Global News

[ad_1] Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 13, 2024.  Brendan McDermid | Reuters U.S. stock futures inched higher on Wednesday night as traders looked ahead to another inflation reading. Dow Jones Industrial Average futures rose 32 points, or less than 0.1%. S&P 500 futures advanced 0.1%, and Nasdaq 100 futures climbed 0.2%. In after-hours action, trading platform Robinhood popped 10% after the company reported a 16% increase in assets under custody in February from the prior month. Troubled electric vehicle startup Fisker tumbled 46% after The Wall Street Journal reported that the company has hired restructuring advisors to prepare for a potential bankruptcy filing. These moves come after the major stock indexes ended Wednesday's session with mixed activity. A sharp decline in the technology sector — particularly as Nvidia dropped 1.1% — pulled the S&P 500 and the Nasdaq Composite lower, with the two b

[ad_1] Traders on the floor of the NYSE, Oct. 21, 2022. Source: NYSE Stock futures were little changed Tuesday after the S&P 500 posted its third positive session in a row and banking sector concerns continued to ease. Futures tied to the Dow Jones Industrial Average rose 35 points, or 0.1%. Meanwhile, S&P 500 futures traded around the flatline, and Nasdaq-100 futures dipped 0.1%. Lyft shares gained 4% in the premarket after the ridesharing company announced a new CEO and that its cofounders would step away from their day-to-day roles. PVH Corp. shares popped 12% on strong quarterly results. The moves follow a mixed session on Monday. Investors fought to extend last week's gains, but tech shares came under pressure. The Dow Jones Industrial Average added 194.55 points, or 0.6%, while the S&P 500 gained 0.16%. The Nasdaq Composite dipped 0.47% as tech stocks moved lower. A slew of positive news reports helped lift sentiment on Wall Street, including First

[ad_1] Where the major averages stand after Tuesday's selloff This is where all the major averages stand for 2023 and February after posting their worst session of the year and worst day since Dec. 15. Dow Jones Industrial Average: Down 0.05% in 2023 Down 2.81% in February 10.35% off record high 81.89% off pandemic low S&P 500: Up 4.11% for the year Down 1.94% in February 17.04% off record high 82.37% off pandemic low Nasdaq Composite: Up 9.8% for the year Down 0.8% this month 29.11% % off record high 73.30% off pandemic low — Samantha Subin, Chris Hayes Palo Alto Networks pops on guidance lift Palo Alto Networks ' stock jumped more than 7% in extended trading after the cybersecurity provider beat Wall Street's estimates for the recent quarter and management lifted third-quarter fiscal earnings guidance. For the recent quarter, the software maker posted adjusted earnings of $1.05 per share on $1.66 billion in revenue. Analysts expected EPS of 78 cents on $1.65 bill

[ad_1] U.S. stocks fell sharply Friday after the Federal Reserve's preferred inflation gauge showed a stronger-than-expected increase in prices last month. The Dow Jones Industrial Average fell by 364 points, or 1.1%. The S&P 500 and Nasdaq Composite slid 1.4% and 2.0%, respectively. The Dow fell as much as 510 points, or 1.54%, earlier in the trading session. Boeing shares slipped more than 4% after the company temporarily halted delivery of its 787 Dreamliners over a fuselage issue. Shares of Microsoft and Home Depot also fell more than 1%. The major averages are headed for a losing week. The S&P 500 is down 2.9% and is set for its worst week since Dec. 9. The Dow is down nearly 3% this week and headed for its fourth straight losing week. The Nasdaq is 3.5% lower, and on pace for its second negative week in three. The core personal consumption expenditures price index , the Fed's preferred measurement of inflation, rose 0.6% in January and 4.7% from the p

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 12, 2023.  Brendan McDermid | Reuters Stock futures inched higher in overnight trading after the S&P 500 closed at its highest level in over a year. Markets also looked ahead to another key inflation reading. Disney shares added nearly 1% in extended trading after the entertainment giant extended CEO Bob Iger's contract through 2026, two years longer than planned. Futures tied to the S&P 500 rose 0.08%, while Nasdaq 100 futures added 0.14%. Futures connected to the Dow Jones Industrial Average gained 27 points, or 0.08%. Stocks surged on Wednesday after a cooler-than-expected June consumer price index report eased some worries that the Federal Reserve may tip the economy into a recession as it fights to bring down sticky inflation.   The S&P 500 and Nasdaq Composite jumped 0.74% and 1.15%, respectively, to hit their highest closing levels since April 2022.

[ad_1] Last Updated: July 04, 2023, 00:54 IST New York, United States of America (USA) The tech-rich Nasdaq Composite Index was the outlier for the day, edging up 0.2 percent to finish at 13,816.77. The lackluster start to trading in the second half of the year followed a bumper first half buoyed by investor enthusiasm for companies involved in generative AI US stocks closed marginally higher after a muted half-day of trading ahead of the July fourth Independence Day holiday. The lackluster start to trading in the second half of the year followed a bumper first half buoyed by investor enthusiasm for companies involved in generative artificial intelligence, from chipmakers to software firms. “Whenever you have a half day, you shouldn’t expect much activity in either direction — and that’s exactly what we got today," Art Hogan from B. Riley Wealth Management told AFP. “I think we’ll get back in the game on Wednesday," he added. The Dow Jones Industrial Average finished alm

[ad_1] Traders work on the floor of the New York Stock Exchange (NYSE), June 29, 2023. Brendan McDermid | Reuters U.S. stock futures were little changed Sunday night, as traders prepared for the second half of what's already been a stellar year on Wall Street. Futures tied to the Dow Jones Industrial Average dipped 17 points. S&P 500 and Nasdaq-100 futures traded flat. Tesla shares were little changed in overnight trading after the electric vehicle maker reported delivery and production numbers that beat analysts' expectations . Elsewhere, United shares inched marginally lower as bad weather contributed to a swath of flight disruptions for the airline over the long holiday weekend. Stocks are coming off a banner start to 2023. On Friday, the Nasdaq Composite closed out its biggest first-half gain since 1983, surging 31.7%, while the S&P 500 jumped 15.9% for its best first-half since 2019. The Dow Jones Industrial Average lagged, climbing a modest 3.8% d

[ad_1] Trader on the floor of the New York Stock Exchange, July 15, 2021. Source: NYSE U.S. equity futures rose Friday as Wall Street looked to cap off a banner start to 2023 and the latest inflation data showed continued easing. Futures tied to the Dow Jones Industrial Average gained 170 points, or 0.5%. S&P 500 futures ticked higher by 0.66%, and Nasdaq 100 futures advanced 0.9%. Apple shares rose nearly 1% before the bell to trade above a $3 trillion market cap. Elsewhere, Nike shares fell about 3% after the apparel giant reported a weaker-than-expected quarterly profit . Friday is a pivotal day for investors, marking not just the end of the June, but also the conclusion of the second quarter and the first half. Here is where the indexes stand as of Thursday's close: For June: The S&P 500 has gained 5.18% and is on pace for its best monthly performance since January. The Nasdaq has advanced 5.07%, and both it and the broad-market index are heading for a fourth c