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Biotech Stocks Join AI-Fueled Rally
  + stars: | 2023-07-26 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/biotech-stocks-join-ai-fueled-rally-86c0b838
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/goldman-sachs-gs-q2-earnings-report-2023-abea540
Persons: Dow Jones, sachs Organizations: goldman
China’s Reopening Trade Is Fizzling Out
  + stars: | 2023-07-11 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-reopening-trade-is-fizzling-out-2f63bb43
Persons: Dow Jones
Stocks Post Broad Losses After Strong Economic Data
  + stars: | 2023-07-07 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-06-29-2023-254badaa
Persons: Dow Jones Organizations: dow
Travel Stocks Charge Higher Ahead of Peak Season
  + stars: | 2023-06-29 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/travel-stocks-charge-higher-ahead-of-peak-season-a5ddc2b0
Persons: Dow Jones
Stocks Post Losing Week After Signs of Cooling Economy
  + stars: | 2023-06-24 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-06-23-2023-3b8ea2aa
Persons: Dow Jones Organizations: dow
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/hopes-rise-for-rally-in-small-stocks-after-historic-underperformance-b15a1d20
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/nvidia-is-still-a-buy-on-wall-street-as-analysts-race-to-boost-price-targets-964e6ec7
Persons: Dow Jones
ChatGPT Is Causing a Stock-Market Ruckus
  + stars: | 2023-05-09 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
The rise of artificial intelligence is taking the tech world by storm. The technology is also making waves on Wall Street. It is early days for so-called generative AI, a form of artificial intelligence that can conjure original ideas in the form of text, video or other media. But the tool has caused a stir in companies, schools, governments and the general public for its ability to process massive amounts of information and generate sophisticated content in response to prompts from users.
S&P 500 Starts Week Lower, Short of Bull Market Territory
  + stars: | 2023-05-06 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-06-05-2023-582696e9
Persons: Dow Jones Organizations: dow
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-news-04-27-2023-5dfec2c4
First Republic Bank recently unveiled a number of changes, including a plan to win deposits from new consumers. Photo: Thalia Juarez for The Wall Street JournalFirst Republic Bank shares lost about half their value Tuesday, a day after the bank reported first-quarter results that showed a deposit hemorrhage in March that was worse than expected. The stock shed 49% to close at $8.10, a new low. Trading in First Republic shares was halted several times Tuesday afternoon after the stock tumbled.
Stocks Slump on Signs of Economic Slowdown
  + stars: | 2023-04-04 | by ( Charley Grant | Will Horner | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/global-stocks-markets-dow-update-04-04-2023-655d03cb
March Swoon Is Nothing New for Bank Investors
  + stars: | 2023-03-30 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
Bank stocks are reeling again in the wake of this month’s turmoil. They face a long road to win back investors. The abrupt collapses of Silicon Valley Bank and Signature Bank sparked contagion fears in the sector, helping to pull the KBW Nasdaq Bank Index down 25% in March through Wednesday. That is on track to mark the fourth-worst month on record dating to 1992, according to Dow Jones Market Data.
Charles Schwab Corp., one of a host of financial firms that have taken a drubbing since the collapse of several regional banks this month, is pushing back against fears that it could face some of the same problems as paper losses on its bondholdings mount. In an interview with The Wall Street Journal, Schwab’s chief executive said the brokerage giant could continue to operate even if it lost most of its deposits over the next year.
Regional Bank Chaos Clouds Outlook for Markets
  + stars: | 2023-03-15 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
In just four trading days, the market’s script has flipped. Nearly a year has passed since the Federal Reserve began raising interest rates to combat high inflation. Ever since, investors have fixated on when the central bank might end its campaign and, eventually, begin to reverse it. Few investors had bank failures on their list of potential market risks for 2023.
Dividend Stocks Have New Competition: Cash
  + stars: | 2023-03-12 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
AT&T cut its dividend last year when it divested the WarnerMedia division. Stocks used to be the only game in town for investors chasing robust returns. Soaring inflation has pushed government-bond yields to their highest levels in more than a decade. That, coupled with a soggy stock market, has led to a steady decline in the number of stocks that offer comparatively high yields: There were just 34 stocks in the S&P 500 with a dividend yield above that on the six-month Treasury bill as of Friday, according to Birinyi Associates. The six-month yield settled at 5.116%, according to Dow Jones Market Data
A raft of crypto companies cut ties on Thursday with Silvergate Capital Corp., whose focus on the crypto industry was once its selling point but quickly became a liability. Crypto firms Coinbase Global Inc., Circle Internet Financial Ltd., Paxos Trust Co. and Galaxy Digital Holdings Ltd. all announced plans Thursday to stop banking with Silvergate. Late Wednesday, Silvergate said that it was at risk of being “less than well-capitalized” and was evaluating its ability to continue doing business. Its stock dropped 55% Thursday.
Brisk Sales Are Powering Restaurant Stocks
  + stars: | 2023-03-01 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
U.S. consumers are still flocking to restaurants and bars. Lately, shareholders have been cashing in. The restaurant industry usually fares well when labor and food costs rise gradually, and attracting customers with lower prices becomes easier. Even though inflation has remained stubbornly high of late, that hasn’t prevented restaurant companies—and their stocks—from thriving.
Stocks Rally Despite Squeeze on Profitability
  + stars: | 2023-02-21 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
Chipotle said it expects sales growth, which was boosted last year by price increases, to moderate. This year’s stock rally has a surprising feature: a smaller share of revenue at big U.S. companies is reaching the bottom line. With fourth-quarter earnings season nearly complete, the net profit margin of companies in the S&P 500 has fallen to 11.3%, based on actual results and analyst estimates for companies that have yet to report. That would mark the sixth consecutive quarterly decline from the peak of 13% in 2021, according to FactSet.
The Dow Jones Industrial Average last year was a relative bright spot in a battered stock market. Now, speculation is back, and the blue chips are falling behind. The 30-stock index is up 2.4% in 2023 but is badly trailing the Nasdaq Composite Index, which has surged 14%. Largely home to technology and other growth stocks, the Nasdaq is off to its best start since 1991, and the spread between the indexes is the widest since 2000 for any year through Feb. 8.
Travel Stocks Soar After Pandemic Struggles
  + stars: | 2023-02-03 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
The travel industry is making a comeback from Covid-19. Consumers have flocked to the skies, after the worst of the pandemic essentially shuttered the travel industry. Shares of companies focused on travel are among the early winners of 2023. United Airlines Holdings Inc. and American Airlines Group Inc. have advanced 39% and 34%, respectively. Caesars Entertainment Inc. has advanced 29%, while Marriott International Inc. is up 18%.
Investors Await Tech Earnings in Next Test for Markets
  + stars: | 2023-01-24 | by ( Charley Grant | ) www.wsj.com   time to read: 1 min
Tech companies such as Microsoft are sharply cutting staff after head counts swelled in the pandemic boom. Technology stocks are off to a strong start after enduring a miserable 2022. The first big test of the new year’s rally is on tap. Even after their sharp selloff, the five largest U.S. companies— Apple Inc., Microsoft Corp., Alphabet Inc., Amazon.com Inc. and Berkshire Hathaway Inc.—account for 18.9% of the S&P 500. That is well above the historical average of about 15%, according to S&P Dow Jones Indices.
Fourth-quarter profit plunged 66% from a year ago at Goldman Sachs Group Inc. and 40% at Morgan Stanley , reflecting a continued slowdown in the corporate deal-making that had fueled record earnings a year earlier. Both banks on Tuesday also reported lower revenue.
Goldman Sachs Group Inc. said a big chunk of its consumer lending business lost slightly more than $3 billion since 2020, revealing for the first time the costly toll of the Wall Street giant’s Main Street push. Ahead of fourth-quarter earnings, scheduled to publish next week, Goldman released financial information that reflects its new reporting structure. The bank in October announced a sweeping reorganization that combined its flagship investment-banking and trading businesses into one unit, while merging asset and wealth management into another.
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