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Futures linked to the Dow Jones Industrial Average hovered near the flatline Wednesday evening after the 30-stock index posted its sixth consecutive winning day. S&P 500 futures hovered near the flatline, while Nasdaq 100 futures fell 0.1%. During regular trading Wednesday, the S&P 500 inched slightly lower to close near the flatline, while the Nasdaq Composite slid about 0.2%. A slate of falling tech stocks weighed on the indexes, including Uber and Shopify , both of which had recently reported quarterly results. Investors will next turn their attention toward quarterly results from Warner Bros Discovery and Akamai Technologies on Thursday.
Persons: Airbnb, Uber, Dow, Josh Brown, we've Organizations: Dow Jones, Dow, Nasdaq, Ritholtz Wealth Management, Warner Bros Discovery, Akamai Technologies
April saw the highest number of corporate bankruptcies in a year, S&P Global said. Eroding bets of an interest rate cut contribute to this, as burdened business throw in the towel. AdvertisementCorporate bankruptcies increased in recent months amid teetering confidence in a quick interest rate pivot. AdvertisementBy one measure, rising costs did slow when a rate cut looked likely in early 2024. But last month's stubborn inflation and slowing GDP made a Fed cut look unlikely, and yields shot up to 8.11%.
Persons: , April's, Frances Donald Organizations: P Global, Service, Federal, ICE, Fed, Investment
U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. Tech stocks, which would be boosted by rate cuts, have been a big part of that rally — with Meta , Alphabet and Amazon in particular having a strong showing over the past couple of weeks. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. Kevin Liu, managing director and strategist at CICC Research, said his conviction call would be a structural barbell allocation with themes including tech names "with high-end upgrading opportunities," among others. Stock screen Against this backdrop, CNBC Pro screened FactSet for stocks from four exchange-traded funds (KraneShares CSI China Internet ETF, Vanguard Information Technology ETF, Invesco China Technology ETF and the iShares MSCI China Multisector Tech ETF) to find stocks that: have beaten the S & P 500's around 9% year-to-date performance.
Persons: Bernstein, Kevin Liu Organizations: Dow Jones, Tech, UBS, CICC Research, CNBC Pro, CSI China Internet, Vanguard Information Technology, China Technology ETF, China Multisector Tech Locations: China
We've got you covered if you're looking for how to get tickets to Maroon 5's concert tour. Maroon 5 2024 tour scheduleMaroon 5 has 16 concert dates lined up for their Las Vegas residency in 2024. Of course, original ticket prices for Maroon 5's 2024 tour vary depending on date, location, and demand for each show. Generally, resale ticket prices for Maroon 5's 2024 shows are comparable to or cheaper than the costs of standard original tickets. Maroon 5 doesn't have any opening acts for their Las Vegas residency concert dates.
Persons: Adam Levine, We've, Maren Morris, hasn't Organizations: Business, Las Vegas, MGM, Dolby, Las, Ticketmaster, Vivid Locations: Las Vegas, North America, Vegas, Clarkston, MI, Toronto, ON, Canada, Charlotte, NC, Holmdel, NJ, Springfield, NY, Milwaukee, Ottawa, Clarkston , Michigan, , New Jersey, Springfield , Massachusetts, Toronto , Ontario, Ottawa , Ontario
This year the rate markets have come back to a more sensible reality after flirting with the la-la land of 7 cuts. And all the while, the more sensible equity markets have paid only fleeting attention to their rate brother's whining. As a guy who was brought up in the fixed income and currency markets, I'm increasingly finding more sensibility in the equity markets as I head into later stages of my career. Having five-year inflation expectations (as measured by the 5-year breakeven inflation rate) never ramp higher while cumulative inflation surged around 20% since January 2021 is a testament to his stalwart success. There have been no fumbles at the Fed so far during a protracted fight to ensure anchored inflation expectations and long term price stability.
Persons: Consensonomics, Jerome Powell's, Jay, Janet Yellen's, Janet, Stanley Druckenmiller, I'm, David Zervos Organizations: Equity
Washington CNN —The Metropolitan Police Department in Washington, DC, cleared out a pro-Palestinian encampment on George Washington University’s campus early Wednesday and arrested 30 protesters there and three others in a separate altercation, Metro Police Chief Pamela A. Smith said. Yet after police cleared the encampment, House Oversight Chair James Comer, a Republican from Kentucky, announced the hearing was canceled and took credit for spurring action. GW’s encampment was set up about two weeks ago in the University Yard, a grassy square on campus surrounded by a food hall and university buildings. Officers deployed pepper spray three timesPeople listen as activists and students protest near an encampment at University Yard, George Washington University on April 28, in Washington, DC. Ahmed El Masry, a demonstrator at the GW encampment, said he left the encampment at about 2 a.m. but rushed back about two hours later when he heard police were working to clear the space.
Persons: George Washington, Pamela A, Smith, Muriel Bowser, James Comer, Mayor Bowser, ” Comer, Ellen Granberg, , Kent Nishimura, Jeffery Carroll, GW, ” GW, Ahmed El Masry, , , “ I’m, we’ve, ” Dante O’Hara, ” O’Hara, , Joyce F, Brown, spokespeople, ” Brown, Chancellor Javier Reyes, George Floyd, Pam Smith Organizations: Washington CNN, The Metropolitan Police Department, Metro Police, Washington, Republican, Police, University Yard, MPD, Yard, George Washington University, GW Police, , Police Department’s, DC, Coalition, UMass, Amherst, CNN, Fashion Institute of Technology, University of Massachusetts, NYPD, Massachusetts Daily Collegian, University of Massachusetts Police Department, DC Metropolitan Police Locations: Washington , DC, Kentucky, Gaza, Israel, , GWU, New York City, Amherst
Speaker Mike Johnson on Wednesday easily batted down an attempt by Representative Marjorie Taylor Greene of Georgia to oust him from his post, after Democrats linked arms with most Republicans to fend off a second attempt by G.O.P. The vote to kill the effort was an overwhelming 359 to 43, with seven Democrats voting “present.”Democrats flocked to Mr. Johnson’s rescue, with all but 39 of them voting with Republicans to block the effort to oust him. In addition to the seven who voted “present,” registering no position, 32 Democrats voted against thwarting Ms. Greene’s motion. While for weeks Ms. Greene had appeared to be on a political island in her drive to jettison yet another G.O.P. speaker, 11 Republicans ultimately voted against blocking her motion.
Persons: Mike Johnson, Marjorie Taylor Greene, Johnson’s, , Johnson, Kevin McCarthy, Greene, McCarthy Organizations: Democratic, Republicans, Democrats Locations: Georgia
When it comes to traveling from Florida to Virginia, the Amtrak Auto Train is one of the best ways to get around. By riding the Auto Train, I saved over 900 miles on my car and skipped all of the traffic on Interstate 95. Here's what taking the Amtrak Auto Train was like and why I think it's worth every penny. When it came to purchasing tickets for the Amtrak Auto Train, I tried to pick the cheapest option, which was in the coach section. Unloading my car was a pretty simple processThe Amtrak Auto Train boarding and unloading process was pretty smooth.
Persons: , I've Organizations: Service, Amtrak, Business, Amtrak Auto, Amtrak Auto Train, Getty Locations: Florida, Virginia, Sanford , Florida, Lorton , Virginia, Miami, stow
There may be a case to bet on technology stocks, even if interest rates remain higher for longer. While conventional wisdom suggests high rates should punish the group, investors still favor the earnings growth offered by megacap tech stocks, according to The ETF Store President Nate Geraci. "Investors are viewing megacap tech as a quality play," he told CNBC's "ETF Edge" on Monday. Even if a U.S. economic slowdown takes hold, Geraci thinks quality tech names can remain in a leadership role. "I think that causes investors to rethink making bets on companies with earnings that are far out into the future."
Persons: Nate Geraci, CNBC's, Cathie, Geraci Organizations: Technology, Innovation Locations: LSEG, U.S
Allison Chase is a practicing psychologist with over 20 years of experience in her profession. The good news is I am able to tune into what is happening and hopefully how to deal with it, but I am definitely impacted by stress, anxiety, all those things just like everybody else is." Chase pulls the tools from her decades-old vault of expertise to prevent her stress from consuming her. "I really do work on trying to calm my body down because stress has physical effects on our body, everywhere. When Chase is dealing with a lot of stress, she asks for help and leans on the people that she can count on.
Persons: Allison Chase, Chase, she's Organizations: Centers for Disease Control, Eating
If you want to watch any free Real Madrid vs. Bayern live streams from outside the origin countries listed below, you'll hit a geo-block when you try to watch them. Then get stuck in and enjoy this free Champions League live stream. How to watch Real Madrid vs. Bayern live stream with a VPNSign up for a VPN if you don't have one. You need a VPN to access the site and Champions League live streams outside Australia. Where to watch Real Madrid vs. Bayern in AustraliaThe Champions League is a Stan Sport exclusive in Australia and you can watch every game there.
Persons: Jude Bellingham, Harry Kane, Kane, you'll, Stan, Stan Sport, ExpressVPN, you've, Stan Sport's, You'll Organizations: Business, Dortmund, Champions League, Wembley, Real Madrid, Bayern, aplomb, League, Virgin Media, RTL Club, AWST ., BT Sport, TNT Sport, BT, TNT, Discovery, Amazon, Amazon Prime, Champions, Stan Sport, Sport, country's Champions League, Paramount Plus, Paramount, CBS Locations: London, Real, Bayern, Bellingham, Madrid, Ireland, RTL2, Luxembourg, Belgium, Austria, AWST, Australia, USA
Bank of America says do not sell in May and go away
  + stars: | 2024-05-08 | by ( Alex Harring | ) www.cnbc.com   time to read: +2 min
Investors should ignore the adage about selling off equities in May as a big preelection summer rally could be coming, according to Bank of America. "Do not sell in May and go away," Stephen Suttmeier, the firm's technical research strategist, told clients in a Tuesday note. He pointed to the fact that June through August has been the second strongest three-month stretch for the S & P 500 for all years since 1928. In those three months alone, the broad market index has gained 65% of the time with an average return of 3.2%, according to Bank of America data. .SPX YTD mountain S & P 500, YTD And there's a key factor Suttmeier sees changing the narrative for the better this year: the presidential election.
Persons: Stephen Suttmeier, It's, Jerome Powell, Suttmeier, Williams Organizations: Bank of America, Dow Jones, Federal
CNN —Israel’s attack in the southern Gaza city of Rafah has expanded from airstrikes to ground operations, new satellite images obtained by CNN from Planet Labs show. Satellite images suggest these strikes are continuing, with one picture showing smoke still rising from one location. Palestinians arrive at Al Kuwaiti Hospital in Rafah, Gaza, after Israeli air strikes on May 8. Planet Labs, PBC Satellite images from May 6 and May 7 show damage in Rafah, Gaza. Planet Labs, PBC Satellite images show Rafah, Gaza, before and during an airstrike.
Persons: CNN —, Israel, Tal, Benjamin Netanyahu, Gazans, , Jens Laerke Organizations: CNN, Planet Labs, Israel Defense Forces, IDF, Al Kuwaiti, Al, PBC, , 401st Brigade Combat, Hamas, Food Locations: Gaza, Rafah, Egypt, Al Kuwaiti, Tal Al Sultan, , Geneva . Northern Gaza
Bank of America reiterates Apple as buy Bank of America is sticking with its buy rating on shares of Apple after its Tuesday iPad event. Bank of America reiterates Rivian as buy Bank of America said it's standing by the EV maker following earnings on Tuesday. " Bank of America initiates Sutro as buy Bank of America said it's bullish on shares of the biotech company. Deutsche Bank upgrades Boston Beer to hold from sell Deutsche upgraded the stock mainly owing to valuation. Bank of America reiterates Nvidia and Micron as buy Bank of America said it's sticking with buy ratings on both Nvidia and Micron.
Persons: Wells, Baird, Apple, Morgan Stanley, NKE, Reddit, Rivian, RIVN, Rosenblatt, Raymond James, it's, Roth, SHLS, Goldman Sachs, Goldman, ZI, YTD, Stephens, Ferrari Organizations: Hexcel Corporation, Old Dominion, Bank of America, Apple, Nike, Citi, Barclays, Disney, Nasdaq, JPMorgan, VMware, Broadcom, Deutsche Bank, Boston Beer, Deutsche, Nvidia, Micron, AMD, ARM, MU, Garden Entertainment, Knicks, Rangers, UBS, Ferrari Locations: Old, Disney, Datadog, RDFN
Overview of the Guaiba River in Porto Alegre, Brazil, captured on April 21, before the area was flooded, and May 7, during floods. Maxar Technologies Overview of the Guaiba River in Porto Alegre, Brazil, captured on May 7, amid flooding. Maxar Technologies Porto Alegre's Salgado Filho International Airport is pictured under flood water on May 7. Maxar Technologies Porto Alegre's Salgado Filho International Airport is seen before flooding, left, and with its runways submerged under flood waters, right. Maxar Technologies The Gremio Arena in Porto Alegre, Brazil, is seen flooded on May 7.
Persons: Cai Rivers, Salgado, Alegre's Salgado, El Niño, Neymar Jr, Luiz Inácio Lula da Silva Organizations: CNN, Technologies, Maxar Technologies, Porto, Maxar, Gremio Arena, Arena, Gremio, Brazilian Football Confederation Locations: Brazil, Rio Grande do Sul, Porto Alegre, Pacific
Investors looking for protection against market downside are turning toward buffer exchange-traded funds, also known as defined-outcome ETFs. Buffer ETFs have exploded in popularity in recent years, although they are still a small slice over the overall industry. How buffer ETFs work Managers use a set of equity options when building a fund. Recently, Calamos announced a new product line of 12 ETFs that offers 100% downside protection. The first in the line, Calamos S & P 500 Structured Alt Protection ETF (CPSM) , began trading May 1.
Persons: Lan Anh Tran, Morningstar, Tran, Todd Sohn, Strategas, Sohn, Calamos, Russell, Matt Kaufman, Kaufman, Morningstar's Tran, HELO 1Y, It's Organizations: Morningstar, Strategas Securities, Capital Management, Equity, PGIM, Allianz, BlackRock, Treasury, Trust, JPMorgan Hedged Equity, JPMorgan Locations: BlackRock
A small tweak in BlackRock's model portfolio turned a sleepy fund into one of the market's fastest growing active ETFs overnight. BlackRock added the U.S. Equity Factor Rotation ETF (DYNF) to its target allocation model portfolio in mid-March. The growth of DYNF sits at the center of two broader trends — rapid growth of model portfolios and the proliferation of active ETFs. Model portfolios are strategies offered by asset managers to investors and financial advisors. Meanwhile, model portfolios that want to add active management may not be able to add the best-performers in a category.
Persons: Michael Gates, DYNF, financials, Berkshire Hathaway, Morningstar, Elisabeth Kasner, Kasner, It's Organizations: U.S, Equity, BlackRock's, Stock Market, Microsoft, Nvidia, Berkshire Locations: BlackRock, DYNF
Bank stocks have been in comeback mode since making a key low post the regional bank crisis in 2023. A new breakout could be on the horizon, according to the charts. Two of the most popular bank ETFs are the SPDR S & P Regional Banking ETF (KRE) and the SPDR S & P Bank ETF (KBE) . Both are lagging the S & P 500 in 2024, which is +8.2% YTD. The bottom line is that both KRE and KBE have been forming bullish patterns, and we could see breakout attempts soon.
Persons: KRE, it's, Frank Cappelleri Organizations: JPMorgan, Regional Banking, P Bank ETF
“You know, I’m a fan of his father,” Mr. Schlossberg says, as Jimmy. Mr. Schlossberg has long been in Mr. Biden’s corner. The Biden campaign did not immediately respond to questions of whether Mr. Schlossberg’s video barrage had been coordinated with the campaign. At minimum, Mr. Schlossberg, who has hinted in the past that he has his eye on elected office, has demonstrated a willingness to take comedic risks. Whatever his flaws, and however reliant he may be on hackneyed stereotypes, Mr. Schlossberg is plainly a committed performer.
Persons: John F, Kennedy, Robert F, Kennedy Jr, Jack Schlossberg, , Donald J, Ben Affleck, ” Mr, Schlossberg, Jimmy, Wade, Anthony, Mr, , Caroline Kennedy, Solomon, Matthew Abbott, Joshua, Camelot, John Bouvier Kennedy Schlossberg, Biden, Jim Wilson, , — “ Organizations: Trump, Kennedys, The New York Times, New York Jewish, Federal Reserve, Convention, Mr, Democratic, Ivy League, New York Times Locations: America’s, Russian, Massachusetts, China, Russia, New, England, Biden’s, Australia, New York City
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. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. The Dow Jones Industrial Average had its fourth consecutive winning session on Monday, and the S&P 500 also climbed for the past four days. Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. CNBC Pro screened FactSet for stocks from four exchange-traded funds. — Weizhen Tan
Persons: Weizhen Tan Organizations: Dow Jones, Tech, CNBC Locations: China
The chief of the Houston Police Department retired abruptly amid an investigation into more than 260,000 incident reports since 2016 that were not investigated, including sexual assaults and other felonies, because of a “lack of personnel.”The departure of the chief, Troy Finner, was announced by Mayor John Whitmire during a City Council meeting on Wednesday. He praised the chief and called him a “friend" but said that “new information” related to the suspended cases was distracting the Police Department. After the council meeting, Mr. Whitmire told reporters that the retirement had come after he had discussions with Mr. Finner on Tuesday. “I dealt with it because it was a distraction to the mission of the men and women in H.P.D.,” the mayor said.
Persons: Troy Finner, John Whitmire, Whitmire, Finner, Organizations: Houston Police Department, Police Department Locations: H.P.D
CNN —The long-awaited first crewed mission of Boeing’s Starliner spacecraft will be delayed for more than a week after engineers identified an issue that halted launch preparations on Monday. Starliner’s next opportunity to lift off on its maiden voyage from NASA Kennedy Space Center in Florida is at 6:16 p.m. Veteran NASA astronauts Suni Williams and Butch Wilmore had already taken their seats aboard the Starliner capsule when the operations team called for a scrub Monday night about two hours before launch. NASA astronauts Butch Wilmore, right, and Suni Williams will remain in quarantine until the launch. Terry Renna/APWilliams and Wilmore have each ventured to space on two previous journeys aboard the NASA space shuttle and Russian Soyuz missions.
Persons: Starliner’s, Suni Williams, Butch Wilmore, Tory Bruno, Bruno, Williams, Wilmore, SpaceX’s, Terry Renna, Bill Nelson, , Butch, Suni, Nelson, , ” Williams Organizations: CNN, NASA Kennedy Space Center, Veteran NASA, United Launch Alliance, Atlas V, NASA, Cape Canaveral Space Force, Kennedy Space Center, Boeing, International Space Station, Russian Soyuz, Mercury, Gemini, Apollo Locations: Florida, Russian, United States
There's a growing risk of a stock market melt-up, according to market veteran Ed Yardeni. Yardeni said the return of the "Fed Put" means stocks could soar on the anticipation and realization of interest rate cuts. But stock market melt-ups are rarely sustainable and are often followed by a painful decline. With it comes increased risk of a stock market meltup," Yardeni said. For investors, the question is whether or not a potential stock market melt-up and subsequent decline will happen at prices a lot higher or lower from current levels.
Persons: Ed Yardeni, Yardeni, , Jerome Powell, Yardeni's Organizations: Service, Federal, Wall Street
Anton Govor left his corporate finance career to become an Airbnb host on Lake Garda in Italy. I visited Lake Garda for the first time when I was 21The main guesthouse at GardaDoma. Courtesy of GardaDomaDuring a drive from Munich to Florence, I stopped in Lake Garda completely by chance. AdvertisementI chose to leave my finance career behindIn December 2018, my second son was born at Lake Garda, and I took parental leave at our house. I devote 1 to 4 p.m. to property maintenance and planning the dinner menu with our work family, who take shifts in cooking.
Persons: Anton Govor, Govor, he's, , It's, Ernst & Young, Brenzone, Airbnb Organizations: Garda, Service, Ernst &, MOEX Group, Lake Garda Locations: Italy, Brenzone sul Garda, Moscow, Lake, Munich, Florence, Europe, Russia, Easter
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