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Search resuls for: "Dow Industrial"


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Stock Market Today: JPMorgan, Wells Fargo Benefit From Higher Rates
  + stars: | 2023-10-13 | by ( ) www.wsj.com   time to read: +1 min
U.S. stock futures and bond yields edged lower amid a string of results from major banks. JPMorgan Chase and Wells Fargo beat analysts' expectations for both earnings and revenue . Stock futures mostly edged down. Blackrock's stock fell in thin premarket trading, even though its earnings beat analysts' expectations. Treasury yields declined slightly.
Persons: Wells, Brent, Dow industrials, Hang Seng Organizations: JPMorgan Chase, Wells Fargo, Nasdaq, Shanghai, Japan’s Nikkei Locations: Europe
The yield on the 30-year U.S. Treasury note briefly breached 5%, while the 10-year equivalent hovered below 4.8%—its highest level since August 2007. Germany's 10-year Bund yield briefly touched 3%, for the first time in 12 years. Contracts tied to the S&P 500, the Dow industrials and Nasdaq-100 each edged up about 0.1%. West Texas Intermediate, the U.S. benchmark, fell below $88 a barrel. Brent crude, the international benchmark, traded below $90.
Persons: Brent, Kospi Organizations: Treasury, Bund, Dow, Nasdaq, West Texas Intermediate, Nikkei Locations: U.S
Stock Market Today: Bond Selloff Weighs on Dow Futures
  + stars: | 2023-10-04 | by ( ) www.wsj.com   time to read: +1 min
The yield on the 30-year U.S. Treasury note briefly breached 5%, while the 10-year equivalent hovered below 4.8%—its highest level since August 2007. Germany's 10-year Bund yield briefly touched 3%, for the first time in 12 years. Contracts tied to the S&P 500, the Dow industrials and Nasdaq-100 each edged up about 0.1%. West Texas Intermediate, the U.S. benchmark, fell below $88 a barrel. Brent crude, the international benchmark, traded below $90.
Persons: Brent, Kospi Organizations: Treasury, Bund, Dow, Nasdaq, West Texas Intermediate, Nikkei Locations: U.S
Stocks finished lower and Treasury yields rose Thursday, concluding a second day of weak market action triggered by the Federal Reserve. “In this environment, with higher rates for longer, it’s more difficult to achieve a soft landing. U.S. stocks retreated. All three major indexes fell; the Nasdaq Composite was down 1.8%, while the Dow industrials dropped more than 350 points. The benchmark 10-year Treasury yield climbed tp 4.479% to its highest level since October 2007.
Persons: Stocks, , Karim Chedid, Dow industrials, Shorter Organizations: Federal Reserve, BlackRock, Cisco, Nasdaq, Dow, Treasury, Nikkei, Swiss Locations: U.S, Europe
The S&P 500 fell 1.2%, while the Nasdaq Composite shed 1.6%. The S&P 500 and Nasdaq posted slim declines for the week, while the Dow eked out a small gain. The Nasdaq Composite led indexes lower with a 1.6% decline. The S&P 500 was down 1.2% and the Dow industrials fell 0.8%, or nearly 300 points. Adobe shares were among the biggest losers in the S&P 500 after earnings disappointed investors.
Persons: Stocks, Dow industrials, Oil, Brent Organizations: Nasdaq, Dow Jones Industrial, Dow, Tech, Adobe, Treasury
Stocks finished Thursday higher, with the Dow rising more than 300 points, after investors shrugged off a slate of hot economic data. Thursday's producer inflation and retail sales reports —along with the CPI yesterday—showed gas prices are driving much of the latest inflationary pulses. The S&P 500, Dow industrials and tech-heavy Nasdaq Composite all rose after a modest performance Wednesday. Bond yields rose as prices fell, pricing in a tad of the hotter-than-expected economic data. Eurozone bond yields and the euro currency fell after the ECB raised rates.
Persons: Stocks, shrugged, Dow Organizations: Dow, CPI, Federal, Overseas, European Central Bank, Officials, Nasdaq, Brent, International Energy Agency, Cruise Lines, ECB Locations: British
Stock Market Today: Dow Futures Hover; Bond Yields Rise
  + stars: | 2023-08-30 | by ( ) www.wsj.com   time to read: +1 min
But futures trading early Wednesday suggests the rally could be fizzling out. German bond yields jumped. New data showed prices rising at a faster-than-expected rate in a key German state, raising concerns about a eurozone-wide inflation reading due Thursday. U.S. bond yields also gained. Germany’s DAX was a weak spot after the inflation data.
Persons: Bitcoin, Germany’s DAX, Idalia Organizations: Federal Reserve, Nasdaq, Dow, Treasury, Index, Nikkei Locations: Asia, Gulf of Mexico, Gabon
Stocks around the world kicked off a new week on a positive note, with U.S. indexes rising. The stock market's gains were broad-based, with nearly all of the S&P 500's sectors rising and some big tech stocks lagging. The yield on the 10-year U.S. Treasury note fell slightly, recently trading at 4.218%, after settling at 4.239% on Friday. Hawaiian Electric shares leapt after the utility pushed back against claims that its power lines caused the deadly Lahaina wildfire. Chinese indexes swung after the government cut a trading tax and said it will take more steps to revive markets.
Persons: Stocks, Jerome Powell, Jackson Organizations: Nasdaq, Dow, Treasury, Hawaiian Electric Locations: Jackson Hole, U.S, Shanghai
Stock Market Today: Dow Futures Rise; Tesla Stock Gains Premarket
  + stars: | 2023-08-21 | by ( ) www.wsj.com   time to read: +1 min
The robust U.S. economy has raised expectations of higher-for-longer borrowing costs, and Treasury yields have hit decade-plus highs in recent days. Treasury yields gained. The benchmark CSI 300 lost 1.4% and Hong Kong’s Hang Seng Index fell deeper into a bear market. European natural gas prices jumped again. Labor disputes in Australia’s energy industry have driven up gas prices in Europe more than 30% in August.
Persons: Dow industrials, Brent, Jerome Powell, Jackson Organizations: Treasury, Nasdaq, CSI, Labor Locations: Europe
Ten-year Treasury yields are up again after settling at their highest level since 2008, an ascent that is raising concern on Wall Street about the potential fallout for stocks. Yields have been driven up mostly by the strength of the U.S. economy, and the prospect of inflation remaining stubbornly high. Stocks were in the red following two days of losses spurred in part by higher yields. The S&P 500 and Dow industrials were modestly lower, while the Nasdaq Composite was off about 0.5%. Ten-year Treasury yields rose above 4.3%, after settling at 4.258% Wednesday.
Persons: Stocks, Dow industrials Organizations: Labor Department, Retail, Walmart, Nasdaq, Hawaiian Electric, Moderna, Global, Japan’s Nikkei Locations: U.S, Maui, Europe, Shanghai
The S&P 500 ended slightly lower Friday, logging its second straight week of losses. Stocks had kicked off the day with declines after the producer-price index showed supplier prices ticking up from June's flat reading. The S&P 500 and Nasdaq Composite fell, while the Dow Industrials edged up. The FTSE 100 slid and the pound rallied after data showed the U.K. economy grew. Chinese stocks fell.
Persons: Stocks, TINA, Wynn Organizations: Investors, Nasdaq, Dow, UBS, Credit Suisse, Casino, Wynn Resorts, Caesars, Bank of England Locations: Swiss, Shanghai
Chasing the market higher is a bad idea right now, and investors should turn to safe-haven sectors instead, investor Sarat Sethi warned. "I think as an equity investor, one needs to be really careful here and not chase some of these rallies, especially for stocks that are looking for lower discount rates." Stocks rose on the back of the data, with the Dow Jones Industrial Average trading more than 400 points higher at its session peak. Haleon and pharmaceutical giant Johnson & Johnson were also mentioned by Sethi. Johnson & Johnson is down 2% in 2023 but has risen more than 3% in August.
Persons: Sarat Sethi, Sethi, Dow Jones, Freeport's, Johnson Organizations: Reserve, Dow Jones Industrial, Johnson, GSK, Janssen Pharmaceuticals, Food and Drug Administration Locations: Freeport, McMoRan
Stock Market Today: Dow Futures Edge Up; WeWork Stock Tumbles
  + stars: | 2023-08-09 | by ( ) www.wsj.com   time to read: +1 min
Stock futures were muted in early trading Wednesday, suggesting U.S. markets could stabilize after a pullback in the previous session . European shares were more buoyant, with Italian banks clawing back losses after Rome watered down a planned windfall tax. Stock futures edged higher. Oil prices rose. Italian banks recouped some of the previous day’s big losses, after Rome partially walked back plans for a windfall tax.
Persons: Rome, Brent Organizations: Nasdaq, Dow, Treasury, CSI Locations: Government, Europe, Rome
Shares of regional banks, including U.S. Bancorp, Key and Comerica, were among the biggest decliners in the S&P 500. The pullback stood to reverse some of Monday’s stock-market gains, which included a roughly 400-point increase for the Dow . Stock indexes fell. The S&P 500, Dow industrials and Nasdaq all declined by more than 1%. Eli Lilly led the S&P 500 higher.
Persons: Dow, Eli Lilly Organizations: U.S . Bancorp, Key, Comerica, Bank of America, JPMorgan Chase, Citigroup, Dow, United Parcel Service, Dow industrials, Nasdaq, Treasury, Shanghai, Nikkei, Bank, Commodities Locations: Europe, Rome, U.S
Stock Market Today: Dow, Nasdaq Close Lower; Big Bank Stocks Slide
  + stars: | 2023-08-08 | by ( ) www.wsj.com   time to read: +2 min
A broad sell off in regional bank shares—including KeyCorp and Comerica—made financial stocks among the worst performers in the S&P 500. ET:Stock indexes fell. The S&P 500 and Dow industrials pared some of their losses from earlier in the day, but still ended down. Eli Lilly led the S&P 500 higher. Bank shares were among the biggest losers, with UniCredit and other Italian banks sinking after Rome said it plans a windfall tax.
Persons: Dow industrials, Eli Lilly, Wall Organizations: KeyCorp, Comerica, Bank of America, JPMorgan Chase, Citigroup, United Parcel Service, Dow, Nasdaq, Treasury, Shanghai, Nikkei, Bank Locations: Government, Europe, Rome
U.S. stock futures rose, putting indexes on course to start the week strongly after a run of losses , while bonds sold off, ahead of closely watched inflation data due in the coming days. Another measure of inflation, the producer price index , is due Friday, alongside consumer-confidence data. Stock futures gained. Berkshire Hathaway stock rose premarket, after Warren Buffett’s conglomerate said it had swung to a profit in the second quarter. In Asia, the Nikkei 225 index rose 0.2% while the Shanghai Composite index fell 0.6%.
Persons: Warren Buffett’s Organizations: Federal, Stock, Nasdaq, Dow, Investors, KKR, Palantir, Berkshire Hathaway, Nikkei Locations: Berkshire, Ukrainian, Russian, Europe, Asia, Shanghai
Stocks closed lower after Friday's jobs report, with all three major U.S. indexes logging losses for the week. The yield on the 10-year Treasury edged lower in afternoon trading, but rose for the week. The S&P 500, tech-heavy Nasdaq and Dow industrial all notched losses for the week. The tech giant's stock rose around 8% after it reported stronger-than-expected earnings late Thursday. Wheat prices rose after reports that Ukrainian sea drones attacked a Russian Black Sea port that is a major hub for oil and grain exports.
Organizations: Treasury, Nasdaq, Dow, Brent Locations: Russian
Stock futures mostly edged higher, putting the S&P 500 on course to change direction after three days of losses, as investors awaited the monthly jobs report. Amazon’s stock surged almost 9% in premarket trading after the tech giant reported stronger-than-expected earnings late Thursday. Friday’s jobs report is expected to show the labor market cooled further in July. The labor market has shown surprising resilience to the Federal Reserve’s interest-rate rises and investors will eye the jobs report closely to assess how it could influence officials’ decision-making. Futures tied to the S&P 500 and the tech-heavy Nasdaq-100 were narrowly higher, while the Dow industrials edged lower.
Persons: Nonfarm Organizations: Nasdaq, Dow, Brent, Index, Nikkei Locations: Russian
Stock futures edged lower at the start of another busy day of company earnings that will offer clues on the financial strength of corporate America. Uber stock is rising ahead of the open in heavy volumes, after the ride-hailing giant reported its first operating profit . Stock futures slipped. Contracts on the S&P 500 and Dow industrials edged lower. The Stoxx Europe 600 and the U.K.’s FTSE 100 both edged lower.
Organizations: Companies, Caterpillar, Merck, Pfizer, HSBC, BP, Starbucks, Devices, Stock, Dow, Nasdaq, Treasury, U.S, Australian, Nikkei, , Brent Locations: London, Europe
U.S. stock indexes closed higher Friday, lifted by tech shares, as blue-chip earnings and fresh inflation data rolled in. Intel gained after it posted a return to profit late Thursday on the back of a resurgent PC market . The S&P 500 and Dow industrials also rose; all three ended the week with gains. Big tech shares were among the day's leading gainers. Intel's rise lifted an index of chip stocks.
Persons: Ford, Dow industrials, Dow, Brent Organizations: Intel, Chevron, Exxon Mobil, Federal, Nasdaq, Big, Treasury Locations: ., Japan's, Japan
U.S. stock indexes rose Friday, lifted by tech shares, as blue-chip earnings and fresh inflation data rolled in. Big tech stocks, including Alphabet and Meta Platforms, powered ahead. Intel gained after it posted a return to profit late Thursday on the back of a resurgent PC market . Tesla and other EV stocks rose , while Ford retreated. Big tech shares were among the day's leading gainers.
Persons: Ford, Dow industrials, Dow Organizations: Intel, Chevron, Exxon Mobil, Federal, Nasdaq, Big, Meta, Treasury, Overseas, Technology Locations: Big, ., Japan's, Japan, Europe
Stock Market Today: What to Watch Ahead of Earnings
  + stars: | 2023-07-25 | by ( ) www.wsj.com   time to read: 1 min
Stock futures treaded water early Tuesday, with a slew of earnings due later from big names such as Google parent Alphabet, Microsoft and Visa. A rally has built in recent days, with the Dow industrials gaining for 11 straight sessions, as hopes rise for a soft landing.
Organizations: Microsoft, Visa, Dow
A selloff in Netflix and Tesla shares weighed on the S&P 500 and the Nasdaq Composite, denting investor optimism about the second-quarter earnings season after largely reassuring bank results. Netflix slid after the company reported revenue that fell short of its own projections , despite adding 5.9 million subscribers. Tesla fell after Chief Executive Officer Elon Musk cautioned that the company might need to cut prices further . The S&P 500 and Nasdaq Composite were down. Chip stocks fell, pulled down by a disappointing update from Taiwan Semiconductor Manufacturing Co., the world’s biggest contract chip maker.
Persons: Tesla, Elon Musk, Stocks, Dow industrials Organizations: Netflix, Tesla, Nasdaq, Truist, Zions Bancorp, Taiwan Semiconductor Manufacturing Co
Dow theory: a primer The rules around the Dow Theory were formulated more than 120 years ago by Charles Dow himself (though he himself never used the term Dow Theory). "Dow Theory was formulated when the Dow Industrials were stuff makers, and the railroads were stuff movers," Tom McClellan, editor of the McClellan Market Report, told me. New Dow Theory also confirms a new high There have been attempts to formulate a "New Dow Theory." Tuesday, the S & P 500 closed at 4,554 (up 19% this year), and the Nasdaq closed at 14,354 (up 37% year-to-date). The S & P 500 is up 9% since May 1.
Persons: Dow, Charles Dow, Tom McClellan, McClellan, David Keller, Keller, hasn't, It's, Jeff Hirsch, Hirsch Organizations: Dow Jones, Dow Jones Transportation, Dow, Dow Theory, Dow Transports, Dow Railroads, FedEx, UPS, Nasdaq Locations: U.S, uptrends
[1/3] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 7, 2023. Headline data for May also was revised higher to show sales gaining 0.5% instead of 0.3% as previously reported. Deutsche Bank said it was lowering its forecast for China's economic growth this year, following similar moves on Monday by J.P. Morgan, Morgan Stanley and Citigroup. Besides the Fed, the European Central Bank and the Bank of Japan also hold policy meetings next week. Expectations that the Fed and the ECB will diverge on rate hikes have caused the dollar to weaken recently.
Persons: Brendan McDermid, Dow Industrials, Thomas Hayes, Dow, Morgan Stanley, J.P, Morgan, Fiona Cincotta, DAX, Brent, Elizabeth Howcroft, Selina Li, Chizu Nomiyama, Jonathan Oatis Organizations: New York Stock Exchange, REUTERS, Reserve, U.S . Commerce Department, Treasury, Dow, Nasdaq, Microsoft Corp, Amazon.com Inc, Apple Inc, Great, Great Hill Capital, Bank of America, Dow Jones, Deutsche Bank, Citigroup, Fed, European Central Bank, Bank of, ECB, Thomson Locations: New York City, U.S, Great Hill, New York, Europe, China, Germany, Bank of Japan, Hong Kong
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