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Stock Market News, Nov. 10, 2023: U.S. Indexes Log Weekly Gains
  + stars: | 2023-11-10 | by ( ) www.wsj.com   time to read: +1 min
U.S. stocks ended the week on a high note, with all three major indexes climbing to book weekly advances. The tech-heavy Nasdaq led the way, rising 2% to book its best day since May. Stocks rose Friday after Thursday's mini-freakout, when the S&P 500 snapped a winning streak after a lackluster Treasury auction and a warning from Federal Reserve Chair Jerome Powell that victory over inflation wasn’t assured. The S&P 500, Dow industrials and Nasdaq all rose more than 1.2%. Energy stocks rose, too.
Persons: Read, Jerome Powell, Dow, Bitcoin Organizations: Nasdaq, Federal, Treasury, Dow industrials, Dow, Trade, Brent, Energy Locations: U.S, ICBC
Stock Market Today: Dow Futures Gain, Gloom Stalks European Luxury
  + stars: | 2023-11-10 | by ( ) www.wsj.com   time to read: +1 min
Another Treasury-market headache: the hack of a U.S. arm of China’s biggest bank , ICBC, which facilitates trading in U.S. government debt. Stock futures were mixed. Two reports—one from Cartier owner Richemont, the other from booze giant Diageo—suggested global consumers are pulling back on spending as economies slow. The cryptocurrency has rallied on hopes the U.S. will approve bitcoin exchange-traded funds, and logged its highest end-of-day level Thursday since May 2022. Hong Kong’s Hang Seng Index fell almost 2%, while shares in Europe also declined.
Persons: Bond, wobbles, Jerome Powell, Richemont, Diageo —, Pernod Ricard, Gucci Organizations: Federal, Treasury, Dow, Nasdaq, Diageo Locations: U.S, ICBC, Cartier, Europe
The S&P 500 snapped a winning streak after a lackluster Treasury auction and a warning from Federal Reserve Chair Jerome Powell that victory over inflation wasn’t assured. U.S. stocks rose. The S&P 500, Dow industrials and Nasdaq Composite all traded in positive territory. Oil prices edged higher. Energy stocks rose, too.
Persons: Jerome Powell, Dow Organizations: Federal, Treasury, Dow industrials, Nasdaq, Unity Software, News Corp, Brent Locations: U.S, ICBC
Stock Market Today: Futures Tread Water; Fed's Powell Due to Speak
  + stars: | 2023-11-08 | by ( ) www.wsj.com   time to read: +1 min
That is the key question for investors after a rally in U.S. stock and Treasury markets. U.S. stock futures suggested the rally could pause. Dow industrials futures traded flat. The 10-year yield traded around 4.6%, up from 4.570% on Tuesday. International stock markets broadly declined.
Persons: Jerome Powell Organizations: Treasury, Federal, Fed, Nasdaq, Dow, U.S, Nikkei Locations: U.S, Washington . U.S, Europe
Stock Market Today: Dow Futures Waver, UBS Posts a Loss
  + stars: | 2023-11-07 | by ( ) www.wsj.com   time to read: +1 min
Stock futures ticked lower, suggesting the recent winning streak on Wall Street could come to an end, while Treasurys rallied, bringing down yields. In global markets, UBS posted a larger-than-expected loss on costs related to taking over Credit Suisse. Index futures declined. International stock markets broadly declined. Oil markets retreated, putting benchmark Brent crude on track for its lowest close since August at slightly under $84 a barrel.
Persons: Treasurys, Dow, Bond Organizations: UBS, Credit Suisse, KKR, Carlyle Group, TPG, EBay, Rivian Automotive, Robinhood, Dow industrials, Nasdaq, Treasury, Nikkei, Hang, Brent Locations: Saudi Aramco, Europe
Stock Market Today: Futures Edge Up to Start the Week
  + stars: | 2023-11-06 | by ( ) www.wsj.com   time to read: +1 min
Stock futures crept higher early Monday, with investors eyeing bond yields for signals on whether a recent rally in equities can continue. Friday’s weaker-than-expected jobs report propelled the S&P 500 up 0.9% and helped the index notch its best weekly performance in about a year. In recent market action:Index futures nudged higher. Contracts linked to the S&P 500, Nasdaq-100 and the Dow industrials inched up by about 0.1% to 0.2%. Treasury yields rose slightly.
Persons: Tesla, Stocks, Brent Organizations: Nasdaq, Dow, KKR, Telecom Italia's, Telecom Italia Locations: Asia, Milan, Saudi Arabia, Russia
All three major U.S. indexes climbed Friday, helping them to their best weeks of the year. The U.S. added 150,000 jobs in October, below economists' projections, while the unemployment rate was slightly higher than expected. The stock market's most valuable company, Apple, disappointed investors with an anemic growth outlook after the bell yesterday. The broad S&P 500 rose nearly 6% this week. FTX founder Sam Bankman-Fried was convicted of fraud Thursday and crypto exchange Coinbase Global reported a seventh quarter of losses.
Persons: Dow, Bitcoin, Sam Bankman, Fried, Brent Organizations: Apple, Dow industrials, Nasdaq, Treasury, Global Locations: U.S
Despite a bleak month in October for the stock market, there may be some good news in store for at least four stocks in the Dow Jones Industrial Average . All three major market indexes are in the red this month, with the Dow off by 1.5% since the end of September. But investors may find some relief heading into the year end, since historically November has been a strong month for stocks. Analysts surveyed by LSEG have an average rating of hold on Caterpillar. Based on a consensus price target of $288, Caterpillar offers some 27% upside according to analyst estimates.
Persons: Dow, LSEG, Max, — CNBC's Christopher Hayes Organizations: Dow Jones, Stock, Dow, CNBC, Caterpillar, Analysts, LSEG, Boeing, Max . Insurance, UBS
Stock Market News Today: Dow, Nasdaq Drop; Amazon Earnings in Focus
  + stars: | 2023-10-26 | by ( ) www.wsj.com   time to read: +1 min
The Nasdaq Composite closed down 1.8% on Thursday, after dropping the day before. Alphabet was the culprit Wednesday: It got slammed after its own earnings, which helped drag the tech-heavy Nasdaq into a correction. The 10-year yield dipped. The yield on the benchmark 10-year note settled at 4.843%, pulling back after nearing Monday’s 5% level earlier in the session. Coming up:Intel and Ford Motor are also on the earnings docket for after markets close.
Persons: Sam Bankman, Dow industrials Organizations: Nasdaq, Facebook, United Parcel Service, Spirit Airlines, Comcast, Intel, Ford
The Nasdaq Composite fell around 1% on Thursday, after dropping the day before. Alphabet was the culprit Wednesday: It got slammed after its own earnings, which helped drag the tech-heavy Nasdaq into a correction. The S&P 500 and Dow industrials fell alongside the Nasdaq. Treasury yields wavered. The yield on the benchmark 10-year note oscillated between gains and losses after nearing Monday’s 5% level earlier in the session.
Persons: Sam Bankman, Dow industrials, Dow Organizations: Nasdaq, Facebook, Treasury, United Parcel Service, Spirit Airlines, Comcast
Some of the stock market's behemoths are badly underperforming in midday trading, weighing on the broader market. Alphabet's stock is down more than 9% after reporting its quarterly results , a warning sign to some investors about the resilience of tech stocks after a banner year . Stay tuned: The earnings deluge continues today, with Facebook parent Meta Platforms , Barbie maker Mattel and IBM due to report after the closing bell. The tech-heavy Nasdaq and S&P 500 were in the red, while the Dow industrials were slightly higher. Yields on benchmark 10-year Treasury notes inched up, but held below the 16-year high of 5% reached Monday.
Persons: Stocks, inched Organizations: Apple, Nvidia, Microsoft, Facebook, Mattel, IBM, Nasdaq, Dow, Germany's Deutsche Bank
Stock Market Today: Dow Futures Rise; Bitcoin Jumps
  + stars: | 2023-10-24 | by ( ) www.wsj.com   time to read: +1 min
A falloff in the 10-year Treasury yield lifted stock futures amid a busy slate of earnings from companies including Google parent Alphabet and Microsoft. After cresting Monday just beyond 5% for the first time since 2007, the yield on the 10-year note held below 4.9% in early trading. Stock futures advanced, led by contracts tied to the tech-focused Nasdaq-100 index. S&P 500 and Dow industrials futures posted smaller gains. General Electric, 3M and Coca-Cola stocks all rose in premarket trading after the companies raised their financial outlooks.
Persons: Bitcoin Organizations: Treasury, Google, Microsoft, Federal Reserve, Dow, General Electric, GE, bund
A decline in transportation stocks is sending a worrying signal about the broader stock market. Transportation stocks are viewed as a leading indicator because they point to the movement of goods around the country. AdvertisementAdvertisementA steady decline in transportation stocks is sending a worrying signal about the broader stock market and its chances to stage a year-end rally. If companies are seeing a slowdown in growth and their stock prices fall, it could be a grim warning for the rest of the economy and stock market. AdvertisementAdvertisementAnd if the latter happens, crucial support levels would be broken and investors' highly anticipated year-end rally in the stock market, partly explained by bullish seasonals, would be on thin ice.
Persons: , Hunt, Dow Jones, bullish seasonals, J.B, Shelley Simpson, Robert Isom, We're, Isom, Joe Hinrichs, Hinrich, Dow, Manuel Blay, TheDowTheory.com, Dow Industrials Organizations: Service, Dow Jones Transportation, United Airlines, American Airlines, CSX Transportation, Dow, Industrial, CNBC, CSX Locations: Israel
A fresh selloff in government bonds weighed on stock markets globally, adding to pressure from the conflict in the Middle East . Netflix shares leapt in premarket trading, while Tesla fell after the companies reported quarterly results after Wednesday’s market close. Investors were also assessing results from major companies such as AT&T and Blackstone. S&P 500 and Dow industrials contracts edged lower, while Nasdaq-100 contracts wavered. Treasury yields rose.
Persons: Tesla, Stocks Organizations: Netflix, Blackstone, Stock, Dow, Nasdaq, Brent, Venezuela Locations: Shanghai, Europe, Israel, U.S
Long-term bond yields hit a fresh 16-year high, weighing on stocks already pressured by the conflict in Gaza and corporate earnings results. Higher bond yields make riskier assets like stocks look less attractive and push up borrowing costs for companies and households. Procter & Gamble shares rose after the company reported a rise in quarterly profit , boosted by price hikes. The S&P 500, the Dow industrials and the Nasdaq Composite all traded in negative territory. The yield on the benchmark 10-year note rose above 4.9%, set to close at the highest level since July 2007.
Persons: Biden, Morgan Stanley's, Brent Organizations: Treasury, Procter, Gamble, Netflix, Dow, Nasdaq, Semiconductor, Nvidia, AMD, Intel, United Airlines Locations: Gaza, U.S, Israel
Stock Market Today: Morgan Stanley, P&G Earnings in Spotlight
  + stars: | 2023-10-18 | by ( ) www.wsj.com   time to read: +1 min
Stock futures edged lower and oil prices rose as investors eyed more earnings from major companies and tracked the intensifying conflict in Gaza. Morgan Stanley 's stock fell premarket after it posted a drop in quarterly net income. Procter & Gamble reported a rise in quarterly profit , boosted by price increases. An explosion at a hospital in Gaza ratcheted up tensions, further spurring concerns of a wider regional conflict. Chinese stocks edged lower.
Persons: Morgan Stanley, Gamble, Biden Organizations: Procter, Netflix, Treasury, Nasdaq, Dow, Brent Locations: Gaza, China, Israel, Shanghai
Political Cartoons View All 1211 ImagesThe futures for the S&P 500 and Dow industrials were up less than 0.1%. On Monday on Wall Street, the S&P 500 climbed 1.1% for its best day since the Oct. 7 surprise attack on Israel by Hamas. Financial markets have a history of weakening initially after a geopolitical shock, such as a war, only to revert to longer-term fundamentals. FactSet estimates that earnings per share at S&P 500 companies likely rose 0.4% in the last quarter from a year earlier. Shares of Lululemon jumped 10.3% in their first trading session after S&P Dow Jones Indices said the apparel company will join its widely tracked S&P 500 index.
Persons: Germany's DAX, Dow industrials, Antony, Blinken, ” Robert Carnell, Nicholas Mapa, Brent, , Mark Hackett, Johnson, Tesla, Charles Schwab, Dow Organizations: CAC, Nikkei, Hamas, Dow, Nasdaq, ING Economics, New York Mercantile Exchange, Treasury, Financial, Nationwide, Bank of America, Federal Reserve, Dow Jones, Activision Blizzard, Microsoft, U.S Locations: BANGKOK, East, Paris, Asia, Hong Kong, Shanghai, Australia, Thailand, Israel, Gaza, Lebanon, Iran
NEW YORK (AP) — Shares fell in Asia as investors braced Monday for an expected invasion by Israel in the Gaza Strip. On Friday, the price of a barrel of benchmark U.S. crude oil jumped $4.78 to settle at $87.69. Early Monday, U.S. crude oil was unchanged while Brent was up 3 cents at $90.92 a barrel. Worries about the war pulled Treasury yields lower, which often happens when investors head for safer investments during times of stress. The yield on the 10-year Treasury fell to 4.63% from 4.70% late Thursday.
Persons: , Israel, Brent, Korea's Kospi, Australia's, Wells, JPMorgan Chase, Jamie Dimon, Todd Vasos Organizations: Economics, Markets, Nikkei, Nasdaq, Dow, Treasury, United Nations, Federal Reserve, JPMorgan Chase, JPMorgan, UnitedHealth, Wall, Dollar, U.S . Locations: Asia, Israel, Gaza, U.S, Hong Kong, Shanghai, Wells Fargo
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
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