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US stocks wobbled on Wednesday but the Dow managed to notch its sixth winning session in a row. Tech stocks slid. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks were mixed Wednesday, with a sell-off in tech names causing a broader stock rally to waver after a streak of gains. Tech stocks slid, with downbeat Uber earnings sparking a 5.7% decline in the stock, while Intel fell after lowering revenue guidance for the quarter.
Persons: Dow, Uber, , Wells Fargo Organizations: Tech, Service, Dow Jones Industrial, Intel, Investors
U.S. stock futures ticked higher on Tuesday night after the S&P 500 notched its third straight day of losses. Futures tied to the S&P 500 rose by 0.1%, while Nasdaq 100 futures gained 0.2%. The Dow ended Tuesday's trading session higher by 0.17%, breaking a six-day losing streak. The S&P 500 fell 0.21%, while the Nasdaq Composite slipped 0.12%. Mayfield sees equities trading mostly range-bound in the near term, with an exception being if any geopolitical event spikes oil prices even higher.
Persons: Dow, Jerome Powell, Ross Mayfield, Baird, Powell Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, United Airlines, Hunt Transport Services, UnitedHealth, Federal Reserve, CNBC, U.S . Bancorp Locations: U.S
CNBC Daily Open: Wall Street wary as inflation data looms
  + stars: | 2024-03-12 | by ( Sumathi Bala | ) www.cnbc.com   time to read: +2 min
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Overnight, U.S. stocks ended mixed as investors await key inflation data for clues on the Federal Reserve's path on rate cuts. "The question is to what extent and how broad will it be," he told CNBC. Web inventor's top predictionsTim Berners-Lee, recognized for inventing the World Wide Web, told CNBC his top predictions for the future of the web — and how it will be transformed by Al.
Persons: Patria Stodghill, vender Susan Mendoza, Hang Seng, Dow, Shaun Rein, it's, Steven Okun, Tim Berners, Lee Organizations: Patria, Washington , DC, CNBC, CSI, Nikkei, Nasdaq, China Market Research, APAC Advisors, Al, Barclays Locations: Washington ,, Hong Kong, Asia, China, U.S, Washington
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. SEA smartphone market boomingResearch showed Southeast Asia's smartphone market is booming so far this year, while China's remained weak. [PRO] Goldman Sachs upside picksGoldman Sachs highlighted the recent rally has pushed the share of market cap in stocks with "extremely high valuations" to levels seen during the "euphoria of 2021." The bank remains bullish and picked stocks with over 30% upside potential in 2024, based on its latest price targets.
Persons: Dow, Jerome Powell, Powell didn't, Joe Biden, Donald Trump, China's, Goldman Sachs Organizations: CNBC, Japan's Nikkei, CSI, Nasdaq, Investors, Senate Banking, Fed, Union, SEA, Research Locations: Asia
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 23, 2024. U.S. stock futures were little changed Sunday night after the tech-heavy Nasdaq Composite posted a record-high Friday, breaking its 2021 record, as stocks attempt to continue their weeks-long rally. Futures tied to the S&P 500 fell marginally, while Nasdaq-100 futures ticked slightly lower. Futures tied to the 30-stock Dow Jones Industrial Average slipped 47 points, or 0.1%. The S&P 500 and the Nasdaq last week reached their seventh weekly gain in eight, while the Dow ended the week in the red.
Persons: Dow, David Kostin, Goldman Sachs, Jerome Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Federal, ADP Employment Survey, Manufacturing Locations: New York City, U.S
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 6, 2024. U.S. stock futures hovered near the flatline on Sunday night following a record-setting week for the S&P 500 . On Friday, the S&P 500 rose 0.57% to close above the 5,000 level for the first time, while the tech-heavy Nasdaq Composite added 1.25%. The S&P 500 and Nasdaq Composite added 1.4% and 2.3%, respectively. Some 61 names in the S&P 500 are set to report earnings in the week ahead, including gig economy stocks Lyft , Instacart and DoorDash .
Persons: Kraft, Jay Hatfield, Hatfield Organizations: New York Stock Exchange, Dow Jones Industrial, Nasdaq, Dow Jones, Dow, Kraft Heinz, Hasbro, Capital Advisors, Traders, CPI, PPI, CNBC Locations: New York City, U.S
We raised our Club price target on Microsoft to $450 per share from $400 following Tuesday's after-the-bell earnings. We increased our Club price target on Alphabet to $160 per share from $140. However, we lowered our Club price target to $115 per share from $125 to reflect the challenges ahead. The slide in Alphabet increased our Club price target on Alphabet to $160 per share from $140. Dow stock Walmart 3-for-1 stock split as shares stand a couple of dollars below all-time high of nearly $170 each.
Persons: what's, Jerome Powell, I've, Max, Tesla, Jim Cramer's, Jim Cramer, Jim Organizations: Nasdaq, Dow, Federal Reserve, ADP, Microsoft, Google, Starbucks, Devices, Club, Nvidia, AMD, Boeing, Walmart, Elon Musk's, Twitter, Jim Cramer's Charitable, CNBC, Micro, Tesla
Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Investors shouldn't be surprised if Apple earnings aren't stellar, Jim said. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.
Persons: Jim Cramer, shouldn't, Jim, Abbott, Jim Cramer's, ABT Organizations: CNBC, Dow, Nasdaq, Big Tech, Club, Microsoft, Apple, Federal, Abbott, GLP Locations: MSFT
The New York Stock Exchange (NYSE) in New York City, U.S., February 24, 2022. "Presently, the markets price in around a 125bp (basis points) cut from the Fed next year," Ipek Ozkardeskaya, senior market analyst at Swissquote Bank, said in a note. Investors will also parse data on U.S. services sector activity from S&P Global and the Institute for Supply Management on Tuesday. ET, Dow e-minis were down 115 points, or 0.32%, S&P 500 e-minis were down 20 points, or 0.44%, and Nasdaq 100 e-minis were down 103 points, or 0.65%. Reporting by Amruta Khandekar and Shristi Achar A; Editing by Pooja DesaiOur Standards: The Thomson Reuters Trust Principles.
Persons: Caitlin Ochs, Ozkardeskaya, Amruta Khandekar, Pooja Desai Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Fed, Swissquote Bank, Labor Department, P Global, Institute for Supply Management, Nvidia, Dow e, CVS, PDD Holdings, Baidu, Thomson Locations: New York City, U.S
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Market participants now await policy comments from Powell at two separate discussions scheduled for 11 a.m. After recent conflicting remarks from other policymakers, investors are concerned that Powell could push back against the rate cut narrative. Other officials, including Fed Governors Lisa Cook and Chicago Fed President Austan Goolsbee are also scheduled to speak during the day. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Powell, Jerome Powell's, Dow Jones, underscoring, Sophie Lund, Yates, Hargreaves Lansdown, Lisa Cook, Austan Goolsbee, Alibaba, Morgan Stanley, danuglipron, Paula Oyibo, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Chicago Fed, P Global, ISM, Dow e, Pfizer, Marvell Technology, Automation, Thomson Locations: New York City, U.S, Bengaluru
Stock Market News, Nov. 30, 2023: Dow Logs Highest Close of 2023
  + stars: | 2023-11-30 | by ( ) www.wsj.com   time to read: +1 min
The 10-year U.S. Treasury note had its best month since 2019, as a sharp unwinding of rate-hike expectations sent investors on a bond-buying spree. The Dow ended the day with its highest close since January 2022, while the Nasdaq Composite managed its best month since July 2022. Salesforce's stock rose, lifting the Dow, after the business-software company reported results last night. The yield on the 10-year U.S. Treasury note ticked up to settle at 4.349%, after three days of declines. Overseas, the Stoxx Europe 600 finished its best month since January.
Persons: Dow, Tesla, Dow industrials Organizations: Treasury, Nasdaq, Dow, Benchmark U.S, Overseas
All eyes are now on the personal consumption expenditure (PCE) index- the Fed's preferred inflation gauge- for October, due at 8:30 a.m. ET, which is expected to show inflation eased in the previous month. The PCE index is expected to rise 0.1% on a monthly basis in October, moderating from a 0.4% increase in September. Data cloud company Snowflake (SNOW.N) added 8.2% after it forecast fourth-quarter product revenue above Street estimates on artificial intelligence driven demand. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Caitlin Ochs, Russ Mould, AJ Bell, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Wall, Federal Reserve, Dow e, Ford Motor, Inc, Thomson Locations: New York City, U.S, Chicago, Bengaluru
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Wall Street indexes ended marginally higher on Tuesday after Fed Governor Christopher Waller, deemed a hawk, hinted at lower interest rates in the months ahead if inflation continued to ease. Other similar positive comments sent Treasury yields tumbling, with the yield on the benchmark 10-year note last at an over two-month low of 4.2840%. Fed Governor Michelle Bowman on Tuesday alluded to the possibility of another rate hike. Reporting by Shristi Achar A and Amruta Khandekar in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Christopher Waller, Governor Bowman, Charalampos Pissouros, Michelle Bowman, Thomas Barkin, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, General Motors, Dow, Nasdaq, Treasury, Federal Reserve, XM, Nvidia, Richmond Fed, Dow e, CrowdStrike Holdings, Thomson Locations: New York City, U.S, Bengaluru
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 20, 2023. The rebound in equities in November has brought the S&P 500 (.SPX) within a very close range of its 2023 intra-day high. Multiple policy voting members are scheduled to speak during the day, including Board Governors Christopher Waller and Michelle Bowman. ET, Dow e-minis were up 14 points, or 0.04%, S&P 500 e-minis were down 1.75 points, or 0.04%, and Nasdaq 100 e-minis were down 16.25 points, or 0.1%. Boeing added 1.7% after RBC Capital Markets upgraded the aerospace company to "outperform" from "sector perform" and set a street-high price target.
Persons: Brendan McDermid, Governors Christopher Waller, Michelle Bowman, Susannah Streeter, Hargreaves Lansdown, Jefferies, Shristi Achar, Shinjini Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Governors, Dow e, Hargreaves, Conference, Boeing, RBC Capital Markets, Thomson Locations: New York City, U.S, United States, Bengaluru
Wall St futures edge lower as investor await data, policy cues
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Wall Street ended the Thanksgiving week on a positive note, with the major indexes notching up their fourth consecutive week of gains on growing optimism that the Federal Reserve was likely done hiking interest rates. ET, Dow e-minis were down 48 points, or 0.14%, S&P 500 e-minis were down 7 points, or 0.15%, and Nasdaq 100 e-minis were down 23.75 points, or 0.15%. The personal consumption expenditure index data for October - the Fed's preferred inflation gauge - is slated to be released on Thursday. Reporting by Shristi Achar A and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, Axel Rudolph, Shristi Achar, Shashwat Chauhan, Saumyadeb Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Dow e, IG Group, Walmart, Crown, Elliott Investment Management, Reuters, GE HealthCare, UBS, Thomson Locations: New York City, U.S, Bengaluru
Futures drift in shortened trading session
  + stars: | 2023-11-24 | by ( ) www.reuters.com   time to read: +3 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing RightsSummaryCompanies Futures: Dow up 0.23%, S&P climbs 0.11%, Nasdaq off 0.01%Nov 24 (Reuters) - U.S. stock index futures were largely muted on Friday in a shortened trading session for Thanksgiving, although Wall Street looked on course to extend its weekly winning run on optimism that U.S. interest rates have peaked. The benchmark S&P 500 (.SPX) is about 1% away from setting a new high for the year. U.S. stock markets were shut on Thursday for the Thanksgiving holiday and will open for a truncated session ending at 1:00 p.m. ET, Dow e-minis were up 80 points, or 0.23%, S&P 500 e-minis were up 5 points, or 0.11%, and Nasdaq 100 e-minis were down 2 points, or 0.01%.
Persons: Brendan McDermid, Joshua Mahoney, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal, Walmart, Composite, Dow e, Nvidia, Reuters, Volkswagen, Thomson Locations: New York City, U.S, China, Bengaluru
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. Nvidia forecast overall revenue above Wall Street targets, but the company warned U.S. export curbs could lead to a steep drop in fourth-quarter sales in China. Shares of Nvidia had initially slipped in premarket trading, but reversed course to climb 1.1%. The central bank's guarded stance is weighing on enthusiasm about rate cuts coming later, Streeter said. ET, Dow e-minis were down 5 points, or 0.01%, S&P 500 e-minis were up 6 points, or 0.13%, and Nasdaq 100 e-minis were up 37.25 points, or 0.23%.
Persons: Brendan McDermid, Susannah Streeter, Hargreaves Lansdown, Sam Altman, Streeter, Caterpillar, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Deere, Co, Dow, Nasdaq, Nvidia, Wall, U.S, Hargreaves, OpenAI, Microsoft, Big Tech, University of, Dow e, Deere & Co, Thomson Locations: New York City, U.S, China
CNBC Pro reviewed FactSet data to see how the major indexes fared 12 months after the final rate hike in prior cycles. In fact, as Hooper observed, the S & P 500 saw double-digit returns following the last increase in five out of the last six rate-hiking cycles. After the final rate hike in June 2006, the S & P 500 gained 18% in the following 12 months, in the runup to the Global Financial Crisis. The S & P 500 lost 12%, while the Nasdaq Composite plunged 41%. The Dow alone came out in positive territory 12 months out.
Persons: Invesco's Kristina Hooper, CNBC's, it's, Hooper, Russell, Dow, Invesco's Hooper Organizations: CNBC Pro, Nasdaq, CNBC, Dow Jones Industrial, Global
Futures drift lower as Nvidia results, Fed minutes loom
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +3 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 17, 2023. Big Tech stocks, which have powered most of the S&P 500's gains this year, now face an important test with Nvidia due to report third-quarter results after markets close. Before the quarterly report, minutes of the Fed's November meeting are likely to offer more cues on the monetary policy path after evidence of slowing inflation boosted expectations that U.S. interest rates had peaked. ET, Dow e-minis were down 51 points, or 0.14%, S&P 500 e-minis were down 4.75 points, or 0.1%, and Nasdaq 100 e-minis were down 4 points, or 0.02%. Among other stocks, U.S.-listed shares of Baidu gained 2% as China's biggest internet search engine provider's third-quarter revenue beat estimates.
Persons: Brendan McDermid, Stuart Cole, Cole, Amruta Khandekar, Ankika Biswas, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Big Tech, Nvidia, Equiti, Traders, Dow e, Baidu, Thomson Locations: New York City, U.S, China
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 27, 2023. Microsoft's shares (MSFT.O) advanced 2% before the bell after CEO Satya Nadella said Altman is set to join the company to lead a new advanced AI research team. Other megacap stocks were mixed, with Nvidia (NVDA.O) edging 0.6% higher, while Alphabet (GOOGL.O) slipped 0.8%. The benchmark S&P 500 (.SPX) is now only 2% away from its highest level this year reached in July. ET, Dow e-minis were up 18 points, or 0.05%, S&P 500 e-minis were up 3.5 points, or 0.08%, and Nasdaq 100 e-minis were up 28.25 points, or 0.18%.
Persons: Brendan McDermid, Bristol Myers, Sam Altman, Satya Nadella, Altman, Susannah Streeter, Hargreaves Lansdown, Nvidia, Germany's Bayer, Amruta Khandekar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Microsoft, Bristol, Dow, Nasdaq, Federal Reserve, Nvidia, Fed, Traders, Dow e, Bristol Myers Squibb, Sunday, Thomson Locations: New York City, U.S
Traders work on the floor of the New York Stock Exchange on April 26, 2023 in New York City. Futures tied to the Dow Jones Industrial Average added 7 points, or 0.02%. S&P 500 futures gained 0.05%, while Nasdaq 100 futures ticked up 0.1%. The S&P 500 added 0.7%, and the Nasdaq Composite jumped 1.1%, marking the fifth positive day for the two indexes. The Nasdaq 100 , meanwhile, climbed about 1.2% and hit a 22-month high earlier in the day.
Persons: Dow, Sam Altman, Lowe's Organizations: New York Stock Exchange, Stock, Dow Jones, Nasdaq, Microsoft, Nvidia, Traders, Federal, HP Locations: New York City
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 15, 2023. The yield on the 10-year Treasury note dropped further to a two-month low on Friday and was last at 4.4082%. Most megacap stocks edged higher in premarket trading, with Amazon.com (AMZN.O) and Nvidia (NVDA.O) up 0.5% and 0.3% respectively. On the economic data front, markets will monitor the housing starts data for October, scheduled for release at 8:30 a.m. ET, Dow e-minis were up 93 points, or 0.27%, S&P 500 e-minis were up 10.75 points, or 0.24%, and Nasdaq 100 e-minis were up 6.5 points, or 0.04%.
Persons: Brendan McDermid, Russell, Mohit Kumar, Austan Goolsbee, Rick Wilmer, Shristi Achar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, Nvidia, Materials, Jefferies, Chicago Fed, Dow e, Old Navy, ChargePoint Holdings, Thomson Locations: New York City, U.S, Europe, Bengaluru
Stock futures oscillated near the flatline Thursday as investors took a step back from this month's rally. S&P 500 futures advanced 0.03%, while Nasdaq 100 futures slipped 0.07%. The S&P 500 added 0.12%, and the Nasdaq Composite closed 0.07% higher. The S&P 500 and the Nasdaq are up more than 2% through Thursday's close, while the Dow is on pace for a 1.9% rise. In November, the S&P 500 is up 7.5%, while the Dow has a 5.7% gain.
Persons: ChargePoint, Dow, Eric Jackson, Powell Organizations: Dow Jones, Nasdaq, Federal Locations: Thursday's
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., October 23, 2023. Target(TGT.N) shares advanced 14.2% before the bell as the big-ticket retailer forecast fourth-quarter profit largely above Wall Street expectations on easing supply-chain costs. The upbeat forecast also lifted shares of rival Walmart (WMT.N) up 1.2%. Separately, retail sales are expected to have slipped 0.3% on a month-over-month basis in October after 0.7% increase in September. ET, Dow e-minis were up 114 points, or 0.33%, S&P 500 e-minis were up 18.75 points, or 0.42%, and Nasdaq 100 e-minis were up 93.25 points, or 0.59%.
Persons: Brendan McDermid, Stuart Cole, Joe Biden, Xi Jinping, Biden, JD.com, Warren Buffett's Berkshire Hathaway, Sruthi Shankar, Amruta, Shinjini Ganguli, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Target, Walmart, U.S . Federal, Equiti, Dow e, U.S . House, Senate, Republican, Sirius XM, Thomson Locations: New York City, U.S, Bengaluru
Futures dip as focus shifts to economic data
  + stars: | 2023-11-13 | by ( ) www.reuters.com   time to read: +3 min
REUTERS/Brendan McDermid Acquire Licensing RightsSummaryCompanies Futures down: Dow 0.02%, S&P 0.17%, Nasdaq 0.22%Nov 13 (Reuters) - U.S. stock index futures edged lower on Monday as investors awaited economic data later this week that could shape expectations around how long the Federal Reserve will keep interest rates elevated. Investors will focus on a slew of economic data this week as well as speeches from Fed officials for signs on the trajectory of interest rates amid growing expectations that the Fed is done hiking borrowing costs. Inflation data on Tuesday is expected to show headline consumer prices eased to 3.3% in October from 3.7% in September. The major U.S. stock indexes have rebounded strongly this month, fueled by a stronger-than-expected earnings season and on hopes that U.S. interest rates are near their peak. ET, Dow e-minis were down 6 points, or 0.02%, S&P 500 e-minis were down 7.75 points, or 0.17%, and Nasdaq 100 e-minis were down 34.75 points, or 0.22%.
Persons: Brendan McDermid, jitters, Moody's, Fitch, Mike Johnson, Sruthi Shankar, Maju Samuel Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, Federal Reserve, CPI, . House, Republican, Dow e, Boeing, Bloomberg News, APEC, Dubai's Emirates, Dubai Airshow, Micron Technology, Memory Technologies, U.S, Thomson Locations: New York City, U.S, China, Dubai, Bengaluru
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