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☆ S&P 500 futures rise after earnings lift the index to a second winning day: Live updates
▼ + stars: | 2024-04-23 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Traders work on the floor during morning trading at the New York Stock Exchange on Jan. 31, 2024. S&P 500 futures edged higher Tuesday night as investors parsed the latest financial releases from corporate America. Futures tied to the broad index advanced 0.1%, while Nasdaq 100 futures popped 0.4%. Tuesday marked a second straight winning day for the broad S&P 500 and tech-heavy Nasdaq Composite , which continued recovering from their recent losing streaks. The blue-chip Dow closed the session more than 260 points higher, or nearly 0.7%, while the S&P 500 and Nasdaq each gained more than 1%.

Persons: Tesla, Jay Hatfield Organizations: New York Stock Exchange, America, Futures, Nasdaq, Dow Jones Industrial, Visa, Texas Instruments, Dow, Infrastructure Capital Advisors, Wednesday, Boeing, Hasbro, Meta, Ford, IBM

☆ Remains from a mother-daughter cold case were found nearly 24 years later, after a deathbed confession from the suspect
▼ + stars: | 2024-04-23 | by ( Alisha Ebrahimji | ) edition.cnn.com time to read: +3 min

In a “detailed, undeniable, unconflicted” deathbed confession to one of the investigators in the case earlier this month, Larry Webb admitted to fatally shooting Natasha “Alex” Carter, who was 10 at the time, and her mother, Susan Carter, nearly 24 years ago, Hatfield said. Webb told the investigator some of his cash in the home went missing, and Webb suspected Susan Carter had “spent a lot of money. “Almost lost hope several times.”Webb had been a suspect from the start of the investigation, authorities said. “The confession aligned with exactly the investigative efforts and the evidence collected” by authorities, Hatfield noted. Hours later, the bodies of Susan and Alex Carter were found, Hatfield said.

Persons: Benjamin Hatfield, unconflicted, Larry Webb, Natasha “ Alex ” Carter, Susan Carter, Hatfield, Webb, “, ” Hatfield, Alex, Susan, ” Webb, Alex’s, Rick Lafferty, ” “ It’s, ” Lafferty, Carter, Alex Carter, Lafferty, ” Organizations: CNN, Authorities, Mount, Mount Olive Correctional, Montgomery General Hospital Locations: West Virginia, Raleigh County, Hatfield, Mount Olive, Montgomery

☆ I quit my job as a delivery driver to be a Henry VIII impersonator. This job is my whole life, and I wouldn't have it any other way.
▼ + stars: | 2024-04-21 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +7 min

David Smith dropped his career as a delivery driver and factory worker to become a Henry VIII impersonator. He earns a living by giving talks and performances as Henry VIII at schools and heritage sites. I was eight years old when I saw a portrait of Henry VIII in all his regalia. Everything changed when I found a Henry VIII outfit on Facebook Marketplace for £20 ($25) in 2021. Out of all the events I've attended, that was the one that made me feel most like Henry VIII.

Persons: David Smith, Henry VIII, wouldn't, —, Smith, I'd, King, Henry, Henry VIII's, Anne Boleyn, Marquess, I've, must've, Henry Smith, wasn't, I'm, It's Organizations: Service, Facebook, Hatfield House Locations: Penshurst, Hatfield, Hatfield House, Salisbury

☆ Google terminates 28 employees after multi-city protests: Read the full memo
▼ + stars: | 2024-04-18 | by ( Hayden Field | ) www.cnbc.com time to read: +7 min

Google workers have the right to peacefully protest about terms and conditions of our labor. Last month, Google Cloud engineer Eddie Hatfield interrupted a keynote speech from the managing director of Google's Israel business stating, "I refuse to build technology that powers genocide." That same week, an internal Google employee message board was shut down after staffers posted comments about the company's Israeli military contracts. The Israeli Ministry of Defense reportedly sought consulting services from Google to expand its access to Google Cloud services. "A small number of employee protesters entered and disrupted a few of our locations," a Google spokesperson told CNBC Wednesday evening.

Persons: Thomas Kurian's, Chris Rackow, Googlers, Cheyne Anderson, Anderson, Eddie Hatfield, Hatfield, Israel, Ariel Koren, It's, Hasan Ibraheem, Ibraheem Organizations: Google, CNBC, Google Cloud, Apartheid, Protesters, Hamas, enclave's Health Ministry, Israeli Ministry of Defense, The New York Times, Security, New Locations: New York, Sunnyvale , California, Sunnyvale, Seattle, Washington, Israel, Gaza, South Africa, York, New York City

☆ Google workers arrested after nine-hour protest in cloud chief's office
▼ + stars: | 2024-04-17 | by ( Hayden Field | ) www.cnbc.com time to read: +6 min

Nine Google workers were arrested on trespassing charges Tuesday night after staging a sit-in at the company's offices in New York and Sunnyvale, California, including a protest in Google Cloud CEO Thomas Kurian's office. Anderson had flown to Sunnyvale for the protest in Kurian's office and was one of the workers arrested Tuesday. Last month, Google Cloud engineer Eddie Hatfield interrupted a keynote speech from the managing director of Google's Israel business stating, "I refuse to build technology that powers genocide." The Israeli Ministry of Defense reportedly sought consulting services from Google to expand its access to Google Cloud services. "A small number of employee protesters entered and disrupted a couple of our locations," a Google spokesperson told CNBC.

Persons: Thomas Kurian's, Cheyne Anderson, Anderson, Eddie Hatfield, Hatfield, Israel, Ariel Koren, It's, Hasan Ibraheem, Ibraheem, Googlers Organizations: Google Cloud, Apartheid, Google, CNBC, Hamas, enclave's Health Ministry, Israeli Ministry of Defense, The New York Times, Security, New, Sunnyvale Locations: New York, Sunnyvale , California, Sunnyvale, Seattle, Washington, Israel, Gaza, South Africa, York, New York City

☆ Hatfield: This is the year of global rate cuts, which should support stocks
▼ + stars: | 2024-04-01 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: This is the year of global rate cuts, which should support stocksJay Hatfield, founder and CIO of Infracap, discusses why he raised his S&P 500 price target to among the highest on Wall Street, and why even that new target may be too low.

Persons: Jay Hatfield Organizations: Infracap

☆ Nasdaq 100 futures rise after Tuesday's sell-off, investors await Powell's testimony: Live updates: Live updates
▼ + stars: | 2024-03-05 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., February 29, 2024. Futures linked to the Nasdaq 100 rose on Tuesday night, following a sharp sell-off for all three major averages. S&P 500 futures added 0.05%, and Dow Jones Industrial Average futures inched higher by 19 points, or 0.05%. Investors dumped large-cap tech names, fueling Tuesday's losses and notching the worst day since Jan. 2 for the tech sector. While the market will likely react to Powell's commentary, Hatfield thinks that his remarks should not come as a surprise to investors.

Persons: Nordstrom, Jay Hatfield, It's, Hatfield, it's Organizations: New York Stock Exchange, Nasdaq, Dow Jones Industrial, Dow, Investors, Apple, Counterpoint Research, Microsoft, Infrastructure Capital Advisors, Financial Services Committee Locations: New York City, U.S, China

(AP) — A divided Missouri Supreme Court upheld voting districts drawn for the state Senate on Wednesday, rejecting a legal challenge that claimed mapmakers should have placed a greater emphasis on keeping communities intact. The high court's 5-2 decision means the districts, first used in the 2022 elections, will remain in place both for this year's elections and ensuing ones. While a Republican Senate committee supported the Senate map enacted in 2022 by a panel of appeals court judges, a GOP House committee sided with Democratic-aligned voters suing for the districts to be overturned. The third prioritizes “contiguous” and “compact” districts, and the fourth requires communities to be kept whole in districts if possible under the equal population guidelines. The Supreme Court said a trial judge correctly decided that the constitution makes “compact” districts a higher priority than keeping communities intact.

Persons: Judge Kelly Broniec, Mike Parson's, Judge W, Brent Powell, Judge Paul Wilson, ” Powell, Chuck Hatfield, ” Hatfield, I’m, Pro Tem Caleb Rowden, ” Organizations: JEFFERSON CITY, Republicans, Republican, GOP, Democratic, Republican Gov, Pro Locations: Mo, Missouri, Buchanan, Louis, Hazelwood, ”

☆ Stock futures are little changed on Sunday night after a record week for the S&P 500: Live updates
▼ + stars: | 2024-02-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

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

(AP) — Missouri's high court entertained arguments Thursday on whether to force changes to the state's Senate districts in a case that has divided majority-party Republicans over how to apply new voter-approved redistricting criteria. The lawsuit brought by voters contends that Senate districts in suburban St. Louis and western Missouri's Buchanan County violate the state constitution by needlessly splitting cities or counties into multiple districts. The outcome of the case won't affect immediate control of the Senate, where Republicans hold a 24-10 majority over Democrats. Deputy Solicitor General Maria Lanahan told judges that various other Senate districts — though not challenged by plaintiffs — also split counties while not following political subdivision lines. "Compact, contiguous territory is the first and most powerful line of defense against political and racial gerrymanders,” Senate Republicans wrote in a brief filed by attorney Eddie Greim.

Persons: Chuck Hatfield, Hatfield, Maria Lanahan, —, ”, Eddie Greim Organizations: JEFFERSON CITY, Republicans, Republican, GOP, Democratic, Senate, Democrats, Missouri House Republican, ” Locations: Mo, St, Louis, Missouri's Buchanan, Missouri, Buchanan, Hazelwood

☆ Here's where to invest $250,000 for the next 5 years
▼ + stars: | 2023-12-04 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

CNBC Pro spoke to financial advisors and investment experts to find out how they would allocate $250,000 over the next five years. Preferred Stocks: Preferred stocks have attractive yields and are depressed after two years of weak stock and bond markets — and so are set to gain if the stock market recovers, Hatfield said. Preferred stocks have characteristics of both stocks and bonds — they trade on exchanges like stocks but they have a face value and pay dividends like bonds. They are also like bonds in that when the value of the preferred stock goes down, yields rise. $30,000 to investment grade bonds: This is a conservative investment that will benefit if long-term rates rally, he said.

Persons: Jay Hatfield, Hatfield, Microsoft —, Paul Gambles, James McManus, McManus, — CNBC's Michael Bloom Organizations: CNBC, Infrastructure Capital Advisors, U.S . Preferred, Nasdaq, Nvidia, Microsoft, U.S . Federal Reserve, Family, JPMorgan Locations: U.S, Hatfield, Asia, Pacific, Europe

☆ Stock futures are little changed after Moody’s downgrades U.S. outlook: Live updates
▼ + stars: | 2023-11-12 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock exchange during morning trading on November 10, 2023 in New York City. U.S. stock futures inched down Sunday night after Moody's Investors Service lowered its U.S. credit rating outlook to negative from stable. Moody's on Friday underscored the U.S.' "very large" fiscal deficits and partisan gridlock in Washington as contributing factors for the downgrade. The ratings agency reaffirmed America's credit rating at AAA, the highest level. The S&P 500 rose 1.3% the previous week, while the Dow and Nasdaq gained about 0.7% and 2.4%, respectively.

Persons: Moody's, Fitch, Jay Hatfield, That's, Lisa Cook Organizations: New York Stock, Moody's Investors Service, Dow Jones Industrial, Nasdaq, AAA, U.S, Infrastructure Capital Management, Federal Reserve Bank of New, Dow Locations: New York City . U.S, Washington, Hatfield

☆ Wavering ‘Magnificent Seven’ draw bargain-hunters amid U.S. stock sell-off
▼ + stars: | 2023-11-01 | by ( Lewis Krauskopf | ) www.reuters.com time to read: +5 min

Surging bond yields and mixed earnings reports have weighed on the so-called Magnificent Seven stocks, which are collectively down an average of about 15% from their 52-week highs, though they all still sit on hefty gains for the year. The stocks now trade at an average forward price-to-earnings ratio of about 30 times compared with 45 times in mid-June. I actually think the Magnificent Seven will hold up better,” said King Lip, chief strategist at Baker Avenue Wealth Management. Because the Magnificent Seven have a combined weighting of 28% in the S&P 500, their performance holds a large sway over the broader index. Lip said his firm owns shares of all seven companies and has recently added to its holdings in some of them.

Persons: Brendan McDermid, Meta, ”, Lip, Jay Hatfield, Kim Forrest, ” Forrest, Apple’s, Hatfield, Thomas Ognar, Ognar, ” Ognar, Lewis Krauskopf, Ira Iosebashvili, Jonathan Oatis Organizations: NVIDIA Corp, New York Stock Exchange, REUTERS, Apple, Microsoft, Wealth Management, Tech, BofA Global Research, Vanda Research, Federal, Treasury, U.S, Google, Facebook, Bokeh Capital Partners, Nvidia, Allspring, Thomson Locations: New York City, U.S

☆ Hatfield: The AI boom and peak in rates could take stocks above fair value
▼ + stars: | 2023-10-23 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHatfield: The AI boom and peak in rates could take stocks above fair valueJay Hatfield, Founder and CIO of Infracap, discusses the key catalysts he's watching in the markets.

Persons: Jay Hatfield Organizations: Infracap Locations: Hatfield

☆ US oil is back, and ExxonMobil's $60 billion deal isn't even the biggest signal
▼ + stars: | 2023-10-15 | by ( Tim Mullaney | ) www.cnbc.com time to read: +8 min

The news came a day after a $60 billion deal between Exxon Mobil and independent oil producer Pioneer Natural Resources . Monthly production topped out at 13 million barrels per day in November 2019 and hit 9.9 million by February 2021. And offshore oil drilling in the Gulf of Mexico recovered to 2 million barrels a day, but hasn't grown. Where oil companies have been spending their money U.S. oil companies cut capital spending to $106.6 billion last year from $199.7 billion in 2014, according to Statista, contributing to the decline in oil production and arguably delaying the recovery. According to Energy Department data, oil and gas companies paid out about $75 billion per quarter in the last year.

Persons: Brittany Sowacke, Rob Thummel, hasn't, what's, Thummel, Alexandre Ramos, Jay Hatfield, doesn't, Baker, Hughes, Darren Woods, Woods, Hatfield, Ramos, Peon, aren't Organizations: Bloomberg, Getty, Energy, U.S . Department of Energy, Exxon Mobil, Natural Resources, Wall, Exxon, Big Oil, America, Rystad Energy, Oil, Infrastructure Capital Advisors, Energy Department, Pioneer, CNBC, Chevron, PDC Energy, Noble Energy, Independent, Global, ExxonMobil, OPEC, Iran Locations: Midland , Texas, Brittany, Kansas City, Mo, U.S, Oklahoma, North Dakota, Alaska, Gulf, Mexico, Texas, New Mexico, Colorado, New York, American, Hatfield, Israel, Iran

☆ Wall Street needs a boost from earnings. Can JPMorgan Chase run a strong first leg?
▼ + stars: | 2023-10-12 | by ( Krystal Hur | ) edition.cnn.com time to read: +6 min

Analysts expect a 0.4% year-over-year decline in third-quarter earnings for companies in the S&P 500 index, according to FactSet. Analysts expect America’s biggest bank to report earnings per share of $3.90 and revenue of $39.57 billion for the third quarter, according to Refinitiv. Citigroup, Wells Fargo and BlackRock also report earnings Friday. “Our children are in crisis, and it is up to us to save them,” Hochul said, comparing social media algorithms to cigarettes and alcohol. Those who opt out would receive chronological feeds instead, like in the early days of social media.

Persons: ”, Michael Arone, Jay Hatfield, ” Hatfield, Banks, JPMorgan Chase, Jamie Dimon, Dimon, Wells, Chris Isidore, Darren Woods, Read, Kathy Hochul, Letitia James, Michael Mulgrew, Sen, Andrew Gounardes, Nily, “, ” Hochul, Athena Jones, Brian Fung Organizations: CNN Business, Bell, CNN, Investors, State Street Global Advisors, stoke, Infrastructure Capital Management, JPMorgan Chase, JPMorgan, First, Bank, Citigroup, ExxonMobil, Natural Resources, Midland Basins, New York Gov, New York, United Federation of Teachers Manhattan, New Locations: Wells Fargo, BlackRock, United States, Midland , Texas, Delaware, Midland, New York

Retail sales rose 0.6% in August, compared with a revised 0.5% increase in July, according to a report issued by the Commerce Department on Thursday. The surge in gas prices is coursing through the economy and could slow down shoppers' momentum heading into the critical holiday shopping season. Excluding gas sales, retail sales were just up 0.2% for August, according to the Commerce Department report. Sales at gas stations rose a robust 5.2%, while furniture and home furnishings stores saw a 1% drop in sales. August's uptick in retail sales, which marks the fifth straight monthly gain, reflects the economy’s resiliency despite a still tough economic environment.

Persons: August's, ”, Michael Pearce, “, Anne Hatfield, They’re, Kendra Scott, Chris Rugaber, Anne Organizations: Commerce Department, U.S . Labor Department, Labor Department, Federal Reserve, AAA, Amazon Prime, U.S, Oxford Economics, ”, Walmart, Pride, AP Locations: Washington

(AP) — A Missouri judge has upheld the constitutionality of the state's Senate districts in a case that provided the first legal test of revised redistricting criteria approved by voters. Cole County Circuit Judge Jon Beetem rejected claims that the Senate map unlawfully divided certain local governments into multiple Senate districts, but an attorney said Wednesday that his clients are considering an appeal. In Missouri, two separate bipartisan citizen commissions are supposed to redraw state House and Senate districts after each census to account for population changes. Hatfield said he doesn't believe the constitutional criteria make it OK to split a county into multiple districts when it could be kept whole. The Senate districts were defended in court by Attorney General Andrew Bailey's office.

Persons: Jon Beetem, “, Chuck Hatfield, Beetem, Hatfield, doesn't, Andrew Bailey's, Bailey, Madeline Sieren, ” Organizations: JEFFERSON CITY, —, Cole, Republican, Judicial Locations: Mo, Missouri, state's, ” Missouri, Louis, Hazelwood, Buchanan County, St

☆ Walmart changes starting pay structure for entry-level store workers
▼ + stars: | 2023-09-07 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Kamil Krzaczynski Acquire Licensing RightsCompanies Walmart Inc FollowSept 7 (Reuters) - Walmart (WMT.N) is changing the hourly starting wage structure for entry-level store workers, as companies seek to reduce costs in a slowing job market. Deli, auto center and bakery workers will continue to receive higher starting wages as they are higher-skilled roles, she added. The Wall Street Journal, which was the first to report the wage structure changes that went into effect in mid-July, said the changes mean paying some new store workers less than it would have three months ago, citing documents seen by the Journal and store workers. Walmart pays its employees different starting wages based on where the store is based. The new wage structure will not change Walmart's minimum hourly wage of $14 or result in any pay cuts for existing employees, the spokesperson said.

Persons: Kamil Krzaczynski, Anne Hatfield, Hatfield, Walmart's, Ananya Mariam Rajesh, Siddharth Cavale, Maju Samuel, Frances Kerry Organizations: REUTERS, Walmart, Street, Journal, Midwest, Reuters, Thomson Locations: Chicago , Illinois, U.S, United States, Bengaluru, New York

☆ Walmart cuts starting pay for new hires who prepare online orders, stock shelves
▼ + stars: | 2023-09-07 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +4 min

A worker stocks the shelves at a Walmart store on January 24, 2023 in Miami, Florida. Walmart announced that it is raising its minimum wage for store employees in early March, store employees will make between $14 and $19 an hour. Walmart has cut starting pay for new store employees who pick and pack online orders and stock shelves, raising questions of whether companies face a cooling labor market or are adjusting to a return to pre-pandemic shopping habits. New Walmart employees who join the digital or stocking teams now make about a dollar-an-hour less than they would have if hired several months ago. In a statement, Walmart said it made the change so its starting pay was consistent, whether a store employee worked at the cashier, stocked shelves or helped with online orders.

Persons: Anne Hatfield, Hatfield, John Furner, That's Organizations: Walmart, Amazon, Wall Street, Walmart U.S Locations: Miami , Florida, U.S, Target

☆ Chevron’s LNG plants in Australia face strike action
▼ + stars: | 2023-08-29 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

“If a strike were to go ahead, prices would rise, particularly if industrial action escalates, and it is unclear how long it would last. Last week, European natural gas prices soared to €42.9 per megawatt hour, “their highest closing level since April” in anticipation of looming industrial action, according to Deutsche Bank analysts. But on Friday, union workers announced a deal in principle with Woodside and called off a planned strike. Impending strike actionChevron, too, had presented a new offer to workers at its Gorgon and Wheatstone facilities last week. A Chevron Australia spokesperson confirmed to CNN on Tuesday that it had received notice of planned action next week.

Persons: Daniel Toleman, Wood Mackenzie, ”, Wheatstone, Mark Hatfield Organizations: Hong Kong CNN, Chevron, Offshore Alliance, Australian Workers ’ Union, Maritime Union of Australia, CNN, Traders, Deutsche Bank, ”, “ Offshore Alliance, ” Chevron, Chevron Australia, Energy Locations: Hong Kong, Australia, Asia, Woodside, Australian, Ukraine

☆ Stocks are heading for a down August as market kicks off September with jobs report
▼ + stars: | 2023-08-25 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Regardless, the major averages are set to close a losing month as higher yields and Fitch downgrades weighed on equities this month. "Further cooling in the labor market and the services sector," said Brian Ellis, portfolio manager at Morgan Stanley Investment Management. The labor report will be preceded by the July personal consumption expenditures, or PCE, report on Thursday. In fact, many investors expect that the Federal Reserve is probably done hiking rates here as policymakers await the effects of higher rates on the real economy. Increasingly, investors are looking for opportunities in income as they deal with the possibility of higher rates for longer.

Persons: Jerome Powell, Jackson, Jay Hatfield, Fitch downgrades, nonfarm, Brian Ellis, Powell, Morgan, Ellis, Ben Kirby, that's, Thornburg's Kirby, Campbell Organizations: Federal, Nvidia, Nasdaq, Dow Jones, Capital Management, Dow Jones Industrial, FactSet, Morgan Stanley Investment Management, Federal Reserve, Thornburg Investment Management, Labor, Investors, Dallas Fed, Hewlett Packard Enterprise, HP, ADP, Costco, PCE, PCE Deflator, Chicago PMI, Dollar, Broadcom, Jobs, PMI, Manufacturing Locations: , Wyoming, U.S, cautiousness, Smucker, Chicago

☆ Nvidia's blowout quarter is a bullish signal for stocks, but not right now, investors say
▼ + stars: | 2023-08-24 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Nvidia's blowout quarter was a positive signal for stocks, but maybe not at just this moment, some investors say. "We're bullish on the market, but more in the fourth quarter than the fall," said Infrastructure Capital Management CEO Jay Hatfield. The investor expects the S & P 500 will close the year up at 5,000, which is roughly 12% above where the index closed Wednesday. On Thursday, the major averages turned lower during midday trading after a boost from Nvidia earnings results faded . For the month of August, the Dow Jones Industrial Average and S & P 500 are down by more than 3%, each.

Persons: Jay Hatfield, Hatfield, hasn't, Hogan, Vital, Adam Crisafulli Organizations: Capital Management, Nvidia, Dow Jones Industrial, NVIDIA, Wall, Riley

☆ CNBC Daily Open: A ‘perfect storm’ battered U.S. stocks
▼ + stars: | 2023-08-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange on August 16, 2023 in New York City. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. A 'perfect storm' battering marketsSurging global bond yields, a slumping Chinese economy amid a worsening property sector crisis, the possibility of higher interest rates in the U.S. — those factors combined to create "the perfect storm" that battered stock markets last week, analysts say. [PRO] 'Three' things to look out forThe week ahead will "revolve around three things," said Infrastructure Capital Management CEO Jay Hatfield.

Persons: Elon Musk, Musk, Jay Hatfield, Jackson, Sarah Min, Jerome Powell's Organizations: New York Stock Exchange, CNBC, Elon, SpaceX, Twitter, DMs, Capital Management Locations: New York City, U.S

☆ CNBC Daily Open: Unwelcome déjà vu in U.S. markets
▼ + stars: | 2023-08-21 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Japan's Nikkei 225 added 0.75%, but Hong Kong's Hang Seng Index dropped 1.38%. Beleaguered Chinese real estate company Country Garden will be removed from Hong Kong's index on Sept. 4 and replaced by Sinopharm. It wasn't just U.S. markets that fell — Hong Kong's Hang Seng Index closed in bear market territory Friday.

Persons: Jay Hatfield, Jackson, Sarah Min, Jerome Powell's Organizations: CNBC, Nikkei, Global, Elon, SpaceX, Capital Management Locations: Asia, Pacific, U.S

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