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Search resuls for: "Lewis Krauskopf Shreyashi Sanyal Yohann M Cherian"


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☆ Wall Street ends down after stunning jobs growth raises Fed questions
  + stars: | 2023-02-03 | by ( Lewis Krauskopf Shreyashi Sanyal Yohann M Cherian | Lewis Krauskopf | Shreyashi Sanyal | ) www.reuters.com   time to read: +4 min
The S&P 500 still posted a gain for the week, which included a string of major market events, and stood not far from five-month highs. U.S. job growth accelerated sharply in January, with nonfarm payrolls surging by 517,000 jobs, well above an estimate of 185,000. For the week, the S&P 500 rose 1.6%, the Dow slipped 0.15%, and the Nasdaq gained 3.3%. Alphabet (GOOGL.O) shares dropped 2.7% after the Google parent posted fourth-quarter profit and sales short of Wall Street expectations. The S&P 500 posted 16 new 52-week highs and one new low; the Nasdaq Composite recorded 127 new highs and 16 new lows.
☆ Tech, megacaps drag Wall St to lower close as big market week kicks off
  + stars: | 2023-01-30 | by ( Lewis Krauskopf Shreyashi Sanyal Yohann M Cherian | Lewis Krauskopf | Shreyashi Sanyal | ) www.reuters.com   time to read: +4 min
The heavyweight tech sector (.SPLRCT) dropped 1.9% while energy (.SPNY) shed 2.3%, the biggest drop among the S&P 500 sectors. More than 100 S&P 500 companies are expected to report results this week, which also includes central bank meetings in the United States and Europe and closely watched U.S. employment data. Despite Monday's declines, the S&P 500 remained on track to post its biggest January gain since 2019. With more than 140 companies having reported so far, S&P 500 earnings are expected to have fallen 3% in the fourth quarter compared with the prior-year period, according to Refinitiv IBES. The S&P 500 posted 5 new 52-week highs and no new lows; the Nasdaq Composite recorded 67 new highs and 20 new lows.
☆ Tech, megacaps drag Wall St lower at start of big market week
  + stars: | 2023-01-30 | by ( Lewis Krauskopf Shreyashi Sanyal Yohann M Cherian | Lewis Krauskopf | Shreyashi Sanyal | ) www.reuters.com   time to read: +3 min
More than 100 S&P 500 companies are expected to report results this week, which also includes central bank meetings in the United States and Europe and closely watched U.S. employment data. Despite Monday's declines, the S&P 500 was on track to post its biggest January gain since 2019. Meanwhile, the European Central Bank is expected to deliver another large rate hike on Thursday. With more than 140 companies having reported so far, S&P 500 earnings are expected to have fallen 3% in the fourth quarter compared with the prior-year period, according to Refinitiv IBES. The S&P 500 posted five new 52-week highs and no new lows; the Nasdaq Composite recorded 51 new highs and 14 new lows.
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