, Investors Locations: Goldman Sachs
The Hunter Biden Saga Continues
  + stars: | 2023-12-05 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
Persons: William McGurn, George W, Bush, McGurn, Bill Organizations: Wall Street, The Wall Street, Street Journal, Economic, Washington, National Review, Foreign Relations, Notre Dame, Communications, Boston University Locations: New York, Brussels, Europe, Hong Kong
Harvard’s Hamas Confusion
  + stars: | 2023-11-28 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
Persons: William McGurn, George W, Bush, McGurn, Bill Organizations: Wall Street, The Wall Street, Street Journal, Economic, Washington, National Review, Foreign Relations, Notre Dame, Communications, Boston University Locations: New York, Brussels, Europe, Hong Kong
But Trent Alexander-Arnold drilled in an 80th-minute equaliser with his right foot to deny City a 24th successive home win in all competitions. The result left City on 29 points from 13 games with Liverpool one point behind and Arsenal later claimed a late 1-0 victory at Brentford thanks to Kai Havertz's header. Arsenal leapfrogged Liverpool and City into first place with 30 points. Haaland did what he does best, firing home after Alisson's poor clearance had found its way to Nathan Ake. Not only in the goal -- around the goal, in all situations he was a really important player and a really good game from him," Liverpool manager Juergen Klopp said.
Persons: Erling Haaland, Alisson, Andy Cole, Trent Alexander, Arnold, Kai Havertz's, Haaland, Nathan Ake, Alexander, Trent, Juergen Klopp, Aaron Ramsdale, Bryan Mbeumo, Declan Rice, Leandro Trossard, Havertz stooped, Mikel Arteta, Chelsea, Mauricio Pochettino, Alexander Isak, Raheem Sterling's, Jamaal Lascelles, Newcastle's, Thiago Silva, Reece James, Anthony Gordon, Pochettino, Joao Pedro, Lewis Dunk, Jacob Brown, Martyn Herman, Toby Davis Organizations: Premier League, Brentford Newcastle, Chelsea, Manchester City, Liverpool, City, Arsenal, Brentford, Newcastle United, Brighton, Hove Albion, Nottingham Forest, Sunday, Newcastle, Luton Town, Burnley, West Ham United, Bournemouth, Sheffield United, Thomson Locations: Liverpool, Newcastle, Forest, Crystal
Mead back in England squad for Nations League games
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +3 min
Nov 21 (Reuters) - Beth Mead has been recalled to the England squad for the first time in over a year after recovering from an anterior cruciate ligament injury. Manager Sarina Wiegman named her squad for the Lionesses' last two games of the Nations League on Tuesday. Team GB is made up of players from England, Scotland, Wales and Northern Ireland and as the highest ranked British team, England are the nominated nation to qualify on Britain's behalf. This means Scotland may need to lose against England if they are to take part in the Olympics. The Netherlands have a home game with Belgium in their final group game.
Persons: Beth Mead, Sarina Wiegman, Mead, We've, Wiegman, Khiara Keating, Ellie Roebuck, Mary Earps, Hannah Hampton, Millie Bright, Lucy Bronze, Jess Carter, Niamh Charles, Alex Greenwood, Maya Le Tissier, Esme Morgan, Lotte Wubben, Grace Clinton, Fran Kirby, Georgia Stanway, Ella Toone, Keira Walsh, Katie Zelem, Rachel Daly, Lauren Hemp, Lauren James, Chloe Kelly, Alessia Russo, Trevor Stynes, Christian Radnedge Organizations: England, Nations League, Brighton & Hove Albion, Wembley, Team, Scotland, British, Olympics, Manchester City, Thomson Locations: Spain, Arsenal's, England, Netherlands, Belgium, Scotland, Wales, Northern Ireland, Georgia
MP takes Everton's 10-point deduction to parliament
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +1 min
Soccer Football - Premier League - Everton v Brighton & Hove Albion - Goodison Park, Liverpool, Britain - January 3, 2023 General view of a corner flag inside the stadium before the match Action Images via Reuters/Jason Cairnduff /File Photo Acquire Licensing RightsNov 21 (Reuters) - Labour MP lan Byrne has tabled an 'early day motion' in parliament condemning Everton's 10-point deduction in the Premier League and called for an independent football regulator to be established immediately. Everton became the first Premier League club to be deducted points for breaching financial sustainability rules on Friday. An independent commission imposed an immediate deduction that saw the Merseyside club drop to second-from-bottom from 14th. Byrne, MP for Liverpool, West Derby, said the points deduction was "grossly unjust" and that the level of sanction lacked "any legal or equitable foundation or justification...""This House contends the Premier League can no longer fairly govern top-flight football without independent scrutiny and legislation," he said in the EDM, which MPs can sign up to but are not binding and often do not lead to any action. Reporting by Pearl Josephine Nazare in Bengaluru; Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.
Persons: Jason Cairnduff, lan Byrne, Byrne, Pearl Josephine Nazare, Peter Rutherford Organizations: Soccer Football, Premier League, Everton, Brighton & Hove Albion, Goodison, Labour, Everton's, Liverpool, West, Thomson Locations: Liverpool, Britain, Merseyside, West Derby, Bengaluru
An in-demand talent pool"Many previously poorly understood secrets will be more widely disseminated across the ecosystem," one European AI founder who spoke on the condition of anonymity said. But European competitors can still benefit from OpenAI's implosion. The startup had been on an uninterrupted run for the past year, said EarlyBird VC partner and Aleph Alpha investor Andre Retterath. The turmoil at OpenAI has also galvanized both AI founders and investors in Europe. The company's top expenditure, besides employee salaries, is manually cleaning and sourcing the data they use to train their models, a European VC said.
Persons: Sam Altman, unseats, Nathan Benaich, Altman, Marc Benioff, Salesforce, Silvio Savarese, Einstein, 1RXoc9ekeo, Benaich, Alpha, EarlyBird, Andre Retterath, Retterath, Mariam Pettit, they've, OpenAI, Andrew Scott, 7percent, David Grimm, Grimm, Rebecca Gorman Organizations: Air Street Capital, Business, Aleph Alpha, Microsoft, Google, Alpha, Global Founders Capital, Albion Locations: Europe, OpenAI
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicrosoft is in a tough spot as OpenAI's largest investor, says Jason WareJason Ware, Chief Investment Officer at Albion Financial Group, discusses the impact of OpenAI's leadership shakeup on Microsoft, as well as what investors have learned one year after Bob Iger's return to Disney as CEO.
Persons: Jason Ware Jason Ware, shakeup, Bob Iger's Organizations: Microsoft, Albion Financial, Disney
Sam Altman was ousted from OpenAI then accepted a top job at Microsoft over the weekend. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of a whirlwind weekend, OpenAI cofounder Sam Altman was ousted from ChatGPT's parent company and promptly accepted a job running a new AI research team at Microsoft. [Microsoft CEO Satya] Nadella says they're still committed to OpenAI. (Ware predicted brain drain as other OpenAI employees follow Altman to Microsoft or join other rivals now he's no longer in charge.)
Persons: Sam Altman, OpenAI, , Microsoft didn't, Dan Ives, Altman, — that's, Jason Ware, They've, Satya, Nadella, they're, They're, Ware, Ben Laidler, Emmett, Joshua Mahony, Jim, Fan, Satya swoops, I'm, Jason Calacanis, It's Organizations: Microsoft, Wall Street, Service, Nasdaq, Albion Financial, CNBC, Markets, Nvidia Locations: OpenAI
Obama’s Lesson for Rashida Tlaib
  + stars: | 2023-11-14 | by ( William Mcgurn | ) www.wsj.com   time to read: 1 min
William McGurn is a member of The Wall Street Journal editorial board and writes the weekly "Main Street" column for the Journal each Tuesday. Previously he served as Chief Speechwriter for President George W. Bush. Mr. McGurn has served as chief editorial writer for The Wall Street Journal in New York. He spent more than a decade overseas -- in Brussels for The Wall Street Journal/Europe and in Hong Kong with both the Asian Wall Street Journal and the Far Eastern Economic Review. Bill is author of a book on Hong Kong ("Perfidious Albion") and a monograph on terrorism ("Terrorist or Freedom Fighter").
Persons: William McGurn, George W, Bush, McGurn, Bill Organizations: Wall Street, The Wall Street, Street Journal, Economic, Washington, National Review, Foreign Relations, Notre Dame, Communications, Boston University Locations: New York, Brussels, Europe, Hong Kong
“Bart Verbruggen will keep goal this week. I think that’s logical on the basis of the last two matches that we played,” Koeman told a press conference on Tuesday. Verbruggen won his first caps in the 2-1 home loss to France and 1-0 victory in Greece in Euro 2024 qualifying last month. “He has developed nicely at his young age,” Koeman said of the 21-year-old Verbruggen. Since Koeman took over this year, he has used Jasper Cillessen, who is now out of favour, Bijlow, Flekken and Verbruggen.
Persons: Bart Verbruggen, Ed Sykes, Ronald Koeman, Verbruggen, Justin Bijlow, Mark Flekken, “ Bart Verbruggen, ” Koeman, Bart, uncapped Andries Noppert, Louis van Gaal, Koeman, Jasper Cillessen, , Nathan Ake, Steven Bergwijn, Brian Brobbey, Uncapped, Thijs Dallinga, Mark Gleeson Organizations: Soccer Football, Premier League, Everton, Brighton & Hove Albion, Goodison, Hove, Republic of Ireland, Anderlecht, Hato, Ajax Amsterdam, Uncapped Toulouse, Thomson Locations: Liverpool, Britain, Brighton, AMSTERDAM, Netherlands, Republic of, Amsterdam, Germany, Brentford, France, Greece, Gibraltar, Faro, Portugal, Qatar, Cape Town
Aston Villa beat Fulham 3-1 to match a 40-year-old club record of 13 straight home league wins. City opened the scored when Spanish defender Marc Cucurella pulled Haaland's shirt to concede a VAR-checked penalty which the Norwegian coolly converted in the 24th minute. Things were far more sedate at Anfield where Liverpool moved right into title contention thanks to another contribution from the talismanic Salah. "Crazy," Klopp said of the 31-year-old Salah, who has 10 goals in 12 league games this season. Victory lifted the Hammers to ninth in the table with 17 points from 12 games while Forest are 15th with 13 points.
Persons: Chelsea's Palmer, Salah, Chelsea slugged, Cole Palmer, Chelsea, Tottenham, Erling Haaland, Mohamed Salah, West Ham, Tomas Soucek, Mauricio Pochettino's, Marc Cucurella, Thiago Silva, Raheem Sterling, Manuel Akanji, Nicolas Jackson, City, Armando Broja, Ruben Dias, Palmer, City's Rodri, Klopp, John McGinn, Ollie Watkins, Antonee Robinson, Unai Emery, Emery, Ham's Soucek, James Ward, Mahmoud Dahoud, Simon Adingra, Ben Osborn's, Adam Webster, Lori Ewing, Martyn Herman, Toby Davis Organizations: Liverpool, Brentford Villa, Fulham LIVERPOOL, Premier League, Manchester City, Chelsea, Stamford, City, Tottenham Hotspur, Brentford, Arsenal, Burnley, Aston Villa, Fulham, West, Nottingham Forest, Brighton & Hove, Sheffield United, Tottenham, Anfield, Hammers, Forest, Brighton & Hove Albion, Brighton, Thomson Locations: England, Brighton, City, Spanish
West Ham lost 2-1 away to the Greek side a fortnight ago but their win at the London Stadium put them level on nine points with second-placed Freiburg, who crushed bottom side Backa Topola 5-0. "If I was being honest, I don’t think we made enough chances or opportunities and I need to look to see why that was the case," West Ham manager David Moyes said. The West Ham fans then held their breath late on as the visitors nearly equalised when Mady Camara's close-range header struck the post when he should have scored. Marseille secured a second victory with their win in Athens thanks to goals from Chancel Mbemba and Ismaila Sarr. The Italians are unbeaten in Group D on 10 points, three ahead of Sporting who beat 10-man Rakow Czestochowa 2-1.
Persons: Ham United's Lucas Paqueta, Said Benrahma, Emerson Palmieri, Vladimir Coufal, Isabel Infantes, David Moyes, Paqueta, James Ward, Prowse, Mady Camara's, Mbemba, Sarr, Jarell Quansah, Alexis Mac Allister, Klopp, Atalanta, Berat Djimsiti, Pedro Goncalves, Bogdan Racovitan, Danilo Pereira, Todd Cantwell, Janina Nuno Rios, Tommy Lund, Ed Osmond, Ken Ferris Organizations: Soccer, Europa League, Ham United, Olympiacos, London, REUTERS, Olympiakos Piraeus, Olympique de Marseille, AEK Athens, West Ham, Backa, Olympiakos, Marseille, Ligue, Brighton & Hove Albion, Ajax Amsterdam, LIVERPOOL, Liverpool, French, Toulouse, Sturm Graz, Berat, Sporting, Rangers, Sparta Prague, Real Betis, Aris Limassol, Betis, Thomson Locations: London, Britain, Freiburg, Ham, Athens, European, Czestochowa
Sterling misses out on England selection again
  + stars: | 2023-11-09 | by ( Martyn Herman | ) www.reuters.com   time to read: +4 min
LONDON, Nov 9 (Reuters) - Chelsea forward Raheem Sterling was again left out by England manager Gareth Southgate as he named his squad for the forthcoming Euro 2024 qualifiers against Malta and North Macedonia. Sterling, who has earned 82 caps for his country and was once a key part of Southgate's forward line, has now missed five successive England squads. Despite Southgate saying the door remains open, time is clearly running out for Sterling to force his way back into the reckoning for the Euro 2024 finals. Manchester City's John Stones misses out because of injury while Chelsea's Reece James is also not included despite recently returning from a lengthy injury lay-off. "I'm super excited about the tournament, we're really gearing towards the next tournament and I think everybody in international football is always living from tournament to tournament.
Persons: Raheem Sterling, Gareth Southgate, Sterling, Southgate, Raheem, we've, Eddie Nketiah, Callum Wilson, Aston, Ollie Watkins, Manchester City's John Stones, Chelsea's Reece James, Reece James, that's, Sam Allardyce's, Sam Johnstone, Jordan Pickford, Aaron Ramsdale, Levi Colwill, Lewis Dunk, Marc Guehi, Harry Maguire, Fikayo, Kieran Trippier, Kyle Walker, Trent Alexander, Arnold, Jude Bellingham, Conor Gallagher, Jordan Henderson, Kalvin Phillips, Declan Rice, Jarrod Bowen, Phil Foden, Jack Grealish, Harry Kane, James Maddison, Marcus Rashford, Martyn Herman, Toby Davis Organizations: Chelsea, Malta, Italy, Newcastle United, Manchester, Wembley, Arsenal, Brighton & Hove Albion, Manchester United, Milan, Manchester City, West Ham United, Bayern, Tottenham Hotspur, Aston Villa, Thomson Locations: England, North Macedonia, France, Germany, Malta, Crystal, Everton, Chelsea, Manchester, Liverpool, Real Madrid, West, Bayern Munich
That drop has helped fuel a stock rally that has given the S&P 500 (.SPX) and the Nasdaq (.IXIC) their longest streak of gains in two years through Wednesday's close at eight and nine sessions, respectively. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The Dow Jones Industrial Average (.DJI) fell 40.33 points, or 0.12%, to 34,112.27; the S&P 500 (.SPX) gained 4.40 points, or 0.10 %, at 4,382.78; and the Nasdaq Composite (.IXIC) added 10.56 points, or 0.08 %, at 13,650.41. Declining issues outnumbered advancers by a 1.3-to-1 ratio on the NYSE while on the Nasdaq declining issues outnumbered advancers by a 1.7-to-1 ratio on the Nasdaq. The S&P 500 posted 17 new 52-week highs and eight new lows while the Nasdaq recorded 53 new highs and 206 new lows.
Persons: Eli Lilly, Dow, we're, Jason Ware, Brendan McDermid, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: Warner Bros, Nasdaq, Federal, Treasury, Albion Financial, Dow Jones, New York Stock Exchange, REUTERS, U.S . Food, Drug Administration, Warner Bros Discovery, Paramount Global, Thomson Locations: New York City, U.S
A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. U.S. Treasury yields have retreated sharply from their recent highs. That drop has helped fuel a rally in stocks, sending the S&P 500 (.SPX) and the Nasdaq (.IXIC) to their longest streak of gains in two years through Tuesday's close. Still, comments from several central bank officials over the past few days left the door open for additional hikes, causing some uncertainty among investors. The S&P 500 posted 15 new 52-week highs and five new lows while the Nasdaq recorded 52 new highs and 173 new lows.
Persons: Brendan McDermid, we're, Jason Ware, Jerome Powell, Chuck Mikolajczak, Richard Chang Organizations: New York Stock Exchange, REUTERS, Warner Bros, Dow, Nasdaq, Federal, Treasury, Fed, Albion Financial, Dow Jones, Warner Bros Discovery, Paramount Global, Tech, Thomson Locations: New York City, U.S, Tuesday's
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