MT Newswires68d agoneutral
Stocks Rise Pre-Bell Ahead of PPI Data, Fed Chair Warsh's TestimonyThe main US stock measures were trending higher in Wednesday's premarket activity as traders await t
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24/7 Wall St.68d agoneutral
Here Are Wednesday’s Top Wall Street Analyst Research Calls: Allstate, AMC Entertainment, Boeing, CAVA Group, Check Point Software, Digital Realty Trust, FedEx, IBM, UPS, and MorePre-Market Stock Futures: Futures are trading higher after a nice bounce-back day for Wall Street, as a tepid June consumer price index report, combined with the President dropping the big Strait of Hormuz tolls, brought buyers back to the table. When the final bell rang, all of the major indices finished the day higher. The ... Here Are Wednesday’s Top Wall Street Analyst Research Calls: Allstate, AMC Entertainment, Boeing, CAVA Group, Check Point Software, Digital Realty Trust, FedEx, IBM, UPS
InvestorsHub68d agoneutral
U.S. markets look higher as softer inflation and ASML results lift sentiment: Dow Jones, S&P, Nasdaq, Wall Street FuturesU. S. stock futures traded modestly higher on Wednesday after inflation data came in below expectations, easing concerns that the Federal Reserve may need to raise interest rates in the near term.
Yahoo Finance68d agoneutral
Stock market today: Dow, S&P 500, Nasdaq futures extend gains ahead of earnings, wholesale inflation dataThe focus turns to Wednesday's release of the Producer Price Index after the latest Consumer Price Index data showed the largest single-month decline in inflation since April 2020.
Investing.com69d agoneutral
ASML, Inflation boost, Earnings roll on - What’s moving marketsInvesting.com - U.S. stock futures edged higher on Wednesday after a softer-than-expected inflation reading eased fears that the Federal Reserve may soon raise interest rates.
Barrons.com69d agoneutral
Review & Preview: Inflation CoolsIt was a jam-packed day for the markets: earnings season started strong, oil futures fluctuated, Federal Reserve Chairman Kevin Warsh testified in front of lawmakers, and the latest June inflation report delivered a cooler-than-expected reading that should make policymakers hold off on raising interest rates—for now. The Dow closed just above the flatline at 0.02%. The Nasdaq Composite was up 0.9% and the S&P 500 finished the day up 0.4%.
Reuters Videos69d agoneutralVIDEO
Wall Street ends higher on cool inflation data, solid bank earnings<body><p>STORY: U.S. stocks closed mostly higher on Tuesday, with the Dow ending little changed, the S&P 500 adding almost four-tenths of a percent and the Nasdaq gaining nine-tenths of a percent.</p><p>Second-quarter earnings season began with five big U.S. banks reporting solid results, buoyed by trading strength and dealmaking.</p><p>Shares of Goldman Sachs surged 9%, while JPMorgan Chase and Bank of America also closed higher.</p><p>Robert Conzo, CEO and managing director of The Wealth Alliance, said he expects corporate earnings this quarter to remain strong which should help markets advance.</p><p>"When you look at the earnings estimates for the second quarter, it's at 23.6 [percent], north of 20. That's coming off of a first quarter earnings of about 27 [percent]. Again, a huge number north of 20. The last time that happened was in the first and second quarter of 2021 when we were coming off of Covid. So these are big earnings projections going forward. The market was looking for that because all eyes on earnings in the face of sticky inflation.”</p><p>But inflation was a little less "sticky" in June, as Tuesday's release of the Labor Department's Consumer Price Index showed the annual inflation rate dropped to 3.5%, due largely to receding oil prices that have since rebounded.</p><p>Other stocks on the move Tuesday included U.S.- listed shares of SK Hynix, which soared more than 27% after tumbling on Monday following a strong Friday debut.</p><p>And shares of IBM plummeted more than 25% after the tech company warned second-quarter revenue would fall below estimates.</p></body>
Barrons.com69d agoneutral
The Detail in IBM’s Earnings Warning That Caused The Stock’s Worst Day EverIBM stock suffered its worst day ever on Tuesday after the company’s preliminary second-quarter earnings missed analysts’ targets. In a letter to shareholders, CEO Arvind Krishna explained the shortfall was largely driven by the company’s infrastructure business. “What played out was worse than our expectations,” Krishna wrote.
The Wall Street Journal69d agoneutral
Cooling Inflation, Surging Bank Earnings Power StocksA hectic day in markets lifted stocks Tuesday, thanks to booming bank profits and an unexpectedly upbeat inflation report. All major U.S. indexes ended the day in the green, despite a historic fall from grace for one member of the Dow industrials. The Dow industrials edged less than 0.1% higher, weighed down by tumbling shares of International Business Machines.
The Wall Street Journal69d agoneutral
Strong Bank Earnings, Cool Inflation Data Lift U.S. StocksU.S. stocks rose as blockbuster bank earnings and a cooler-than-expected inflation report boosted sentiment, while a profit warning from IBM weighed on the Dow Industrials and dragged software stocks lower.
AFP69d agoneutral
Dollar slides as rate hike prospects ease, oil gains moderateThe dollar slid Tuesday after a drop in US inflation dented expectations of an interest rate hike later this month.Earlier Tuesday, the market saw a roughly 40 percent probability of a US interest rate hike this month, but that fell to 13 percent after the CPI data was published.
Yahoo Finance Video69d agoneutralVIDEO
June CPI report tests Fed rate cut outlook as Kevin Warsh testifiesYahoo Finance's Markets and Data Editor Jared Blikre and Senior Business Reporter Brooke DiPalma join Julie Hyman on Market Catalysts to break down the June Consumer Price Index (CPI) report, what it means for the Federal Reserve's rate-cut outlook, and how Fed Chair Kevin Warsh's testimony could shape expectations for monetary policy.
Barrons.com69d agoneutral
Nasdaq and S&P 500 Rise on Inflation Relief, Lower Rate-Hike OddsFresh economic data showing consumer prices fell in June sent stocks mostly higher at Tuesday's opening bell. The tech-heavy Nasdaq was up 0.4%, while the S&P 500 gained 0.2%. The Dow was up 0.2%, or 83 points.
Barrons.com69d agoneutral
Big Bank Earnings Offset IBM's Nosedive, Dow Inches HigherThe Dow is caught in a tug-of-war between strong bank earnings and IBM's historic drop. The Dow's top performer was Goldman Sachs, which popped 5.5% after reporting record results. Goldman is the heaviest weighted component in the Dow.
Proactive69d agoneutral
Nasdaq set to rebound but Dow called lower after IBM shockerWall Street looked set for a mixed open as investors digested a 23% plunge in IBM shares, another jump in oil prices and the start of the second-quarter earnings season. Dow Jones futures were down 281 points, or 0.5%, while S&P 500 futures were 0.1% lower. Nasdaq futures were pointing...
Reuters69d agoneutral
S&P 500, Dow futures dip as big banks' earnings roll in ahead of CPI data; IBM slidesBy Ragini Mathur and Avinash P July 14 (Reuters) - S&P 500 and Dow futures fell on Tuesday in choppy trading as investors sifted through earnings reports from Wall Street's biggest banks, while IBM
MT Newswires69d agoneutral
Earnings, CPI, Persian Gulf Roil Wall Street Pre-Bell; Asia Up, Europe OffWall Street futures were mixed pre-bell Tuesday as tech shares somewhat recovered from Monday's rout
Barrons.com69d agoneutral
Wall Street's Fear Index Rises on a Critical Day for MarketsMarket pulses were elevated on Tuesday as Wall Street contended with surging oil prices amid renewed fighting in the Middle East and braced for key economic indicators from the Consumer Price Index and the Fed, and earnings from America's big banks. The Cboe Volatility Index, or Vix, rose 1% to 17.32. The widely watched gauge takes the temperature of Wall Street and any reading above 20 tends to indicate increased market volatility.
Motley Fool70d agoneutral
Prediction: Today's Inflation Report Will Contain a Much-Needed Silver Lining, but Also Highlight Something SinisterAn expected decline in headline inflation for June doesn't tell the full story.
Yahoo Finance70d agoneutral
Stock market today: S&P 500, Nasdaq, Dow futures slip as Iran tensions ratchet up, bank earnings and Fed report on deckFutures on the major gauges fell after a brief peace between Iran and the US disintegrated.
Reuters Videos70d agoneutralVIDEO
Wall Street ends lower as Iran tensions dampen risk appetite<body><p>STORY: U.S. stocks ended lower on Monday, with the Dow losing about a quarter of a percent, the S&P 500 falling roughly eight-tenths of a percent and the Nasdaq dropping more than one-and-a-half percent.</p><p>:: Archive</p><p>Oil prices jumped after President Donald Trump announced he would reinstate a blockade on Iranian ports in the latest escalation of U.S.-Iran hostilities.</p><p>Alexander Morris is CEO and chief investment officer of F/m Investments.</p><p>"Anyone watching the market today is really seeing what happens when there is confusion in the market, of information. We have a weekend where we think that Iran is sorting itself out, and then the blockade is back on. The ceasefire is teetering, but we're shooting at each other. Confusion is back. The dollar is down. The [yield] curve is up. It seems like the market is starting to price back in the fact that any of the good news bits that we had previously thought might be the start of the end are actually maybe just the end of the beginning."</p><p>Chip stocks, which have tended to lead the market through both rally and selloff, slid on Monday, with SanDisk, Marvell Technology and Intel dropping between about 6% and 12.5%.</p><p>And after a stellar Nasdaq debut on Friday, U.S.-listed shares of South Korean chipmaker SK Hynix sank more than 9%.</p><p>On the flip side, energy stocks led the gainers, as crude prices surged more than 9%. Shares of Chevron added more than 3% while Exxon Mobil climbed 4%.</p><p>Higher oil costs fueled worries that strained supply and upward price pressures could broaden into long-term, systemic inflation.</p><p>To that end, the Labor Department is expected to release its consumer and producer price indexes this week, which will give markets and the Federal Reserve a glimpse at the extent to which the on-again-off-again U.S.-Iran war affected price growth in June.</p></body>