High-signal headlines only - macro events, earnings, M&A, regulatory. Listicles and analyst clickbait filtered out by default. Refreshed hourly.
Wall Street is set to open higher on Thursday as strong Microsoft results helped technology stocks recover from their sharp post-Federal Reserve sell-off. Dow Jones futures were up 225 points, or 0.4%, while S&P 500 futures pointed to a 0.6% gain and the Nasdaq was called 1.3%...
Coming into Thursday trading, Tesla stock has dropped for six straight days, losing 21% over that span.
SpaceX stock rose early Thursday as Elon Musk’s rocket and AI company tried to shake off recent losses with some help from the U.S. Space Force. The shares were up 1.6% at $114.29 in premarket trading, while and futures were up 0.4% and 0.2%, respectively. Its shares were up almost 9% after a strong earnings report.
Stocks looked set to open higher on Thursday as investors weighed up earnings reports from Microsoft and Meta Platforms, which came just hours after Federal Reserve Chairman Kevin Warsh’s press conference triggered a brutal market selloff.
U. S. stock futures edged higher on Thursday as investors weighed the Federal Reserve’s latest interest rate decision alongside a fresh wave of earnings from major technology companies.
This inflation data point is the ultimate green or red light for Wall Street and investors.
Asian stocks traded mixed Thursday as a divided Fed held rates and Korea's KOSPI extended its selloff despite Samsung's record quarter.
Oil prices bounced between gains and losses on Thursday and world shares were mixed, with South Korea’s Kospi falling again after losing more than 16% over the past two days due to selling of stocks related to artificial intelligence-related. Crude prices remained volatile after the U.S. said early Thursday it had conducted a “heavy wave” of strikes against Iran, responding to an attack on a U.S. base. It was trading around $72 a barrel in late February, before the Iran war began.
The Dow fell 1,153 points after the Fed held rates steady, as bond yields surged amid inflation fears following a tense FOMC.
The head of the Fed's choice of words when describing elevated inflation should rightly worry Wall Street and investors.
Then Kevin Warsh started talking. The new Federal Reserve chairman did little to ease investor concerns about the central bank’s fight with inflation, so the S&P 500 closed down 1.5%. The Dow Jones Industrial Average sank 2.2% The Nasdaq Composite fell 1.7%.
U.S. equity futures were little changed on Wednesday as investors digested Microsoft, Meta and Qualcomm earnings and the Federal Reserve’s decision.
<body><p>STORY: Wall Street ended sharply lower on Wednesday, with the Dow tumbling more than two percent, the S&P 500 shedding one-and-a-half percent and the Nasdaq falling one-and-three-quarters percent.</p><p>:: Archive</p><p>The Fed's widely expected decision to leave interest rates unchanged drew dissents from three of the 12 members of the central bank's policy-setting committee, who would have "preferred" a quarter-percentage-point hike at Wednesday's meeting.</p><p>Eric Diton is president and managing director of The Wealth Alliance.</p><p>"That's telling you the Fed here is not in agreement. Three dissenters is a lot. And it's clear that we are getting closer and closer to a rate hike. And the markets are handicapping that. So, I think going forward I would expect a rate hike probably in September, certainly by December. I think that’s where we are heading.”</p><p>Meanwhile, investors continued to worry about Big Tech companies funneling billions of dollars into AI at the expense of free cash flow.</p><p>Case in point: shares of Meta fell more than 9% in extended trading after the social media company hiked its forecast for 2026 capital expenditure.</p><p>But shares of another Magnificent 7 tech giant climbed in extending trading. Microsoft rose about 2% after topping Wall Street estimates for quarterly cloud revenue growth, a sign its massive spending on AI infrastructure was paying off.</p><p>:: Microsoft</p><p>:: Archive</p><p>AI-related chipmakers added to recent losses after a sixfold jump in SK Hynix's quarterly profit fell short of lofty investor expectations. </p></body>
The latest trading day saw TXO Partners LP (TXO) settling at $13.1, representing a +2.58% change from its previous close.
Lennar (LEN) closed at $84.56 in the latest trading session, marking a -3.53% move from the prior day.
BellRing Brands (BRBR) closed the most recent trading day at $13.29, moving 2.71% from the previous trading session.
Intrusion Inc. (INTZ) closed at $0.76 in the latest trading session, marking a -2.19% move from the prior day.
In the closing of the recent trading day, Astera Labs, Inc. (ALAB) stood at $249.74, denoting a -4.03% move from the preceding trading day.
Star Bulk Carriers (SBLK) closed at $27.39 in the latest trading session, marking a -2.18% move from the prior day.
In the latest trading session, Symbotic Inc. (SYM) closed at $40.34, marking a -4.72% move from the previous day.
The latest trading day saw Core & Main (CNM) settling at $42.37, representing a -3.66% change from its previous close.
In the latest trading session, Oscar Health, Inc. (OSCR) closed at $30.57, marking a -2.64% move from the previous day.
Kraft Heinz (KHC) closed at $27.62 in the latest trading session, marking a +1.17% move from the prior day.
Hyster-Yale (HY) closed the most recent trading day at $32.15, moving 6.35% from the previous trading session.
PPL (PPL) concluded the recent trading session at $35.7, signifying a -1.73% move from its prior day's close.
In the closing of the recent trading day, Louisiana-Pacific (LPX) stood at $73.61, denoting a -3.84% move from the preceding trading day.
We use Google Analytics to count anonymous page views and understand which content gets read. No ads, no profiles. Decline keeps you on cookieless mode. Details.
