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Search resuls for: "Dow Industrials"


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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
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 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
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
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
Stock Market Today: Dow, Nasdaq Futures Edge Up
  + stars: | 2023-07-11 | by ( ) www.wsj.com   time to read: +2 min
Stock futures edged higher as investors looked ahead to inflation data that are expected to play a crucial role in shaping the next stretch of monetary policy. Investors eyed gains in overseas stock markets Tuesday, which came after Beijing announced new loan-relief measures for China’s troubled property sector. European indexes also rose, with the exception of the U.K.’s benchmark stock index, which fell after data showed wage growth remained strong there. Stock futures edged higher. Futures tied to the S&P 500 and the tech-focused Nasdaq-100 both gained 0.2%, while those tied to the Dow industrials edged up 0.1%.
Persons: Loretta Mester, Mary Daly, , Hong, Seng, Brent Organizations: Labor Department, Investors, Traders, Beijing, Dow, Treasury, Shanghai, Nikkei Locations: Europe
Stock Market Today: Dow Futures Fall; Meta Stock Rises Premarket
  + stars: | 2023-07-06 | by ( ) www.wsj.com   time to read: +1 min
Government-bond yields rose in the U.S. and Europe, reflecting recent statements by major central banks that they will keep raising interest rates to curtail inflation. Weakening activity in the services sector is a big reason for the pressure on global markets today, said Samy Chaar, chief economist at Lombard Odier. U.S. stock futures fell. Government-bond yields rose. Yields rose in Germany, the U.K. and France, too.
Persons: Samy Chaar, , Dow, Hang Seng Organizations: Services, Lombard, Nasdaq, Overseas, Nikkei Locations: Government, U.S, Europe, Shanghai, Germany, France, Brent, Iran
Bond yields rose and stocks fell after fresh economic data showed the labor market is still running hot. U.S. stocks fell. The S&P 500, Dow industrials and Nasdaq Composite each dropped more than 1%. The communications services sector was off more than 1%; it includes Meta Platforms, which wavered in morning trading after launching Threads, a Twitter competitor. Oil prices fell.
Persons: Dow, Hong, Hang Seng Organizations: Institute for Supply Management, Labor Department, Dow industrials, Nasdaq, Brent, Energy, Overseas, Nikkei Locations: U.S, Europe, Iran
Stock Market Today: Dow Slips, Tesla Jumps
  + stars: | 2023-07-03 | by ( ) www.wsj.com   time to read: +1 min
That will be followed Friday with the June jobs report, which economists expect to show continued resilience in the labor market. The Nasdaq Composite was up, the S&P 500 was around flat and the Dow industrials were edging lower. The yield on the benchmark 10-year Treasury note dipped to 3.811%, from 3.818% Friday. The Shanghai Composite rose 1.3%, its largest gain in nearly two months. The international benchmark for oil climbed after Russia's Deputy Prime Minister Alexander Novak said his country would cut oil exports in August.
Persons: Tesla, Nio, Janet Yellen’s, Hang Seng, Alexander Novak, Bitcoin Organizations: Federal, Nasdaq, Dow, EV, Nikkei, Brent, Securities and Exchange Commission Locations: U.S, China, Shanghai, Saudi Arabia
Stock Market Today: Dow Futures Hover, Tesla Jumps
  + stars: | 2023-07-03 | by ( ) www.wsj.com   time to read: +2 min
Stock futures edged higher to kick off the second half of 2023, with shares of growth companies—and particularly Tesla—leading premarket. Tesla’s stock jumped over 6% in premarket trading after the electric-vehicle maker posted a record quarter for sales . The stock market ended last week on solid footing after the Fed’s preferred inflation measure, the personal-consumption expenditures price index, notched its lowest reading in two years. Stock futures mostly ticked up. Futures tied to the tech-focused Nasdaq-100 rose 0.3%, while those tied to the S&P 500 added 0.1%.
Persons: Tesla, Janet Yellen’s, Hong, Hang Seng, Alexander Novak, Bitcoin Organizations: Federal, Stock, Futures, Dow, Nikkei, Brent, Securities and Exchange Commission Locations: . U.S, U.S, China, Shanghai, Saudi Arabia
Dow Futures, Bank Stock Rise: Live Updates
  + stars: | 2023-06-29 | by ( ) www.wsj.com   time to read: +2 min
Stock futures edged higher as investors awaited data on inflation and economic growth and digested comments by central-bank chiefs. Meanwhile, bank stocks rose in premarket trading Thursday after the Fed said the biggest U.S. lenders remained healthy . Stock futures were up. The yield on the 10-year bund advanced to 2.357% ahead of German inflation data due at 8 a.m. U.S. bank stocks climbed premarket.
Persons: Jerome Powell, Christine Lagarde, Andrew Bailey, , Jason Da Silva, Arbuthnot Latham Organizations: European Central Bank’s, Bank of England Gov, Fed, U.S, Stock, Futures, Nasdaq, Dow, Treasury, bund, Bank of New York Mellon, Bank of America, UniCredit, Nikkei Locations: European, Spain, U.S, China, Europe
U.S. stock futures and bond yields edged higher ahead of a relatively busy day of data that will be scrutinized for signals about the health of the economy. However, Lordstown Motors stock tumbled more than 60% premarket after the electric-truck startup filed for bankruptcy and sued its investment partner Foxconn Technology. ECB President Christine Lagarde said the central bank would likely raise rates in July , and was committed to returning inflation to 2% “come what may.”U.S. stock futures gained. Futures tied to the tech-focused Nasdaq-100 rose 0.4%, while those linked to the S&P 500 gained 0.2%. Bond yields rose.
Persons: Christine Lagarde, Dow industrials, Brent, Hang Seng Organizations: Nasdaq, Lordstown Motors, Foxconn Technology, Central, Futures, Treasury, Nikkei Locations: Russia, Europe, Asia, Hong, Shanghai
Stock Market Today: Dow Futures, Ruble Edge Lower
  + stars: | 2023-06-26 | by ( ) www.wsj.com   time to read: +1 min
Stock futures and bond yields are edging lower as global investors brush off this weekend’s events in Russia . Global central bankers will be meeting in Portugal this week for the European Central Bank’s annual forum. Stocks came under pressure last week as policymakers including Federal Reserve Chair Jerome Powell emphasized that their policy-tightening cycles weren’t yet finished. Stock futures slipped. The benchmark MOEX stock index was down 1.4%.
Persons: Vladimir Putin, Wagner, Yevgeny Prigozhin, Stocks, Jerome Powell, Dow, Brent Organizations: Global, Central, Nasdaq, Treasury, U.S, Benchmark, Locations: Russia, Portugal, Europe, Asia, Hong, Shanghai
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