Global News

[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] 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] 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...