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Search resuls for: "Jack Pitcher"


4 mentions found


☆ Investors Are Losing Faith in Cathie Wood’s ARK Innovation
  + stars: | 2022-12-12 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Cathie Wood continues to shrug off the critics and stand by her investments. Investors who bought the dip in Cathie Wood ‘s ARK Innovation exchange-traded fund have been punished this year. Some finally appear to be losing their conviction. Shares of the fund, a pandemic-era favorite largely made up of unprofitable, growth-oriented technology companies, are down 63% this year. While the S&P 500 index has rallied 10% since mid-October to cut its 2022 losses to 17%, Ms. Wood’s flagship fund is hovering near a five-year low.
☆ Stocks Close Lower After Producer Prices Rise More Than Expected
  + stars: | 2022-09-12 | by ( Jack Pitcher | Caitlin Mccabe | ) www.wsj.com   time to read: 1 min
Stocks turned lower after producer-price data came in hotter than expected, disappointing investors who had hoped for signs of easing inflation before the Federal Reserve’s meeting next week. The S&P 500 fell 29.13 points, or 0.7%, to 3934.38 Friday after wavering for much of the day. The Dow Jones Industrial Average was down 305.02 points, or 0.9%, to 33476.46. The technology-focused Nasdaq Composite slipped 77.39 points, or 0.7%, to 11004.62.
☆ Stocks Tumble After Strong Data Raises Rate Fears
  + stars: | 2022-06-12 | by ( Will Horner | Jack Pitcher | ) www.wsj.com   time to read: 1 min
U.S. stock indexes extended declines Tuesday as investors weighed fears about the outlook for interest rates against optimism surrounding China’s reopening. The S&P 500 dropped 57.58 points, or 1.4%, to 3941.26, while the Dow Jones Industrial Average fell 350.76 points, or 1%, to 33596.34, and the technology-heavy Nasdaq Composite slid 225.05 points, or 2%, to 11014.89.
☆ U.S. Stocks Pare Losses After Jobs Report
  + stars: | 2022-02-12 | by ( Jack Pitcher | Anna Hirtenstein | Akane Otani | ) www.wsj.com   time to read: 1 min
U.S. stocks wobbled around the flatline Friday, retracing early losses after a stronger-than-expected jobs report cast doubt on how quickly the Federal Reserve will be able to slow down its pace of interest-rate increases. Stocks dropped and Treasury yields jumped early Friday on what seemed like a surprisingly strong jobs report. But investors picked up on some mixed signals in the report as they digested it, such as a decline in the average workweek for private-sector employees. The 10-year yield ended the day down.
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